MUNYvsVTECETF Comparison
VS
Vanguard New York Tax-Exempt Bond ETF (MUNY) 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. MUNY is more expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.06% for VTEC. MUNY is down -1.91% year-to-date (YTD) with +$546M 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 MUNY 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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MUNY vs VTEC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNY VTEC | -0.04%-0.33% | -3.31%-3.44% | -1.91%-2.37% | -1.39%-1.74% | n/an/a | n/an/a |
| Flows | MUNY VTEC | +$212M+$796M | +$277M+$1.28B | +$546M+$2.54B | +$616M+$2.89B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNY VTEC | +5.24%+4.94% | +3.32%+3.13% | n/an/a | n/an/a |
| Max drawdown | MUNY VTEC | -5.85%-5.76% | -6.60%-6.50% | n/an/a | n/an/a |
| Max drawdown duration | MUNY VTEC | 92d92d | 102d229d | n/an/a | n/an/a |
Trading data
MUNY | VTEC | |
Last sale 10/19/2026 at 1:30 PM | $98.64 | $95.44 |
| Previous close 10/16/2026 | $98.68 | $95.41 |
| 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
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MUNY | 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 10/19/2026 at 1:30 PM
Live
Closed
MUNY | VTEC | |
|---|---|---|
| Last price | $98.64 | $95.44 |
| 1D performance | -0.04% | +0.03% |
| AuM | $722.39 M | $4.15 B |
| E/R | 0.09% | 0.06% |
Characteristics
MUNY | VTEC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Vanguard |
| Benchmark | S&P NewYork AMT-Free Municipal USD10 Million Par Bond Index | S&P California AMT-Free Municipal Bond Index |
| N° of holdings | 1835 | 1739 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2025 | January 30, 2024 |
| ESG | No | No |
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Exposure
Countries
MUNY
USA
59.67%
Other
40.33%
VTEC
USA
60.82%
Other
39.18%
Sectors
MUNY
Municipal
59.67%
Other
40.33%
VTEC
Municipal
60.82%
Other
39.18%
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Diversification
MUNY
Total weight of top 15 holdings out of 15
3.51%
VTEC
Total weight of top 15 holdings out of 15
4.13%
Top 15 holdings
Data as of August 31, 2026
MUNY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.31%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.29%
City of New York, FRN 1aug2044, USD
0.27%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.27%
MTA Hudson Rail Yards Trust, 5% 15nov2056, USD (2016A)
0.25%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.23%
MTA Hudson Rail Yards Trust, 5% 15nov2051, USD (2016A)
0.22%
Triborough Bridge and Tunnel Authority, 5% 15nov2051, USD (2021A)
0.22%
US896035CD29
0.22%
New York Transitional Finance Authority, 5% 1nov2034, USD (2026)
0.21%
US896032BB41
0.21%
Triborough Bridge and Tunnel Authority, 5% 15nov2047, USD (2017A)
0.21%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.20%
US89602HEY99
0.20%
New York Power Authority, 4% 15nov2050, USD
0.19%
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 MUNY and VTEC
How have the MUNY and VTEC ETFs performed in 2026?
As of October 16, 2026, MUNY is down -1.91% year-to-date (YTD), while VTEC has lost -2.37%. That puts MUNY better performer ahead so far this year.
Which ETF is attracting more investor money: MUNY or VTEC?
Year-to-date, the MUNY ETF saw +$546M in flows, compared to +$2.54B for VTEC.
Which ETF is more volatile: MUNY or VTEC?
Over the past year, MUNY had a volatility of 3.32%, while VTEC experienced 3.13%.
Which ETF is bigger: MUNY or VTEC?
As of October 16, 2026, MUNY holds $722.39 M in assets under management (AUM), while VTEC manages $4.15 B.
What sectors do the MUNY and VTEC ETFs invest in?
MUNY leans toward sectors like Municipal. Meanwhile, VTEC focuses on Municipal.
What are the top holdings of the MUNY ETF and VTEC ETF?
MUNY top holdings include New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), Hudson Yards Infrastructure Corp., 5% 15feb2042, USD and City of New York, FRN 1aug2044, USD. 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: MUNY or VTEC?
MUNY holds 3643 securities with 3.51% of its assets in the top 15. VTEC has 3916 securities and a top 15 weight of 4.13%.
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