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

In the year to Oct 28, 2026, with distributions reinvested, VCLT returned −5.9% and VTEB −0.4%.

Which is cheaper, VCLT or VTEB?

Neither: VCLT and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

VCLT vs VTEB: Differences, Returns & Fees

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VCLT's duration was 12.0 years on May 31, 2026 and VTEB's 7.1 on Jul 31, 2026; both charge 0.03%.

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Net assets on Sep 30, 2026: $7.5bn for Vanguard Long-Term Corporate Bond ETF and $49.6bn for Vanguard Tax-Exempt Bond ETF.

VCLT on its own →VTEB on its own →

At a glance

−5.9%

VCLT total return, 1 year

−0.4%

VTEB total return, 1 year

0.03%

VCLT expense ratio

0.03%

VTEB expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 5.5 points; VTEB is 6.6 times larger.

VCLT vs VTEB: Differences, Returns & Fees
Measure	VCLT	VTEB
Return
Measure	VCLT	VTEB
Total return, 1 year	−5.9%	−0.4%
Drawdown
Measure	VCLT	VTEB
Below its high	17.8%, high on Sep 22, 2021
Benchmark
Measure	VCLT	VTEB
What it tracks	Bloomberg U.S. 10+ Year Corporate Bond Index	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	VCLT	VTEB
Expense ratio	0.03%	0.03%
Net assets, as of Sep 30, 2026	$7.5bn	$49.6bn
Holdings
Measure	VCLT	VTEB
Holdings in common	0%

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

Risk and return

Sep 4, 2015 to Oct 23, 2026 · 581 weekly returns

VCLT VTEB

Return

Total return edge VCLT +32.5% +26.3%

Annualized edge VCLT +2.5% +2.1%

Price return edge VTEB −18.4% −2.9%

Risk

Volatility edge VTEB 13.9% 6.7%

Max drawdown edge VTEB −34.0% −14.8%

Risk-adjusted

Sharpe edge VCLT 0.09 0.00

Sortino edge VCLT 0.12 0.01

Calmar edge VTEB 0.07 0.14

Reading

VCLT returned more: +32.5% to +26.3%. VTEB swung less: 6.7% to 13.9%. VTEB fell less at its worst: −14.8% to −34.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VCLT vs VTEB: Differences, Returns & Fees
Measure	VCLT	VTEB	Edge	How it is measured
Return
Total return	+32.5%	+26.3%	VCLT	Price change plus distributions, reinvested.
Annualized	+2.5%	+2.1%	VCLT	Total return as a yearly rate.
Price return	−18.4%	−2.9%	VTEB	Price change alone, distributions left out.
Risk
Volatility	13.9%	6.7%	VTEB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.7%	4.6%	VTEB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−34.0%	−14.8%	VTEB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.09	0.00	VCLT	Return above Treasury bills per unit of volatility.
Sortino	0.12	0.01	VCLT	Return above Treasury bills per unit of downside deviation.
Calmar	0.07	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, VCLT and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VCLT VTEB

Only in one fund ↓

Only in VCLT

ANHEUSER-BUSCH, due Feb 1, 2046 0.37%

CVS HEALTH CORP, due Mar 25, 2048 0.33%

META PLATFORMS, due Nov 15, 2055 0.28%

BOEING CO, due May 1, 2050 0.27%

PFIZER INVSTMNT, due May 19, 2053 0.27%

AMAZON.COM INC, due Mar 13, 2056 0.26%

ORACLE CORP, due Feb 4, 2056 0.24%

AT&T INC, due Sep 15, 2053 0.23%

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

VCLT Vanguard Long-Term Corporate Bond ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Vanguard Vanguard

What it is Tracks an index of Long-Term Corporate Bond Tracks an index of Tax-Exempt Bond

Total return, 1 year −5.9% −0.4%

Expense ratio 0.03% 0.03%

Holdings 2562 11155

Net assets, as of Sep 30, 2026 $7.5bn $49.6bn

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

Client brief · page 1 of 2 Report BR-63F6502AA9

VCLT and VTEB do different jobs. What does each one do in a portfolio?

What each follows. VCLT follows Bloomberg U.S. 10+ Year Corporate Bond 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 May 31, 2026 and Jul 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 VCLT returned −5.9% and VTEB −0.4% with distributions reinvested, a gap of 5.5 points.

Data as of Oct 28, 2026.

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About each fund

VCLT

VCLT tracks an index of Long-Term Corporate Bond. Over the year to Oct 28, 2026 it returned −5.9% with distributions reinvested. The prospectus expense ratio is 0.03% a year. It sat 17.8% below its high of Sep 22, 2021 on Oct 28, 2026.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested.

Questions people ask

Which returned more over the last year, VCLT or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, VCLT returned −5.9% and VTEB −0.4%.
Which is cheaper, VCLT or VTEB?: Neither: VCLT and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs VCLT HYMB vs VCLT BND vs VCLT BLV vs VCLT BOND vs VTEB SPSB vs VTEB MBB vs VTEB AGG vs VTEB

Where to next

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

Sources and dates

VCLT filings on SEC EDGAR ↗

VCLT prospectus with the expense ratio (SEC) ↗

Vanguard page for VCLT ↗

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

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