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

In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VTEB −0.4%.

Which is cheaper, VO or VTEB?

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

Data as of Oct 28, 2026.

Across categories

VO vs VTEB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VO returned +12.8% to VTEB's −0.4%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $103.4bn for Vanguard Morningstar Mid-Cap ETF and $49.6bn for Vanguard Tax-Exempt Bond ETF.

VO on its own →VTEB on its own →

At a glance

+12.8%

VO total return, 1 year

−0.4%

VTEB total return, 1 year

0.03%

VO expense ratio

0.03%

VTEB expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 13.2 points; VO is 2.1 times larger.

VO vs VTEB: Differences, Returns & Fees
Measure	VO	VTEB
Return
Measure	VO	VTEB
Total return, 1 year	+12.8%	−0.4%
Drawdown
Measure	VO	VTEB
Below its high	3.1%, high on Aug 14, 2026
Benchmark
Measure	VO	VTEB
What it tracks	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	VO	VTEB
Expense ratio	0.03%	0.03%
Net assets, as of Sep 30, 2026	$103.4bn	$49.6bn
Holdings
Measure	VO	VTEB
Holdings in common	0%
In the S&P 500, by weight	91%
Top ten holdings, share of the fund	9.7%

Holdings in common uses holdings dated Sep 30, 2026. Method

What they share

By the books each fund has filed, VO and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VO VTEB

Only in one fund ↓

Only in VO

Cloudflare Inc 1.11%

Valero Energy Corp 1.10%

Marathon Petroleum Corp 1.10%

Phillips 66 1.01%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Only in VTEB

Vanguard Municipal Low Duration Fund 0.69%

State of California 0.15%

State of California 0.14%

New York State Dormitory Authority 0.13%

State of Illinois 0.12%

Ohio State University 0.12%

City of New York NY 0.10%

State of Wisconsin 0.10%

Check overlap with more funds →

Side by side

VO Vanguard Morningstar Mid-Cap ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Stock ETF Bond ETF

Issuer Vanguard Vanguard

What it is Tracks an index of Mid-Cap Tracks an index of Tax-Exempt Bond

Total return, 1 year +12.8% −0.4%

Expense ratio 0.03% 0.03%

Holdings 273 11155

Net assets, as of Sep 30, 2026 $103.4bn $49.6bn

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

Alert

About each fund

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 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

Which returned more over the last year, VO or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VTEB −0.4%.
Which is cheaper, VO or VTEB?: Neither: VO and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs VO HYMB vs VO VCIT vs VO BNDX vs VO IJH vs VTEB MDY vs VTEB MOAT vs VTEB VTEB vs VXF

Where to next

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

Sources and dates

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

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

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