TOTRvsVTEBETF Comparison
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T. Rowe Price Total Return ETF (TOTR) belongs to the Intl Aggregate Bonds segment. Vanguard Tax-Exempt Bond Index ETF (VTEB) is part of the Municipal Bonds segment. TOTR's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, VTEB's top sector exposures are Municipal. TOTR is more expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.03% for VTEB. TOTR is down -1.68% year-to-date (YTD) with +$56M 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 TOTR 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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TOTR vs VTEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TOTR VTEB | -0.51%-0.21% | -2.06%-3.46% | -1.68%-2.08% | -1.14%-1.57% | +16.60%+10.28% | -7.35%+1.27% |
| Flows | TOTR VTEB | +$11M+$5.04B | +$14M+$7.65B | +$56M+$10.89B | +$63M+$12.82B | +$489M+$24.62B | +$583M+$39.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TOTR VTEB | +4.38%+5.28% | +3.77%+3.33% | +4.81%+3.84% | +5.89%+3.82% |
| Max drawdown | TOTR VTEB | -3.49%-5.92% | -4.60%-6.63% | -4.60%-6.63% | -22.46%-12.41% |
| Max drawdown duration | TOTR VTEB | 51d92d | 228d102d | 228d102d | 1801d1001d |
Trading data
TOTR | VTEB | |
Last sale 10/16/2026 at 1:30 PM | $38.51 | $48.00 |
| Previous close 10/15/2026 | $38.57 | $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
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TOTR
is actively managed and doesn’t replicate an indexTOTR | 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 10/16/2026 at 1:30 PM
Live
Closed
TOTR | VTEB | |
|---|---|---|
| Last price | $38.51 | $48.00 |
| 1D performance | -0.16% | +0.08% |
| AuM | $572.07 M | $51.37 B |
| E/R | 0.31% | 0.03% |
Characteristics
TOTR | VTEB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Vanguard |
| Benchmark | - | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 522 | 5200 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 28, 2021 | August 21, 2015 |
| ESG | No | No |
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Exposure
Countries
TOTR
USA
48.76%
Other
51.24%
VTEB
USA
55.18%
Other
44.82%
Sectors
TOTR
Sovereign
24.74%
Industrials
11.48%
Finance
7.16%
Other
56.62%
VTEB
Municipal
55.18%
Other
44.82%
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Diversification
TOTR
Total weight of top 15 holdings out of 15
20.22%
VTEB
Total weight of top 15 holdings out of 15
1.57%
Top 15 holdings
Data as of August 31, 2026
TOTR
USA, Bonds 4.125% 15aug2044, USD
2.69%
USA, Notes 4.375% 31jan2032, USD (G-2032)
1.89%
USA, Notes 4.125% 29feb2032, USD (H-2032)
1.86%
USA, Bonds 4.25% 15aug2054, USD
1.81%
USA, Bonds 4.75% 15feb2045, USD
1.63%
USA, Bonds 4.625% 15feb2055, USD
1.61%
USA, Notes 4.5% 31dec2031, USD (T-2031)
1.30%
FN MA4492, 2% 1dec2051, USD (ABS)
1.04%
USA, Notes 4.125% 31jul2031, USD (N-2031)
1.02%
USA, Bonds 4.625% 15nov2044, USD
1.01%
USA, Bonds 4.625% 15nov2055, USD
0.98%
US01F0206957
0.92%
US01F0526982
0.86%
US21H0226975
0.80%
Fannie Mae or Freddie Mac TBA, 2.5% 1apr2046, USD (ABS)
0.78%
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 TOTR and VTEB
How have the TOTR and VTEB ETFs performed in 2026?
As of October 15, 2026, TOTR is down -1.68% year-to-date (YTD), while VTEB has lost -2.08%. That puts TOTR better performer ahead so far this year.
Which ETF is attracting more investor money: TOTR or VTEB?
Year-to-date, the TOTR ETF saw +$56M in flows, compared to +$10.89B for VTEB.
Which ETF is more volatile: TOTR or VTEB?
Over the past year, TOTR had a volatility of 3.77%, while VTEB experienced 3.33%.
Which ETF is bigger: TOTR or VTEB?
As of October 15, 2026, TOTR holds $572.07 M in assets under management (AUM), while VTEB manages $51.37 B.
What sectors do the TOTR and VTEB ETFs invest in?
TOTR leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the TOTR ETF and VTEB ETF?
TOTR top holdings include USA, Bonds 4.125% 15aug2044, USD, USA, Notes 4.375% 31jan2032, USD (G-2032) and USA, Notes 4.125% 29feb2032, USD (H-2032). VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).
Which ETF is more diversified: TOTR or VTEB?
TOTR holds 1174 securities with 20.22% of its assets in the top 15. VTEB has 10722 securities and a top 15 weight of 1.57%.
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Latest news about TOTR & 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
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