VTEBvsMUBETF Comparison
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Vanguard Tax-Exempt Bond Index ETF (VTEB) and iShares National Muni Bond ETF (MUB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 3 sector exposures: and Municipal. VTEB is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.05% for MUB. VTEB is up 1.76% year-to-date (YTD) with +$2.59B in YTD flows. MUB performs worse with 1.65% YTD performance, and +$3.77B in YTD flows. Run a side-by-side ETF comparison of VTEB and MUB 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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VTEB vs MUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEB MUB | +1.56%+1.46% | +1.01%+0.90% | +1.76%+1.65% | +6.83%+6.52% | +10.61%+6.44% | +4.69%+1.16% |
| Flows | VTEB MUB | +$1.70B+$1.00B | +$3.44B+$2.25B | +$2.59B+$3.77B | +$6.79B+$5.94B | +$17.35B+$12.74B | +$33.04B+$24.67B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEB MUB | +3.07%+2.93% | +2.32%+2.19% | +3.70%+3.54% | +3.63%+3.39% |
| Max drawdown | VTEB MUB | -1.43%-1.40% | -2.65%-2.59% | -5.47%-5.81% | -12.68%-11.87% |
| Max drawdown duration | VTEB MUB | 20d20d | 109d109d | 127d349d | 1231d1665d |
Trading data
VTEB | MUB | |
Last sale 6/22/2026 at 2:22 PM | $50.43 | $107.24 |
| Previous close 06/18/2026 | $50.45 | $107.33 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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VTEB | MUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/22/2026 at 2:22 PM
Live
Closed
VTEB | MUB | |
|---|---|---|
| Last price | $50.43 | $107.24 |
| 1D performance | -0.04% | -0.09% |
| AuM | $45.29 B | $45.44 B |
| E/R | 0.03% | 0.05% |
Characteristics
VTEB | MUB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | iShares |
| Benchmark | S&P National AMT-Free Municipal Bond Index | ICE AMT-Free US National Municipal Index |
| N° of holdings | 3769 | 3104 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 21, 2015 | September 7, 2007 |
| ESG | No | No |
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Exposure
Countries
VTEB
USA
98.87%
Other
1.13%
MUB
USA
99.45%
Other
0.55%
Sectors
VTEB
Municipal
35.39%
Other
64.61%
MUB
Municipal
46.6%
Other
53.4%
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Diversification
VTEB
Total weight of top 15 holdings out of 15
1.47%
MUB
Total weight of top 15 holdings out of 15
2.14%
Top 15 holdings
Data as of April 30, 2026
VTEB
US771902JD68
0.19%
US91412HWH29
0.12%
US89602HJC25
0.11%
US19672MDH88
0.11%
California, 5.25% 1aug2032, USD
0.11%
US64972JJQ22
0.09%
US235308Y233
0.09%
US67766WV741
0.08%
US65000BW384
0.08%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.08%
US677632T926
0.08%
US64972JZB78
0.08%
US74448XCP50
0.08%
Illinois, 5% 1nov2029, USD (2017C)
0.08%
US544532QE75
0.08%
MUB
US91514ANG66
0.20%
Atlanta, 5% 1nov2040, USD (2015)
0.19%
US650028ZA41
0.16%
US79642GTU66
0.15%
US89602RPH20
0.14%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.14%
US64971XKS61
0.14%
US442378GP45
0.14%
US677632T926
0.13%
US667826HG94
0.13%
New Jersey, 5% 1jun2028, USD
0.13%
US93974EVY93
0.13%
California, 5% 1sep2031, USD
0.13%
Pennsylvania Turnpike Commission, FRN 1dec2038, USD (2019)
0.12%
US16772PEP71
0.12%
Frequently asked questions about VTEB and MUB
How have the VTEB and MUB ETFs performed in 2026?
As of June 18, 2026, VTEB is up 1.76% year-to-date (YTD), while MUB has returned 1.65%. That puts VTEB better performer ahead so far this year.
Which ETF is attracting more investor money: VTEB or MUB?
Year-to-date, the VTEB ETF saw +$2.59B in flows, compared to +$3.77B for MUB.
Which ETF is more volatile: VTEB or MUB?
Over the past year, VTEB had a volatility of 2.32%, while MUB experienced 2.19%.
Which ETF is bigger: VTEB or MUB?
As of June 18, 2026, VTEB holds $45.29 B in assets under management (AUM), while MUB manages $45.44 B.
What sectors do the VTEB and MUB ETFs invest in?
VTEB leans toward sectors like Municipal. Meanwhile, MUB focuses on Municipal.
What are the top holdings of the VTEB ETF and MUB ETF?
VTEB top holdings include US771902JD68, US91412HWH29 and US89602HJC25. MUB holds in its top three: US91514ANG66, Atlanta, 5% 1nov2040, USD (2015) and US650028ZA41.
Which ETF is more diversified: VTEB or MUB?
VTEB holds 10187 securities with 1.47% of its assets in the top 15. MUB has 6415 securities and a top 15 weight of 2.14%.
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Investing in Municipal Bond ETFs
October 24, 2022
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