PlainIndex
Menu

ETF comparison

SUB vs VTEB

Both US Municipal Bond.

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

Holdings overlap

Weighted by ISIN/CUSIP
6.9 %

729 positions appear in both funds. Buying equal dollars of SUB and VTEB would leave roughly 6.9% of each dollar exposed to the same underlying securities.

SUB only 93.3% Shared 6.9% VTEB only 91.6%
In SUB only
2,054 positions
Shared
729 positions
In VTEB only
9,456 positions

Side by side

SUB

iShares Short-Term National Muni Bond ETF

iShares · US Municipal Bond

96 composite / 100
Expense ratio
0.070%
Net assets
$11.38B
TTM yield
2.54%
Top-10 conc.
3.6%
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

93
Cost
97
93
Tax efficiency
93
100
Liquidity
100
100
Concentration
100
—
Tracking quality
—
SUB sub-score VTEB

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

Cost difference

VTEB is 4 bps cheaper than SUB. On a $100,000 position that's about $40/yr more in fees for SUB.

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 SUB vs VTEB.

Top shared holdings

729 shared in total
# Holding In SUB In VTEB Overlap
1 State of Illinois 0.11% 0.08% 0.08%
2 Los Angeles Department of Water & Power 0.10% 0.08% 0.08%
3 State of Illinois 0.14% 0.07% 0.07%
4 University of California 0.26% 0.06% 0.06%
5 State of New Jersey 0.18% 0.06% 0.06%
6 State of Texas 0.07% 0.05% 0.05%
7 State of New Jersey 0.05% 0.07% 0.05%
8 Long Island Power Authority 0.09% 0.05% 0.05%
9 State of California 0.09% 0.05% 0.05%
10 New Jersey Turnpike Authority 0.15% 0.05% 0.05%
11 State of New Jersey 0.22% 0.05% 0.05%
12 City of San Antonio Electric & Gas Systems 0.09% 0.05% 0.05%

Only in SUB

2,054 total
  • BlackRock Liquidity Funds 1.00%
  • County of King 0.36%
  • Empire State Development Corp. 0.27%
  • Pennsylvania Turnpike Commission 0.26%
  • Empire State Development Corp. 0.23%
  • Connecticut State Health & Educational Facilities Authority 0.23%
  • District of Columbia Water & Sewer Authority 0.23%
  • Commonwealth of Massachusetts 0.22%
  • City of Houston Combined Utility System 0.21%
  • County of King 0.21%

Only in VTEB

9,456 total
  • University of California 0.12%
  • Triborough Bridge & Tunnel Authority 0.11%
  • Colorado State Education Loan Program 0.11%
  • State of California 0.11%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.09%
  • Ohio Water Development Authority Water Pollution Control Loan Fund 0.08%
  • New York State Dormitory Authority 0.08%
  • New York State Dormitory Authority 0.08%
  • Ohio State University/The 0.08%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.08%

Open SUB or VTEB at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.