BSMUvsVTEBETF Comparison
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Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and Vanguard Tax-Exempt Bond Index ETF (VTEB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMU is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.03% for VTEB. BSMU is down -1.4% year-to-date (YTD) with +$66M in YTD flows. VTEB performs worse with -2.08% YTD performance, and +$10.89B in YTD flows. Run a side-by-side ETF comparison of BSMU and VTEB 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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BSMU vs VTEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMU VTEB | -0.11%-0.21% | -2.07%-3.46% | -1.40%-2.08% | -0.82%-1.57% | +10.72%+10.28% | -4.08%+1.27% |
| Flows | BSMU VTEB | +$4M+$5.04B | +$22M+$7.65B | +$66M+$10.89B | +$103M+$12.82B | +$230M+$24.62B | +$285M+$39.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMU VTEB | +4.07%+5.28% | +2.45%+3.33% | +3.35%+3.84% | +4.17%+3.82% |
| Max drawdown | BSMU VTEB | -4.42%-5.92% | -5.35%-6.63% | -5.35%-6.63% | -18.36%-12.41% |
| Max drawdown duration | BSMU VTEB | 64d92d | 229d102d | 229d102d | 1747d1001d |
Trading data
BSMU | VTEB | |
Last sale 10/16/2026 at 1:30 PM | $21.17 | $48.00 |
| Previous close 10/15/2026 | $21.22 | $47.96 |
| Consolidated volume 10/15/2026 | ||
| 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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BSMU | VTEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BSMU | VTEB | |
|---|---|---|
| Last price | $21.17 | $48.00 |
| 1D performance | -0.24% | +0.08% |
| AuM | $281.96 M | $51.37 B |
| E/R | 0.18% | 0.03% |
Characteristics
BSMU | VTEB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | ICE BulletShares Municipal Bond 2030 Index | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 870 | 5200 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 16, 2020 | August 21, 2015 |
| ESG | No | No |
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Exposure
Countries
BSMU
USA
61.43%
Other
38.57%
VTEB
USA
55.18%
Other
44.82%
Sectors
BSMU
Municipal
61.43%
Other
38.57%
VTEB
Municipal
55.18%
Other
44.82%
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Diversification
BSMU
Total weight of top 15 holdings out of 15
6.08%
VTEB
Total weight of top 15 holdings out of 15
1.57%
Top 15 holdings
Data as of August 31, 2026
BSMU
Los Angeles Unified School District, 4% 1jul2044, USD
0.61%
New York Metropolitan Transportation Authority, 4.75% 15nov2045, USD (2020C)
0.57%
New York Metropolitan Transportation Authority, 5.25% 15nov2055, USD (2020C)
0.54%
California, 4% 1mar2036, USD
0.51%
California, 5% 1nov2030, USD
0.42%
Triborough Bridge and Tunnel Authority, 5% 15nov2049, USD (2020A)
0.42%
California, 5% 1mar2035, USD
0.39%
US544532QE75
0.38%
New York Metropolitan Transportation Authority, 5% 15nov2050, USD (2020C)
0.37%
New York Urban Development Corp., 5% 15mar2047, USD (2020C)
0.37%
US89602HFT95
0.34%
US91412HWB58
0.30%
City of New York, 5% 1aug2030, USD
0.30%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
0.29%
Miracosta Community College District, 4% 1aug2045, USD
0.28%
VTEB
US13063EUN48
0.16%
US13063EUP95
0.15%
City of New York, 5% 1aug2034, USD (2026)
0.12%
University of California, 5% 15may2036, USD (2025)
0.11%
US68608JXF38
0.10%
Idaho, 4% 30jun2027, USD (2026)
0.10%
US87638QBF54
0.10%
California, 5.25% 1aug2032, USD
0.10%
US646140KX00
0.10%
New Jersey Health Care Facilities Financing Authority, 1.9% 1jul2061, USD (2026B-1)
0.10%
City of New York, 5% 1aug2032, USD (2026)
0.09%
US574193YA01
0.09%
Wisconsin, 5% 1may2038, USD (2026)
0.09%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.08%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.08%
Frequently asked questions about BSMU and VTEB
How have the BSMU and VTEB ETFs performed in 2026?
As of October 16, 2026, BSMU is down -1.4% year-to-date (YTD), while VTEB has lost -2.08%. That puts BSMU better performer ahead so far this year.
Which ETF is attracting more investor money: BSMU or VTEB?
Year-to-date, the BSMU ETF saw +$66M in flows, compared to +$10.89B for VTEB.
Which ETF is more volatile: BSMU or VTEB?
Over the past year, BSMU had a volatility of 2.45%, while VTEB experienced 3.33%.
Which ETF is bigger: BSMU or VTEB?
As of October 16, 2026, BSMU holds $281.96 M in assets under management (AUM), while VTEB manages $51.37 B.
What sectors do the BSMU and VTEB ETFs invest in?
BSMU leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the BSMU ETF and VTEB ETF?
BSMU top holdings include Los Angeles Unified School District, 4% 1jul2044, USD, New York Metropolitan Transportation Authority, 4.75% 15nov2045, USD (2020C) and New York Metropolitan Transportation Authority, 5.25% 15nov2055, USD (2020C). VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).
Which ETF is more diversified: BSMU or VTEB?
BSMU holds 1798 securities with 6.08% of its assets in the top 15. VTEB has 10722 securities and a top 15 weight of 1.57%.
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Latest news about BSMU & VTEB
The Weekly ETF Market Monitor (September 28-October 2, 2026)
October 2, 2026
VTEB
A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
VTEB
Vanguard plans to launch a new short-term municipal bond ETF in 2023
December 23, 2022
VTEB
Investing in Municipal Bond ETFs
October 24, 2022
VTEB
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