TPLSvsVTECETF Comparison
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Thornburg Core Plus Bond ETF (TPLS) belongs to the Intl Aggregate Bonds segment. Vanguard California Tax-Exempt Bond ETF (VTEC) is part of the Municipal Bonds segment. TPLS's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, VTEC's top sector exposures are Municipal. TPLS is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.06% for VTEC. TPLS is down -1.27% year-to-date (YTD) with +$2M 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 TPLS 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.
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TPLS 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. | TPLS VTEC | -0.29%-0.33% | -1.61%-3.44% | -1.27%-2.37% | -1.42%-1.74% | n/an/a | n/an/a |
| Flows | TPLS VTEC | +$6M+$796M | +$6M+$1.28B | +$2M+$2.54B | +$2M+$2.89B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TPLS VTEC | +4.34%+4.94% | +3.95%+3.13% | n/an/a | n/an/a |
| Max drawdown | TPLS VTEC | -3.17%-5.76% | -4.59%-6.50% | n/an/a | n/an/a |
| Max drawdown duration | TPLS VTEC | 52d92d | 229d229d | n/an/a | n/an/a |
Trading data
TPLS | VTEC | |
Last sale 10/16/2026 at 1:30 PM | $24.26 | $95.41 |
| Previous close 10/15/2026 | $24.23 | $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
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TPLS
is actively managed and doesn’t replicate an indexTPLS | VTEC | |
|---|---|---|
| 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
TPLS | VTEC | |
|---|---|---|
| Last price | $24.26 | $95.41 |
| 1D performance | +0.12% | +0.05% |
| AuM | $20.38 M | $4.15 B |
| E/R | 0.45% | 0.06% |
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Exposure
Countries
TPLS
USA
56.46%
Other
43.54%
VTEC
USA
60.82%
Other
39.18%
Sectors
TPLS
Sovereign
16.96%
Finance
11.36%
Industrials
7.18%
Other
64.5%
VTEC
Municipal
60.82%
Other
39.18%
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Diversification
TPLS
Total weight of top 15 holdings out of 15
29.4%
VTEC
Total weight of top 15 holdings out of 15
4.13%
Top 15 holdings
Data as of August 31, 2026
TPLS
USA, STRIPS 0% 15may2045, USD (10958D)
8.61%
USA, STRIPS 0% 15feb2056, USD (10955D)
4.61%
Thornburg Capital Management Fund
3.80%
US31427NEK19
2.04%
US693981AC68
1.61%
USA, TIPS 0.125% 15feb2051, USD
1.21%
FR SD8533, 5.5% 1may2055, USD (ABS)
1.16%
US31418EU999
1.05%
US3132DP3J51
0.93%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.91%
US3140W6XM92
0.73%
US00969YAA29
0.72%
US233824AA90
0.68%
US19688RAF64
0.68%
US85573HAA86
0.67%
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 TPLS and VTEC
How have the TPLS and VTEC ETFs performed in 2026?
As of October 16, 2026, TPLS is down -1.27% year-to-date (YTD), while VTEC has lost -2.37%. That puts TPLS better performer ahead so far this year.
Which ETF is attracting more investor money: TPLS or VTEC?
Year-to-date, the TPLS ETF saw +$2M in flows, compared to +$2.54B for VTEC.
Which ETF is more volatile: TPLS or VTEC?
Over the past year, TPLS had a volatility of 3.95%, while VTEC experienced 3.13%.
Which ETF is bigger: TPLS or VTEC?
As of October 16, 2026, TPLS holds $20.38 M in assets under management (AUM), while VTEC manages $4.15 B.
What sectors do the TPLS and VTEC ETFs invest in?
TPLS leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, VTEC focuses on Municipal.
What are the top holdings of the TPLS ETF and VTEC ETF?
TPLS top holdings include USA, STRIPS 0% 15may2045, USD (10958D), USA, STRIPS 0% 15feb2056, USD (10955D) and Thornburg Capital Management Fund. 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: TPLS or VTEC?
TPLS holds 344 securities with 29.4% of its assets in the top 15. VTEC has 3916 securities and a top 15 weight of 4.13%.
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