NHYMvsVTESETF Comparison
VS
Nuveen High Yield Municipal Income ETF (NHYM) 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. NHYM is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.05% for VTES. NHYM is down -1.23% year-to-date (YTD) with +$61M in YTD flows. VTES performs better with 0.68% YTD performance, and +$2.54B in YTD flows. Run a side-by-side ETF comparison of NHYM 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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NHYM vs VTES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NHYM VTES | -0.47%+1.46% | -3.68%+0.44% | -1.23%+0.68% | -1.18%+1.24% | n/a+10.73% | n/an/a |
| Flows | NHYM VTES | +$10M+$902M | +$13M+$1.95B | +$61M+$2.54B | +$62M+$2.70B | -+$3.88B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NHYM VTES | +7.50%+2.68% | +4.44%+1.65% | n/a+1.61% | n/an/a |
| Max drawdown | NHYM VTES | -7.48%-2.66% | -8.21%-2.95% | n/a-2.95% | n/an/a |
| Max drawdown duration | NHYM VTES | 70d71d | 109d239d | n/a239d | n/an/a |
Trading data
NHYM | VTES | |
Last sale 10/26/2026 at 1:30 PM | $23.95 | $100.44 |
| Previous close 10/23/2026 | $23.66 | $100.23 |
| Consolidated volume 10/23/2026 | ||
| 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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NHYM
is actively managed and doesn’t replicate an indexNHYM | VTES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
NHYM | VTES | |
|---|---|---|
| Last price | $23.95 | $100.44 |
| 1D performance | +1.22% | +0.21% |
| AuM | $143.31 M | $4.13 B |
| E/R | 0.35% | 0.05% |
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Exposure
Countries
NHYM
USA
52.74%
Other
47.26%
VTES
USA
52.32%
Other
47.68%
Sectors
NHYM
Municipal
52.74%
Other
47.26%
VTES
Municipal
52.32%
Other
47.68%
Diversification
NHYM
Total weight of top 15 holdings out of 15
17.13%
VTES
Total weight of top 15 holdings out of 15
5.61%
Top 15 holdings
Data as of August 31, 2026
NHYM
New York Liberty Development Corp., 5% 15nov2044, USD
1.87%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
1.50%
North Carolina Department of Transportation, 5% 30jun2054, USD (2015)
1.42%
Tulsa Municipal Airport Trust, 6.25% 1dec2035, USD (2025)
1.25%
Metropolitan Pier and Exposition Authority, 5% 15jun2050, USD (2020A)
1.24%
Chicago O'Hare International Airport, 5% 1jan2060, USD (2025E)
1.11%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
1.11%
New York Transportation Development Corp., 5.125% 30jun2060, USD (2023)
1.10%
Washington Convention Center Public Facilities District, 5% 1jul2058, USD
1.07%
US09182TGL52
0.98%
Chandler Industrial Development Authority, 4% 1jun2049, USD (2019)
0.94%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.92%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.91%
US92766AAN81
0.91%
US018444CH05
0.81%
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 NHYM and VTES
How have the NHYM and VTES ETFs performed in 2026?
As of October 22, 2026, NHYM is down -1.23% year-to-date (YTD), while VTES has returned 0.68%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: NHYM or VTES?
Year-to-date, the NHYM ETF saw +$61M in flows, compared to +$2.54B for VTES.
Which ETF is more volatile: NHYM or VTES?
Over the past year, NHYM had a volatility of 4.44%, while VTES experienced 1.65%.
Which ETF is bigger: NHYM or VTES?
As of October 22, 2026, NHYM holds $143.31 M in assets under management (AUM), while VTES manages $4.13 B.
What sectors do the NHYM and VTES ETFs invest in?
NHYM leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the NHYM ETF and VTES ETF?
NHYM top holdings include New York Liberty Development Corp., 5% 15nov2044, USD, California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A) and North Carolina Department of Transportation, 5% 30jun2054, USD (2015). VTES holds in its top three: US13063EUN48, US13063EUM64 and US13063EUP95.
Which ETF is more diversified: NHYM or VTES?
NHYM holds 264 securities with 17.13% of its assets in the top 15. VTES has 3442 securities and a top 15 weight of 5.61%.
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Latest news about NHYM & VTES
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April 24, 2026
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A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
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