Skip to main content
PlainIndex
Menu

ETF comparison

HYD vs VTEB

Both US Municipal Bond.

VanEck High Yield Muni ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
1.7 %

131 positions appear in both funds. Buying equal dollars of HYD and VTEB would leave roughly 1.7% of each dollar exposed to the same underlying securities.

HYD unmatched 95.1% Shared 1.7% VTEB unmatched 97.2%

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 HYD only
1,972 positions
Shared
131 positions
In VTEB only
10,460 positions

Side by side

HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

81 composite / 100
Expense ratio
0.32%
Net assets
$3.89B
TTM yield
4.51%
Top-10 conc.
6.3%
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

68
Cost
97
93
Tax efficiency
93
82
Liquidity
100
100
Concentration
100
—
Tracking quality
—
HYD sub-score VTEB

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

Cost difference

VTEB is 29 bps cheaper than HYD. On a $100,000 position that's about $290/yr more in fees for HYD.

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 HYD vs VTEB.

Top shared holdings

131 shared in total
# Holding In HYD In VTEB Overlap
1 State of Illinois 0.09% 0.08% 0.08%
2 County of Jefferson AL Sewer Revenue 0.39% 0.05% 0.05%
3 State of Illinois 0.11% 0.05% 0.05%
4 New Jersey Educational Facilities Authority 0.05% 0.05% 0.05%
5 Texas Water Development Board 0.04% 0.06% 0.04%
6 City of Chicago IL 0.07% 0.04% 0.04%
7 New York State Thruway Authority 0.07% 0.04% 0.04%
8 Connecticut State Health & Educational Facilities Authority 0.06% 0.04% 0.04%
9 Alameda Corridor Transportation Authority 0.04% 0.04% 0.04%
10 Connecticut State Health & Educational Facilities Authority 0.08% 0.04% 0.04%
11 Long Island Power Authority 0.03% 0.05% 0.03%
12 State of Illinois 0.19% 0.03% 0.03%

Only in HYD

1,972 total
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.98%
  • Chicago Board of Education 0.79%
  • Tobacco Settlement Financing Corp 0.71%
  • Buckeye Tobacco Settlement Financing Authority 0.69%
  • New York Transportation Development Corp 0.61%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.58%
  • Chicago Board of Education 0.53%
  • Florida Development Finance Corp 0.52%
  • New York Transportation Development Corp 0.48%
  • Arkansas Development Finance Authority 0.45%

Only in VTEB

10,460 total
  • City of New York NY 0.12%
  • University of California 0.11%
  • State of Idaho 0.10%
  • State of California 0.10%
  • State of Maryland 0.09%
  • New York State Thruway Authority 0.09%
  • Triborough Bridge & Tunnel Authority 0.09%
  • Dallas Independent School District 0.08%
  • Ohio Water Development Authority Water Pollution Control Loan Fund 0.08%
  • Energy Northwest 0.08%

Related comparisons

More comparisons with HYD

More comparisons with VTEB

Percentages are holdings overlap with the named fund.

Open HYD 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.