Data as of Oct 28, 2026.

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BINC vs VTEB: Differences, Returns & Fees

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On Jul 31, 2026 BINC's duration was 2.9 years and VTEB's 7.1; VTEB charges 0.03% to BINC's 0.40%.

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Net assets: $16.8bn on Oct 27, 2026 for iShares Flexible Income Active ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

At a glance
+0.5%
BINC total return, 1 year
−0.4%
VTEB total return, 1 year
0.40%
BINC expense ratio
0.03%
VTEB expense ratio

Pair scorecard

VTEB costs 0.37 points a year less; their one-year returns differ by 0.9 points; VTEB is 3.0 times larger.

BINC vs VTEB: Differences, Returns & Fees
MeasureBINCVTEB
Return
Total return, 1 year+0.5%−0.4%
Benchmark
What it tracksNo index, actively managedS&P National AMT-Free Municipal Bond Index
Cost and size
Expense ratio0.40%0.03%
Net assets, as of Sep 30, 2026$16.4bn$49.6bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund24.6%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Jun 2, 2023 to Oct 23, 2026 · 177 weekly returns
BINC VTEB
Return
Total return edge BINC +21.3% +8.4%
Annualized edge BINC +5.8% +2.4%
Price return edge BINC +0.2% −2.7%
Risk
Volatility edge BINC 3.1% 4.7%
Max drawdown edge BINC −2.7% −5.7%
Risk-adjusted
Sharpe edge BINC 0.37 −0.45
Sortino edge BINC 0.57 −0.58
Calmar edge BINC 2.20 0.42
Reading

BINC returned more: +21.3% to +8.4%. BINC swung less: 3.1% to 4.7%. BINC fell less at its worst: −2.7% to −5.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BINC vs VTEB: Differences, Returns & Fees
MeasureBINCVTEBEdgeHow it is measured
Return
Total return+21.3%+8.4%BINCPrice change plus distributions, reinvested.
Annualized+5.8%+2.4%BINCTotal return as a yearly rate.
Price return+0.2%−2.7%BINCPrice change alone, distributions left out.
Risk
Volatility3.1%4.7%BINCSpread of weekly returns, annualized. Lower is steadier.
Downside deviation2.0%3.6%BINCLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−2.7%−5.7%BINCDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.37−0.45BINCReturn above Treasury bills per unit of volatility.
Sortino0.57−0.58BINCReturn above Treasury bills per unit of downside deviation.
Calmar2.200.42BINCAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 177 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, BINC and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BINC VTEB
Only in one fund ↓
Only in BINC
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 6.83%
Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 3.48%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.35%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.57%
iShares iBoxx USD High Yield Corporate Bond ETF 1.46%
Italy Buoni Poliennali Del Tesoro, due Feb 1, 2031 1.32%
Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.10%
iShares iBoxx USD Investment Grade Corporate Bond ETF 1.06%
Only in VTEB
NEW YORK CITY-F-1-REF, due Aug 1, 2034 0.12%
CA REGENTS UNIV-CD, due May 15, 2036 0.11%
IDAHO ST-TANS, due Jun 30, 2027 0.10%
CA REF, due Aug 1, 2032 0.10%
MARYLAND ST-GROUP 2, due Jun 1, 2038 0.09%
NY ST THRUWAY AUTH-A, due Sep 15, 2035 0.09%
TRIBOROUGH BRIDGE-A-1, due Feb 1, 2028 0.09%
DALLAS ISD-B, due Feb 15, 2056 0.08%
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Side by side

BINC iShares Flexible Income Active ETF VTEB Vanguard Tax-Exempt Bond ETF
Where it sits Bond ETF Bond ETF
What it is Actively managed Tracks an index of Tax-Exempt Bond
Total return, 1 year +0.5% −0.4%
Expense ratio 0.40% 0.03%
Holdings 4690 11155
Net assets, BINC as of Oct 27, 2026 and VTEB as of Sep 30, 2026 $16.8bn $49.6bn

BINC and VTEB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-81FF680602

BINC and VTEB do different jobs. What does each one do in a portfolio?

  1. What each follows. BINC follows No index, actively managed and VTEB follows S&P National AMT-Free Municipal Bond Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. Cost. BINC charges 0.40% of assets a year and VTEB 0.03%, a gap of 0.37 points.

Data as of Oct 28, 2026.

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About each fund
BINC

BINC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.40% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,690 positions, with the top ten at 24.6%.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, BINC or VTEB?
In the year to Oct 28, 2026, with distributions reinvested, BINC returned +0.5% and VTEB −0.4%.
Which is cheaper, BINC or VTEB?
VTEB is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BINC against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/binc-vs-vteb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.