TFI vs VTEB
State Street SPDR Nuveen ICE 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
8%
646 shared positions
Fee gap
20 bp
VTEB is cheaper
1-year return gap
0.6 pts
VTEB is ahead
Larger fund
VTEB
$50.4B
Side by side
| TFI | VTEB | |
|---|---|---|
| Fund | State Street SPDR Nuveen ICE Municipal Bond ETF | Vanguard Tax-Exempt Bond Index Fund |
| Issuer | State Street SPDR | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.23% | 0.03% |
| Assets | $2.9B | $50.4B |
| Average daily dollar volume | $73M | $1.6B |
| Listed | Sep 11, 2007 | Aug 21, 2015 |
| FrenzyCap score | 82 | 100 |
| 1-month return | −0.5% | −0.4% |
| 3-month return | −3.3% | −3.0% |
| Year to date | −5.2% | −4.5% |
| 1-year return | −5.6% | −5.0% |
| 30-day volatility | 6.7% | 6.5% |
| Worst drawdown, 1 year | −8.8% | −8.2% |
| Trailing 12-month yield | 3.73% | 3.54% |
| Holdings | 2,026 | 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 | +$54M thru Jun 2026 | +$3.6B thru Jul 2026 |
| 30-day implied volatility | 6.3% | 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
33% of TFI · 9% of VTEB| Holding | TFI | VTEB |
|---|---|---|
| TRBTRN 5.250 05/15/64, due May 15, 2064 | 0.07% | 0.06% |
| ATRTRN 5.000 10/01/32, due Oct 1, 2032 | 0.12% | 0.06% |
| LOSUTL 5.000 07/01/30, due Jul 1, 2030 | 0.06% | 0.06% |
| NJSTRN 5.500 06/15/54, due Jun 15, 2054 | 0.06% | 0.07% |
| NJS 5.000 06/01/29, due Jun 1, 2029 | 0.07% | 0.06% |
| TRBTRN 5.000 05/15/51, due May 15, 2051 | 0.07% | 0.06% |
| ORSTRN 5.000 11/15/33, due Nov 15, 2033 | 0.08% | 0.05% |
| NJS 4.000 06/01/30, due Jun 1, 2030 | 0.05% | 0.06% |
| NYCGEN 5.000 11/01/33, due Nov 1, 2033 | 0.05% | 0.06% |
| MTATRN 5.000 11/15/36, due Nov 15, 2036 | 0.07% | 0.05% |
| NWTSCD 5.000 02/15/49, due Feb 15, 2049 | 0.10% | 0.05% |
| TXSWTR 4.000 10/15/43, due Oct 15, 2043 | 0.05% | 0.05% |
| NYSHGR 5.000 03/15/46, due Mar 15, 2046 | 0.07% | 0.05% |
| UNVHGR 5.250 11/15/39, due Nov 15, 2039 | 0.06% | 0.05% |
| PRIHGR 5.000 09/01/33, due Sep 1, 2033 | 0.07% | 0.04% |
| NYSDEV 4.000 03/15/49, due Mar 15, 2049 | 0.06% | 0.04% |
| UNVHGR 5.250 05/15/38, due May 15, 2038 | 0.14% | 0.04% |
| OKSTRN 5.500 01/01/53, due Jan 1, 2053 | 0.08% | 0.04% |
| CASEDU 5.000 10/01/55, due Oct 1, 2055 | 0.05% | 0.04% |
| MAS 5.000 02/01/37, due Feb 1, 2037 | 0.06% | 0.04% |
| NYC 5.000 08/01/31, due Aug 1, 2031 | 0.08% | 0.04% |
| UMAFAC 5.000 11/01/52, due Nov 1, 2052 | 0.05% | 0.04% |
| TRBTRN 5.250 05/15/59, due May 15, 2059 | 0.07% | 0.04% |
| JEFUTL 5.500 10/01/53, due Oct 1, 2053 | 0.04% | 0.05% |
| LOSUTL 5.000 07/01/36, due Jul 1, 2036 | 0.04% | 0.04% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · TFI 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.