MUSTvsVSDMETF Comparison
VS
Columbia Multi-Sector Municipal Income ETF (MUST) and Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) belong to the same industry segment: Municipal Bonds. MUST's top 2 sector exposures are Municipal and Non-Corporate. In contrast, VSDM's top sector exposures are Municipal. MUST is more expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.12% for VSDM. MUST is down -2.99% year-to-date (YTD) with +$22M in YTD flows. VSDM performs better with 0.45% YTD performance, and +$1.01B in YTD flows. Run a side-by-side ETF comparison of MUST and VSDM 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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MUST vs VSDM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUST VSDM | -0.38%-0.08% | -4.08%-0.90% | -2.99%+0.45% | -2.22%+0.97% | +10.07%n/a | -0.37%n/a |
| Flows | MUST VSDM | -$50M+$326M | -$48M+$563M | +$22M+$1.01B | +$60M+$1.11B | +$183M- | +$424M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUST VSDM | +5.76%+2.68% | +3.52%+1.65% | +4.31%n/a | +4.03%n/a |
| Max drawdown | MUST VSDM | -6.99%-2.74% | -8.13%-2.75% | -8.13%n/a | -13.14%n/a |
| Max drawdown duration | MUST VSDM | 92d64d | 229d102d | 229dn/a | 1351dn/a |
Trading data
MUST | VSDM | |
Last sale 10/16/2026 at 1:30 PM | $19.55 | $75.07 |
| Previous close 10/15/2026 | $19.50 | $74.98 |
| 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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VSDM
is actively managed and doesn’t replicate an indexMUST | VSDM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MUST | VSDM | |
|---|---|---|
| Last price | $19.55 | $75.07 |
| 1D performance | +0.26% | +0.11% |
| AuM | $519.09 M | $1.34 B |
| E/R | 0.23% | 0.12% |
Characteristics
MUST | VSDM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Columbia Threadneedle Investments | Vanguard |
| Benchmark | Beta Advantage Multi-Sector Municipal Bond Index | - |
| N° of holdings | 293 | 965 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2018 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
MUST
USA
43.37%
Other
56.63%
VSDM
USA
42.8%
Other
57.2%
Sectors
MUST
Municipal
43.03%
Other
56.97%
VSDM
Municipal
42.8%
Other
57.2%
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Diversification
MUST
Total weight of top 15 holdings out of 15
6.31%
VSDM
Total weight of top 15 holdings out of 15
5.2%
Top 15 holdings
Data as of August 31, 2026
MUST
Miami-Dade, 5% 1oct2036, USD (2024A)
0.54%
US249182QF65
0.53%
New Jersey Turnpike Authority, 5% 1jan2034, USD (2025)
0.48%
US64985SDE00
0.46%
New York Transportation Development Corp., 4.375% 1oct2045, USD (2020)
0.43%
New York Metropolitan Transportation Authority, 4% 15nov2035, USD (2017C-1)
0.43%
US67766WM740
0.42%
US64972GJ217
0.38%
Chicago O'Hare International Airport, 5% 1jan2048, USD
0.38%
US46247SFR04
0.38%
New Jersey Turnpike Authority, 5% 1jan2036, USD
0.38%
US48504NCC11
0.38%
Illinois Toll Highway Authority, 5% 1jan2038, USD (2024)
0.38%
US73358XHU90
0.37%
US88285AJH23
0.37%
VSDM
US13013JCS33
0.49%
California Community Choice Financing Authority, 5% 1jul2053, USD (2023B)
0.44%
US84136HAH66
0.44%
New Jersey Transportation Trust Fund Authority, 5% 15dec2034, USD
0.36%
Rutherford Health and Educational Facilities Board, 5% 15nov2048, USD (2025B-1)
0.33%
Florida Municipal Power Agency, 4% 1oct2030, USD (2018A)
0.33%
US13013JAP12
0.33%
US09182TEC71
0.33%
US54811GS350
0.33%
Energy Southeast, 5% 1nov2033, USD (2026)
0.31%
US09182TLC98
0.31%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
0.31%
US842469DL92
0.30%
US56035DEN84
0.30%
Southern California Public Power Authority, 5% 1nov2033, USD (2026A)
0.29%
Frequently asked questions about MUST and VSDM
How have the MUST and VSDM ETFs performed in 2026?
As of October 16, 2026, MUST is down -2.99% year-to-date (YTD), while VSDM has returned 0.45%. That puts VSDM better performer ahead so far this year.
Which ETF is attracting more investor money: MUST or VSDM?
Year-to-date, the MUST ETF saw +$22M in flows, compared to +$1.01B for VSDM.
Which ETF is more volatile: MUST or VSDM?
Over the past year, MUST had a volatility of 3.52%, while VSDM experienced 1.65%.
Which ETF is bigger: MUST or VSDM?
As of October 16, 2026, MUST holds $519.09 M in assets under management (AUM), while VSDM manages $1.34 B.
What sectors do the MUST and VSDM ETFs invest in?
MUST leans toward sectors like Municipal. Meanwhile, VSDM focuses on Municipal.
What are the top holdings of the MUST ETF and VSDM ETF?
MUST top holdings include Miami-Dade, 5% 1oct2036, USD (2024A), US249182QF65 and New Jersey Turnpike Authority, 5% 1jan2034, USD (2025). VSDM holds in its top three: US13013JCS33, California Community Choice Financing Authority, 5% 1jul2053, USD (2023B) and US84136HAH66.
Which ETF is more diversified: MUST or VSDM?
MUST holds 647 securities with 6.31% of its assets in the top 15. VSDM has 3102 securities and a top 15 weight of 5.2%.
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