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MFLXvsVTECETF Comparison

ETF 1

MFLX

First Trust Flexible Municipal High Income ETF

This fund is part of

Municipal Bonds

-0%

Full MFLX fund page

VS

ETF 2

VTEC

Vanguard California Tax-Exempt Bond ETF

This fund is part of

Municipal Bonds

-0%

Full VTEC fund page

First Trust Flexible Municipal High Income ETF (MFLX) and Vanguard California Tax-Exempt Bond ETF (VTEC) belong to the same industry segment: Municipal Bonds. In contrast, VTEC's top sector exposures are Municipal. MFLX is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.06% for VTEC. MFLX is down -0.83% year-to-date (YTD) with +$3M in YTD flows. VTEC performs worse with -2.37% YTD performance, and +$2.54B in YTD flows. Run a side-by-side ETF comparison of MFLX 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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MFLX vs VTEC performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MFLX VTEC	-1.03%-0.33%	-5.09%-3.44%	-0.83%-2.37%	-0.26%-1.74%	+16.03%n/a	-4.93%n/a
Flows	MFLX VTEC	-+$796M	-+$1.28B	+$3M+$2.54B	+$3M+$2.89B	+$8M-	+$4M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MFLX VTEC	+6.52%+4.94%	+4.21%+3.13%	+4.84%n/a	+5.54%n/a
Max drawdown	MFLX VTEC	-7.53%-5.76%	-7.87%-6.50%	-7.87%n/a	-24.25%n/a
Max drawdown duration	MFLX VTEC	88d92d	101d229d	101dn/a	1747dn/a

Trading data

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	MFLX	VTEC
Last sale 10/16/2026 at 1:30 PM	$16.11	$95.41
Previous close 10/15/2026	$16.14	$95.36
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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MFLX

is actively managed and doesn’t replicate an index

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	MFLX	VTEC
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

	MFLX	VTEC
Last price	$16.11	$95.41
1D performance	-0.15%	+0.05%
AuM	$20.25 M	$4.15 B
E/R	0.49%	0.06%

Characteristics

	MFLX	VTEC
Management strategy	Active	Passive
Provider	First Trust	Vanguard
Benchmark	-	S&P California AMT-Free Municipal Bond Index
N° of holdings	-	1739
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	September 27, 2016	January 30, 2024
ESG	No	No

More MFLX data on Trackinsight

More VTEC data on Trackinsight

Exposure

Countries

MFLX

Data will be available soon

VTEC

USA

60.82%

Other

39.18%

Sectors

MFLX

Data will be available soon

VTEC

Municipal

60.82%

Other

39.18%

Diversification

MFLX

Data will be available soon

VTEC

Total weight of top 15 holdings out of 15

4.13%

Top 15 holdings

Data as of January 1, 1970

MFLX

Data will be available soon

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%

US13063EUR51

0.22%

US13063EUX20

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 MFLX and VTEC

MFLXvsVTECETF Comparison

First Trust Flexible Municipal High Income ETF

Vanguard California Tax-Exempt Bond ETF

MFLX vs VTEC performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the MFLX and VTEC ETFs performed in 2026?

As of October 15, 2026, MFLX is down -0.83% year-to-date (YTD), while VTEC has lost -2.37%. That puts MFLX better performer ahead so far this year.

Which ETF is attracting more investor money: MFLX or VTEC?

Year-to-date, the MFLX ETF saw +$3M in flows, compared to +$2.54B for VTEC.

Which ETF is more volatile: MFLX or VTEC?

Over the past year, MFLX had a volatility of 4.21%, while VTEC experienced 3.13%.

Which ETF is bigger: MFLX or VTEC?

As of October 15, 2026, MFLX holds $20.25 M in assets under management (AUM), while VTEC manages $4.15 B.

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