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

In the year to Oct 9, 2026, with distributions reinvested, TAFM returned −2.1% and VTEB −2.3%.

Which is cheaper, TAFM or VTEB?

VTEB is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

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TAFM vs VTEB: Differences, Returns & Fees

TAFM's duration was 6.4 years on May 31, 2026 and VTEB's 7.1 on Jul 31, 2026; VTEB charges 0.03% to TAFM's 0.28%. Net assets: $1.0bn on Oct 8, 2026 for AB Tax-Aware Intermediate Municipal ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

VTEB costs 0.25 points a year less; their one-year returns differ by 0.2 points.

	TAFM	VTEB
Expense ratio	0.28%	0.03%
Net assets, TAFM as of Oct 8, 2026 and VTEB as of Sep 30, 2026	$1.0bn	$49.6bn
Total return, 1 year	−2.1%	−2.3%
What it tracks	No index, actively managed	S&P National AMT-Free Municipal Bond Index
Holdings in common	1%
Below its high	5.6%, high on Jul 6, 2026

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

−2.1%

TAFM total return, 1 year

−2.3%

VTEB total return, 1 year

0.28%

TAFM expense ratio

0.03%

VTEB expense ratio

What they hold in common

By the books each fund has filed, TAFM and VTEB hold 1% 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.

50%

half

1% in common

Positions both hold, largest shared weight first

Holding TAFM VTEB

TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX, due Feb 1, 2028 0.40% 0.09%

TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE, due May 15, 2064 0.17% 0.07%

MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE, due Oct 1, 2041 0.21% 0.05%

NEW YORK CITY NY TRANSITIONAL FIN AUTH REV, due Nov 1, 2037 0.19% 0.05%

OKLAHOMA CITY OK PUBLIC PPTY AUTH ARENA SALES TAX REVENUE, due Jun 1, 2034 0.19% 0.05%

HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE, due Sep 1, 2058 0.35% 0.05%

WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE, due Jul 15, 2045 0.07% 0.04%

CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE, due Dec 1, 2049 0.59% 0.04%

CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE, due Jan 1, 2053 0.17% 0.04%

NEW JERSEY ST TRANSPRTN TRUST FUND AUTH, due Jun 15, 2050 0.33% 0.04%

ILLINOIS ST TOLL HIGHWAY AUTH, due Jan 1, 2042 0.37% 0.04%

ONONDAGA NY CIVIC DEV CORP, due Dec 1, 2056 0.18% 0.04%

Only in TAFM

MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE, due Jun 30, 2055 0.74%

BROWARD CNTY FL SCH DIST, due Jun 25, 2026 0.69%

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due May 1, 2036 0.61%

PUBLIC FIN AUTH WI TOLL REVENUE, due Jun 30, 2060 0.57%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Aug 1, 2055 0.54%

VAIL CO COPS, due Dec 1, 2064 0.52%

NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Jun 30, 2059 0.52%

FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS, due Aug 25, 2041 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%

DALLAS ISD-B, due Feb 15, 2056 0.08%

OH ST WATER DEV AUTH, due Dec 1, 2035 0.08%

Check overlap with more funds →

On the same fields

TAFM

AB Tax-Aware Intermediate Municipal ETF

VTEB

Vanguard Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer AllianceBernstein 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 −19.4 pts −19.5 pts

Expense ratio 0.28% 0.03%

Holdings 564 10723

Net assets, TAFM as of Oct 8, 2026 and VTEB as of Sep 30, 2026 $1.0bn $49.6bn

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

TAFM in plain words

TAFM 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 0.28% a year. It sat 5.6% 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.

Questions people ask

Which returned more over the last year, TAFM or VTEB?: In the year to Oct 9, 2026, with distributions reinvested, TAFM returned −2.1% and VTEB −2.3%.
Which is cheaper, TAFM or VTEB?: VTEB is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs TAFM TAFM vs VCRM JMUB vs TAFM PZA vs TAFM MUB vs VTEB LMUB vs VTEB FMB vs VTEB VCRM vs VTEB

TAFM on its own →VTEB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

TAFM filings on SEC EDGAR ↗TAFM prospectus with the expense ratio (SEC) ↗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, TAFM against VTEB, data as of Oct 9, 2026. https://etfiq.com/compare/any/tafm-vs-vteb

Open data

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