Compare/Updated Oct 26, 2026, refreshed every trading day
VTEB vs MUB
Vanguard Tax-Exempt Bond ETF against iShares National Muni Bond ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
VTEB did better over the period: $1,000 invested on October 28, 2022 grew to $1,154, versus $1,144 for MUB, a 1.0-point advantage. VTEB also led over three years, gaining 12.4% versus 11.8%, and had stronger recent one-month performance at 2.0% versus 2.1% for MUB? Wait—MUB led by 0.1 point over one month. Both funds were highly similar, with 0.957 correlation and a typical monthly performance gap of just 0.08 points. VTEB’s advantage came with a slightly lower expense ratio, 0.03% versus 0.05%, but marginally higher 12-month volatility, 3.6% versus 3.7%? MUB was higher. VTEB’s worst drawdown was deeper at -6.6% versus -6.3%. Overall, VTEB delivered better returns, while MUB had slightly lower risk.
- Price is below its 200-day average ($49); 50-day at $48.
- RSI 66, neutral. Supertrend says buy. ADX 30, so the trend is strong.
- Price is below its 200-day average ($105); 50-day at $103.
- RSI 65, neutral. Supertrend says buy. ADX 26, so the trend is strong.
Head to head
Which has returned more, VTEB or MUB?
VTEB beat MUB in 28 of the last 48 months; MUB won the other 20. The typical monthly gap was 0.08 points.
Total return by period
Which is riskier?
Both: Jul 6, 2026 to Sep 29, 2026
- 0.957
- correlation of daily moves, 4 years
- 0.93
- VTEB move per 1% in MUB
- 0.968
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.08 points.
When did they diverge?
| Month | VTEB | MUB | Gap |
|---|---|---|---|
| December 2023 | +2.6% | +2.3% | +0.33 pts |
| May 2024 | +0.0% | -0.3% | +0.33 pts |
| August 2023 | -1.1% | -0.8% | -0.31 pts |
| April 2024 | -1.3% | -0.9% | -0.30 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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