Data as of Oct 28, 2026.
VEA vs VTEB: Differences, Returns & Fees
Over the year to Oct 28, 2026, VEA returned +17.1% to VTEB's −0.4%; 0% of their weight is in the same names.
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Net assets on Sep 30, 2026: $231.6bn for Vanguard FTSE Developed Markets ETF and $49.6bn for Vanguard Tax-Exempt Bond ETF.
Pair scorecard
Both cost 0.03% a year; their one-year returns differ by 17.5 points; VEA is 4.7 times larger.
| Measure | VEA | VTEB |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.1% | −0.4% |
| Drawdown | ||
| Below its high | 4.4%, high on Aug 25, 2026 | |
| Benchmark | ||
| What it tracks | FTSE Developed All Cap ex US Index | S&P National AMT-Free Municipal Bond Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.03% |
| Net assets, as of Sep 30, 2026 | $231.6bn | $49.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 13.6% | |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Sep 4, 2015 to Oct 23, 2026 · 581 weekly returnsVEA returned more: +167.0% to +26.3%. VTEB swung less: 6.7% to 16.9%. VTEB fell less at its worst: −14.8% to −34.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VEA | VTEB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +167.0% | +26.3% | VEA | Price change plus distributions, reinvested. |
| Annualized | +9.2% | +2.1% | VEA | Total return as a yearly rate. |
| Price return | +92.4% | −2.9% | VEA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 6.7% | VTEB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.9% | 4.6% | VTEB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.6% | −14.8% | VTEB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.47 | 0.00 | VEA | Return above Treasury bills per unit of volatility. |
| Sortino | 0.67 | 0.01 | VEA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.27 | 0.14 | VEA | 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, VEA and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
VEA and VTEB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VEA and VTEB do different jobs. What does each one do in a portfolio?
- What each follows. VEA follows FTSE Developed All Cap ex US 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 Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VEA returned +17.1% and VTEB −0.4% with distributions reinvested, a gap of 17.5 points.
Data as of Oct 28, 2026.
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VEA
VEA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,906 positions, with the top ten at 13.6%. It sat 4.4% below its high of Aug 25, 2026 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
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, VEA against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/vea-vs-vteb
ETFIQ. (Oct 28, 2026). VEA against VTEB. Retrieved from https://etfiq.com/compare/any/vea-vs-vteb
[VEA against VTEB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vea-vs-vteb)
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