Data as of Oct 28, 2026.
IUSB vs VTEB: Differences, Returns & Fees
On Jul 31, 2026 IUSB's duration was 5.5 years and VTEB's 7.1; VTEB charges 0.03% to IUSB's 0.06%.
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Net assets: $49.8bn on Oct 27, 2026 for iShares Core Universal USD Bond ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.
Pair scorecard
VTEB costs 0.03 points a year less; their one-year returns differ by 0.8 points.
| Measure | IUSB | VTEB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.2% | −0.4% |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Universal Index | S&P National AMT-Free Municipal Bond Index |
| Cost and size | ||
| Expense ratio | 0.06% | 0.03% |
| Net assets, as of Sep 30, 2026 | $48.1bn | $49.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026. Method
Risk and return
Sep 4, 2015 to Oct 23, 2026 · 581 weekly returnsVTEB returned slightly more: +26.3% to +24.0%. IUSB swung less: 5.2% to 6.7%. VTEB fell less at its worst: −14.8% to −17.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IUSB | VTEB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.0% | +26.3% | VTEB (slight) | Price change plus distributions, reinvested. |
| Annualized | +1.9% | +2.1% | VTEB (slight) | Total return as a yearly rate. |
| Price return | −11.2% | −2.9% | VTEB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.2% | 6.7% | IUSB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.8% | 4.6% | IUSB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −17.7% | −14.8% | VTEB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.04 | 0.00 | VTEB | Return above Treasury bills per unit of volatility. |
| Sortino | −0.06 | 0.01 | VTEB | 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, IUSB and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
IUSB and VTEB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IUSB and VTEB do different jobs. What does each one do in a portfolio?
- What each follows. IUSB follows Bloomberg U.S. Universal Index 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 Jul 31, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 IUSB returned −1.2% and VTEB −0.4% with distributions reinvested, a gap of 0.8 points.
Data as of Oct 28, 2026.
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IUSB
IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% 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. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, IUSB or VTEB?
- In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and VTEB −0.4%.
- Which is cheaper, IUSB or VTEB?
- VTEB is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
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, IUSB against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iusb-vs-vteb
ETFIQ. (Oct 28, 2026). IUSB against VTEB. Retrieved from https://etfiq.com/compare/any/iusb-vs-vteb
[IUSB against VTEB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iusb-vs-vteb)
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