SMMUvsVPLSETF Comparison
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PIMCO Short Term Municipal Bond Active ETF (SMMU) belongs to the Municipal Bonds segment. Vanguard Core Plus Bond ETF (VPLS) is part of the Intl Aggregate Bonds segment. SMMU's top 3 sector exposures are Municipal, Sovereign and Government Agencies. In contrast, VPLS's top sector exposures are Sovereign, Finance and Industrials. SMMU is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.2% for VPLS. SMMU is up 1.17% year-to-date (YTD) with +$220M in YTD flows. VPLS performs worse with 0.13% YTD performance, and +$899M in YTD flows. Run a side-by-side ETF comparison of SMMU and VPLS 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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SMMU vs VPLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMU VPLS | +0.14%+0.04% | +0.22%-0.65% | +1.17%+0.13% | +2.38%+2.04% | +10.77%n/a | +9.73%n/a |
| Flows | SMMU VPLS | +$33M+$187M | +$86M+$393M | +$220M+$899M | +$247M+$1.25B | +$640M- | +$656M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMU VPLS | +0.76%+3.61% | +0.78%+3.52% | +1.29%n/a | +1.27%n/a |
| Max drawdown | SMMU VPLS | -0.46%-1.60% | -0.81%-2.64% | -1.70%n/a | -4.65%n/a |
| Max drawdown duration | SMMU VPLS | 36d65d | 103d185d | 58dn/a | 814dn/a |
Trading data
SMMU | VPLS | |
Last sale 9/3/2026 at 1:30 PM | $50.08 | $76.06 |
| Previous close 09/02/2026 | $50.09 | $75.94 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
SMMU | VPLS | |
|---|---|---|
| Last price | $50.08 | $76.06 |
| 1D performance | -0.02% | +0.16% |
| AuM | $1.19 B | $1.92 B |
| E/R | 0.35% | 0.2% |
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Exposure
Countries
SMMU
USA
44.47%
Other
55.53%
VPLS
USA
36.21%
Other
63.79%
Sectors
SMMU
Municipal
28.9%
Sovereign
8.39%
Government Agenci.
7.18%
Other
55.53%
VPLS
Sovereign
19.92%
Finance
11.77%
Industrials
7.27%
Other
61.04%
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Diversification
SMMU
Total weight of top 15 holdings out of 15
21.52%
VPLS
Total weight of top 15 holdings out of 15
9.14%
Top 15 holdings
Data as of July 31, 2026
SMMU
FHLB, 0% 21sep2026, USD (364D)
2.72%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
2.21%
USA, Notes 3.5% 28feb2031, USD (V-2031)
1.76%
US20775DL830
1.72%
FHLB, 0% 4sep2026, USD (365D)
1.66%
USA, Bills 0% 15sep2026, USD (119D)
1.47%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
1.32%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
1.22%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
1.20%
USA, Notes 4.625% 30apr2031, USD (K-2031)
1.16%
US20775DZL99
1.08%
US593344CB87
1.07%
US20775DTS17
1.02%
US57585BRA88
0.95%
US678604AC33
0.93%
VPLS
USA, Notes 3.75% 15apr2028, USD (AM-2028)
1.30%
US73015LBP76
0.92%
US3136G5HQ66
0.80%
USA, Notes 4% 31oct2029, USD (R-2029)
0.70%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.68%
US3140Y8GE06
0.59%
US3133KPL229
0.57%
US3136G5WN60
0.56%
US3136G6NT15
0.48%
US67123YAU01
0.45%
NVIDIA, 4.35% 15jun2029, USD
0.43%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.43%
US01F0526800
0.43%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
0.40%
USA, Notes 3.5% 15oct2028, USD (AT-2028)
0.40%
Frequently asked questions about SMMU and VPLS
How have the SMMU and VPLS ETFs performed in 2026?
As of September 1, 2026, SMMU is up 1.17% year-to-date (YTD), while VPLS has returned 0.13%. That puts SMMU better performer ahead so far this year.
Which ETF is attracting more investor money: SMMU or VPLS?
Year-to-date, the SMMU ETF saw +$220M in flows, compared to +$899M for VPLS.
Which ETF is more volatile: SMMU or VPLS?
Over the past year, SMMU had a volatility of 0.78%, while VPLS experienced 3.52%.
Which ETF is bigger: SMMU or VPLS?
As of September 1, 2026, SMMU holds $1.19 B in assets under management (AUM), while VPLS manages $1.92 B.
What sectors do the SMMU and VPLS ETFs invest in?
SMMU leans toward sectors like Municipal, Sovereign and Government Agencies. Meanwhile, VPLS focuses on Sovereign, Finance and Industrials.
What are the top holdings of the SMMU ETF and VPLS ETF?
SMMU top holdings include FHLB, 0% 21sep2026, USD (364D), USA, Notes 3.375% 29feb2028, USD (AY-2028) and USA, Notes 3.5% 28feb2031, USD (V-2031). VPLS holds in its top three: USA, Notes 3.75% 15apr2028, USD (AM-2028), US73015LBP76 and US3136G5HQ66.
Which ETF is more diversified: SMMU or VPLS?
SMMU holds 341 securities with 21.52% of its assets in the top 15. VPLS has 2891 securities and a top 15 weight of 9.14%.
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