MUBvsVTEBETF Comparison
VS
iShares National Muni Bond ETF (MUB) and Vanguard Tax-Exempt Bond Index ETF (VTEB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 3 sector exposures: and Municipal. MUB is more expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.03% for VTEB. MUB is up 1.65% year-to-date (YTD) with +$3.77B in YTD flows. VTEB performs better with 1.76% YTD performance, and +$2.59B in YTD flows. Run a side-by-side ETF comparison of MUB 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.
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MUB vs VTEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUB VTEB | +1.46%+1.56% | +0.90%+1.01% | +1.65%+1.76% | +6.52%+6.83% | +6.44%+10.61% | +1.16%+4.69% |
| Flows | MUB VTEB | +$1.00B+$1.70B | +$2.25B+$3.44B | +$3.77B+$2.59B | +$5.94B+$6.79B | +$12.74B+$17.35B | +$24.67B+$33.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUB VTEB | +2.93%+3.07% | +2.19%+2.32% | +3.54%+3.70% | +3.39%+3.63% |
| Max drawdown | MUB VTEB | -1.40%-1.43% | -2.59%-2.65% | -5.81%-5.47% | -11.87%-12.68% |
| Max drawdown duration | MUB VTEB | 20d20d | 109d109d | 349d127d | 1665d1231d |
Trading data
MUB | VTEB | |
Last sale 6/18/2026 at 1:30 PM | $107.33 | $50.45 |
| Previous close 06/18/2026 | $106.98 | $50.29 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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MUB | VTEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
MUB | VTEB | |
|---|---|---|
| Last price | $107.33 | $50.45 |
| 1D performance | +0.33% | +0.32% |
| AuM | $45.44 B | $45.29 B |
| E/R | 0.05% | 0.03% |
Characteristics
MUB | VTEB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Vanguard |
| Benchmark | ICE AMT-Free US National Municipal Index | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 3104 | 3769 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 7, 2007 | August 21, 2015 |
| ESG | No | No |
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Exposure
Countries
MUB
USA
99.45%
Other
0.55%
VTEB
USA
98.87%
Other
1.13%
Sectors
MUB
Municipal
46.6%
Other
53.4%
VTEB
Municipal
35.39%
Other
64.61%
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Diversification
MUB
Total weight of top 15 holdings out of 15
2.14%
VTEB
Total weight of top 15 holdings out of 15
1.47%
Top 15 holdings
Data as of April 30, 2026
MUB
US91514ANG66
0.20%
Atlanta, 5% 1nov2040, USD (2015)
0.19%
US650028ZA41
0.16%
US79642GTU66
0.15%
US89602RPH20
0.14%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.14%
US64971XKS61
0.14%
US442378GP45
0.14%
US677632T926
0.13%
US667826HG94
0.13%
New Jersey, 5% 1jun2028, USD
0.13%
US93974EVY93
0.13%
California, 5% 1sep2031, USD
0.13%
Pennsylvania Turnpike Commission, FRN 1dec2038, USD (2019)
0.12%
US16772PEP71
0.12%
VTEB
US771902JD68
0.19%
US91412HWH29
0.12%
US89602HJC25
0.11%
US19672MDH88
0.11%
California, 5.25% 1aug2032, USD
0.11%
US64972JJQ22
0.09%
US235308Y233
0.09%
US67766WV741
0.08%
US65000BW384
0.08%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.08%
US677632T926
0.08%
US64972JZB78
0.08%
US74448XCP50
0.08%
Illinois, 5% 1nov2029, USD (2017C)
0.08%
US544532QE75
0.08%
Frequently asked questions about MUB and VTEB
How have the MUB and VTEB ETFs performed in 2026?
As of June 18, 2026, MUB is up 1.65% year-to-date (YTD), while VTEB has returned 1.76%. That puts VTEB better performer ahead so far this year.
Which ETF is attracting more investor money: MUB or VTEB?
Year-to-date, the MUB ETF saw +$3.77B in flows, compared to +$2.59B for VTEB.
Which ETF is more volatile: MUB or VTEB?
Over the past year, MUB had a volatility of 2.19%, while VTEB experienced 2.32%.
Which ETF is bigger: MUB or VTEB?
As of June 18, 2026, MUB holds $45.44 B in assets under management (AUM), while VTEB manages $45.29 B.
What sectors do the MUB and VTEB ETFs invest in?
MUB leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the MUB ETF and VTEB ETF?
MUB top holdings include US91514ANG66, Atlanta, 5% 1nov2040, USD (2015) and US650028ZA41. VTEB holds in its top three: US771902JD68, US91412HWH29 and US89602HJC25.
Which ETF is more diversified: MUB or VTEB?
MUB holds 6415 securities with 2.14% of its assets in the top 15. VTEB has 10187 securities and a top 15 weight of 1.47%.
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December 23, 2022
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Investing in Municipal Bond ETFs
October 24, 2022
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