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

In the year to Oct 28, 2026, with distributions reinvested, VCSH returned +1.3% and VTEB −0.4%.

Which is cheaper, VCSH or VTEB?

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

Data as of Oct 28, 2026.

Across categories

VCSH vs VTEB: Differences, Returns & Fees

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VCSH's duration was 2.7 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: $43.9bn for Vanguard Short-Term Corporate Bond ETF and $49.6bn for Vanguard Tax-Exempt Bond ETF.

VCSH on its own →VTEB on its own →

At a glance

+1.3%

VCSH total return, 1 year

−0.4%

VTEB total return, 1 year

0.03%

VCSH expense ratio

0.03%

VTEB expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 1.7 points; VTEB is 1.1 times larger.

Points (pts) are percentage points.

VCSH vs VTEB: Differences, Returns & Fees
Measure	VCSH	VTEB
Return
Measure	VCSH	VTEB
Total return, 1 year	+1.3%	−0.4%
Benchmark
Measure	VCSH	VTEB
What it tracks	Bloomberg U.S. 1-5 Year Corporate Bond Index	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	VCSH	VTEB
Expense ratio	0.03%	0.03%
Net assets, as of Sep 30, 2026	$43.9bn	$49.6bn
Holdings
Measure	VCSH	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

VCSH VTEB

Return

Total return edge VCSH +33.9% +26.3%

Annualized edge VCSH +2.6% +2.1%

Price return edge VCSH −2.4% −2.9%

Risk

Volatility edge VCSH 4.1% 6.7%

Max drawdown edge VCSH −11.3% −14.8%

Risk-adjusted

Sharpe edge VCSH 0.10 0.00

Sortino edge VCSH 0.14 0.01

Calmar edge VCSH 0.23 0.14

Reading

VCSH returned more: +33.9% to +26.3%. VCSH swung less: 4.1% to 6.7%. VCSH fell less at its worst: −11.3% to −14.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VCSH vs VTEB: Differences, Returns & Fees
Measure	VCSH	VTEB	Edge	How it is measured
Return
Total return	+33.9%	+26.3%	VCSH	Price change plus distributions, reinvested.
Annualized	+2.6%	+2.1%	VCSH	Total return as a yearly rate.
Price return	−2.4%	−2.9%	VCSH	Price change alone, distributions left out.
Risk
Volatility	4.1%	6.7%	VCSH	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.0%	4.6%	VCSH	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−11.3%	−14.8%	VCSH	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.10	0.00	VCSH	Return above Treasury bills per unit of volatility.
Sortino	0.14	0.01	VCSH	Return above Treasury bills per unit of downside deviation.
Calmar	0.23	0.14	VCSH	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, VCSH 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 VCSH VTEB

Only in one fund ↓

Only in VCSH

US TREASURY N/B, due May 31, 2028 0.83%

BANK OF AMER CRP, due Dec 20, 2028 0.23%

ABBVIE INC, due Nov 21, 2029 0.21%

CVS HEALTH CORP, due Mar 25, 2028 0.20%

T-MOBILE USA INC, due Apr 15, 2030 0.19%

BOEING CO, due May 1, 2030 0.19%

WELLS FARGO CO, due Jul 25, 2029 0.18%

JPMORGAN CHASE, due Apr 23, 2032 0.18%

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

VCSH Vanguard Short-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 Short-Term Corporate Bond Tracks an index of Tax-Exempt Bond

Total return, 1 year +1.3% −0.4%

Its benchmark over the same days +1.3% (SCHJ) not measured

Gap to its benchmark 0.0 pts vs SCHJ not measured

Expense ratio 0.03% 0.03%

Holdings 3064 11155

Net assets, as of Sep 30, 2026 $43.9bn $49.6bn

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

Client brief · page 1 of 2 Report BR-9A6F6B5913

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

What each follows. VCSH follows Bloomberg U.S. 1-5 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).
Number of holdings. VCSH holds 3,064 positions and VTEB holds 11155.

Data as of Oct 28, 2026.

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About each fund

VCSH

VCSH tracks an index of Short-Term Corporate Bond. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against +1.3% for its benchmark, the Bloomberg U.S. 1-5 Year Corporate Bond Index. The prospectus expense ratio is 0.03% 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.

Questions people ask

Which returned more over the last year, VCSH or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, VCSH returned +1.3% and VTEB −0.4%.
Which is cheaper, VCSH or VTEB?: Neither: VCSH and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs VCSH HYMB vs VCSH IUSB vs VCSH VCSH vs VGIT BSV vs VTEB SPSB vs VTEB IGSB vs VTEB BND vs VTEB

Where to next

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

Sources and dates

VCSH filings on SEC EDGAR ↗

VCSH prospectus with the expense ratio (SEC) ↗

Vanguard page for VCSH ↗

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

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