NMBvsVTESETF Comparison
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Simplify National Muni Bond ETF (NMB) belongs to the Options Strategies segment. Vanguard Short-Term Tax-Exempt Bond ETF (VTES) is part of the Municipal Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. NMB is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.05% for VTES. NMB is down -0.54% year-to-date (YTD) with +$4M in YTD flows. VTES performs better with 0.56% YTD performance, and +$1.00B in YTD flows. Run a side-by-side ETF comparison of NMB 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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NMB vs VTES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NMB VTES | -1.87%-0.32% | -1.80%-0.19% | -0.54%+0.56% | +2.22%+1.09% | n/a+9.43% | n/an/a |
| Flows | NMB VTES | +$615K+$334M | +$2M+$584M | +$4M+$1.00B | +$2M+$1.28B | -+$2.39B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NMB VTES | +3.54%+1.12% | +4.51%+1.08% | n/a+1.48% | n/an/a |
| Max drawdown | NMB VTES | -3.09%-0.77% | -5.33%-1.38% | n/a-1.81% | n/an/a |
| Max drawdown duration | NMB VTES | 64d64d | 315d194d | n/a59d | n/an/a |
Trading data
NMB | VTES | |
Last sale 9/8/2026 at 1:30 PM | $24.04 | $100.30 |
| Previous close 09/08/2026 | $24.01 | $100.35 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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NMB
is actively managed and doesn’t replicate an indexNMB | 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 9/8/2026 at 1:30 PM
Live
Closed
NMB | VTES | |
|---|---|---|
| Last price | $24.04 | $100.30 |
| 1D performance | +0.11% | -0.05% |
| AuM | $48.10 M | $2.58 B |
| E/R | 0.52% | 0.05% |
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Exposure
Countries
NMB
USA
54.36%
Other
45.64%
VTES
USA
59.38%
Other
40.62%
Sectors
NMB
Municipal
54.36%
Other
45.64%
VTES
Municipal
59.38%
Other
40.62%
Diversification
NMB
Total weight of top 15 holdings out of 15
53.67%
VTES
Total weight of top 15 holdings out of 15
3.27%
Top 15 holdings
Data as of July 31, 2026
NMB
US43233KAW45
4.39%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
4.37%
US93974FJY07
4.32%
Jacksonville Aviation Authority, 5.25% 1oct2055, USD (2026)
4.22%
Aldine Independent School District, 4.375% 15feb2051, USD (2026)
3.99%
Midlothian Independent School District, 4.375% 15feb2056, USD (2026)
3.40%
US60637AA360
3.27%
Lee, 5.5% 1oct2051, USD (2026A-1)
3.27%
San Francisco Airport Commission, 5.5% 1may2055, USD (2025D)
3.27%
US46613SUP37
3.23%
Austin, 5.25% 15nov2051, USD (2026B)
3.20%
New Jersey Transportation Trust Fund Authority, 5% 15jun2050, USD (2025)
3.19%
US6500093S07
3.19%
Omaha Public Power District, 5% 1feb2056, USD (2026)
3.18%
US3730643H50
3.17%
VTES
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.46%
US64972JQM35
0.25%
US13063ENN21
0.22%
Illinois, 5% 1nov2027, USD (2017D)
0.22%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.21%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.21%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.21%
New Jersey, 5% 1jun2029, USD
0.20%
New Jersey, 5% 1jun2028, USD
0.20%
New Jersey Transportation Trust Fund Authority, 5% 15jun2028, USD
0.20%
California, 5.25% 1aug2032, USD
0.18%
Wyandotte Unified School District №500, 5.25% 1sep2042, USD (2016-A)
0.18%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.18%
New Jersey, 4% 1jun2030, USD
0.17%
US544647HQ66
0.17%
Frequently asked questions about NMB and VTES
How have the NMB and VTES ETFs performed in 2026?
As of September 8, 2026, NMB is down -0.54% year-to-date (YTD), while VTES has returned 0.56%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: NMB or VTES?
Year-to-date, the NMB ETF saw +$4M in flows, compared to +$1.00B for VTES.
Which ETF is more volatile: NMB or VTES?
Over the past year, NMB had a volatility of 4.51%, while VTES experienced 1.08%.
Which ETF is bigger: NMB or VTES?
As of September 8, 2026, NMB holds $48.10 M in assets under management (AUM), while VTES manages $2.58 B.
What sectors do the NMB and VTES ETFs invest in?
NMB leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the NMB ETF and VTES ETF?
NMB top holdings include US43233KAW45, Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025) and US93974FJY07. VTES holds in its top three: North Colonie Central School District, 3.75% 25jun2027, USD (2026), US64972JQM35 and US13063ENN21.
Which ETF is more diversified: NMB or VTES?
NMB holds 36 securities with 53.67% of its assets in the top 15. VTES has 3414 securities and a top 15 weight of 3.27%.
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Latest news about NMB & VTES
Notable ETF Filings and Launches Recap: September 2024
September 26, 2024
NMB
A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
VTES
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