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VTEB vs VTEL

Vanguard Tax-Exempt Bond Index Fund ETF Shares vs Vanguard Long-Term Tax-Exempt Bond ETF Shares

VTEB

Vanguard Tax-Exempt Bond Index Fund ETF Shares

Vanguard

Annual cost

0.03%

Fund size

$45.6B

VTEL

Vanguard Long-Term Tax-Exempt Bond ETF Shares

Vanguard

Annual cost

0.09%

Fund size

$259M

Key differences

  • VTEB costs 0.06% less per year.
  • VTEB is significantly larger than VTEL — larger funds tend to be more liquid and less likely to close.
  • VTEB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

VTEBVTEL
Annual cost (TER)0.03%0.09%
Fund size (AUM)$45.6B$259M
Since20152025
Dividend yield3.34%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+5.9%N/A
CAGR 3Y+3.1%N/A
CAGR 5Y+0.8%N/A
Sharpe 3Y-0.10N/A
Volatility 1Y2.71%
Max drawdown-17.00%-3.22%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to VTEB and VTEL