AVMUvsVTESETF Comparison
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Avantis Core Municipal Fixed Income ETF (AVMU) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES) 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 0.05% for VTES. AVMU is down -3.77% year-to-date (YTD) with +$28M in YTD flows. VTES performs better with -0.34% YTD performance, and +$2.51B in YTD flows. Run a side-by-side ETF comparison of AVMU and VTES 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 VTES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AVMU VTES | -1.19%-0.39% | -5.14%-1.20% | -3.77%-0.34% | -2.61%+0.22% | +8.25%+9.28% | -0.38%n/a |
| Flows | AVMU VTES | +$2M+$1.39B | +$7M+$1.96B | +$28M+$2.51B | +$28M+$2.69B | +$78M+$3.86B | +$151M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AVMU VTES | +5.97%+2.50% | +3.66%+1.55% | +4.26%+1.58% | +4.02%n/a |
| Max drawdown | AVMU VTES | -7.27%-2.66% | -7.85%-2.95% | -7.85%-2.95% | -11.89%n/a |
| Max drawdown duration | AVMU VTES | 92d62d | 227d230d | 227d230d | 1062dn/a |
Trading data
AVMU | VTES | |
Last sale 10/15/2026 at 1:30 PM | $43.65 | $99.50 |
| Previous close 10/14/2026 | $43.27 | $99.18 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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AVMU
is actively managed and doesn’t replicate an indexAVMU | VTES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/15/2026 at 1:30 PM
Live
Closed
AVMU | VTES | |
|---|---|---|
| Last price | $43.65 | $99.50 |
| 1D performance | +0.89% | +0.32% |
| AuM | $166.70 M | $4.06 B |
| E/R | 0.15% | 0.05% |
Characteristics
AVMU | VTES | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | Vanguard |
| Benchmark | - | S&P 0-7 Year National AMT-Free Municipal Bond Index |
| N° of holdings | 310 | 1671 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2020 | March 9, 2023 |
| ESG | No | No |
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Exposure
Countries
AVMU
USA
54.88%
Other
45.12%
VTES
USA
52.32%
Other
47.68%
Sectors
AVMU
Municipal
54.88%
Other
45.12%
VTES
Municipal
52.32%
Other
47.68%
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Diversification
AVMU
Total weight of top 15 holdings out of 15
15.55%
VTES
Total weight of top 15 holdings out of 15
5.61%
Top 15 holdings
Data as of August 31, 2026
AVMU
San Antonio, 4% 15sep2042, USD
2.09%
US47770VCC28
1.66%
US798025ML35
1.56%
Miami Beach, 5% 1sep2040, USD (2015)
1.49%
City of New York, 5% 1aug2032, USD (2025)
1.06%
Grand Parkway Transportation Corp., 4% 1oct2045, USD (2020C)
0.92%
Colorado, 4% 15dec2040, USD (2021A)
0.85%
US64985TCL35
0.81%
State of Washington, 5% 1feb2045, USD (2026C)
0.80%
District of Columbia, 4% 1mar2040, USD (2019A)
0.74%
New York Dormitory Authority, 5% 1jul2041, USD (2016A)
0.74%
US544532GP33
0.72%
Mississippi, 5% 1oct2029, USD (2017A)
0.72%
University of Michigan, 4% 15feb2044, USD (2019C)
0.71%
Delaware Valley Regional Finance Authority, 5.75% 1jul2032, USD
0.69%
VTES
US13063EUN48
0.91%
US13063EUM64
0.86%
US13063EUP95
0.78%
US13063EUU80
0.42%
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.40%
US13063EUQ78
0.38%
US13063EUS35
0.30%
Illinois, 5% 1nov2028, USD (2017D)
0.22%
US64972JQM35
0.21%
US13063ENN21
0.19%
Illinois, 5% 1nov2027, USD (2017D)
0.19%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.19%
New Jersey, 5% 1jun2029, USD
0.19%
Pennsylvania Public School Building Authority, 5% 1jun2033, USD (2016A)
0.18%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.18%
Frequently asked questions about AVMU and VTES
How have the AVMU and VTES ETFs performed in 2026?
As of October 14, 2026, AVMU is down -3.77% year-to-date (YTD), while VTES has lost -0.34%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: AVMU or VTES?
Year-to-date, the AVMU ETF saw +$28M in flows, compared to +$2.51B for VTES.
Which ETF is more volatile: AVMU or VTES?
Over the past year, AVMU had a volatility of 3.66%, while VTES experienced 1.55%.
Which ETF is bigger: AVMU or VTES?
As of October 14, 2026, AVMU holds $166.70 M in assets under management (AUM), while VTES manages $4.06 B.
What sectors do the AVMU and VTES ETFs invest in?
AVMU leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the AVMU ETF and VTES ETF?
AVMU top holdings include San Antonio, 4% 15sep2042, USD, US47770VCC28 and US798025ML35. VTES holds in its top three: US13063EUN48, US13063EUM64 and US13063EUP95.
Which ETF is more diversified: AVMU or VTES?
AVMU holds 543 securities with 15.55% of its assets in the top 15. VTES has 3442 securities and a top 15 weight of 5.61%.
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Latest news about AVMU & VTES
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