ETF comparison

SCMBvsVTEB

Both US Municipal Bond.

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

Holdings overlap

Weighted by ISIN/CUSIP
29.2%

4,394 positions appear in both funds. Buying equal dollars of SCMB and VTEB would leave roughly29.2%of each dollar exposed to the same underlying securities.

SCMB only 69.8%Shared 29.2%VTEB only 69.3%
In SCMB only
2,451 positions
Shared
4,394 positions
In VTEB only
5,791 positions

Side by side

SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

93composite / 100
Expense ratio
0.030%
Net assets
$4.18B
TTM yield
3.67%
Top-10 conc.
1.9%
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

97
Cost
97
93
Tax efficiency
93
84
Liquidity
100
100
Concentration
100
Tracking quality
SCMBsub-scoreVTEB

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

Expense ratios are effectively identical (0.030% vs 0.030%).

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 SCMB vs VTEB.

Top shared holdings

4,394 shared in total
#HoldingIn SCMBIn VTEBOverlap
1New York State Dormitory Authority0.08%0.08%0.08%
2Los Angeles Unified School District/CA0.14%0.07%0.07%
3Ohio State University/The0.07%0.08%0.07%
4Triborough Bridge & Tunnel Authority0.09%0.06%0.06%
5Massachusetts Development Finance Agency0.10%0.06%0.06%
6Salt River Project Agricultural Improvement & Power District0.07%0.06%0.06%
7New York State Dormitory Authority0.06%0.08%0.06%
8County of Jefferson AL Sewer Revenue0.06%0.06%0.06%
9Los Angeles Unified School District/CA0.07%0.06%0.06%
10Commonwealth of Massachusetts0.14%0.06%0.06%
11California Educational Facilities Authority0.06%0.07%0.06%
12City of New York NY0.14%0.06%0.06%

Only in SCMB

2,451 total
  • City of New York NY0.20%
  • New York City Municipal Water Finance Authority0.17%
  • State of California0.15%
  • State of Oregon Department of Transportation0.14%
  • County of Wake NC0.14%
  • City of New York NY0.14%
  • Gwinnett County School District0.14%
  • Great Lakes Water Authority Water Supply System Revenue0.14%
  • University of California0.14%
  • New York City Municipal Water Finance Authority0.13%

Only in VTEB

5,791 total
  • Triborough Bridge & Tunnel Authority0.11%
  • Colorado State Education Loan Program0.11%
  • New York City Transitional Finance Authority Future Tax Secured Revenue0.09%
  • Dallas Independent School District0.09%
  • New York City Transitional Finance Authority Future Tax Secured Revenue0.08%
  • Public Finance Authority0.08%
  • New Hampshire Municipal Bond Bank0.08%
  • New Jersey Transportation Trust Fund Authority0.07%
  • State of Wisconsin0.07%
  • New York City Transitional Finance Authority Future Tax Secured Revenue0.07%

Open SCMB 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.