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ETF comparison

JMUB vs VTEB

Both US Municipal Bond.

JPMorgan Municipal ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
3.2 %

256 positions appear in both funds. Buying equal dollars of JMUB and VTEB would leave roughly 3.2% of each dollar exposed to the same underlying securities.

JMUB unmatched 90.3% Shared 3.2% VTEB unmatched 95.8%

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 JMUB only
1,723 positions
Shared
256 positions
In VTEB only
10,335 positions

Side by side

JMUB

JPMorgan Municipal ETF

JPMorgan · US Municipal Bond

90 composite / 100
Expense ratio
0.18%
Net assets
$8.23B
TTM yield
3.52%
Top-10 conc.
5.7%
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

82
Cost
97
93
Tax efficiency
93
96
Liquidity
100
100
Concentration
100
—
Tracking quality
—
JMUB sub-score VTEB

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

Cost difference

VTEB is 15 bps cheaper than JMUB. On a $100,000 position that's about $150/yr more in fees for JMUB.

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 JMUB vs VTEB.

Top shared holdings

256 shared in total
# Holding In JMUB In VTEB Overlap
1 Ohio Water Development Authority Water Pollution Control Loan Fund 0.14% 0.08% 0.08%
2 New York City Transitional Finance Authority Future Tax Secured Revenue 0.12% 0.07% 0.07%
3 State of Wisconsin 0.42% 0.07% 0.07%
4 New Jersey Transportation Trust Fund Authority 0.15% 0.06% 0.06%
5 Long Island Power Authority 0.14% 0.05% 0.05%
6 Chicago Transit Authority Sales Tax Receipts Fund 0.18% 0.04% 0.04%
7 Arizona Industrial Development Authority 0.10% 0.04% 0.04%
8 New Jersey Transportation Trust Fund Authority 0.05% 0.04% 0.04%
9 Central Texas Turnpike System 0.11% 0.04% 0.04%
10 Massachusetts Development Finance Agency 0.07% 0.04% 0.04%
11 New York City Municipal Water Finance Authority 0.04% 0.04% 0.04%
12 City of San Antonio TX Electric & Gas Systems Revenue 0.14% 0.04% 0.04%

Only in JMUB

1,723 total
  • Black Belt Energy Gas District 0.77%
  • California Community Choice Financing Authority 0.70%
  • California Health Facilities Financing Authority 0.67%
  • California Community Choice Financing Authority 0.61%
  • Buckeye Tobacco Settlement Financing Authority 0.55%
  • Connecticut State Health & Educational Facilities Authority 0.52%
  • Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.51%
  • California Community Choice Financing Authority 0.49%
  • County of Utah UT 0.45%
  • Black Belt Energy Gas District 0.43%

Only in VTEB

10,335 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%
  • Energy Northwest 0.08%
  • New York State Dormitory Authority 0.08%

Percentages are holdings overlap with the named fund.

Open JMUB 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.