AVMUvsVTEIETF Comparison
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Avantis Core Municipal Fixed Income ETF (AVMU) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. AVMU is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.08% for VTEI. AVMU is down -1.21% year-to-date (YTD) with +$25M in YTD flows. VTEI performs better with -0.54% YTD performance, and +$481M in YTD flows. Run a side-by-side ETF comparison of AVMU and VTEI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AVMU vs VTEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AVMU VTEI | -0.98%-0.56% | -2.54%-1.53% | -1.21%-0.54% | +3.88%+2.75% | +8.27%n/a | +1.46%n/a |
| Flows | AVMU VTEI | +$2M+$62M | +$14M+$162M | +$25M+$481M | +$23M+$735M | +$87M- | +$149M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AVMU VTEI | +3.38%+2.29% | +2.87%+2.13% | +4.11%n/a | +3.85%n/a |
| Max drawdown | AVMU VTEI | -3.11%-2.11% | -3.23%-2.55% | -6.27%n/a | -12.02%n/a |
| Max drawdown duration | AVMU VTEI | 58d57d | 184d184d | 276dn/a | 1168dn/a |
Trading data
AVMU | VTEI | |
Last sale 9/2/2026 at 3:18 PM | $44.47 | $98.10 |
| Previous close 09/01/2026 | $44.49 | $98.19 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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AVMU
is actively managed and doesn’t replicate an indexAVMU | VTEI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 3:18 PM
Live
Closed
AVMU | VTEI | |
|---|---|---|
| Last price | $44.47 | $98.10 |
| 1D performance | -0.04% | -0.09% |
| AuM | $169.92 M | $1.58 B |
| E/R | 0.15% | 0.08% |
Characteristics
AVMU | VTEI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | Vanguard |
| Benchmark | - | S&P Intermediate Term National AMT-Free Municipal Bond Index |
| N° of holdings | 314 | 2991 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2020 | January 30, 2024 |
| ESG | No | No |
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Exposure
Countries
AVMU
USA
55.91%
Other
44.09%
VTEI
USA
56.56%
Other
43.44%
Sectors
AVMU
Municipal
55.91%
Other
44.09%
VTEI
Municipal
56.56%
Other
43.44%
Diversification
AVMU
Total weight of top 15 holdings out of 15
15.84%
VTEI
Total weight of top 15 holdings out of 15
1.97%
Top 15 holdings
Data as of July 31, 2026
AVMU
San Antonio, 4% 15sep2042, USD
2.16%
US47770VCC28
1.68%
US798025ML35
1.63%
Miami Beach, 5% 1sep2040, USD (2015)
1.50%
City of New York, 5% 1aug2032, USD (2025)
1.06%
Grand Parkway Transportation Corp., 4% 1oct2045, USD (2020C)
0.94%
Colorado, 4% 15dec2040, USD (2021A)
0.87%
State of Washington, 5% 1feb2045, USD (2026C)
0.82%
US64985TCL35
0.81%
District of Columbia, 4% 1mar2040, USD (2019A)
0.76%
New York Dormitory Authority, 5% 1jul2041, USD (2016A)
0.76%
US544532GP33
0.73%
University of Michigan, 4% 15feb2044, USD (2019C)
0.72%
Mississippi, 5% 1oct2029, USD (2017A)
0.72%
Delaware Valley Regional Finance Authority, 5.75% 1jul2032, USD
0.69%
VTEI
California, 5% 1oct2035, USD
0.16%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.16%
California Public Works Board, 5% 1apr2035, USD
0.14%
University of California, 5% 15may2036, USD (2025)
0.14%
US697379YS89
0.14%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.13%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.13%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.13%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.13%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.13%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
US67766WV741
0.12%
US677523LK63
0.11%
US419792MM53
0.11%
Frequently asked questions about AVMU and VTEI
How have the AVMU and VTEI ETFs performed in 2026?
As of September 1, 2026, AVMU is down -1.21% year-to-date (YTD), while VTEI has lost -0.54%. That puts VTEI better performer ahead so far this year.
Which ETF is attracting more investor money: AVMU or VTEI?
Year-to-date, the AVMU ETF saw +$25M in flows, compared to +$481M for VTEI.
Which ETF is more volatile: AVMU or VTEI?
Over the past year, AVMU had a volatility of 2.87%, while VTEI experienced 2.13%.
Which ETF is bigger: AVMU or VTEI?
As of September 1, 2026, AVMU holds $169.92 M in assets under management (AUM), while VTEI manages $1.58 B.
What sectors do the AVMU and VTEI ETFs invest in?
AVMU leans toward sectors like Municipal. Meanwhile, VTEI focuses on Municipal.
What are the top holdings of the AVMU ETF and VTEI ETF?
AVMU top holdings include San Antonio, 4% 15sep2042, USD, US47770VCC28 and US798025ML35. VTEI holds in its top three: California, 5% 1oct2035, USD, Bay Area Toll Authority, 5% 1apr2061, USD (2026) and California Public Works Board, 5% 1apr2035, USD.
Which ETF is more diversified: AVMU or VTEI?
AVMU holds 540 securities with 15.84% of its assets in the top 15. VTEI has 6057 securities and a top 15 weight of 1.97%.
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