ETF comparison
MUB vs VTEB
Both US Municipal Bond.
iShares National Muni Bond ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares
Holdings overlap
3,544 positions appear in both funds. Buying equal dollars of MUB and VTEB would leave roughly 26.8% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
VTEB is 2 bps cheaper than MUB. On a $100,000 position that's about $20/yr more in fees for MUB.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with MUB vs VTEB.
Top shared holdings
3,544 shared in total| # | Holding | In MUB | In VTEB | Overlap |
|---|---|---|---|---|
| 1 | State of Illinois | 0.11% | 0.08% | 0.08% |
| 2 | Ohio State University (The) | 0.12% | 0.08% | 0.08% |
| 3 | New York State Dormitory Authority | 0.08% | 0.08% | 0.08% |
| 4 | Triborough Bridge & Tunnel Authority | 0.09% | 0.06% | 0.06% |
| 5 | Houston Higher Education Finance Corp. | 0.12% | 0.06% | 0.06% |
| 6 | New York State Dormitory Authority | 0.13% | 0.06% | 0.06% |
| 7 | Commonwealth of Massachusetts | 0.10% | 0.06% | 0.06% |
| 8 | New Jersey Educational Facilities Authority | 0.11% | 0.05% | 0.05% |
| 9 | State of Maryland Department of Transportation | 0.06% | 0.05% | 0.05% |
| 10 | Empire State Development Corp. | 0.08% | 0.05% | 0.05% |
| 11 | New York City Transitional Finance Authority Future Tax Secured | 0.05% | 0.07% | 0.05% |
| 12 | City of Los Angeles CA | 0.06% | 0.05% | 0.05% |
Only in MUB
3,508 total- San Antonio Water System 0.15%
- State of California 0.12%
- City of Seattle 0.11%
- City of Houston Combined Utility System 0.11%
- Triborough Bridge & Tunnel Authority 0.11%
- County of King 0.11%
- Washoe County School District 0.11%
- Metropolitan Atlanta Rapid Transit Authority 0.10%
- City of Colorado Springs Utilities System 0.09%
- San Diego Unified School District 0.09%
Only in VTEB
7,047 total- State of Idaho 0.10%
- State of Maryland 0.09%
- New York State Thruway Authority 0.09%
- Triborough Bridge & Tunnel Authority 0.09%
- Energy Northwest 0.08%
- Energy Northwest 0.08%
- New York State Thruway Authority 0.07%
- City of New York NY 0.07%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.07%
- New York State Thruway Authority 0.07%
Related comparisons
More comparisons with MUB
- MUB vs SCMB · Schwab Municipal Bond ETF 21.5%
- MUB vs PZA · Invesco National AMT-Free Municipal Bond ETF 20.4%
- MUB vs SUB · iShares Short-Term National Muni Bond ETF 9.7%
- MUB vs CMF · iShares California Muni Bond ETF 9.7%
- MUB vs NYF · iShares New York Muni Bond ETF 5.6%
- MUB vs ITM · VanEck Intermediate Muni ETF 3.7%
More comparisons with VTEB
- VTEB vs SUB · iShares Short-Term National Muni Bond ETF 8.1%
- VTEB vs CMF · iShares California Muni Bond ETF 7.6%
- VTEB vs NYF · iShares New York Muni Bond ETF 5.6%
- VTEB vs ITM · VanEck Intermediate Muni ETF 4.3%
- VTEB vs CGMU · Capital Group Municipal Income ETF 3.4%
- VTEB vs JMUB · JPMorgan Municipal ETF 3.4%
Percentages are holdings overlap with the named fund.
Open MUB or VTEB at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.