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

In the year to Oct 28, 2026, with distributions reinvested, HYMB returned −1.0% and VTEB −0.4%.

Which is cheaper, HYMB or VTEB?

VTEB is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

HYMB vs VTEB: Differences, Returns & Fees

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HYMB's duration was 7.3 years on Jun 30, 2026 and VTEB's 7.1 on Jul 31, 2026; VTEB charges 0.03% to HYMB's 0.35%.

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Net assets: $3.8bn on Oct 27, 2026 for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

HYMB on its own →VTEB on its own →

At a glance

−1.0%

HYMB total return, 1 year

−0.4%

VTEB total return, 1 year

0.35%

HYMB expense ratio

0.03%

VTEB expense ratio

Pair scorecard

VTEB costs 0.32 points a year less; their one-year returns differ by 0.6 points; VTEB is 13.4 times larger.

HYMB vs VTEB: Differences, Returns & Fees
Measure	HYMB	VTEB
Return
Measure	HYMB	VTEB
Total return, 1 year	−1.0%	−0.4%
Drawdown
Measure	HYMB	VTEB
Below its high	4.7%, high on Jul 2, 2026
Benchmark
Measure	HYMB	VTEB
What it tracks	ICE US Select High Yield Crossover Municipal Index	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	HYMB	VTEB
Expense ratio	0.35%	0.03%
Net assets, as of Sep 30, 2026	$3.7bn	$49.6bn
Holdings
Measure	HYMB	VTEB
Holdings in common	1%

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

HYMB VTEB

Return

Total return edge HYMB +31.7% +26.3%

Annualized edge HYMB +2.5% +2.1%

Price return edge VTEB −15.3% −2.9%

Risk

Volatility edge VTEB 9.5% 6.7%

Max drawdown edge VTEB −22.5% −14.8%

Risk-adjusted

Sharpe edge HYMB 0.07 0.00

Sortino edge HYMB 0.09 0.01

Calmar edge VTEB 0.11 0.14

Reading

HYMB returned more: +31.7% to +26.3%. VTEB swung less: 6.7% to 9.5%. VTEB fell less at its worst: −14.8% to −22.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HYMB vs VTEB: Differences, Returns & Fees
Measure	HYMB	VTEB	Edge	How it is measured
Return
Total return	+31.7%	+26.3%	HYMB	Price change plus distributions, reinvested.
Annualized	+2.5%	+2.1%	HYMB	Total return as a yearly rate.
Price return	−15.3%	−2.9%	VTEB	Price change alone, distributions left out.
Risk
Volatility	9.5%	6.7%	VTEB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.0%	4.6%	VTEB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.5%	−14.8%	VTEB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.07	0.00	HYMB	Return above Treasury bills per unit of volatility.
Sortino	0.09	0.01	HYMB	Return above Treasury bills per unit of downside deviation.
Calmar	0.11	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, HYMB and VTEB hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first HYMB VTEB

MET TRANSPRTN AUTH NY REVENUE, due Nov 15, 2042 0.19% 0.05%

JEFFERSON CNTY AL SWR REVENUE WARRANTS, due Oct 1, 2049 0.17% 0.05%

NEW JERSEY ST TRANSPRTN TRUST FUND AUTH, due Jun 15, 2050 0.11% 0.05%

MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE, due Oct 1, 2052 0.28% 0.04%

CHICAGO IL, due Jan 1, 2044 0.12% 0.03%

NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE, due Jan 1, 2042 0.03% 0.04%

SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE, due Dec 1, 2052 0.06% 0.03%

NORTH CAROLINA ST TURNPIKE AUTH, due Jan 1, 2058 0.32% 0.03%

MET PIER & EXPOSITION AUTH IL REVENUE, due Jun 15, 2050 0.26% 0.03%

DIST OF COLUMBIA UNIV REVENUE, due Apr 1, 2060 0.04% 0.02%

NEW JERSEY ST TRANSPRTN TRUST FUND AUTH, due Jun 15, 2044 0.13% 0.02%

NEW JERSEY ST TRANSPRTN TRUST FUND AUTH, due Jun 15, 2046 0.11% 0.02%

Only in one fund ↓

Only in HYMB

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 2.49%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 1.52%

BUCKEYE OH TOBACCO SETTLEMENT FING AUTH, due Jun 1, 2055 1.25%

PUERTO RICO CMWLTH, due Jul 1, 2041 0.63%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2053 0.61%

PUERTO RICO CMWLTH, due Jul 1, 2046 0.54%

NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE, due Nov 15, 2044 0.46%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2040 0.36%

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

HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer State Street Vanguard

What it is Tracks an index of Nuveen ICE High Yield Municipal Bond Tracks an index of Tax-Exempt Bond

Total return, 1 year −1.0% −0.4%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark +0.4 pts vs AGG not measured

Expense ratio 0.35% 0.03%

Holdings 2105 11155

Net assets, HYMB as of Oct 27, 2026 and VTEB as of Sep 30, 2026 $3.8bn $49.6bn

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

Client brief · page 1 of 2 Report BR-6FA33AB1A8

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

What each follows. HYMB follows ICE US Select High Yield Crossover Municipal Index and VTEB follows S&P National AMT-Free Municipal Bond Index.
Holdings in common. 1% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
Number of holdings. HYMB holds 2,105 positions and VTEB holds 11155.

Data as of Oct 28, 2026.

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About each fund

HYMB

HYMB tracks an index of Nuveen ICE High Yield Municipal Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year. It sat 4.7% below its high of Jul 2, 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, HYMB or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, HYMB returned −1.0% and VTEB −0.4%.
Which is cheaper, HYMB or VTEB?: VTEB is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

HYMB vs MUB CGHM vs HYMB HIMU vs HYMB FMHI vs HYMB VTEB vs VTES VTEB vs VTEI VTEB vs VTEC JMUB vs VTEB

Where to next

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

Sources and dates

HYMB filings on SEC EDGAR ↗

HYMB prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

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