TPLSvsVTEBETF Comparison
VS
Thornburg Core Plus Bond ETF (TPLS) belongs to the Intl Aggregate Bonds segment. Vanguard Tax-Exempt Bond Index ETF (VTEB) is part of the Municipal Bonds segment. TPLS's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, VTEB's top sector exposures are Municipal. TPLS is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.03% for VTEB. TPLS is down -0.03% year-to-date (YTD) with -$4M in YTD flows. VTEB performs worse with -0.41% YTD performance, and +$4.80B in YTD flows. Run a side-by-side ETF comparison of TPLS 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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TPLS vs VTEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TPLS VTEB | +0.27%-0.80% | -0.38%-1.86% | -0.03%-0.41% | +2.11%+3.52% | n/a+9.36% | n/a+2.28% |
| Flows | TPLS VTEB | -+$977M | -$5M+$2.59B | -$4M+$4.80B | -$4M+$7.72B | -+$18.37B | -+$34.28B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TPLS VTEB | +3.93%+2.64% | +3.83%+2.55% | n/a+3.71% | n/a+3.67% |
| Max drawdown | TPLS VTEB | -1.90%-2.57% | -2.99%-2.65% | n/a-5.41% | n/a-12.41% |
| Max drawdown duration | TPLS VTEB | 66d59d | 186d117d | n/a275d | n/a1001d |
Trading data
TPLS | VTEB | |
Last sale 9/4/2026 at 1:30 PM | $24.68 | $48.88 |
| Previous close 09/03/2026 | $24.69 | $48.86 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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TPLS
is actively managed and doesn’t replicate an indexTPLS | 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 9/4/2026 at 1:30 PM
Live
Closed
TPLS | VTEB | |
|---|---|---|
| Last price | $24.68 | $48.88 |
| 1D performance | -0.04% | +0.04% |
| AuM | $14.79 M | $46.12 B |
| E/R | 0.45% | 0.03% |
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Exposure
Countries
TPLS
USA
56.8%
Other
43.2%
VTEB
USA
57.45%
Other
42.55%
Sectors
TPLS
Sovereign
17.15%
Finance
11.66%
Industrials
8.17%
Other
63.02%
VTEB
Municipal
57.45%
Other
42.55%
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Diversification
TPLS
Total weight of top 15 holdings out of 15
27.78%
VTEB
Total weight of top 15 holdings out of 15
1.34%
Top 15 holdings
Data as of July 31, 2026
TPLS
USA, STRIPS 0% 15may2045, USD (10958D)
8.52%
USA, STRIPS 0% 15feb2056, USD (10955D)
4.94%
Thornburg Capital Management Fund
2.56%
US693981AC68
1.63%
USA, TIPS 0.125% 15feb2051, USD
1.18%
FR SD8533, 5.5% 1may2055, USD (ABS)
1.16%
US31418EU999
1.05%
FN MA5910, 5.5% 1dec2055, USD (ABS)
1.04%
US3140XRWW19
1.03%
US3132DP3J51
0.92%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.90%
US3140W6XM92
0.73%
US00969YAA29
0.73%
US85573HAA86
0.71%
US233824AA90
0.67%
VTEB
City of New York, 5% 1aug2034, USD (2026)
0.12%
University of California, 5% 15may2036, USD (2025)
0.11%
Idaho, 4% 30jun2027, USD (2026)
0.10%
California, 5.25% 1aug2032, USD
0.10%
US574193YA01
0.09%
US650028F737
0.09%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.09%
US650028F653
0.08%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.08%
US67766WV741
0.08%
Energy Northwest, 5% 1jul2034, USD (2026-A)
0.08%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.08%
US646140KX00
0.08%
New Jersey Turnpike Authority, 5% 1jan2032, USD (2025)
0.08%
Illinois, 5% 1nov2027, USD (2017D)
0.08%
Frequently asked questions about TPLS and VTEB
How have the TPLS and VTEB ETFs performed in 2026?
As of September 3, 2026, TPLS is down -0.03% year-to-date (YTD), while VTEB has lost -0.41%. That puts TPLS better performer ahead so far this year.
Which ETF is attracting more investor money: TPLS or VTEB?
Year-to-date, the TPLS ETF saw -$4M in flows, compared to +$4.80B for VTEB.
Which ETF is more volatile: TPLS or VTEB?
Over the past year, TPLS had a volatility of 3.83%, while VTEB experienced 2.55%.
Which ETF is bigger: TPLS or VTEB?
As of September 3, 2026, TPLS holds $14.79 M in assets under management (AUM), while VTEB manages $46.12 B.
What sectors do the TPLS and VTEB ETFs invest in?
TPLS leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the TPLS ETF and VTEB ETF?
TPLS top holdings include USA, STRIPS 0% 15may2045, USD (10958D), USA, STRIPS 0% 15feb2056, USD (10955D) and Thornburg Capital Management Fund. VTEB holds in its top three: City of New York, 5% 1aug2034, USD (2026), University of California, 5% 15may2036, USD (2025) and Idaho, 4% 30jun2027, USD (2026).
Which ETF is more diversified: TPLS or VTEB?
TPLS holds 344 securities with 27.78% of its assets in the top 15. VTEB has 10658 securities and a top 15 weight of 1.34%.
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Latest news about TPLS & 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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