VONG vs VTEB
Vanguard Russell 1000 Growth ETF vs Vanguard Tax-Exempt Bond ETF
Which is better, VONG or VTEB?
Large Cap Growth against Municipal Bond.
VTEB has a lower expense ratio. VONG led over 1Y, 3Y, 5Y and the full window.
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 | VONG | VTEB |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $51.6B | $48.5B |
| Dividend Yield | 0.46% | 3.44% |
| Holdings | 373 | 10,566 |
| YTD Return | +7.81%Best | -2.11% |
| 1Y Return | +7.80%Best | -0.53% |
| 3Y Return (annualized) | +24.42%Best | +3.09% |
| 5Y Return (annualized) | +13.09%Best | +0.09% |
| Volatility (annualized) | 17.4% | 4.9%Best |
| Max Drawdown | -32.7% | -17.0%Best |
| $10,000 over 5 years | $18,498Best | $10,045 |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Growth | Municipal Bond |
| Inception | Sep 20, 2010 | Aug 21, 2015 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 25, 2015 to Sep 22, 2026 (11.1 years).
VONG vs VTEB 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.
VONG vs VTEB Performance
Vanguard Russell 1000 Growth ETF (VONG) is an ETF from Vanguard (US) and Vanguard Tax-Exempt Bond ETF (VTEB) is an ETF from Vanguard (US). Over the past year VONG returned +7.80% while VTEB returned -0.53%. Year to date, VONG is up 7.81% versus a loss of 2.11% for VTEB.
Over three years, VONG compounded at +24.42% per year against +3.09% for VTEB; over five years the annualized figures are +13.09% and +0.09% respectively. Across the full 11-year window we track, VONG has the edge at +17.19% annualized vs +1.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VONG has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 4.9% for VTEB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.7% for VONG and -17.0% for VTEB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VONG charges 0.06% per year while VTEB charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, VONG currently yields 0.46% against 3.44% for VTEB.
Holdings Overlap
We hold position weights for 371 holdings in VONG and 17 in VTEB, totalling 99.8% and 0.0% 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 371 positions we hold weights for in VONG and 17 in VTEB, against full books of 373 and 10,566.
You are not choosing between two funds in isolation.
Whichever of VONG and VTEB 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, VONG or VTEB?
VONG has an expense ratio of 0.06% while VTEB charges 0.03%. VTEB is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, VONG or VTEB?
Over the past year VONG returned +7.80% vs -0.53% for VTEB, so VONG leads on 1-year performance. Over the longest common window we track (11 years), VONG annualized +17.19% vs +1.01% for VTEB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VONG or VTEB?
VONG has been the more volatile fund at 17.4% annualized versus 4.9% for VTEB. Worst drawdown: VONG -32.7% vs VTEB -17.0%.
Should I hold both VONG and VTEB?
VONG and VTEB have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, VONG or VTEB?
VONG yields 0.46% while VTEB yields 3.44%, so VTEB currently pays the higher dividend yield.
Is VTEB better than VONG?
VTEB has a lower expense ratio. VONG led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.