Data as of Oct 28, 2026.
BOND vs VTEB: Differences, Returns & Fees
Over the year to Oct 28, 2026, BOND returned −1.4% to VTEB's −0.4%, and VTEB charges 0.03% to BOND's 0.54%.
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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.
Pair scorecard
VTEB costs 0.51 points a year less; their one-year returns differ by 1.0 point.
| Measure | BOND | VTEB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −0.4% |
| Drawdown | ||
| Below its high | 3.1%, high on Feb 27, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P National AMT-Free Municipal Bond Index |
| Cost and size | ||
| Expense ratio | 0.54% | 0.03% |
| Net assets, BOND as of Jun 30, 2026 and VTEB as of Sep 30, 2026 | $8.3bn | $49.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Sep 4, 2015 to Oct 23, 2026 · 581 weekly returnsVTEB returned slightly more: +26.3% to +25.3%. BOND swung less: 5.2% to 6.7%. VTEB fell less at its worst: −14.8% to −19.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BOND | VTEB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +25.3% | +26.3% | VTEB (slight) | Price change plus distributions, reinvested. |
| Annualized | +2.0% | +2.1% | VTEB (slight) | Total return as a yearly rate. |
| Price return | −16.9% | −2.9% | VTEB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.2% | 6.7% | BOND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.9% | 4.6% | BOND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −14.8% | VTEB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.02 | 0.00 | VTEB | Return above Treasury bills per unit of volatility. |
| Sortino | −0.03 | 0.01 | VTEB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.10 | 0.14 | VTEB | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 581 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BOND and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
BOND and VTEB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BOND and VTEB do different jobs. What does each one do in a portfolio?
- What each follows. BOND follows No index, actively managed and VTEB follows S&P National AMT-Free Municipal Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
- Number of holdings. BOND holds 1,565 positions and VTEB holds 11155.
Data as of Oct 28, 2026.
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BOND
BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.
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, BOND or VTEB?
- In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and VTEB −0.4%.
- Which is cheaper, BOND or VTEB?
- VTEB is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BOND against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-vteb
ETFIQ. (Oct 28, 2026). BOND against VTEB. Retrieved from https://etfiq.com/compare/any/bond-vs-vteb
[BOND against VTEB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bond-vs-vteb)
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