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ETF comparison

CGMU vs VTEB

Both US Municipal Bond.

Capital Group Municipal Income ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
3.4 %

244 positions appear in both funds. Buying equal dollars of CGMU and VTEB would leave roughly 3.4% of each dollar exposed to the same underlying securities.

CGMU unmatched 97.1% Shared 3.4% VTEB unmatched 95.5%

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.

In CGMU only
2,091 positions
Shared
244 positions
In VTEB only
10,347 positions

Side by side

CGMU

Capital Group Municipal Income ETF

Capital Group · US Municipal Bond

86 composite / 100
Expense ratio
0.27%
Net assets
$6.76B
TTM yield
3.47%
Top-10 conc.
5.1%
VTEB

Vanguard Tax-Exempt Bond Index Fund ETF Shares

Vanguard · US Municipal Bond

97 composite / 100
Expense ratio
0.030%
Net assets
$51.71B
whole fund, 2 share classes
TTM yield
3.50%
Top-10 conc.
0.9%

Sub-score comparison

73
Cost
97
93
Tax efficiency
93
93
Liquidity
100
100
Concentration
100
—
Tracking quality
—
CGMU sub-score VTEB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

VTEB is 24 bps cheaper than CGMU. On a $100,000 position that's about $240/yr more in fees for CGMU.

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 CGMU vs VTEB.

Top shared holdings

244 shared in total
# Holding In CGMU In VTEB Overlap
1 Triborough Bridge & Tunnel Authority 0.17% 0.09% 0.09%
2 State of Idaho 0.08% 0.10% 0.08%
3 Ohio State University/The 0.22% 0.08% 0.08%
4 Dallas Independent School District 0.07% 0.08% 0.07%
5 New York City Transitional Finance Authority Future Tax Secured Revenue 0.11% 0.07% 0.07%
6 University of California 0.06% 0.11% 0.06%
7 Chicago Board of Education Dedicated Capital Improvement Tax 0.09% 0.06% 0.06%
8 New Jersey Transportation Trust Fund Authority 0.12% 0.06% 0.06%
9 State of Maryland Department of Transportation 0.08% 0.05% 0.05%
10 City of Los Angeles CA 0.11% 0.05% 0.05%
11 North Carolina Capital Facilities Finance Agency 0.07% 0.05% 0.05%
12 University of California 0.19% 0.05% 0.05%

Only in CGMU

2,091 total
  • Commonwealth of Puerto Rico 0.82%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.69%
  • Black Belt Energy Gas District 0.53%
  • City of New York NY 0.51%
  • New York City Municipal Water Finance Authority 0.47%
  • California Community Choice Financing Authority 0.45%
  • County of Montgomery MD 0.44%
  • New York City Municipal Water Finance Authority 0.44%
  • Maryland Health & Higher Educational Facilities Authority 0.40%
  • Black Belt Energy Gas District 0.38%

Only in VTEB

10,347 total
  • City of New York NY 0.12%
  • State of California 0.10%
  • State of Maryland 0.09%
  • New York State Thruway Authority 0.09%
  • Ohio Water Development Authority Water Pollution Control Loan Fund 0.08%
  • Energy Northwest 0.08%
  • New York State Dormitory Authority 0.08%
  • New Jersey Turnpike Authority 0.08%
  • State of Illinois 0.08%
  • Energy Northwest 0.08%

Related comparisons

More comparisons with CGMU

More comparisons with VTEB

Percentages are holdings overlap with the named fund.

Open CGMU or VTEB at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.