ETF comparison

SCMB vs VTEB

Both US Municipal Bond.

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

Holdings overlap

Weighted by ISIN/CUSIP
27.6 %

4,123 positions appear in both funds. Buying equal dollars of SCMB and VTEB would leave roughly 27.6% of each dollar exposed to the same underlying securities.

SCMB only 71.5% Shared 27.6% VTEB only 70.9%
In SCMB only
2,114 positions
Shared
4,123 positions
In VTEB only
6,062 positions

Side by side

SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

93 composite / 100
Expense ratio
0.030%
Net assets
$3.98B
TTM yield
3.54%
Top-10 conc.
2.3%
VTEB

Vanguard Tax-Exempt Bond Index Fund ETF Shares

Vanguard · US Municipal Bond

97 composite / 100
Expense ratio
0.030%
Net assets
$48.79B
TTM yield
3.38%
Top-10 conc.
2.0%

Sub-score comparison

97
Cost
97
93
Tax efficiency
93
83
Liquidity
100
100
Concentration
100
Tracking quality
SCMB sub-score VTEB

Tracking quality isn't part of the composite — see what we don't score for 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 the cost calculator pre-filled with SCMB vs VTEB.

Top shared holdings

4,123 shared in total
# Holding In SCMB In VTEB Overlap
1 Ohio State University/The 0.10% 0.08% 0.08%
2 New York State Dormitory Authority 0.08% 0.08% 0.08%
3 Los Angeles Unified School District/CA 0.20% 0.07% 0.07%
4 New York City Transitional Finance Authority Future Tax Secured Revenue 0.07% 0.08% 0.07%
5 Triborough Bridge & Tunnel Authority 0.09% 0.06% 0.06%
6 New York State Dormitory Authority 0.06% 0.08% 0.06%
7 Massachusetts Development Finance Agency 0.18% 0.06% 0.06%
8 State of Illinois 0.06% 0.08% 0.06%
9 Los Angeles Department of Water & Power 0.06% 0.08% 0.06%
10 California Educational Facilities Authority 0.06% 0.07% 0.06%
11 Chicago Board of Education Dedicated Capital Improvement Tax 0.06% 0.06% 0.06%
12 State of Maryland Department of Transportation 0.06% 0.06% 0.06%

Only in SCMB

2,114 total
  • City of New York NY 0.27%
  • City of New York NY 0.24%
  • City of New York NY 0.22%
  • State of Oregon Department of Transportation 0.21%
  • Gwinnett County School District 0.20%
  • New York City Municipal Water Finance Authority 0.19%
  • State of Maryland 0.17%
  • State of California 0.16%
  • Highland Park Independent School District/Dallas County 0.16%
  • County of Wake NC 0.16%

Only in VTEB

6,062 total
  • University of California 0.12%
  • Triborough Bridge & Tunnel Authority 0.11%
  • Colorado State Education Loan Program 0.11%
  • Dallas Independent School District 0.09%
  • Public Finance Authority 0.08%
  • New Hampshire Municipal Bond Bank 0.08%
  • New Jersey Transportation Trust Fund Authority 0.07%
  • State of Wisconsin 0.07%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.07%
  • JobsOhio Beverage System 0.07%

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 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.