SHYDvsVTESETF Comparison
VS
VanEck Short High Yield Muni ETF (SHYD) 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. SHYD is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.05% for VTES. SHYD is up 0.96% year-to-date (YTD) with +$69M in YTD flows. VTES performs worse with 0.59% YTD performance, and +$845M in YTD flows. Run a side-by-side ETF comparison of SHYD 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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SHYD vs VTES 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 VTES | -0.01%+0.10% | -0.07%-0.11% | +0.96%+0.59% | +2.86%+1.59% | +12.42%+9.43% | +3.37%n/a |
| Flows | SHYD VTES | +$7M+$214M | +$35M+$446M | +$69M+$845M | +$113M+$1.13B | +$68M+$2.24B | +$95M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHYD VTES | +1.50%+1.12% | +1.57%+1.11% | +2.27%+1.48% | +2.39%n/a |
| Max drawdown | SHYD VTES | -0.98%-0.77% | -2.14%-1.38% | -2.95%-1.81% | -12.22%n/a |
| Max drawdown duration | SHYD VTES | 58d58d | 123d188d | 114d59d | 1421dn/a |
Trading data
SHYD | VTES | |
Last sale 9/3/2026 at 1:30 PM | $22.52 | $100.29 |
| Previous close 09/02/2026 | $22.55 | $100.35 |
| 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 | 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 9/3/2026 at 1:30 PM
Live
Closed
SHYD | VTES | |
|---|---|---|
| Last price | $22.52 | $100.29 |
| 1D performance | -0.13% | -0.06% |
| AuM | $454.66 M | $2.42 B |
| E/R | 0.32% | 0.05% |
Characteristics
SHYD | VTES | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Vanguard |
| Benchmark | ICE 1-12 Year Broad High Yield Crossover Municipal Index | S&P 0-7 Year National AMT-Free Municipal Bond Index |
| N° of holdings | 270 | 1686 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 13, 2014 | March 9, 2023 |
| ESG | No | No |
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Exposure
Countries
SHYD
USA
57.85%
Other
42.15%
VTES
USA
59.38%
Other
40.62%
Sectors
SHYD
Municipal
57.85%
Other
42.15%
VTES
Municipal
59.38%
Other
40.62%
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Diversification
SHYD
Total weight of top 15 holdings out of 15
13.22%
VTES
Total weight of top 15 holdings out of 15
3.27%
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%
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 SHYD and VTES
How have the SHYD and VTES ETFs performed in 2026?
As of September 2, 2026, SHYD is up 0.96% year-to-date (YTD), while VTES has returned 0.59%. That puts SHYD better performer ahead so far this year.
Which ETF is attracting more investor money: SHYD or VTES?
Year-to-date, the SHYD ETF saw +$69M in flows, compared to +$845M for VTES.
Which ETF is more volatile: SHYD or VTES?
Over the past year, SHYD had a volatility of 1.57%, while VTES experienced 1.11%.
Which ETF is bigger: SHYD or VTES?
As of September 2, 2026, SHYD holds $454.66 M in assets under management (AUM), while VTES manages $2.42 B.
What sectors do the SHYD and VTES ETFs invest in?
SHYD leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the SHYD ETF and VTES 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. VTES holds in its top three: North Colonie Central School District, 3.75% 25jun2027, USD (2026), US64972JQM35 and US13063ENN21.
Which ETF is more diversified: SHYD or VTES?
SHYD holds 514 securities with 13.22% of its assets in the top 15. VTES has 3414 securities and a top 15 weight of 3.27%.
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