EVSMvsVTEBETF Comparison
VS
Eaton Vance Short Duration Municipal Income ETF (EVSM) and Vanguard Tax-Exempt Bond Index ETF (VTEB) belong to the same industry segment: Municipal Bonds. EVSM's top 3 sector exposures are Municipal, Non-Corporate and Sovereign. In contrast, VTEB's top sector exposures are Municipal. EVSM is more expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.03% for VTEB. EVSM is up 0.63% year-to-date (YTD) with +$488M 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 EVSM 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
EVSM 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. | EVSM VTEB | -0.02%-0.21% | -0.63%-3.46% | +0.63%-2.08% | +1.18%-1.57% | n/a+10.28% | n/a+1.27% |
| Flows | EVSM VTEB | +$221M+$5.04B | +$290M+$7.65B | +$488M+$10.89B | +$564M+$12.82B | -+$24.62B | -+$39.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVSM VTEB | +1.95%+5.28% | +1.25%+3.33% | n/a+3.84% | n/a+3.82% |
| Max drawdown | EVSM VTEB | -2.03%-5.92% | -2.03%-6.63% | n/a-6.63% | n/a-12.41% |
| Max drawdown duration | EVSM VTEB | 51d92d | 51d102d | n/a102d | n/a1001d |
Trading data
EVSM | VTEB | |
Last sale 10/19/2026 at 1:30 PM | $49.57 | $48.01 |
| Previous close 10/16/2026 | $49.60 | $48.00 |
| Consolidated volume 10/16/2026 | ||
| 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
Create an account to view replication metrics
Join for free
EVSM
is actively managed and doesn’t replicate an indexEVSM | VTEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
EVSM | VTEB | |
|---|---|---|
| Last price | $49.57 | $48.01 |
| 1D performance | -0.06% | +0.02% |
| AuM | $1.05 B | $51.37 B |
| E/R | 0.19% | 0.03% |
Characteristics
EVSM | VTEB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | Vanguard |
| Benchmark | - | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 208 | 5200 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2024 | August 21, 2015 |
| ESG | No | No |
Advertisement
Exposure
Countries
EVSM
USA
56.04%
Other
43.96%
VTEB
USA
55.18%
Other
44.82%
Sectors
EVSM
Municipal
52.5%
Other
47.5%
VTEB
Municipal
55.18%
Other
44.82%
Diversification
EVSM
Total weight of top 15 holdings out of 15
15.71%
VTEB
Total weight of top 15 holdings out of 15
1.57%
Top 15 holdings
Data as of August 31, 2026
EVSM
BlackRock Liquidity MuniCash
2.32%
US160853MR54
1.09%
Gainesville (FL), FRN 1oct2042, USD (2012)
1.05%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.05%
US083773EE76
1.03%
US246579LZ71
0.97%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
0.97%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.96%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.95%
US454898XD44
0.95%
US70917TSU69
0.90%
US812643H643
0.90%
University of Connecticut, 3.83% 23mar2027, USD (2026)
0.90%
Aquarion Water Authority, 5.25% 1feb2031, USD (2026)
0.85%
Ohio Water Development Authority, FRN 1dec2054, USD (2024C)
0.82%
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 EVSM and VTEB
How have the EVSM and VTEB ETFs performed in 2026?
As of October 16, 2026, EVSM is up 0.63% year-to-date (YTD), while VTEB has lost -2.08%. That puts EVSM better performer ahead so far this year.
Which ETF is attracting more investor money: EVSM or VTEB?
Year-to-date, the EVSM ETF saw +$488M in flows, compared to +$10.89B for VTEB.
Which ETF is more volatile: EVSM or VTEB?
Over the past year, EVSM had a volatility of 1.25%, while VTEB experienced 3.33%.
Which ETF is bigger: EVSM or VTEB?
As of October 16, 2026, EVSM holds $1.05 B in assets under management (AUM), while VTEB manages $51.37 B.
What sectors do the EVSM and VTEB ETFs invest in?
EVSM leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the EVSM ETF and VTEB ETF?
EVSM top holdings include BlackRock Liquidity MuniCash, US160853MR54 and Gainesville (FL), FRN 1oct2042, USD (2012). VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).
Which ETF is more diversified: EVSM or VTEB?
EVSM holds 392 securities with 15.71% of its assets in the top 15. VTEB has 10722 securities and a top 15 weight of 1.57%.
Advertisement
Latest news about EVSM & 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
Advertisement
Advertisement
