Which returned more over the last year, VPU or VTEB?

In the year to Sep 12, 2026, with distributions reinvested, VPU returned +2.1% and VTEB returned +0.2%, so VPU returned more. One year is one year; the longer windows are in the table.

Which is cheaper, VPU or VTEB?

VPU charges 0.09% a year and VTEB charges 0.03%, so VTEB is cheaper. Fees come from each fund's prospectus.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

VPU vs VTEB: how they differ

VPU and VTEB hold 0% of their weight in the same names, and VPU returned more over the year.

Vanguard Utilities Index Fund and Vanguard Tax-Exempt Bond Index Fund.

What they hold in common

By the books each fund has filed, VPU and VTEB hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in VPU	Only in VTEB
NextEra Energy Inc 11.84%	University of California 0.12%
Southern Co/The 6.70%	Triborough Bridge & Tunnel Authority 0.12%
Duke Energy Corp 6.31%	Colorado State Education Loan Program 0.11%
Constellation Energy Corp 5.86%	State of California 0.11%
American Electric Power Co Inc 4.47%	New York City Transitional Finance Autho 0.09%
Sempra 3.85%	Dallas Independent School District 0.09%
Dominion Energy Inc 3.78%	New York State Dormitory Authority 0.09%
Vistra Corp 3.59%	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.

VPU and VTEB on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	VPU Vanguard Utilities Index Fund	VTEB Vanguard Tax-Exempt Bond Index Fund
Where it sits	Core index fund	Core index fund
Issuer	Vanguard	Vanguard
What it is	Utilities	Tax-Exempt Bond
Total return, 1 year	+2.1%	+0.2%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−15.4 pts	−17.3 pts
Expense ratio	0.09%	0.03%
Holdings	66	10185

VPU in plain words

VPU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 66 positions, with the top ten at 52.7%. It sat 9.8% below its high of Feb 27, 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. 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, VPU or VTEB?: In the year to Sep 12, 2026, with distributions reinvested, VPU returned +2.1% and VTEB returned +0.2%, so VPU returned more. One year is one year; the longer windows are in the table.
Which is cheaper, VPU or VTEB?: VPU charges 0.09% 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.

VPU against VTEB, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, VPU against VTEB, data as of Sep 12, 2026. https://etfiq.com/compare/any/VPU-VTEB Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources