Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VTEB vs VTWO: how they differ
VTEB and VTWO hold 0% of their weight in the same names, and VTWO returned more over the year.
Vanguard Tax-Exempt Bond Index Fund and Vanguard Russell 2000 Index Fund.
What they hold in common
By the books each fund has filed, VTEB and VTWO hold 0% of their money in the same securities at the same weight.
| Only in VTEB | Only in VTWO |
|---|---|
| University of California 0.12% | Bloom Energy Corp 1.83% |
| Triborough Bridge & Tunnel Authority 0.12% | Credo Technology Group Holding Ltd 1.12% |
| Colorado State Education Loan Program 0.11% | Sterling Infrastructure Inc 0.76% |
| State of California 0.11% | Fabrinet 0.69% |
| New York City Transitional Finance Autho 0.09% | Nextpower Inc 0.67% |
| Dallas Independent School District 0.09% | IonQ Inc 0.63% |
| New York State Dormitory Authority 0.09% | Coeur Mining Inc 0.58% |
| Ohio Water Development Authority Water P 0.09% | TTM Technologies Inc 0.52% |
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.
| VTEB Vanguard Tax-Exempt Bond Index Fund | VTWO Vanguard Russell 2000 Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | Tax-Exempt Bond | Russell 2000 |
| Total return, 1 year | +0.2% | +21.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −17.3 pts | +3.9 pts |
| Expense ratio | 0.03% | 0.07% |
| Holdings | 10185 | 1951 |
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.
VTWO in plain words
VTWO is an index equity fund tracking the Russell 2000. Over the year to Sep 11, 2026 it returned +21.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.07% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1951 positions, with the top ten at 7.8%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, VTEB or VTWO?
- In the year to Sep 12, 2026, with distributions reinvested, VTEB returned +0.2% and VTWO returned +21.4%, so VTWO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VTEB or VTWO?
- VTEB charges 0.03% a year and VTWO charges 0.07%, 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, VTEB against VTWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/VTEB-VTWO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources