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

In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and VTEB −0.4%.

Which is cheaper, EEM or VTEB?

VTEB is cheaper, by 0.69 percentage points a year. That is about $69 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EEM vs VTEB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EEM returned +16.3% to VTEB's −0.4%; 0% of their weight is in the same names.

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Net assets: $29.1bn on Oct 27, 2026 for iShares MSCI Emerging Markets ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

EEM on its own →VTEB on its own →

At a glance

+16.3%

EEM total return, 1 year

−0.4%

VTEB total return, 1 year

0.72%

EEM expense ratio

0.03%

VTEB expense ratio

Pair scorecard

VTEB costs 0.69 points a year less; their one-year returns differ by 16.7 points; VTEB is 1.6 times larger.

EEM vs VTEB: Differences, Returns & Fees
Measure	EEM	VTEB
Return
Measure	EEM	VTEB
Total return, 1 year	+16.3%	−0.4%
Drawdown
Measure	EEM	VTEB
Below its high	10.8%, high on Jun 22, 2026
Benchmark
Measure	EEM	VTEB
What it tracks	MSCI Emerging Markets Index	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	EEM	VTEB
Expense ratio	0.72%	0.03%
Net assets, as of Sep 30, 2026	$31.1bn	$49.6bn
Holdings
Measure	EEM	VTEB
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	37.2%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, EEM and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EEM VTEB

Only in one fund ↓

Only in EEM

TAIWAN SEMICONDUCTOR MANUFACTURING 15.98%

SAMSUNG ELECTRONICS LTD 6.88%

SK HYNIX 4.91%

TENCENT HOLDINGS 2.64%

ALIBABA GROUP HOLDING 1.82%

MEDIATEK 1.54%

CHINA CONSTRUCTION BANK CORP H 0.94%

SAMSUNG ELECTRONICS NON VOTING PRE 0.91%

Only in VTEB

Vanguard Municipal Low Duration Fund 0.69%

State of California 0.15%

State of California 0.14%

New York State Dormitory Authority 0.13%

State of Illinois 0.12%

Ohio State University 0.12%

City of New York NY 0.10%

State of Wisconsin 0.10%

Check overlap with more funds →

Side by side

EEM iShares MSCI Emerging Markets ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks an index of Emerging markets Tracks an index of Tax-Exempt Bond

Total return, 1 year +16.3% −0.4%

Expense ratio 0.72% 0.03%

Holdings 1186 11155

Net assets, EEM as of Oct 27, 2026 and VTEB as of Sep 30, 2026 $29.1bn $49.6bn

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

Alert

About each fund

EEM

EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% 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 1,186 positions, with the top ten at 37.2%. It sat 10.8% below its high of Jun 22, 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, EEM or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and VTEB −0.4%.
Which is cheaper, EEM or VTEB?: VTEB is cheaper, by 0.69 percentage points a year. That is about $69 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EEM vs MUB EEM vs HYMB EEM vs IUSB EEM vs VCSH VTEB vs VWO IEMG vs VTEB AVEM vs VTEB EMXC vs VTEB

Where to next

EEM on its own →VTEB on its own →Hold both: look the portfolio through →Rankings →EEM dividend history →EEM holdings →VTEB dividend history →VTEB holdings →Standards and sources →

Sources and dates

EEM filings on SEC EDGAR ↗

EEM prospectus with the expense ratio (SEC) ↗

iShares page for EEM ↗

VTEB filings on SEC EDGAR ↗

VTEB prospectus with the expense ratio (SEC) ↗

Vanguard page for VTEB ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, EEM against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-vteb

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