ETF comparison

MUBvsVTEB

Both US Municipal Bond.

iShares National Muni Bond ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
26.1%

3,353 positions appear in both funds. Buying equal dollars of MUB and VTEB would leave roughly26.1%of each dollar exposed to the same underlying securities.

MUB only 73.4%Shared 26.1%VTEB only 72.4%
In MUB only
3,301 positions
Shared
3,353 positions
In VTEB only
6,832 positions

Side by side

MUB

iShares National Muni Bond ETF

iShares · US Municipal Bond

97composite / 100
Expense ratio
0.050%
Net assets
$45.38B
TTM yield
3.33%
Top-10 conc.
2.5%
VTEB

Vanguard Tax-Exempt Bond Index Fund ETF Shares

Vanguard · US Municipal Bond

97composite / 100
Expense ratio
0.030%
Net assets
$49.07B
TTM yield
3.53%
Top-10 conc.
2.0%

Sub-score comparison

95
Cost
97
93
Tax efficiency
93
100
Liquidity
100
100
Concentration
100
Tracking quality
MUBsub-scoreVTEB

Tracking quality isn't part of the composite — seewhat we don't scorefor 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 thecost calculator pre-filled with MUB vs VTEB.

Top shared holdings

3,353 shared in total
#HoldingIn MUBIn VTEBOverlap
1New York State Dormitory Authority0.13%0.08%0.08%
2Ohio State University (The)0.13%0.08%0.08%
3New York State Dormitory Authority0.08%0.08%0.08%
4State of Illinois0.11%0.07%0.07%
5Triborough Bridge & Tunnel Authority0.09%0.07%0.07%
6Houston Higher Education Finance Corp.0.13%0.06%0.06%
7New Jersey Educational Facilities Authority0.11%0.06%0.06%
8Empire State Development Corp.0.09%0.06%0.06%
9State of Maryland Department of Transportation0.06%0.06%0.06%
10Los Angeles Unified School District0.06%0.06%0.06%
11State of New Jersey0.13%0.06%0.06%
12New York City Transitional Finance Authority Future Tax Secured0.05%0.07%0.05%

Only in MUB

3,301 total
  • BlackRock Liquidity Funds1.28%
  • Board of Regents of the University of Texas System0.19%
  • San Antonio Water System0.14%
  • Triborough Bridge & Tunnel Authority0.14%
  • New York City Transitional Finance Authority Future Tax Secured0.13%
  • State of California0.12%
  • Pennsylvania Turnpike Commission0.12%
  • Long Island Power Authority0.11%
  • Orlando Utilities Commission0.11%
  • Washoe County School District0.11%

Only in VTEB

6,832 total
  • Triborough Bridge & Tunnel Authority0.11%
  • Colorado State Education Loan Program0.11%
  • New York City Transitional Finance Authority Future Tax Secured Revenue0.09%
  • Public Finance Authority0.08%
  • New Hampshire Municipal Bond Bank0.08%
  • Los Angeles Unified School District/CA0.07%
  • New Jersey Transportation Trust Fund Authority0.07%
  • Salt River Project Agricultural Improvement & Power District0.07%
  • JobsOhio Beverage System0.07%
  • Commonwealth of Pennsylvania0.06%

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 methodologyand 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.