SCMB's duration was 6.6 years on Jun 30, 2026 and VTEB's 7.1 on Jul 31, 2026; both charge 0.03%.Net assets: $4.0bn on Jun 30, 2026 for Schwab Municipal Bond ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.
Both cost 0.03% a year; their one-year returns differ by 0.4 points.
Points (pts) are percentage points.
SCMB
VTEB
Expense ratio
0.03%
0.03%
Net assets, SCMB as of Jun 30, 2026 and VTEB as of Sep 30, 2026
$4.0bn
$49.6bn
Total return, 1 year
−2.7%
−2.3%
What it tracks
not read by ETFIQ
S&P National AMT-Free Municipal Bond Index
Holdings in common
29%
Below its high
5.8%, high on Jul 6, 2026
5.6%, high on Jul 6, 2026
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.
−2.7%
SCMB total return, 1 year
−2.3%
VTEB total return, 1 year
0.03%
SCMB expense ratio
0.03%
VTEB expense ratio
What they hold in common
By the books each fund has filed, SCMB and VTEB hold 29% 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 Jun 30, 2026 and Jul 31, 2026.
50%
half
29% in common
Positions both hold, largest shared weight first
HoldingSCMBVTEB
New York State Dormitory Authority, due Jul 1, 20540.08%0.08%
SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE, due Jan 1, 20550.07%0.07%
OHIO ST UNIV, due Jun 1, 20350.07%0.08%
Triborough Bridge & Tunnel Authority, due May 15, 20540.09%0.06%
TEXAS WTR DEV BRD REVENUE, due Oct 15, 20500.08%0.06%
New York State Dormitory Authority, due Feb 15, 20470.06%0.06%
Massachusetts Development Finance Agency, due Feb 15, 20340.10%0.06%
County of Jefferson Sewer Revenue, due Oct 1, 20530.06%0.06%
California Educational Facilities Authority, due May 1, 20490.06%0.06%
New Jersey Transportation Trust Fund Authority, due Jun 15, 20340.07%0.06%
Commonwealth of Massachusetts, due May 1, 20530.14%0.05%
State of Illinois, due Nov 1, 20290.05%0.08%
Only in SCMB
City of New York, due Aug 1, 20290.20%
New York City Municipal Water Finance Authority, due Jun 15, 20390.17%
State of California, due Sep 1, 20310.15%
State of Oregon Department of Transportation, due Nov 15, 20330.14%
County of Wake, due May 1, 20340.14%
City of New York, due Feb 1, 20340.14%
New York City Transitional Finance Authority, due Nov 1, 20370.14%
Gwinnett County School District, due Feb 1, 20320.14%
What it isTracks an indexTracks an index of Tax-Exempt Bond
Total return, 1 year−2.7%−2.3%
S&P 500 over the same days+17.3%+17.3%
Gap to the S&P 500−20.0 pts−19.5 pts
Expense ratio0.03%0.03%
Holdings684510723
Net assets, SCMB as of Jun 30, 2026 and VTEB as of Sep 30, 2026$4.0bn$49.6bn
SCMB and VTEB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
SCMB in plain words
SCMB tracks an index. Over the year to Oct 9, 2026 it returned −2.7% with distributions reinvested. The prospectus expense ratio is 0.03% a year. It sat 5.8% 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. 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, SCMB or VTEB?
In the year to Oct 9, 2026, with distributions reinvested, SCMB returned −2.7% and VTEB −2.3%.
Which is cheaper, SCMB or VTEB?
Neither: SCMB and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.
SCMB against VTEB, ETFIQ, data as of Oct 9, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.
