ETF comparison
SCMB vs VTEB
Both US Municipal Bond.
Schwab Municipal Bond ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares
Holdings overlap
4,123 positions appear in both funds. Buying equal dollars of SCMB and VTEB would leave roughly 27.6% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
Expense ratios are effectively identical (0.030% vs 0.030%).
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 SCMB vs VTEB.
Top shared holdings
4,123 shared in total| # | Holding | In SCMB | In VTEB | Overlap |
|---|---|---|---|---|
| 1 | Ohio State University/The | 0.10% | 0.08% | 0.08% |
| 2 | New York State Dormitory Authority | 0.08% | 0.08% | 0.08% |
| 3 | Los Angeles Unified School District/CA | 0.20% | 0.07% | 0.07% |
| 4 | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.07% | 0.08% | 0.07% |
| 5 | Triborough Bridge & Tunnel Authority | 0.09% | 0.06% | 0.06% |
| 6 | New York State Dormitory Authority | 0.06% | 0.08% | 0.06% |
| 7 | Massachusetts Development Finance Agency | 0.18% | 0.06% | 0.06% |
| 8 | State of Illinois | 0.06% | 0.08% | 0.06% |
| 9 | Los Angeles Department of Water & Power | 0.06% | 0.08% | 0.06% |
| 10 | California Educational Facilities Authority | 0.06% | 0.07% | 0.06% |
| 11 | Chicago Board of Education Dedicated Capital Improvement Tax | 0.06% | 0.06% | 0.06% |
| 12 | State of Maryland Department of Transportation | 0.06% | 0.06% | 0.06% |
Only in SCMB
2,114 total- City of New York NY 0.27%
- City of New York NY 0.24%
- City of New York NY 0.22%
- State of Oregon Department of Transportation 0.21%
- Gwinnett County School District 0.20%
- New York City Municipal Water Finance Authority 0.19%
- State of Maryland 0.17%
- State of California 0.16%
- Highland Park Independent School District/Dallas County 0.16%
- County of Wake NC 0.16%
Only in VTEB
6,062 total- University of California 0.12%
- Triborough Bridge & Tunnel Authority 0.11%
- Colorado State Education Loan Program 0.11%
- Dallas Independent School District 0.09%
- Public Finance Authority 0.08%
- New Hampshire Municipal Bond Bank 0.08%
- New Jersey Transportation Trust Fund Authority 0.07%
- State of Wisconsin 0.07%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.07%
- JobsOhio Beverage System 0.07%
Open SCMB 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.