Data as of Oct 28, 2026.

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BSV vs VTEB: Differences, Returns & Fees

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BSV's duration was 2.5 years on Jun 30, 2026 and VTEB's 7.1 on Jul 31, 2026; both charge 0.03%.

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Net assets on Sep 30, 2026: $45.4bn for Vanguard Short-Term Bond ETF and $49.6bn for Vanguard Tax-Exempt Bond ETF.

At a glance
+1.0%
BSV total return, 1 year
−0.4%
VTEB total return, 1 year
0.03%
BSV expense ratio
0.03%
VTEB expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 1.4 points; VTEB is 1.1 times larger.

BSV vs VTEB: Differences, Returns & Fees
MeasureBSVVTEB
Return
Total return, 1 year+1.0%−0.4%
Benchmark
What it tracksBloomberg U.S. 1-5 Year Government/Credit Float Adjusted IndexS&P National AMT-Free Municipal Bond Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$45.4bn$49.6bn
Holdings
Holdings in common0%

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 returns
BSV VTEB
Return
Total return edge VTEB +23.4% +26.3%
Annualized edge VTEB (slight) +1.9% +2.1%
Price return edge VTEB −4.2% −2.9%
Risk
Volatility edge BSV 2.2% 6.7%
Max drawdown edge BSV −8.1% −14.8%
Risk-adjusted
Sharpe edge VTEB −0.17 0.00
Sortino edge VTEB −0.24 0.01
Calmar edge BSV 0.23 0.14
Reading

VTEB returned more: +26.3% to +23.4%. BSV swung less: 2.2% to 6.7%. BSV fell less at its worst: −8.1% to −14.8%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BSV vs VTEB: Differences, Returns & Fees
MeasureBSVVTEBEdgeHow it is measured
Return
Total return+23.4%+26.3%VTEBPrice change plus distributions, reinvested.
Annualized+1.9%+2.1%VTEB (slight)Total return as a yearly rate.
Price return−4.2%−2.9%VTEBPrice change alone, distributions left out.
Risk
Volatility2.2%6.7%BSVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation1.6%4.6%BSVLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−8.1%−14.8%BSVDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.170.00VTEBReturn above Treasury bills per unit of volatility.
Sortino−0.240.01VTEBReturn above Treasury bills per unit of downside deviation.
Calmar0.230.14BSVAnnualized 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

0%

By the books each fund has filed, BSV and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BSV VTEB
Only in one fund ↓
Only in BSV
US TREASURY N/B, due Jan 31, 2028 1.12%
US TREASURY N/B, due Dec 31, 2027 0.89%
US TREASURY N/B, due Feb 28, 2030 0.88%
US TREASURY N/B, due Mar 31, 2028 0.81%
US TREASURY N/B, due Jul 15, 2027 0.80%
US TREASURY N/B, due Nov 15, 2030 0.79%
US TREASURY N/B, due May 31, 2031 0.78%
US TREASURY N/B, due Dec 31, 2029 0.77%
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%
Check overlap with more funds →

Side by side

BSV Vanguard Short-Term Bond ETF VTEB Vanguard Tax-Exempt Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of Short-Term Bond Tracks an index of Tax-Exempt Bond
Total return, 1 year +1.0% −0.4%
Expense ratio 0.03% 0.03%
Holdings 3157 11155
Net assets, as of Sep 30, 2026 $45.4bn $49.6bn

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

Client brief · page 1 of 2 Report BR-B748A86BA3

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

  1. What each follows. BSV follows Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index 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 Jun 30, 2026 and Jul 31, 2026).
  3. Number of holdings. BSV holds 3,157 positions and VTEB holds 11155.

Data as of Oct 28, 2026.

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About each fund
BSV

BSV tracks an index of Short-Term Bond. Over the year to Oct 28, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested.

Questions people ask

Which returned more over the last year, BSV or VTEB?
In the year to Oct 28, 2026, with distributions reinvested, BSV returned +1.0% and VTEB −0.4%.
Which is cheaper, BSV or VTEB?
Neither: BSV and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.
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ETFIQ, BSV against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bsv-vs-vteb

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