Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MUB vs VTEB: how they differ
MUB and VTEB hold 27% of their weight in the same names.
iShares National Muni Bond ETF and Vanguard Tax-Exempt Bond Index Fund.
What they hold in common
By the books each fund has filed, MUB and VTEB hold 27% of their money in the same securities at the same weight.
| Holding | MUB | VTEB |
|---|---|---|
| New York State Dormitory Authority | 0.14% | 0.09% |
| Ohio State University (The) | 0.13% | 0.08% |
| New York State Dormitory Authority | 0.08% | 0.09% |
| State of Illinois | 0.11% | 0.07% |
| Triborough Bridge & Tunnel Authority | 0.09% | 0.07% |
| Houston Higher Education Finance Corp. | 0.13% | 0.06% |
| New Jersey Educational Facilities Author | 0.11% | 0.06% |
| Empire State Development Corp. | 0.09% | 0.06% |
| State of Maryland Department of Transpor | 0.06% | 0.06% |
| Los Angeles Unified School District | 0.06% | 0.06% |
| New York City Transitional Finance Autho | 0.06% | 0.07% |
| State of New Jersey | 0.13% | 0.06% |
| Only in MUB | Only in VTEB |
|---|---|
| Board of Regents of the University of Te 0.20% | Triborough Bridge & Tunnel Authority 0.12% |
| State of California 0.13% | Colorado State Education Loan Program 0.11% |
| Washoe County School District 0.12% | New York City Transitional Finance Autho 0.09% |
| Commonwealth of Massachusetts 0.11% | Public Finance Authority 0.08% |
| City of Colorado Springs Utilities Syste 0.10% | New Hampshire Municipal Bond Bank 0.08% |
| San Diego Unified School District 0.10% | Los Angeles Unified School District/CA 0.07% |
| Triborough Bridge & Tunnel Authority 0.10% | New Jersey Transportation Trust Fund Aut 0.07% |
| Commonwealth of Pennsylvania 0.09% | Salt River Project Agricultural Improvem 0.07% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| MUB iShares National Muni Bond ETF | VTEB Vanguard Tax-Exempt Bond Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | National Muni Bond | Tax-Exempt Bond |
| Total return, 1 year | +0.1% | +0.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −17.4 pts | −17.3 pts |
| Expense ratio | 0.05% | 0.03% |
| Holdings | 6603 | 10185 |
MUB in plain words
MUB is a bond fund tracking the National Muni Bond. Over the year to Sep 11, 2026 it returned +0.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 3.6% below its high of Jul 6, 2026 on Sep 11, 2026.
VTEB in plain words
VTEB is a bond fund tracking the Tax-Exempt Bond. Over the year to Sep 11, 2026 it returned +0.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, MUB or VTEB?
- In the year to Sep 12, 2026, with distributions reinvested, MUB returned +0.1% and VTEB returned +0.2%, so VTEB returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MUB or VTEB?
- MUB charges 0.05% a year and VTEB charges 0.03%, so VTEB is cheaper. Fees come from each fund's prospectus.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, MUB against VTEB, data as of Sep 12, 2026. https://etfiq.com/compare/any/MUB-VTEB Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources