GBNDvsVTEBETF Comparison

ETF 1

GBND

Goldman Sachs Core Bond ETF

This fund is part of

Intl IG Bonds

-0.13%

Full GBND fund page

ETF 2

VTEB

Vanguard Tax-Exempt Bond Index ETF

This fund is part of

Municipal Bonds

+0.2%

Full VTEB fund page

Goldman Sachs Core Bond ETF (GBND) belongs to the Intl IG Bonds segment. Vanguard Tax-Exempt Bond Index ETF (VTEB) is part of the Municipal Bonds segment. GBND's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, VTEB's top sector exposures are Municipal. GBND is more expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.03% for VTEB. GBND is down -1.35% year-to-date (YTD) with +$576M in YTD flows. VTEB performs better with -1% YTD performance, and +$11.20B in YTD flows. Run a side-by-side ETF comparison of GBND and VTEB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

GBND vs VTEB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GBND VTEB	+0.69%+1.65%	-0.71%-1.15%	-1.35%-1.00%	-1.38%-0.66%	n/a+12.92%	n/a+2.65%
Flows	GBND VTEB	+$36M+$4.90B	+$107M+$8.02B	+$576M+$11.20B	+$621M+$12.73B	-+$24.55B	-+$40.40B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GBND VTEB	+4.69%+5.39%	+4.00%+3.43%	n/a+3.84%	n/a+3.83%
Max drawdown	GBND VTEB	-3.51%-5.74%	-4.97%-6.63%	n/a-6.63%	n/a-12.41%
Max drawdown duration	GBND VTEB	59d71d	236d109d	n/a109d	n/a1001d

Trading data

Create an account to view trading data

Join for free

	GBND	VTEB
Last sale 10/23/2026 at 1:30 PM	$48.78	$48.51
Previous close 10/22/2026	$48.81	$48.41
Consolidated volume 10/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

GBND

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	GBND	VTEB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	GBND	VTEB
Last price	$48.78	$48.51
1D performance	-0.06%	+0.21%
AuM	$618.74 M	$52.25 B
E/R	0.26%	0.03%

Characteristics

	GBND	VTEB
Management strategy	Active	Passive
Provider	Goldman Sachs	Vanguard
Benchmark	-	S&P National AMT-Free Municipal Bond Index
N° of holdings	581	5200
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	June 25, 2025	August 21, 2015
ESG	No	No

More GBND data on Trackinsight

More VTEB data on Trackinsight

Exposure

Countries

GBND

USA

58.43%

Other

41.57%

VTEB

USA

55.18%

Other

44.82%

Sectors

GBND

Sovereign

25.74%

Industrials

14.65%

Finance

10.26%

Other

49.35%

VTEB

Municipal

55.18%

Other

44.82%

Diversification

GBND

Total weight of top 15 holdings out of 15

35.54%

VTEB

Total weight of top 15 holdings out of 15

1.57%

Top 15 holdings

Data as of August 31, 2026

GBND

USA, Notes 3.875% 30nov2029, USD (S-2029)

6.67%

Fannie Mae or Freddie Mac TBA, 2.5% 1apr2046, USD (ABS)

4.15%

USA, Notes 3.5% 15oct2028, USD (AT-2028)

3.04%

USA, Notes 3.375% 29feb2028, USD (AY-2028)

2.84%

USA, Bonds 4.5% 15nov2054, USD

2.39%

USA, Bonds 5% 15may2056, USD

2.38%

USA, Bonds 4.25% 15aug2054, USD

2.30%

US3133QBD264

1.75%

USA, Bonds 4.875% 15aug2045, USD

1.60%

USA, Bonds 4.625% 15feb2046, USD

1.59%

FR SD8200, 2.5% 1mar2052, USD (ABS)

1.48%

US31427SSM16

1.45%

US21H0606978

1.33%

US3142GYH657

1.30%

US01F0424915

1.28%

VTEB

US13063EUN48

0.16%

US13063EUP95

0.15%

City of New York, 5% 1aug2034, USD (2026)

0.12%

University of California, 5% 15may2036, USD (2025)

0.11%

US68608JXF38

0.10%

Idaho, 4% 30jun2027, USD (2026)

0.10%

US87638QBF54

0.10%

California, 5.25% 1aug2032, USD

0.10%

US646140KX00

0.10%

New Jersey Health Care Facilities Financing Authority, 1.9% 1jul2061, USD (2026B-1)

0.10%

City of New York, 5% 1aug2032, USD (2026)

0.09%

US574193YA01

0.09%

Wisconsin, 5% 1may2038, USD (2026)

0.09%

Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)

0.08%

Dallas Independent School District, 5% 15feb2056, USD (2026B)

0.08%

Frequently asked questions about GBND and VTEB

How have the GBND and VTEB ETFs performed in 2026?

As of October 23, 2026, GBND is down -1.35% year-to-date (YTD), while VTEB has lost -1%. That puts VTEB better performer ahead so far this year.

Which ETF is attracting more investor money: GBND or VTEB?

Year-to-date, the GBND ETF saw +$576M in flows, compared to +$11.20B for VTEB.

Which ETF is more volatile: GBND or VTEB?

Over the past year, GBND had a volatility of 4%, while VTEB experienced 3.43%.

Which ETF is bigger: GBND or VTEB?

As of October 23, 2026, GBND holds $618.74 M in assets under management (AUM), while VTEB manages $52.25 B.

What sectors do the GBND and VTEB ETFs invest in?

GBND leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, VTEB focuses on Municipal.

What are the top holdings of the GBND ETF and VTEB ETF?

GBND top holdings include USA, Notes 3.875% 30nov2029, USD (S-2029), Fannie Mae or Freddie Mac TBA, 2.5% 1apr2046, USD (ABS) and USA, Notes 3.5% 15oct2028, USD (AT-2028). VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).

GBNDvsVTEBETF Comparison

Goldman Sachs Core Bond ETF

Vanguard Tax-Exempt Bond Index ETF

GBND vs VTEB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GBND and VTEB ETFs performed in 2026?

As of October 23, 2026, GBND is down -1.35% year-to-date (YTD), while VTEB has lost -1%. That puts VTEB better performer ahead so far this year.

Which ETF is attracting more investor money: GBND or VTEB?

Year-to-date, the GBND ETF saw +$576M in flows, compared to +$11.20B for VTEB.

Which ETF is more volatile: GBND or VTEB?

Over the past year, GBND had a volatility of 4%, while VTEB experienced 3.43%.

Which ETF is bigger: GBND or VTEB?

As of October 23, 2026, GBND holds $618.74 M in assets under management (AUM), while VTEB manages $52.25 B.

What sectors do the GBND and VTEB ETFs invest in?

GBND leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, VTEB focuses on Municipal.

What are the top holdings of the GBND ETF and VTEB ETF?

GBND top holdings include USA, Notes 3.875% 30nov2029, USD (S-2029), Fannie Mae or Freddie Mac TBA, 2.5% 1apr2046, USD (ABS) and USA, Notes 3.5% 15oct2028, USD (AT-2028). VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).

Which ETF is more diversified: GBND or VTEB?

GBND holds 733 securities with 35.54% of its assets in the top 15. VTEB has 10722 securities and a top 15 weight of 1.57%.

The Weekly ETF Market Monitor (September 28-October 2, 2026)

Ask the Manager: Marissa Ansell on the Opportunity in Active Fixed Income ETFs

Goldman Sachs Asset Management Strengthens Active Fixed Income Offering with GBND and GIGL

A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF

Vanguard plans to launch a new short-term municipal bond ETF in 2023

Vanguard plans to launch a new short-term municipal bond ETF in 2023

Investing in Municipal Bond ETFs

ETFs’ Next Act: From Access to Selection