Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VCSH vs VTEB: how they differ
VCSH and VTEB hold 0% of their weight in the same names, and VCSH returned more over the year.
Vanguard Short-Term Corporate Bond Index Fund and Vanguard Tax-Exempt Bond Index Fund.
What they hold in common
By the books each fund has filed, VCSH and VTEB hold 0% of their money in the same securities at the same weight.
| Only in VCSH | Only in VTEB |
|---|---|
| United States Treasury Note/Bond 0.85% | University of California 0.12% |
| Bank of America Corp 0.24% | Triborough Bridge & Tunnel Authority 0.12% |
| AbbVie Inc 0.21% | Colorado State Education Loan Program 0.11% |
| CVS Health Corp 0.21% | State of California 0.11% |
| T-Mobile USA Inc 0.20% | New York City Transitional Finance Autho 0.09% |
| Boeing Co/The 0.20% | Dallas Independent School District 0.09% |
| Wells Fargo & Co 0.18% | New York State Dormitory Authority 0.09% |
| JPMorgan Chase & Co 0.18% | Ohio Water Development Authority Water P 0.09% |
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.
| VCSH Vanguard Short-Term Corporate Bond Index Fund | VTEB Vanguard Tax-Exempt Bond Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | Short-Term Corporate Bond | Tax-Exempt Bond |
| Total return, 1 year | +1.6% | +0.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −15.9 pts | −17.3 pts |
| Expense ratio | 0.03% | 0.03% |
| Holdings | 2999 | 10185 |
VCSH in plain words
VCSH is a bond fund tracking the Short-Term Corporate Bond. Over the year to Sep 11, 2026 it returned +1.6% 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.
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. It sat 3.6% below its high of Jul 6, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, VCSH or VTEB?
- In the year to Sep 12, 2026, with distributions reinvested, VCSH returned +1.6% and VTEB returned +0.2%, so VCSH returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VCSH or VTEB?
- VCSH charges 0.03% a year and VTEB charges 0.03%, so VCSH is cheaper. Fees come from each fund's prospectus.
Other comparisons
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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, VCSH against VTEB, data as of Sep 12, 2026. https://etfiq.com/compare/any/VCSH-VTEB Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources