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

In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and VTEB −0.4%.

Which is cheaper, JAAA or VTEB?

VTEB is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

JAAA vs VTEB: Differences, Returns & Fees

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On Jul 31, 2026 JAAA's duration was 0.0 years and VTEB's 7.1; VTEB charges 0.03% to JAAA's 0.20%.

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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

JAAA on its own →VTEB on its own →

At a glance

+4.7%

JAAA total return, 1 year

−0.4%

VTEB total return, 1 year

0.20%

JAAA expense ratio

0.03%

VTEB expense ratio

Pair scorecard

VTEB costs 0.17 points a year less; their one-year returns differ by 5.1 points.

JAAA vs VTEB: Differences, Returns & Fees
Measure	JAAA	VTEB
Return
Measure	JAAA	VTEB
Total return, 1 year	+4.7%	−0.4%
Benchmark
Measure	JAAA	VTEB
What it tracks	No index, actively managed	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	JAAA	VTEB
Expense ratio	0.20%	0.03%
Net assets, JAAA as of Oct 28, 2026 and VTEB as of Sep 30, 2026	$32.5bn	$49.6bn
Holdings
Measure	JAAA	VTEB
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026. Method

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JAAA VTEB

Only in one fund ↓

Only in JAAA

KKR CLO 35 Ltd., Series 35A, Class AR, due Jan 20, 2038 0.85%

AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R2, due Oct 15, 2038 0.78%

Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R2, due Jan 19, 2038 0.73%

Palmer Square CLO Ltd., Series 2018-2A, Class A1R2, due Apr 16, 2037 0.68%

Ares LXI CLO Ltd., Series 2021-61A, Class A1R2, due Apr 20, 2037 0.68%

Carlyle US CLO Ltd., Series 2021-8A, Class A1R, due Oct 15, 2038 0.62%

WISE CLO Ltd., Series 2024-1A, Class AR, due Apr 15, 2037 0.62%

Magnetite XXXII Ltd., Series 2022-32A, Class AR, due Oct 15, 2037 0.60%

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

JAAA Janus Henderson AAA CLO ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Janus Henderson Vanguard

What it is Actively managed Tracks an index of Tax-Exempt Bond

Total return, 1 year +4.7% −0.4%

Expense ratio 0.20% 0.03%

Holdings 598 11155

Net assets, JAAA as of Oct 28, 2026 and VTEB as of Sep 30, 2026 $32.5bn $49.6bn

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

Alert

About each fund

JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% 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, JAAA or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and VTEB −0.4%.
Which is cheaper, JAAA or VTEB?: VTEB is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

JAAA vs MUB HYMB vs JAAA IUSB vs JAAA JAAA vs VCSH EMB vs VTEB VBIL vs VTEB PFF vs VTEB VTEB vs VUSB

Where to next

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

Sources and dates

JAAA filings on SEC EDGAR ↗

JAAA prospectus with the expense ratio (SEC) ↗

Janus Henderson page for JAAA ↗

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

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