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Data as of Oct 28, 2026.

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VGSH vs VTEB: Differences, Returns & Fees

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VGSH's duration was 1.8 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: $35.1bn for Vanguard Short-Term Treasury ETF and $49.6bn for Vanguard Tax-Exempt Bond ETF.

VGSH on its own →VTEB on its own →
At a glance
+1.7%
VGSH total return, 1 year
−0.4%
VTEB total return, 1 year
0.03%
VGSH expense ratio
0.03%
VTEB expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 2.1 points; VTEB is 1.4 times larger.

Points (pts) are percentage points.

VGSH vs VTEB: Differences, Returns & Fees
MeasureVGSHVTEB
Return
Total return, 1 year+1.7%−0.4%
Benchmark
What it tracksBloomberg U.S. Treasury 1-3 Year IndexS&P National AMT-Free Municipal Bond Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$35.1bn$49.6bn
Holdings
Holdings in common0%

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

What they share

0%

By the books each fund has filed, VGSH and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VGSH VTEB
Only in one fund ↓
Only in VGSH
US TREASURY N/B, due Jan 31, 2028 2.24%
US TREASURY N/B, due Apr 30, 2029 1.40%
US TREASURY N/B, due Jul 31, 2027 1.35%
US TREASURY N/B, due Feb 28, 2029 1.31%
US TREASURY N/B, due Mar 31, 2029 1.30%
US TREASURY N/B, due Jun 15, 2027 1.29%
US TREASURY N/B, due May 15, 2027 1.26%
US TREASURY N/B, due Aug 15, 2027 1.26%
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

VGSH Vanguard Short-Term Treasury 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 Treasury Tracks an index of Tax-Exempt Bond
Total return, 1 year +1.7% −0.4%
Its benchmark over the same days +1.8% (SCHO) not measured
Gap to its benchmark −0.1 pts vs SCHO not measured
Expense ratio 0.03% 0.03%
Holdings 93 11155
Net assets, as of Sep 30, 2026 $35.1bn $49.6bn

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

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About each fund
VGSH

VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year 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, VGSH or VTEB?
In the year to Oct 28, 2026, with distributions reinvested, VGSH returned +1.7% and VTEB −0.4%.
Which is cheaper, VGSH or VTEB?
Neither: VGSH and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.
Other comparisons
MUB vs VGSHHYMB vs VGSHIUSB vs VGSHVCIT vs VGSHSHY vs VTEBIEI vs VTEBJAAA vs VTEBVGIT vs VTEB
Where to next
VGSH on its own →VTEB on its own →Hold both: look the portfolio through →Rankings →VGSH dividend history →VGSH holdings →VTEB dividend history →VTEB holdings →Standards and sources →
Sources and dates
VGSH filings on SEC EDGAR ↗
VGSH prospectus with the expense ratio (SEC) ↗
Vanguard page for VGSH ↗
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, VGSH against VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/vgsh-vs-vteb

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