Data as of Oct 28, 2026.
VTEB vs VTWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, VTEB returned −0.4% to VTWO's +14.3%; 0% of their weight is in the same names.
askIQ about this page
askIQ about VTEB and VTWO
Net assets on Sep 30, 2026: $49.6bn for Vanguard Tax-Exempt Bond ETF and $16.6bn for Vanguard Russell 2000 ETF.
Pair scorecard
VTEB costs 0.03 points a year less; their one-year returns differ by 14.7 points; VTEB is 3.0 times larger.
| Measure | VTEB | VTWO |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.4% | +14.3% |
| Drawdown | ||
| Below its high | 7.5%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | S&P National AMT-Free Municipal Bond Index | Russell 2000 Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.06% |
| Net assets, as of Sep 30, 2026 | $49.6bn | $16.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 5.4% | |
Holdings in common uses holdings dated Sep 30, 2026. Method
What they share
By the books each fund has filed, VTEB and VTWO 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
VTEB and VTWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
VTWO
VTWO tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.06% 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 2,002 positions, with the top ten at 5.4%. It sat 7.5% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VTEB or VTWO?
- In the year to Oct 28, 2026, with distributions reinvested, VTEB returned −0.4% and VTWO +14.3%.
- Which is cheaper, VTEB or VTWO?
- VTEB is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
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 VTWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vteb-vs-vtwo
ETFIQ. (Oct 28, 2026). VTEB against VTWO. Retrieved from https://etfiq.com/compare/any/vteb-vs-vtwo
[VTEB against VTWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vteb-vs-vtwo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.