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

In the year to Oct 28, 2026, with distributions reinvested, VOO returned +13.7% and VTEB −0.4%.

Which is cheaper, VOO or VTEB?

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

Data as of Oct 28, 2026.

Across categories

VOO vs VTEB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VOO returned +13.7% to VTEB's −0.4%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $1.0tn for Vanguard S&P 500 ETF and $49.6bn for Vanguard Tax-Exempt Bond ETF.

VOO on its own →VTEB on its own →

At a glance

+13.7%

VOO total return, 1 year

−0.4%

VTEB total return, 1 year

0.03%

VOO expense ratio

0.03%

VTEB expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 14.1 points; VOO is far larger, $1.0tn against $49.6bn.

Points (pts) are percentage points.

VOO vs VTEB: Differences, Returns & Fees
Measure	VOO	VTEB
Return
Measure	VOO	VTEB
Total return, 1 year	+13.7%	−0.4%
Benchmark
Measure	VOO	VTEB
What it tracks	S&P 500 Index	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	VOO	VTEB
Expense ratio	0.03%	0.03%
Net assets, as of Sep 30, 2026	$1.0tn	$49.6bn
Holdings
Measure	VOO	VTEB
Holdings in common	0%
In the S&P 500, by weight	100%
Top ten holdings, share of the fund	39.1%

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

Risk and return

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

VOO VTEB

Return

Total return edge VOO +378.1% +26.3%

Annualized edge VOO +15.0% +2.1%

Price return edge VOO +295.8% −2.9%

Risk

Volatility edge VTEB 16.7% 6.7%

Max drawdown edge VTEB −31.8% −14.8%

Risk-adjusted

Sharpe edge VOO 0.79 0.00

Sortino edge VOO 1.13 0.01

Calmar edge VOO 0.47 0.14

Reading

VOO returned more: +378.1% to +26.3%. VTEB swung less: 6.7% to 16.7%. VTEB fell less at its worst: −14.8% to −31.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VOO vs VTEB: Differences, Returns & Fees
Measure	VOO	VTEB	Edge	How it is measured
Return
Total return	+378.1%	+26.3%	VOO	Price change plus distributions, reinvested.
Annualized	+15.0%	+2.1%	VOO	Total return as a yearly rate.
Price return	+295.8%	−2.9%	VOO	Price change alone, distributions left out.
Risk
Volatility	16.7%	6.7%	VTEB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	11.6%	4.6%	VTEB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−31.8%	−14.8%	VTEB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.79	0.00	VOO	Return above Treasury bills per unit of volatility.
Sortino	1.13	0.01	VOO	Return above Treasury bills per unit of downside deviation.
Calmar	0.47	0.14	VOO	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, VOO 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 VOO VTEB

Only in one fund ↓

Only in VOO

NVIDIA Corp 8.40%

Apple Inc 7.39%

Microsoft Corp 5.79%

Amazon.com Inc 3.72%

Alphabet Inc 3.07%

Broadcom Inc 2.54%

Alphabet Inc 2.46%

Meta Platforms Inc 2.43%

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

VOO Vanguard S&P 500 ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Stock ETF Bond ETF

Issuer Vanguard Vanguard

What it is Tracks the S&P 500 Tracks an index of Tax-Exempt Bond

Total return, 1 year +13.7% −0.4%

Its benchmark over the same days +13.7% (IVV) not measured

Gap to its benchmark 0.0 pts vs IVV not measured

Expense ratio 0.03% 0.03%

Holdings 507 11155

Net assets, as of Sep 30, 2026 $1.0tn $49.6bn

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

Client brief · page 1 of 2 Report BR-336D6F43D8

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

What each follows. VOO follows S&P 500 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 VOO returned +13.7% and VTEB −0.4% with distributions reinvested, a gap of 14.1 points.

Data as of Oct 28, 2026.

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About each fund

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

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, VOO or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, VOO returned +13.7% and VTEB −0.4%.
Which is cheaper, VOO or VTEB?: Neither: VOO and VTEB both charge 0.03% a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs VOO HYMB vs VOO IUSB vs VOO BSV vs VOO IVV vs VTEB SPY vs VTEB DYNF vs VTEB USMV vs VTEB

Where to next

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

Sources and dates

VOO filings on SEC EDGAR ↗

VOO prospectus with the expense ratio (SEC) ↗

Vanguard page for VOO ↗

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

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