MUNYvsVTEBETF Comparison

ETF 1

MUNY

Vanguard New York Tax-Exempt Bond ETF

This fund is part of

Municipal Bonds

-0%

Full MUNY fund page

ETF 2

VTEB

Vanguard Tax-Exempt Bond Index ETF

This fund is part of

Municipal Bonds

-0%

Full VTEB fund page

Vanguard New York Tax-Exempt Bond ETF (MUNY) and Vanguard Tax-Exempt Bond Index ETF (VTEB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MUNY is more expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.03% for VTEB. MUNY is down -1.91% year-to-date (YTD) with +$546M in YTD flows. VTEB performs worse with -2.08% YTD performance, and +$10.89B in YTD flows. Run a side-by-side ETF comparison of MUNY 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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MUNY vs VTEB performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MUNY VTEB	-0.04%-0.21%	-3.31%-3.46%	-1.91%-2.08%	-1.39%-1.57%	n/a+10.28%	n/a+1.27%
Flows	MUNY VTEB	+$212M+$5.04B	+$277M+$7.65B	+$546M+$10.89B	+$616M+$12.82B	-+$24.62B	-+$39.99B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MUNY VTEB	+5.24%+5.28%	+3.32%+3.33%	n/a+3.84%	n/a+3.82%
Max drawdown	MUNY VTEB	-5.85%-5.92%	-6.60%-6.63%	n/a-6.63%	n/a-12.41%
Max drawdown duration	MUNY VTEB	92d92d	102d102d	n/a102d	n/a1001d

Trading data

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	MUNY	VTEB
Last sale 10/19/2026 at 2:06 PM	$98.64	$47.96
Previous close 10/16/2026	$98.68	$48.00
Consolidated volume 10/16/2026
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

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

Main metrics

Last update 10/19/2026 at 2:06 PM

Live

Closed

	MUNY	VTEB
Last price	$98.64	$47.96
1D performance	-0.05%	-0.08%
AuM	$722.39 M	$51.37 B
E/R	0.09%	0.03%

Characteristics

	MUNY	VTEB
Management strategy	Passive	Passive
Provider	Vanguard	Vanguard
Benchmark	S&P NewYork AMT-Free Municipal USD10 Million Par Bond Index	S&P National AMT-Free Municipal Bond Index
N° of holdings	1835	5200
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	May 20, 2025	August 21, 2015
ESG	No	No

More MUNY data on Trackinsight

More VTEB data on Trackinsight

Exposure

Countries

MUNY

USA

59.67%

Other

40.33%

VTEB

USA

55.18%

Other

44.82%

Sectors

MUNY

Municipal

59.67%

Other

40.33%

VTEB

Municipal

55.18%

Other

44.82%

Diversification

MUNY

Total weight of top 15 holdings out of 15

3.51%

VTEB

Total weight of top 15 holdings out of 15

1.57%

Top 15 holdings

Data as of August 31, 2026

MUNY

New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)

0.31%

Hudson Yards Infrastructure Corp., 5% 15feb2042, USD

0.29%

City of New York, FRN 1aug2044, USD

0.27%

Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)

0.27%

MTA Hudson Rail Yards Trust, 5% 15nov2056, USD (2016A)

0.25%

Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)

0.23%

MTA Hudson Rail Yards Trust, 5% 15nov2051, USD (2016A)

0.22%

Triborough Bridge and Tunnel Authority, 5% 15nov2051, USD (2021A)

0.22%

US896035CD29

0.22%

New York Transitional Finance Authority, 5% 1nov2034, USD (2026)

0.21%

US896032BB41

0.21%

Triborough Bridge and Tunnel Authority, 5% 15nov2047, USD (2017A)

0.21%

Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)

0.20%

US89602HEY99

0.20%

New York Power Authority, 4% 15nov2050, USD

0.19%

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 MUNY and VTEB

How have the MUNY and VTEB ETFs performed in 2026?

As of October 16, 2026, MUNY is down -1.91% year-to-date (YTD), while VTEB has lost -2.08%. That puts MUNY better performer ahead so far this year.

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

Year-to-date, the MUNY ETF saw +$546M in flows, compared to +$10.89B for VTEB.

Which ETF is more volatile: MUNY or VTEB?

Over the past year, MUNY had a volatility of 3.32%, while VTEB experienced 3.33%.

Which ETF is bigger: MUNY or VTEB?

As of October 16, 2026, MUNY holds $722.39 M in assets under management (AUM), while VTEB manages $51.37 B.

What sectors do the MUNY and VTEB ETFs invest in?

MUNY leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.

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

MUNY top holdings include New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), Hudson Yards Infrastructure Corp., 5% 15feb2042, USD and City of New York, FRN 1aug2044, USD. VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).

MUNYvsVTEBETF Comparison

Vanguard New York Tax-Exempt Bond ETF

Vanguard Tax-Exempt Bond Index ETF

MUNY 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 MUNY and VTEB ETFs performed in 2026?

As of October 16, 2026, MUNY is down -1.91% year-to-date (YTD), while VTEB has lost -2.08%. That puts MUNY better performer ahead so far this year.

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

Year-to-date, the MUNY ETF saw +$546M in flows, compared to +$10.89B for VTEB.

Which ETF is more volatile: MUNY or VTEB?

Over the past year, MUNY had a volatility of 3.32%, while VTEB experienced 3.33%.

Which ETF is bigger: MUNY or VTEB?

As of October 16, 2026, MUNY holds $722.39 M in assets under management (AUM), while VTEB manages $51.37 B.

What sectors do the MUNY and VTEB ETFs invest in?

MUNY leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.

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

MUNY top holdings include New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), Hudson Yards Infrastructure Corp., 5% 15feb2042, USD and City of New York, FRN 1aug2044, USD. VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).

Which ETF is more diversified: MUNY or VTEB?

MUNY holds 3643 securities with 3.51% of its assets in the top 15. VTEB has 10722 securities and a top 15 weight of 1.57%.

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