LMUB vs VTEB
iShares Long-Term National Muni Bond ETF against Vanguard Tax-Exempt Bond Index Fund: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
7%
559 shared positions
Fee gap
6 bp
VTEB is cheaper
1-year return gap
1.9 pts
VTEB is ahead
Larger fund
VTEB
$50.4B
Side by side
| LMUB | VTEB | |
|---|---|---|
| Fund | iShares Long-Term National Muni Bond ETF | Vanguard Tax-Exempt Bond Index Fund |
| Issuer | iShares | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.09% | 0.03% |
| Assets | $1.7B | $50.4B |
| Average daily dollar volume | $45M | $1.6B |
| Listed | Mar 17, 2025 | Aug 21, 2015 |
| FrenzyCap score | 89 | 100 |
| 1-month return | −0.8% | −0.4% |
| 3-month return | −5.0% | −3.0% |
| Year to date | −6.3% | −4.5% |
| 1-year return | −6.9% | −5.0% |
| 30-day volatility | 9.4% | 6.5% |
| Worst drawdown, 1 year | −10.5% | −8.2% |
| Trailing 12-month yield | 4.12% | 3.54% |
| Holdings | 1,027 | 11,156 |
| Top 10 weight | 4.8% | 1.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$236M thru May 2026 | +$3.6B thru Jul 2026 |
| 30-day implied volatility | — | 6.2% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Sep 30, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
58% of LMUB · 8% of VTEB| Holding | LMUB | VTEB |
|---|---|---|
| NEW YORK ST DORM AUTH REVS NON 5.5%, due Jul 1, 2054 | 0.11% | 0.13% |
| HILLSBOROUGH CNTY FLA 5.5%, due Aug 1, 2056 | 0.13% | 0.07% |
| NEW JERSEY ST TRANSN TR FD AUT 5%, due Jun 15, 2050 | 0.12% | 0.07% |
| NEW JERSEY TRANSPORTATION TRUST FU 5.5%, due Jun 15, 2054 | 0.11% | 0.07% |
| NEW YORK ST DORM AUTH SALES TA 5%, due Mar 15, 2055 | 0.16% | 0.07% |
| ALABAMA TOLL RD BRDG & TUNL AU 5%, due Jan 1, 2066 | 0.23% | 0.07% |
| MASSACHUSETTS ST DEV FIN AGY 5%, due Oct 1, 2045 | 0.06% | 0.06% |
| SALT RIV PROJ AGRIC IMPT & PWR 5.25%, due Jan 1, 2055 | 0.06% | 0.06% |
| NEW YORK ST TWY AUTH 5%, due Sep 15, 2046 | 0.06% | 0.06% |
| MASSACHUSETTS ST TRANSN FD REV 5%, due Jun 1, 2053 | 0.10% | 0.06% |
| JEFFERSON CNTY ALA SWR REV 5.5%, due Oct 1, 2053 | 0.14% | 0.05% |
| TEXAS TRANSN FIN CORP SH 288 S, due Oct 1, 2050 | 0.16% | 0.05% |
| NEW YORK ST TWY AUTH 5%, due Jan 1, 2039 | 0.13% | 0.05% |
| NEW YORK ST TWY AUTH ST PERS I 5%, due Mar 15, 2053 | 0.14% | 0.05% |
| UNIVERSITY CALIF REVS 5.25%, due May 15, 2040 | 0.10% | 0.05% |
| NEW YORK CITY TRANSITIONAL FIN AUT 5.5%, due Nov 1, 2051 | 0.18% | 0.05% |
| TRIBOROUGH BRIDGE & TUNNEL AUTHORI 5.5%, due Dec 1, 2059 | 0.06% | 0.05% |
| NEW YORK ST DORM AUTH ST PERS 5%, due Mar 15, 2046 | 0.05% | 0.05% |
| NEW YORK ST URBAN DEV CORP REV 4%, due Mar 15, 2049 | 0.24% | 0.04% |
| JEFFERSON CNTY ALA SWR REV 5.25%, due Oct 1, 2049 | 0.17% | 0.04% |
| JEA FLA WTR & SWR SYS REV 5.25%, due Oct 1, 2055 | 0.18% | 0.04% |
| OKLAHOMA TRANSN AUTH OK F/K/A 5.5%, due Jan 1, 2053 | 0.20% | 0.04% |
| TEXAS WTR DEV BRD REV 4.75%, due Oct 15, 2050 | 0.28% | 0.04% |
| NEW YORK N Y CITY TRANSITIONAL 5%, due Nov 1, 2053 | 0.09% | 0.04% |
| CALIFORNIA ST PUB WKS BRD LEAS 5%, due Apr 1, 2049 | 0.23% | 0.04% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · LMUB holdings · VTEB holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.