HYDvsVTECETF Comparison
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VanEck High Yield Muni ETF (HYD) and Vanguard California Tax-Exempt Bond ETF (VTEC) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. HYD is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.06% for VTEC. HYD is down -0.27% year-to-date (YTD) with +$605M in YTD flows. VTEC performs worse with -1.01% YTD performance, and +$2.61B in YTD flows. Run a side-by-side ETF comparison of HYD and VTEC 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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HYD vs VTEC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYD VTEC | +3.40%+3.68% | -2.01%-1.22% | -0.27%-1.01% | +0.00%-0.58% | +16.75%n/a | -2.48%n/a |
| Flows | HYD VTEC | +$484M+$804M | +$132M+$1.29B | +$605M+$2.61B | +$1.05B+$2.95B | +$1.97B- | +$1.73B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYD VTEC | +5.95%+5.08% | +3.75%+3.25% | +4.49%n/a | +4.68%n/a |
| Max drawdown | HYD VTEC | -6.09%-5.64% | -6.77%-6.50% | -6.77%n/a | -19.44%n/a |
| Max drawdown duration | HYD VTEC | 74d74d | 112d239d | 112dn/a | 1757dn/a |
Trading data
HYD | VTEC | |
Last sale 10/27/2026 at 6:29 PM | $49.47 | $96.82 |
| Previous close 10/26/2026 | $49.48 | $96.72 |
| Consolidated volume 10/26/2026 | ||
| 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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HYD | VTEC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 6:29 PM
Live
Closed
HYD | VTEC | |
|---|---|---|
| Last price | $49.47 | $96.82 |
| 1D performance | -0.03% | +0.10% |
| AuM | $4.48 B | $4.28 B |
| E/R | 0.32% | 0.06% |
Characteristics
HYD | VTEC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Vanguard |
| Benchmark | ICE Broad High Yield Crossover Municipal Index | S&P California AMT-Free Municipal Bond Index |
| N° of holdings | 714 | 1739 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2009 | January 30, 2024 |
| ESG | No | No |
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Exposure
Countries
HYD
USA
60.08%
Other
39.92%
VTEC
USA
60.82%
Other
39.18%
Sectors
HYD
Municipal
60.08%
Other
39.92%
VTEC
Municipal
60.82%
Other
39.18%
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Diversification
HYD
Total weight of top 15 holdings out of 15
8.65%
VTEC
Total weight of top 15 holdings out of 15
4.13%
Top 15 holdings
Data as of August 31, 2026
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
VTEC
University of California, FRN 15may2048, USD (2013)
0.52%
University of California, 5% 15may2036, USD (2025)
0.44%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.33%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.31%
US072024YF30
0.29%
US91412HWB58
0.27%
US544647HQ66
0.23%
Foothill/Eastern Transportation Corridor Agency, 4% 15jan2046, USD (2021A)
0.23%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.23%
University of California, 5% 15may2032, USD (2022)
0.23%
US13063EUX20
0.22%
US13063EUR51
0.22%
Irvine Ranch Water District, FRN 1oct2041, USD (2009A)
0.21%
Los Angeles Department of Water and Power, 5% 1jul2028, USD (2025)
0.21%
California, 5.25% 1aug2032, USD
0.20%
Frequently asked questions about HYD and VTEC
How have the HYD and VTEC ETFs performed in 2026?
As of October 26, 2026, HYD is down -0.27% year-to-date (YTD), while VTEC has lost -1.01%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: HYD or VTEC?
Year-to-date, the HYD ETF saw +$605M in flows, compared to +$2.61B for VTEC.
Which ETF is more volatile: HYD or VTEC?
Over the past year, HYD had a volatility of 3.75%, while VTEC experienced 3.25%.
Which ETF is bigger: HYD or VTEC?
As of October 26, 2026, HYD holds $4.48 B in assets under management (AUM), while VTEC manages $4.28 B.
What sectors do the HYD and VTEC ETFs invest in?
HYD leans toward sectors like Municipal. Meanwhile, VTEC focuses on Municipal.
What are the top holdings of the HYD ETF and VTEC ETF?
HYD top holdings include Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B). VTEC holds in its top three: University of California, FRN 15may2048, USD (2013), University of California, 5% 15may2036, USD (2025) and Los Angeles Unified School District, 5% 1jul2034, USD (2024A).
Which ETF is more diversified: HYD or VTEC?
HYD holds 1443 securities with 8.65% of its assets in the top 15. VTEC has 3916 securities and a top 15 weight of 4.13%.
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