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JMUB vs VTEB: Differences, Returns & Fees

JMUB's duration was 6.2 years on May 31, 2026 and VTEB's 7.1 on Jul 31, 2026; VTEB charges 0.03% to JMUB's 0.18%. Net assets: $8.5bn on Oct 9, 2026 for JPMorgan Municipal ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

VTEB costs 0.15 points a year less; their one-year returns differ by 0.2 points.

JMUBVTEB
Expense ratio0.18%0.03%
Net assets, JMUB as of Oct 9, 2026 and VTEB as of Sep 30, 2026$8.5bn$49.6bn
Total return, 1 year−2.1%−2.3%
What it tracksNo index, actively managedS&P National AMT-Free Municipal Bond Index
Holdings in common3%
Below its high5.0%, high on Jul 6, 20265.6%, high on Jul 6, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

−2.1%
JMUB total return, 1 year
−2.3%
VTEB total return, 1 year
0.18%
JMUB expense ratio
0.03%
VTEB expense ratio

What they hold in common

By the books each fund has filed, JMUB and VTEB hold 3% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.

half

3% in common

Positions both hold, largest shared weight first
Holding JMUB VTEB
Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2025, due Dec 1, 2035 0.14% 0.08%
New York City Transitional Finance Authority Future Tax Secured Fiscal Year 2026, Series 2026, Subseries D-1, due Nov 1, 2035 0.12% 0.07%
State of Wisconsin, Series 2026A, due May 1, 2038 0.42% 0.07%
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement, Series A, due Jun 15, 2031 0.15% 0.06%
Long Island Power Authority, Electric System, Series 2025B, due Sep 1, 2055 0.14% 0.05%
Chicago Transit Authority Sales Tax Receipts Fund, Series 2024A, due Dec 1, 2049 0.18% 0.04%
Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2026A, due Nov 1, 2031 0.10% 0.04%
New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2023BB, due Jun 15, 2050 0.05% 0.04%
Central Texas Turnpike System, Second Tier, Series 2024C, due Aug 15, 2033 0.11% 0.04%
Massachusetts Development Finance Agency, Boston University, Series 2026A-2, due Oct 1, 2065 0.07% 0.04%
New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2023, Series 2023AA, Subseries AA-1, due Jun 15, 2052 0.04% 0.04%
City of San Antonio Electric and Gas Systems, Series 2026A, due Feb 1, 2038 0.14% 0.04%
Only in JMUB
Black Belt Energy Gas District, Gas Project, Series 2026A, due Dec 1, 2034 0.77%
California Community Choice Financing Authority, Clean Energy Project, Series 2026B, due Mar 1, 2036 0.70%
California Health Facilities Financing Authority, Rady Children's Health, Series 2026B-3, due Aug 15, 2065 0.67%
California Community Choice Financing Authority, Clean Energy Project, Series 2026C, due Feb 1, 2036 0.61%
Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2, due Jun 1, 2055 0.55%
Connecticut State Health and Educational Facilities Authority, Yale New Haven Health Issue, Series 2024C-1, due Jul 1, 2060 0.52%
Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, due Jul 1, 2040 0.51%
California Community Choice Financing Authority, Clean Energy Project, Series 2025E, due Oct 1, 2056 0.49%
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 →

On the same fields

JMUB
JPMorgan Municipal ETF
VTEB
Vanguard Tax-Exempt Bond ETF
Where it sits Bond ETF Bond ETF
Issuer JPMorgan Vanguard
What it is Actively managed Tracks an index of Tax-Exempt Bond
Total return, 1 year −2.1% −2.3%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −19.3 pts −19.5 pts
Expense ratio 0.18% 0.03%
Holdings 2155 10723
Net assets, JMUB as of Oct 9, 2026 and VTEB as of Sep 30, 2026 $8.5bn $49.6bn

JMUB and VTEB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

JMUB in plain words

JMUB is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −2.1% with distributions reinvested. The prospectus expense ratio is 0.18% a year. It sat 5.0% below its high of Jul 6, 2026 on Oct 9, 2026.

VTEB in plain words

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 9, 2026 it returned −2.3% with distributions reinvested. The prospectus expense ratio is 0.03% a year. It sat 5.6% below its high of Jul 6, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, JMUB or VTEB?
In the year to Oct 9, 2026, with distributions reinvested, JMUB returned −2.1% and VTEB −2.3%.
Which is cheaper, JMUB or VTEB?
VTEB is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
JMUB vs MUBJMUB vs PZAJMUB vs SCMBJMUB vs TFIMUB vs VTEBTAFM vs VTEBPZA vs VTEBSCMB vs VTEB
JMUB on its own →VTEB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
JMUB filings on SEC EDGAR ↗JMUB prospectus with the expense ratio (SEC) ↗JPMorgan website ↗VTEB filings on SEC EDGAR ↗VTEB prospectus with the expense ratio (SEC) ↗Vanguard page for VTEB ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, JMUB against VTEB, data as of Oct 9, 2026. https://etfiq.com/compare/any/jmub-vs-vteb

Open data

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