NBTRvsVTECETF Comparison
VS
Neuberger Berman Total Return Bond ETF (NBTR) belongs to the US Aggregate Bonds segment. Vanguard California Tax-Exempt Bond ETF (VTEC) is part of the Municipal Bonds segment. NBTR's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, VTEC's top sector exposures are Municipal. NBTR is more expensive with a Total Expense Ratio (TER) of 0.94%, versus 0.06% for VTEC. NBTR is down -1.71% year-to-date (YTD) with +$6M in YTD flows. VTEC performs worse with -2.37% YTD performance, and +$2.54B in YTD flows. Run a side-by-side ETF comparison of NBTR and VTEC 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
NBTR vs VTEC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NBTR VTEC | -0.50%-0.33% | -2.08%-3.44% | -1.71%-2.37% | -1.62%-1.74% | n/an/a | n/an/a |
| Flows | NBTR VTEC | +$2M+$796M | +$5M+$1.28B | +$6M+$2.54B | +$9M+$2.89B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NBTR VTEC | +4.00%+4.94% | +3.48%+3.13% | n/an/a | n/an/a |
| Max drawdown | NBTR VTEC | -3.27%-5.76% | -4.41%-6.50% | n/an/a | n/an/a |
| Max drawdown duration | NBTR VTEC | 52d92d | 229d229d | n/an/a | n/an/a |
Trading data
NBTR | VTEC | |
Last sale 10/16/2026 at 1:30 PM | $48.03 | $95.41 |
| Previous close 10/15/2026 | $48.07 | $95.36 |
| 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
NBTR
is actively managed and doesn’t replicate an indexNBTR | VTEC | |
|---|---|---|
| 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
NBTR | VTEC | |
|---|---|---|
| Last price | $48.03 | $95.41 |
| 1D performance | -0.09% | +0.05% |
| AuM | $57.55 M | $4.15 B |
| E/R | 0.94% | 0.06% |
Characteristics
NBTR | VTEC | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Neuberger Berman | Vanguard |
| Benchmark | - | S&P California AMT-Free Municipal Bond Index |
| N° of holdings | 278 | 1739 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 17, 2024 | January 30, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
NBTR
USA
57.91%
Other
42.09%
VTEC
USA
60.82%
Other
39.18%
Sectors
NBTR
Sovereign
23.09%
Industrials
12.22%
Finance
9.69%
Other
55.01%
VTEC
Municipal
60.82%
Other
39.18%
Diversification
NBTR
Total weight of top 15 holdings out of 15
20.04%
VTEC
Total weight of top 15 holdings out of 15
4.13%
Top 15 holdings
Data as of August 31, 2026
NBTR
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.73%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.99%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.91%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.77%
USA, Notes 3.625% 31dec2030, USD (AH-2030)
1.68%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.50%
USA, Notes 4.25% 30jun2033, USD (M-2033)
1.16%
USA, Bonds 5% 15may2056, USD
1.12%
USA, Notes 4.625% 15feb2035, USD (B-2035)
1.02%
USA, Notes 2.875% 15may2028, USD (C-2028)
0.95%
US13877LAS51
0.91%
Aimco CLO 2017-AA, FRN 20jan2038, USD (ABS, AR2)
0.91%
USA, Bonds 4% 15nov2052, USD
0.83%
US3132DWJR51
0.81%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.78%
VTEC
University of California, FRN 15may2048, USD (2013)
0.52%
University of California, 5% 15may2036, USD (2025)
0.44%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.33%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.31%
US072024YF30
0.29%
US91412HWB58
0.27%
US544647HQ66
0.23%
Foothill/Eastern Transportation Corridor Agency, 4% 15jan2046, USD (2021A)
0.23%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.23%
University of California, 5% 15may2032, USD (2022)
0.23%
US13063EUR51
0.22%
US13063EUX20
0.22%
Irvine Ranch Water District, FRN 1oct2041, USD (2009A)
0.21%
Los Angeles Department of Water and Power, 5% 1jul2028, USD (2025)
0.21%
California, 5.25% 1aug2032, USD
0.20%
Frequently asked questions about NBTR and VTEC
How have the NBTR and VTEC ETFs performed in 2026?
As of October 16, 2026, NBTR is down -1.71% year-to-date (YTD), while VTEC has lost -2.37%. That puts NBTR better performer ahead so far this year.
Which ETF is attracting more investor money: NBTR or VTEC?
Year-to-date, the NBTR ETF saw +$6M in flows, compared to +$2.54B for VTEC.
Which ETF is more volatile: NBTR or VTEC?
Over the past year, NBTR had a volatility of 3.48%, while VTEC experienced 3.13%.
Which ETF is bigger: NBTR or VTEC?
As of October 16, 2026, NBTR holds $57.55 M in assets under management (AUM), while VTEC manages $4.15 B.
What sectors do the NBTR and VTEC ETFs invest in?
NBTR leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, VTEC focuses on Municipal.
What are the top holdings of the NBTR ETF and VTEC ETF?
NBTR top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.375% 15may2036, USD (C-2036) and USA, Notes 4.125% 31jul2028, USD (AB-2028). VTEC holds in its top three: University of California, FRN 15may2048, USD (2013), University of California, 5% 15may2036, USD (2025) and Los Angeles Unified School District, 5% 1jul2034, USD (2024A).
Which ETF is more diversified: NBTR or VTEC?
NBTR holds 444 securities with 20.04% of its assets in the top 15. VTEC has 3916 securities and a top 15 weight of 4.13%.
Advertisement
Advertisement
