TMBvsVTEIETF Comparison
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Thornburg Multi Sector Bond ETF (TMB) belongs to the Intl Aggregate Bonds segment. Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is part of the Municipal Bonds segment. TMB's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, VTEI's top sector exposures are Municipal. TMB is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.08% for VTEI. TMB is down -0.2% year-to-date (YTD) with +$198M in YTD flows. VTEI performs worse with -1.73% YTD performance, and +$1.01B in YTD flows. Run a side-by-side ETF comparison of TMB and VTEI 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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TMB vs VTEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMB VTEI | -0.09%+0.14% | -1.10%-2.64% | -0.20%-1.73% | +0.28%-1.00% | n/an/a | n/an/a |
| Flows | TMB VTEI | +$7M+$501M | +$37M+$637M | +$198M+$1.01B | +$194M+$1.17B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMB VTEI | +2.92%+4.55% | +2.60%+2.84% | n/an/a | n/an/a |
| Max drawdown | TMB VTEI | -2.30%-5.13% | -2.53%-6.13% | n/an/a | n/an/a |
| Max drawdown duration | TMB VTEI | 52d92d | 229d229d | n/an/a | n/an/a |
Trading data
TMB | VTEI | |
Last sale 10/16/2026 at 1:30 PM | $24.82 | $96.77 |
| Previous close 10/15/2026 | $24.81 | $96.79 |
| 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
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TMB
is actively managed and doesn’t replicate an indexTMB | VTEI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TMB | VTEI | |
|---|---|---|
| Last price | $24.82 | $96.77 |
| 1D performance | +0.04% | -0.02% |
| AuM | $266.36 M | $2.09 B |
| E/R | 0.55% | 0.08% |
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Exposure
Countries
TMB
USA
49.95%
Other
50.05%
VTEI
USA
53.74%
Other
46.26%
Sectors
TMB
Finance
12.66%
Sovereign
8.69%
Industrials
7.9%
Other
70.75%
VTEI
Municipal
53.74%
Other
46.26%
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Diversification
TMB
Total weight of top 15 holdings out of 15
25.83%
VTEI
Total weight of top 15 holdings out of 15
2.61%
Top 15 holdings
Data as of August 31, 2026
TMB
US91282CRF04
9.33%
USA, Notes 4.25% 30jun2033, USD (M-2033)
3.42%
Thornburg Capital Management Fund
2.90%
USA, Bonds 2.875% 15aug2045, USD
1.66%
USA, Notes 3.75% 31aug2031, USD (P-2031)
1.31%
FR RQ0146, 5.5% 1aug2056, USD (ABS)
1.14%
US3140W5WV28
1.02%
FN MA5497, 5.5% 1oct2054, USD (ABS)
0.92%
US31418D3H34
0.89%
US912803HV84
0.72%
FR SD8178, 2.5% 1nov2051, USD (ABS)
0.64%
US31418F2K27
0.57%
USA, STRIPS 0% 15may2042, USD (10957D)
0.51%
US3140XRWW19
0.40%
US142921AG08
0.38%
VTEI
US13063EUS35
0.51%
US13063EUP95
0.40%
California, 5% 1mar2035, USD
0.15%
California, 5% 1oct2035, USD
0.15%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.14%
US13063EUV63
0.14%
University of California, 5% 15may2036, USD (2025)
0.13%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.12%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.12%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2039, USD
0.12%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.12%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
Frequently asked questions about TMB and VTEI
How have the TMB and VTEI ETFs performed in 2026?
As of October 16, 2026, TMB is down -0.2% year-to-date (YTD), while VTEI has lost -1.73%. That puts TMB better performer ahead so far this year.
Which ETF is attracting more investor money: TMB or VTEI?
Year-to-date, the TMB ETF saw +$198M in flows, compared to +$1.01B for VTEI.
Which ETF is more volatile: TMB or VTEI?
Over the past year, TMB had a volatility of 2.6%, while VTEI experienced 2.84%.
Which ETF is bigger: TMB or VTEI?
As of October 16, 2026, TMB holds $266.36 M in assets under management (AUM), while VTEI manages $2.09 B.
What sectors do the TMB and VTEI ETFs invest in?
TMB leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, VTEI focuses on Municipal.
What are the top holdings of the TMB ETF and VTEI ETF?
TMB top holdings include US91282CRF04, USA, Notes 4.25% 30jun2033, USD (M-2033) and Thornburg Capital Management Fund. VTEI holds in its top three: US13063EUS35, US13063EUP95 and California, 5% 1mar2035, USD.
Which ETF is more diversified: TMB or VTEI?
TMB holds 631 securities with 25.83% of its assets in the top 15. VTEI has 6052 securities and a top 15 weight of 2.61%.
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