ETF comparison
MUB vs VTEB
Both US Municipal Bond.
iShares National Muni Bond ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares
Holdings overlap
3,224 positions appear in both funds. Buying equal dollars of MUB and VTEB would leave roughly 25.5% 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
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 the cost calculator pre-filled with MUB vs VTEB.
Top shared holdings
3,224 shared in total| # | Holding | In MUB | In VTEB | Overlap |
|---|---|---|---|---|
| 1 | New York State Dormitory Authority | 0.14% | 0.08% | 0.08% |
| 2 | Ohio State University (The) | 0.14% | 0.08% | 0.08% |
| 3 | New York State Dormitory Authority | 0.08% | 0.08% | 0.08% |
| 4 | State of Illinois | 0.11% | 0.07% | 0.07% |
| 5 | Triborough Bridge & Tunnel Authority | 0.09% | 0.07% | 0.07% |
| 6 | Houston Higher Education Finance Corp. | 0.15% | 0.06% | 0.06% |
| 7 | New Jersey Educational Facilities Authority | 0.12% | 0.06% | 0.06% |
| 8 | Empire State Development Corp. | 0.10% | 0.06% | 0.06% |
| 9 | State of Maryland Department of Transportation | 0.06% | 0.06% | 0.06% |
| 10 | New York City Transitional Finance Authority Future Tax Secured | 0.06% | 0.07% | 0.06% |
| 11 | Los Angeles Unified School District | 0.07% | 0.06% | 0.06% |
| 12 | State of New Jersey | 0.13% | 0.06% | 0.06% |
Only in MUB
3,040 total- BlackRock Liquidity Funds 0.56%
- Board of Regents of the University of Texas System 0.21%
- Connecticut State Health & Educational Facilities Authority 0.20%
- State of California 0.13%
- Pennsylvania Turnpike Commission 0.12%
- New Jersey Educational Facilities Authority 0.12%
- Washoe County School District 0.12%
- Commonwealth of Massachusetts 0.11%
- San Diego Unified School District 0.10%
- City of Colorado Springs Utilities System 0.10%
Only in VTEB
6,961 total- Triborough Bridge & Tunnel Authority 0.11%
- Colorado State Education Loan Program 0.11%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.09%
- Public Finance Authority 0.08%
- New Hampshire Municipal Bond Bank 0.08%
- Los Angeles Unified School District/CA 0.07%
- New Jersey Transportation Trust Fund Authority 0.07%
- Salt River Project Agricultural Improvement & Power District 0.07%
- JobsOhio Beverage System 0.07%
- Commonwealth of Pennsylvania 0.06%
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 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.