VTEB vs VTEI
Vanguard Tax-Exempt Bond Index Fund against Vanguard Intermediate-Term Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
29%
4518 shared positions
Fee gap
5 bp
VTEB is cheaper
1-year return gap
1.0 pts
VTEI is ahead
Larger fund
VTEB
$50.4B
Side by side
| VTEB | VTEI | |
|---|---|---|
| Fund | Vanguard Tax-Exempt Bond Index Fund | Vanguard Intermediate-Term Tax-Exempt Bond ETF |
| Issuer | Vanguard | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.03% | 0.08% |
| Assets | $50.4B | $1.5B |
| Average daily dollar volume | $1.6B | $53M |
| Listed | Aug 21, 2015 | Jan 29, 2024 |
| FrenzyCap score | 100 | 91 |
| 1-month return | −0.4% | +0.1% |
| 3-month return | −3.0% | −2.2% |
| Year to date | −4.5% | −4.0% |
| 1-year return | −5.0% | −4.0% |
| 30-day volatility | 6.5% | 5.5% |
| Worst drawdown, 1 year | −8.2% | −7.8% |
| Trailing 12-month yield | 3.54% | 3.22% |
| Holdings | 11,156 | 6,663 |
| Top 10 weight | 1.2% | 2.1% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$3.6B thru Jul 2026 | +$206M thru Jul 2026 |
| 30-day implied volatility | 6.2% | 15.9% |
| Holdings as of | as of Sep 30, 2026issuer data | as of Oct 20, 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
42% of VTEB · 71% of VTEI| Holding | VTEB | VTEI |
|---|---|---|
| State of California 5%, due Aug 1, 2029 | 0.14% | 0.28% |
| Ohio State University/The 5%, due Jun 1, 2035 | 0.12% | 0.18% |
| University of California 5%, due May 15, 2036 | 0.10% | 0.10% |
| State of Idaho 4%, due Jun 30, 2027 | 0.10% | 0.10% |
| Dallas Independent School District 5%, due Feb 15, 2056 | 0.09% | 0.13% |
| Texas Department of Transportation State Highway Fund 5%, due Apr 1, 2032 | 0.09% | 0.09% |
| New Jersey Educational Facilities Authority 5%, due Jul 1, 2064 | 0.08% | 0.11% |
| New Jersey Turnpike Authority 5%, due Jan 1, 2054 | 0.08% | 0.07% |
| Ohio Water Development Authority Water Pollution Control Loan Fund 5%, due Dec 1, 2035 | 0.07% | 0.08% |
| Tohopekaliga Water Authority 5%, due Oct 1, 2030 | 0.07% | 0.16% |
| State of Illinois 5%, due Nov 1, 2029 | 0.07% | 0.07% |
| State of Wisconsin 5%, due May 1, 2038 | 0.10% | 0.07% |
| University of California 5%, due May 15, 2030 | 0.06% | 0.07% |
| Alabama Toll Road Bridge and Tunnel Authority 5%, due Oct 1, 2032 | 0.06% | 0.10% |
| Los Angeles Department of Water & Power Water System Revenue 5%, due Jan 1, 2030 | 0.07% | 0.06% |
| State of New Jersey 4%, due Jun 1, 2030 | 0.06% | 0.11% |
| State of California 5%, due Aug 1, 2030 | 0.06% | 0.10% |
| State of New Jersey 5%, due Jun 1, 2029 | 0.06% | 0.09% |
| New Jersey Turnpike Authority 5%, due Jan 1, 2032 | 0.06% | 0.06% |
| New York State Thruway Authority 5%, due Sep 15, 2046 | 0.06% | 0.07% |
| Massachusetts Development Finance Agency 5%, due Feb 15, 2033 | 0.06% | 0.06% |
| Illinois State Toll Highway Authority 5%, due Jan 1, 2045 | 0.10% | 0.06% |
| Chicago Board of Education Dedicated Capital Improvement Tax 6%, due Apr 1, 2046 | 0.05% | 0.10% |
| Bay Area Toll Authority 5%, due Apr 1, 2061 | 0.05% | 0.11% |
| New York State Thruway Authority 5%, due Sep 15, 2034 | 0.07% | 0.05% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · VTEB holdings · VTEI 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.