SCMB vs VTEB
Schwab Municipal 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
29%
4677 shared positions
Fee gap
0 bp
same fee
1-year return gap
0.4 pts
VTEB is ahead
Larger fund
VTEB
$50.4B
Side by side
| SCMB | VTEB | |
|---|---|---|
| Fund | Schwab Municipal Bond ETF | Vanguard Tax-Exempt Bond Index Fund |
| Issuer | Schwab | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.03% | 0.03% |
| Assets | $4.0B | $50.4B |
| Average daily dollar volume | $157M | $1.6B |
| Listed | Oct 11, 2022 | Aug 21, 2015 |
| FrenzyCap score | 99 | 100 |
| 1-month return | −0.2% | −0.6% |
| 3-month return | −3.7% | −3.7% |
| Year to date | −5.0% | −4.6% |
| 1-year return | −5.4% | −5.0% |
| 30-day volatility | 7.1% | 6.7% |
| Worst drawdown, 1 year | −8.7% | −8.2% |
| Trailing 12-month yield | 3.75% | 3.54% |
| Holdings | 6,845 | 11,156 |
| Top 10 weight | 1.9% | 1.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$390M thru Jun 2026 | +$3.6B thru Jul 2026 |
| 30-day implied volatility | — | 5.7% |
| Holdings as of | as of Jun 30, 2026SEC filing | 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
75% of SCMB · 46% of VTEB| Holding | SCMB | VTEB |
|---|---|---|
| New York State Dormitory Authority 5.5%, due Jul 1, 2054 | 0.08% | 0.13% |
| Ohio State University/The 5%, due Jun 1, 2035 | 0.07% | 0.12% |
| Salt River Project Agricultural Improvement & Power District 5.25%, due Jan 1, 2055 | 0.07% | 0.06% |
| New York City Municipal Water Finance Authority 5.25%, due Jun 15, 2055 | 0.06% | 0.06% |
| Triborough Bridge & Tunnel Authority 5.25%, due May 15, 2054 | 0.09% | 0.06% |
| State of Illinois 5%, due Nov 1, 2029 | 0.06% | 0.07% |
| Los Angeles Department of Water & Power 5%, due Jul 1, 2030 | 0.05% | 0.06% |
| State of New Jersey 5%, due Jun 1, 2029 | 0.05% | 0.06% |
| State of Texas 5%, due Oct 1, 2029 | 0.08% | 0.05% |
| Chicago Board of Education Dedicated Capital Improvement Tax 6%, due Apr 1, 2046 | 0.05% | 0.05% |
| New Jersey Transportation Trust Fund Authority 5%, due Jun 15, 2055 | 0.08% | 0.05% |
| Triborough Bridge & Tunnel Authority 5%, due May 15, 2051 | 0.05% | 0.06% |
| State of New Jersey 4%, due Jun 1, 2030 | 0.05% | 0.06% |
| County of Jefferson AL Sewer Revenue 5.5%, due Oct 1, 2053 | 0.06% | 0.05% |
| Massachusetts Development Finance Agency 5%, due Feb 15, 2034 | 0.10% | 0.05% |
| State of Oregon Department of Transportation 5%, due Nov 15, 2033 | 0.14% | 0.05% |
| California Educational Facilities Authority 5%, due May 1, 2049 | 0.06% | 0.05% |
| New York State Dormitory Authority 4%, due Feb 15, 2047 | 0.06% | 0.05% |
| Los Angeles Unified School District/CA 5%, due Jul 1, 2033 | 0.14% | 0.05% |
| New Jersey Transportation Trust Fund Authority 5%, due Jun 15, 2034 | 0.07% | 0.05% |
| State of New Jersey 5%, due Jun 1, 2028 | 0.05% | 0.05% |
| State of California 5%, due Aug 1, 2030 | 0.13% | 0.05% |
| Texas Transportation Finance Corp 5%, due Oct 1, 2050 | 0.05% | 0.05% |
| Los Angeles Unified School District/CA 5%, due Jul 1, 2032 | 0.07% | 0.05% |
| University of California 5%, due May 15, 2030 | 0.05% | 0.06% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · SCMB 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.