SHYDvsVTEBETF Comparison
VS
VanEck Short High Yield Muni ETF (SHYD) and Vanguard Tax-Exempt Bond Index ETF (VTEB) 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 0.03% for VTEB. SHYD is up 0.96% year-to-date (YTD) with +$69M in YTD flows. VTEB performs worse with -0.43% YTD performance, and +$4.61B in YTD flows. Run a side-by-side ETF comparison of SHYD and VTEB 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 VTEB 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 VTEB | -0.01%-0.82% | -0.07%-1.88% | +0.96%-0.43% | +2.86%+3.69% | +12.42%+9.33% | +3.37%+2.25% |
| Flows | SHYD VTEB | +$7M+$789M | +$35M+$2.39B | +$69M+$4.61B | +$113M+$7.53B | +$68M+$18.18B | +$95M+$34.09B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHYD VTEB | +1.50%+2.64% | +1.57%+2.55% | +2.27%+3.71% | +2.39%+3.67% |
| Max drawdown | SHYD VTEB | -0.98%-2.57% | -2.14%-2.65% | -2.95%-5.41% | -12.22%-12.41% |
| Max drawdown duration | SHYD VTEB | 58d58d | 123d117d | 114d275d | 1421d1001d |
Trading data
SHYD | VTEB | |
Last sale 9/3/2026 at 1:30 PM | $22.52 | $48.86 |
| Previous close 09/02/2026 | $22.55 | $48.95 |
| 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 August 31, 2026
1-year trailing difference
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SHYD | VTEB | |
|---|---|---|
| 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 | VTEB | |
|---|---|---|
| Last price | $22.52 | $48.86 |
| 1D performance | -0.13% | -0.18% |
| AuM | $454.66 M | $45.92 B |
| E/R | 0.32% | 0.03% |
Characteristics
SHYD | VTEB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Vanguard |
| Benchmark | ICE 1-12 Year Broad High Yield Crossover Municipal Index | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 270 | 5288 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 13, 2014 | August 21, 2015 |
| ESG | No | No |
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Exposure
Countries
SHYD
USA
57.85%
Other
42.15%
VTEB
USA
57.45%
Other
42.55%
Sectors
SHYD
Municipal
57.85%
Other
42.15%
VTEB
Municipal
57.45%
Other
42.55%
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Diversification
SHYD
Total weight of top 15 holdings out of 15
13.22%
VTEB
Total weight of top 15 holdings out of 15
1.34%
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%
VTEB
City of New York, 5% 1aug2034, USD (2026)
0.12%
University of California, 5% 15may2036, USD (2025)
0.11%
Idaho, 4% 30jun2027, USD (2026)
0.10%
California, 5.25% 1aug2032, USD
0.10%
US574193YA01
0.09%
US650028F737
0.09%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.09%
US650028F653
0.08%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.08%
US67766WV741
0.08%
Energy Northwest, 5% 1jul2034, USD (2026-A)
0.08%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.08%
US646140KX00
0.08%
New Jersey Turnpike Authority, 5% 1jan2032, USD (2025)
0.08%
Illinois, 5% 1nov2027, USD (2017D)
0.08%
Frequently asked questions about SHYD and VTEB
How have the SHYD and VTEB ETFs performed in 2026?
As of September 2, 2026, SHYD is up 0.96% year-to-date (YTD), while VTEB has lost -0.43%. That puts SHYD better performer ahead so far this year.
Which ETF is attracting more investor money: SHYD or VTEB?
Year-to-date, the SHYD ETF saw +$69M in flows, compared to +$4.61B for VTEB.
Which ETF is more volatile: SHYD or VTEB?
Over the past year, SHYD had a volatility of 1.57%, while VTEB experienced 2.55%.
Which ETF is bigger: SHYD or VTEB?
As of September 2, 2026, SHYD holds $454.66 M in assets under management (AUM), while VTEB manages $45.92 B.
What sectors do the SHYD and VTEB ETFs invest in?
SHYD leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the SHYD ETF and VTEB 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. VTEB holds in its top three: City of New York, 5% 1aug2034, USD (2026), University of California, 5% 15may2036, USD (2025) and Idaho, 4% 30jun2027, USD (2026).
Which ETF is more diversified: SHYD or VTEB?
SHYD holds 514 securities with 13.22% of its assets in the top 15. VTEB has 10658 securities and a top 15 weight of 1.34%.
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Latest news about SHYD & VTEB
A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
VTEB
Vanguard plans to launch a new short-term municipal bond ETF in 2023
December 23, 2022
VTEB
Investing in Municipal Bond ETFs
October 24, 2022
VTEB
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