SHYDvsAVMUETF Comparison
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VanEck Short High Yield Muni ETF (SHYD) and Avantis Core Municipal Fixed Income ETF (AVMU) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. SHYD is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.15% for AVMU. SHYD is up 0.96% year-to-date (YTD) with +$69M in YTD flows. AVMU performs worse with -1.21% YTD performance, and +$25M in YTD flows. Run a side-by-side ETF comparison of SHYD and AVMU 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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SHYD vs AVMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHYD AVMU | -0.01%-0.98% | -0.07%-2.54% | +0.96%-1.21% | +2.86%+3.88% | +12.42%+8.27% | +3.37%+1.46% |
| Flows | SHYD AVMU | +$7M+$2M | +$35M+$14M | +$69M+$25M | +$113M+$23M | +$68M+$87M | +$95M+$149M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHYD AVMU | +1.50%+3.38% | +1.57%+2.87% | +2.27%+4.11% | +2.39%+3.85% |
| Max drawdown | SHYD AVMU | -0.98%-3.11% | -2.14%-3.23% | -2.95%-6.27% | -12.22%-12.02% |
| Max drawdown duration | SHYD AVMU | 58d58d | 123d184d | 114d276d | 1421d1168d |
Trading data
SHYD | AVMU | |
Last sale 9/3/2026 at 1:30 PM | $22.52 | $44.38 |
| Previous close 09/02/2026 | $22.55 | $44.46 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 4, 2026
1-year trailing difference
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AVMU
is actively managed and doesn’t replicate an indexSHYD | AVMU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
SHYD | AVMU | |
|---|---|---|
| Last price | $22.52 | $44.38 |
| 1D performance | -0.13% | -0.17% |
| AuM | $454.66 M | $169.92 M |
| E/R | 0.32% | 0.15% |
Characteristics
SHYD | AVMU | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | VanEck | American Century Investments |
| Benchmark | ICE 1-12 Year Broad High Yield Crossover Municipal Index | - |
| N° of holdings | 270 | 314 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 13, 2014 | October 12, 2020 |
| ESG | No | No |
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Exposure
Countries
SHYD
USA
57.85%
Other
42.15%
AVMU
USA
55.91%
Other
44.09%
Sectors
SHYD
Municipal
57.85%
Other
42.15%
AVMU
Municipal
55.91%
Other
44.09%
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Diversification
SHYD
Total weight of top 15 holdings out of 15
13.22%
AVMU
Total weight of top 15 holdings out of 15
15.84%
Top 15 holdings
Data as of July 31, 2026
SHYD
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
1.58%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
1.20%
Puerto Rico, 5.75% 1jul2031, USD
0.94%
Puerto Rico, 4% 1jul2033, USD
0.87%
Denver, 5% 1oct2032, USD (2017)
0.87%
US13034A7E44
0.84%
Greater Orlando Aviation Authority, 5.5% 1nov2037, USD (2025)
0.84%
US09182TGC53
0.81%
US05786PAA12
0.81%
Mission Economic Development Corp., 4.625% 1oct2031, USD (2018)
0.79%
New York Transportation Development Corp., 4% 1jul2035, USD (2016A)
0.77%
Puerto Rico, 5.625% 1jul2029, USD
0.74%
US74440DFN93
0.73%
US650116FD37
0.73%
Baldwin Industrial Development Authority, 4.3% 1mar2056, USD (2026A)
0.69%
AVMU
San Antonio, 4% 15sep2042, USD
2.16%
US47770VCC28
1.68%
US798025ML35
1.63%
Miami Beach, 5% 1sep2040, USD (2015)
1.50%
City of New York, 5% 1aug2032, USD (2025)
1.06%
Grand Parkway Transportation Corp., 4% 1oct2045, USD (2020C)
0.94%
Colorado, 4% 15dec2040, USD (2021A)
0.87%
State of Washington, 5% 1feb2045, USD (2026C)
0.82%
US64985TCL35
0.81%
District of Columbia, 4% 1mar2040, USD (2019A)
0.76%
New York Dormitory Authority, 5% 1jul2041, USD (2016A)
0.76%
US544532GP33
0.73%
University of Michigan, 4% 15feb2044, USD (2019C)
0.72%
Mississippi, 5% 1oct2029, USD (2017A)
0.72%
Delaware Valley Regional Finance Authority, 5.75% 1jul2032, USD
0.69%
Frequently asked questions about SHYD and AVMU
How have the SHYD and AVMU ETFs performed in 2026?
As of September 2, 2026, SHYD is up 0.96% year-to-date (YTD), while AVMU has lost -1.21%. That puts SHYD better performer ahead so far this year.
Which ETF is attracting more investor money: SHYD or AVMU?
Year-to-date, the SHYD ETF saw +$69M in flows, compared to +$25M for AVMU.
Which ETF is more volatile: SHYD or AVMU?
Over the past year, SHYD had a volatility of 1.57%, while AVMU experienced 2.87%.
Which ETF is bigger: SHYD or AVMU?
As of September 2, 2026, SHYD holds $454.66 M in assets under management (AUM), while AVMU manages $169.92 M.
What sectors do the SHYD and AVMU ETFs invest in?
SHYD leans toward sectors like Municipal. Meanwhile, AVMU focuses on Municipal.
What are the top holdings of the SHYD ETF and AVMU ETF?
SHYD top holdings include California Municipal Finance Authority, 4% 15jul2029, USD (2019), Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1) and Puerto Rico, 5.75% 1jul2031, USD. AVMU holds in its top three: San Antonio, 4% 15sep2042, USD, US47770VCC28 and US798025ML35.
Which ETF is more diversified: SHYD or AVMU?
SHYD holds 514 securities with 13.22% of its assets in the top 15. AVMU has 540 securities and a top 15 weight of 15.84%.
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