SMBvsAGGETF Comparison
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VanEck Short Muni ETF (SMB) belongs to the Municipal Bonds segment. iShares Core U.S. Aggregate Bond ETF (AGG) is part of the US Aggregate Bonds segment. SMB's top 1 sector exposures are Municipal. In contrast, AGG's top sector exposures are Sovereign, Finance and Industrials. SMB is more expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.03% for AGG. SMB is up 0.17% year-to-date (YTD) with +$81M in YTD flows. AGG performs worse with -1.56% YTD performance, and +$9.47B in YTD flows. Run a side-by-side ETF comparison of SMB and AGG 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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SMB vs AGG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMB AGG | +0.03%-0.07% | -0.65%-1.76% | +0.17%-1.56% | +0.63%-1.69% | +9.84%+14.92% | +5.42%-1.69% |
| Flows | SMB AGG | +$57M+$1.99B | +$63M+$3.85B | +$81M+$9.47B | +$88M+$12.04B | +$125M+$47.93B | +$58M+$66.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMB AGG | +2.25%+4.37% | +1.41%+3.87% | +1.43%+4.94% | +1.53%+5.93% |
| Max drawdown | SMB AGG | -2.28%-3.28% | -2.49%-4.64% | -2.49%-4.86% | -6.38%-17.35% |
| Max drawdown duration | SMB AGG | 64d52d | 229d229d | 229d284d | 995d1555d |
Trading data
SMB | AGG | |
Last sale 10/16/2026 at 1:30 PM | $17.10 | $95.38 |
| Previous close 10/15/2026 | $17.18 | $95.41 |
| Consolidated volume 10/15/2026 | ||
| 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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SMB | AGG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SMB | AGG | |
|---|---|---|
| Last price | $17.10 | $95.38 |
| 1D performance | -0.47% | -0.03% |
| AuM | $371.23 M | $138.51 B |
| E/R | 0.07% | 0.03% |
Characteristics
SMB | AGG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | iShares |
| Benchmark | ICE Short AMT-Free Broad National Municipal Index | Bloomberg US Aggregate Bond Index |
| N° of holdings | 234 | 10222 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 22, 2008 | September 22, 2003 |
| ESG | No | No |
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Exposure
Countries
SMB
USA
72.14%
Other
27.86%
AGG
USA
76.71%
Other
23.29%
Sectors
SMB
Municipal
72.14%
Other
27.86%
AGG
Sovereign
47.19%
Finance
9.95%
Industrials
7.05%
Other
35.81%
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Diversification
SMB
Total weight of top 15 holdings out of 15
13.24%
AGG
Total weight of top 15 holdings out of 15
8.43%
Top 15 holdings
Data as of August 31, 2026
SMB
US64972LAF04
1.05%
US45506EMV29
1.03%
US160853VD67
1.03%
California, 5% 1apr2030, USD
1.03%
Southeast Energy Authority, 4% 1dec2051, USD
0.95%
Massachusetts, 5% 1may2031, USD
0.91%
US48542AFE64
0.90%
New Jersey, 2% 1jun2030, USD (2021)
0.90%
California, 5% 1oct2031, USD
0.89%
US64972KKJ33
0.85%
US13078HAY80
0.79%
Massachusetts, 5% 1oct2031, USD (2022)
0.79%
King, 4% 1jul2030, USD
0.72%
Black Belt Energy Gas District, 4% 1oct2052, USD (2021)
0.72%
Connecticut, 3% 15jan2032, USD
0.70%
AGG
BlackRock Cash Funds - Institutional
3.01%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.41%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.40%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.40%
USA, Notes 4% 28feb2030, USD (H-2030)
0.40%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.39%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.39%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.39%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.39%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.38%
USA, Notes 3.875% 15jul2028, USD (AQ-2028)
0.38%
USA, Notes 4% 15nov2035, USD (F-2035)
0.38%
USA, Notes 4% 15feb2034, USD (B-2034)
0.37%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.37%
USA, Notes 3.5% 15oct2028, USD (AT-2028)
0.37%
Frequently asked questions about SMB and AGG
How have the SMB and AGG ETFs performed in 2026?
As of October 16, 2026, SMB is up 0.17% year-to-date (YTD), while AGG has lost -1.56%. That puts SMB better performer ahead so far this year.
Which ETF is attracting more investor money: SMB or AGG?
Year-to-date, the SMB ETF saw +$81M in flows, compared to +$9.47B for AGG.
Which ETF is more volatile: SMB or AGG?
Over the past year, SMB had a volatility of 1.41%, while AGG experienced 3.87%.
Which ETF is bigger: SMB or AGG?
As of October 16, 2026, SMB holds $371.23 M in assets under management (AUM), while AGG manages $138.51 B.
What sectors do the SMB and AGG ETFs invest in?
SMB leans toward sectors like Municipal. Meanwhile, AGG focuses on Sovereign, Finance and Industrials.
What are the top holdings of the SMB ETF and AGG ETF?
SMB top holdings include US64972LAF04, US45506EMV29 and US160853VD67. AGG holds in its top three: BlackRock Cash Funds - Institutional, USA, Notes 4.625% 15feb2035, USD (B-2035) and USA, Notes 4.25% 15nov2034, USD (F-2034).
Which ETF is more diversified: SMB or AGG?
SMB holds 330 securities with 13.24% of its assets in the top 15. AGG has 13256 securities and a top 15 weight of 8.43%.
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