ITMvsVTESETF Comparison
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VanEck Intermediate Muni ETF (ITM) 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. ITM is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.05% for VTES. ITM is down -2.88% year-to-date (YTD) with +$176M in YTD flows. VTES performs better with 0.05% YTD performance, and +$2.52B in YTD flows. Run a side-by-side ETF comparison of ITM 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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ITM vs VTES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ITM VTES | +0.07%+0.15% | -3.17%-0.72% | -2.88%+0.05% | -2.05%+0.53% | +10.27%+9.70% | -0.94%n/a |
| Flows | ITM VTES | +$174M+$1.06B | +$110M+$1.95B | +$176M+$2.52B | +$259M+$2.69B | +$343M+$3.87B | +$507M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ITM VTES | +5.25%+2.60% | +3.33%+1.59% | +3.74%+1.59% | +3.77%n/a |
| Max drawdown | ITM VTES | -5.93%-2.66% | -7.74%-2.95% | -7.74%-2.95% | -14.22%n/a |
| Max drawdown duration | ITM VTES | 92d64d | 229d232d | 229d232d | 1387dn/a |
Trading data
ITM | VTES | |
Last sale 10/16/2026 at 1:30 PM | $44.83 | $99.59 |
| Previous close 10/15/2026 | $44.85 | $99.50 |
| 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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ITM | VTES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
ITM | VTES | |
|---|---|---|
| Last price | $44.83 | $99.59 |
| 1D performance | -0.04% | +0.09% |
| AuM | $2.20 B | $4.08 B |
| E/R | 0.18% | 0.05% |
Characteristics
ITM | VTES | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Vanguard |
| Benchmark | ICE Intermediate AMT-Free Broad National Municipal Index | S&P 0-7 Year National AMT-Free Municipal Bond Index |
| N° of holdings | 680 | 1671 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 4, 2007 | March 9, 2023 |
| ESG | No | No |
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Exposure
Countries
ITM
USA
52.78%
Other
47.22%
VTES
USA
52.32%
Other
47.68%
Sectors
ITM
Municipal
52.78%
Other
47.22%
VTES
Municipal
52.32%
Other
47.68%
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Diversification
ITM
Total weight of top 15 holdings out of 15
5.34%
VTES
Total weight of top 15 holdings out of 15
5.61%
Top 15 holdings
Data as of August 31, 2026
ITM
US646067KE77
0.55%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.51%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
0.47%
California, 4% 1mar2036, USD
0.45%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.39%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
0.38%
US74440DFC39
0.33%
US64972GE267
0.30%
California, 5.25% 1aug2032, USD
0.30%
US63607WBD56
0.29%
California Housing Finance Agency, 3.75% 25mar2035, USD (2021-2, A)
0.29%
Southeast Energy Authority, 5.25% 1nov2055, USD (2025F)
0.28%
US569203NS77
0.28%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
0.27%
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
0.25%
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 ITM and VTES
How have the ITM and VTES ETFs performed in 2026?
As of October 16, 2026, ITM is down -2.88% year-to-date (YTD), while VTES has returned 0.05%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: ITM or VTES?
Year-to-date, the ITM ETF saw +$176M in flows, compared to +$2.52B for VTES.
Which ETF is more volatile: ITM or VTES?
Over the past year, ITM had a volatility of 3.33%, while VTES experienced 1.59%.
Which ETF is bigger: ITM or VTES?
As of October 16, 2026, ITM holds $2.20 B in assets under management (AUM), while VTES manages $4.08 B.
What sectors do the ITM and VTES ETFs invest in?
ITM leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the ITM ETF and VTES ETF?
ITM top holdings include US646067KE77, California Community Choice Financing Authority, 5% 1aug2055, USD (2024C) and California Community Choice Financing Authority, 5% 1feb2055, USD (2024F). VTES holds in its top three: US13063EUN48, US13063EUM64 and US13063EUP95.
Which ETF is more diversified: ITM or VTES?
ITM holds 1325 securities with 5.34% of its assets in the top 15. VTES has 3442 securities and a top 15 weight of 5.61%.
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