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

In the year to Oct 28, 2026, with distributions reinvested, VTEB returned −0.4% and VTV +23.5%.

Which is cheaper, VTEB or VTV?

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

Data as of Oct 28, 2026.

Across categories

VTEB vs VTV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VTEB returned −0.4% to VTV's +23.5%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $49.6bn for Vanguard Tax-Exempt Bond ETF and $184.2bn for Vanguard Morningstar Value ETF.

VTEB on its own →VTV on its own →

At a glance

−0.4%

VTEB total return, 1 year

+23.5%

VTV total return, 1 year

0.03%

VTEB expense ratio

0.03%

VTV expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 23.9 points; VTV is 3.7 times larger.

VTEB vs VTV: Differences, Returns & Fees
Measure	VTEB	VTV
Return
Measure	VTEB	VTV
Total return, 1 year	−0.4%	+23.5%
Benchmark
Measure	VTEB	VTV
What it tracks	S&P National AMT-Free Municipal Bond Index	Morningstar US Large Cap Value Index
Cost and size
Measure	VTEB	VTV
Expense ratio	0.03%	0.03%
Net assets, as of Sep 30, 2026	$49.6bn	$184.2bn
Holdings
Measure	VTEB	VTV
Holdings in common	0%
In the S&P 500, by weight		98%
Top ten holdings, share of the fund		23.6%

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

What they share

By the books each fund has filed, VTEB and VTV 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 VTEB VTV

Only in one fund ↓

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%

Only in VTV

Micron Technology Inc 4.56%

JPMorgan Chase & Co 3.33%

Berkshire Hathaway Inc 2.92%

ExxonMobil Holdings Corp 2.56%

Johnson & Johnson 2.42%

AbbVie Inc 1.75%

Walmart Inc 1.72%

Chevron Corp 1.45%

Check overlap with more funds →

Side by side

VTEB Vanguard Tax-Exempt Bond ETF VTV Vanguard Morningstar Value ETF

Where it sits Bond ETF Stock ETF

Issuer Vanguard Vanguard

What it is Tracks an index of Tax-Exempt Bond Tracks an index of US value

Total return, 1 year −0.4% +23.5%

Expense ratio 0.03% 0.03%

Holdings 11155 300

Net assets, as of Sep 30, 2026 $49.6bn $184.2bn

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

Alert

About each fund

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

VTV

VTV tracks an index of US value. Over the year to Oct 28, 2026 it returned +23.5% with distributions reinvested. By its holdings published by its issuer as of Sep 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 300 positions, with the top ten at 23.6%.

Questions people ask

Which returned more over the last year, VTEB or VTV?: In the year to Oct 28, 2026, with distributions reinvested, VTEB returned −0.4% and VTV +23.5%.
Which is cheaper, VTEB or VTV?: Neither: VTEB and VTV both charge 0.03% a year. Fees come from each fund's prospectus.

Other comparisons

SCHD vs VTEB IWD vs VTEB VTEB vs VYM DGRO vs VTEB MUB vs VTV HYMB vs VTV BNDX vs VTV AGG vs VTV

Where to next

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

Sources and dates

VTEB filings on SEC EDGAR ↗

VTEB prospectus with the expense ratio (SEC) ↗

Vanguard page for VTEB ↗

VTV filings on SEC EDGAR ↗

VTV prospectus with the expense ratio (SEC) ↗

Vanguard page for VTV ↗

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

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