LTAX vs VTI
Nomura Tax-Free USA ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, LTAX or VTI?
Municipal Bond against Large Cap Blend.
VTI has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LTAX | VTI |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $6M | $666.9B |
| Dividend Yield | 2.37% | 1.03% |
| Holdings | 85 | 3,543 |
| YTD Return | -1.77% | +12.30%Best |
| 1Y Return | - | +16.08% |
| 3Y Return (annualized) | - | +21.01% |
| 5Y Return (annualized) | - | +12.36% |
| Fund Family | Nomura Asset Management Co Ltd | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Jan 12, 2026 | May 24, 2001 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
LTAX vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
LTAX vs VTI Performance
Nomura Tax-Free USA ETF (LTAX) is an ETF from Nomura Asset Management Co Ltd and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Year to date, LTAX is down 1.77% versus a gain of 12.30% for VTI.
Past performance does not guarantee future results.
Fees and Cost Over Time
LTAX charges 0.39% per year while VTI charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, LTAX currently yields 2.37% against 1.03% for VTI.
Holdings Overlap
We hold position weights for 37 holdings in LTAX and 3,463 in VTI, totalling 46.3% and 98.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 37 positions we hold weights for in LTAX and 3,463 in VTI, against full books of 85 and 3,543.
You are not choosing between two funds in isolation.
Whichever of LTAX and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LTAX or VTI?
LTAX has an expense ratio of 0.39% while VTI charges 0.03%. VTI is the cheaper option, by $36 a year on a $10,000 investment.
Which pays a higher dividend, LTAX or VTI?
LTAX yields 2.37% while VTI yields 1.03%, so LTAX currently pays the higher dividend yield.
Is VTI better than LTAX?
VTI has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.