LMUBvsVTEBETF Comparison
VS
iShares Long-Term National Muni Bond ETF (LMUB) and Vanguard Tax-Exempt Bond Index ETF (VTEB) belong to the same industry segment: Municipal Bonds. LMUB's top 2 sector exposures are Municipal and Non-Corporate. In contrast, VTEB's top sector exposures are Municipal. LMUB is more expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.03% for VTEB. LMUB is down -3.54% year-to-date (YTD) with +$1.75B in YTD flows. VTEB performs better with -2.08% YTD performance, and +$10.89B in YTD flows. Run a side-by-side ETF comparison of LMUB 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
LMUB vs VTEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LMUB VTEB | -0.62%-0.21% | -5.55%-3.46% | -3.54%-2.08% | -3.10%-1.57% | n/a+10.28% | n/a+1.27% |
| Flows | LMUB VTEB | -$139M+$5.04B | +$76M+$7.65B | +$1.75B+$10.89B | +$1.75B+$12.82B | -+$24.62B | -+$39.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LMUB VTEB | +7.05%+5.28% | +4.52%+3.33% | n/a+3.84% | n/a+3.82% |
| Max drawdown | LMUB VTEB | -8.31%-5.92% | -9.29%-6.63% | n/a-6.63% | n/a-12.41% |
| Max drawdown duration | LMUB VTEB | 92d92d | 102d102d | n/a102d | n/a1001d |
Trading data
LMUB | VTEB | |
Last sale 10/16/2026 at 1:30 PM | $47.31 | $48.00 |
| Previous close 10/15/2026 | $47.28 | $47.96 |
| Consolidated volume 10/15/2026 | ||
| 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
LMUB | VTEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
LMUB | VTEB | |
|---|---|---|
| Last price | $47.31 | $48.00 |
| 1D performance | +0.06% | +0.08% |
| AuM | $1.67 B | $51.37 B |
| E/R | 0.09% | 0.03% |
Characteristics
LMUB | VTEB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Vanguard |
| Benchmark | ICE Long AMT-Free US National Municipal Index | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 408 | 5200 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 17, 2025 | August 21, 2015 |
| ESG | No | No |
Advertisement
Exposure
Countries
LMUB
USA
56.44%
Other
43.56%
VTEB
USA
55.18%
Other
44.82%
Sectors
LMUB
Municipal
53.58%
Other
46.42%
VTEB
Municipal
55.18%
Other
44.82%
Advertisement
Diversification
LMUB
Total weight of top 15 holdings out of 15
10.72%
VTEB
Total weight of top 15 holdings out of 15
1.57%
Top 15 holdings
Data as of August 31, 2026
LMUB
BlackRock Liquidity MuniCash
2.86%
Massachusetts, 5% 1oct2052, USD (2023)
0.86%
US64972JPQ57
0.63%
Oklahoma Capitol Improvement Authority, 5.25% 1jul2050, USD (2025A)
0.63%
US646039ZM26
0.61%
US70914P5R91
0.60%
US882725DA91
0.56%
US452153HP77
0.55%
US64985TGH86
0.53%
US452153PC72
0.52%
US812643C289
0.50%
Triborough Bridge and Tunnel Authority, 5% 15nov2041, USD (2026A-1)
0.48%
City of New York, 5.25% 1feb2050, USD (2025)
0.47%
US882270XW66
0.46%
Clark School District, 5% 15jun2040, USD (2026A)
0.46%
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 LMUB and VTEB
How have the LMUB and VTEB ETFs performed in 2026?
As of October 16, 2026, LMUB is down -3.54% year-to-date (YTD), while VTEB has lost -2.08%. That puts VTEB better performer ahead so far this year.
Which ETF is attracting more investor money: LMUB or VTEB?
Year-to-date, the LMUB ETF saw +$1.75B in flows, compared to +$10.89B for VTEB.
Which ETF is more volatile: LMUB or VTEB?
Over the past year, LMUB had a volatility of 4.52%, while VTEB experienced 3.33%.
Which ETF is bigger: LMUB or VTEB?
As of October 16, 2026, LMUB holds $1.67 B in assets under management (AUM), while VTEB manages $51.37 B.
What sectors do the LMUB and VTEB ETFs invest in?
LMUB leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the LMUB ETF and VTEB ETF?
LMUB top holdings include BlackRock Liquidity MuniCash, Massachusetts, 5% 1oct2052, USD (2023) and US64972JPQ57. VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).
Which ETF is more diversified: LMUB or VTEB?
LMUB holds 804 securities with 10.72% of its assets in the top 15. VTEB has 10722 securities and a top 15 weight of 1.57%.
Advertisement
Latest news about LMUB & VTEB
The Weekly ETF Market Monitor (September 28-October 2, 2026)
October 2, 2026
VTEB
A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
VTEB
Vanguard plans to launch a new short-term municipal bond ETF in 2023
December 23, 2022
VTEB
Investing in Municipal Bond ETFs
October 24, 2022
VTEB
Advertisement
Advertisement
