SMMUvsVSDMETF Comparison
VS
PIMCO Short Term Municipal Bond Active ETF (SMMU) and Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) belong to the same industry segment: Municipal Bonds. SMMU's top 3 sector exposures are Municipal, Sovereign and Government Agencies. In contrast, VSDM's top sector exposures are Municipal. SMMU is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.12% for VSDM. SMMU is up 0.95% year-to-date (YTD) with +$276M in YTD flows. VSDM performs worse with 0.45% YTD performance, and +$1.01B in YTD flows. Run a side-by-side ETF comparison of SMMU and VSDM 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 VSDM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMU VSDM | +0.24%-0.08% | -0.24%-0.90% | +0.95%+0.45% | +1.50%+0.97% | +11.04%n/a | +9.77%n/a |
| Flows | SMMU VSDM | +$51M+$326M | +$110M+$563M | +$276M+$1.01B | +$272M+$1.11B | +$695M- | +$707M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMU VSDM | +2.02%+2.68% | +1.19%+1.65% | +1.38%n/a | +1.34%n/a |
| Max drawdown | SMMU VSDM | -1.87%-2.74% | -1.87%-2.75% | -1.87%n/a | -4.42%n/a |
| Max drawdown duration | SMMU VSDM | 52d64d | 52d102d | 52dn/a | 738dn/a |
Trading data
SMMU | VSDM | |
Last sale 10/16/2026 at 1:30 PM | $49.82 | $75.07 |
| Previous close 10/15/2026 | $49.83 | $74.98 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SMMU | VSDM | |
|---|---|---|
| Last price | $49.82 | $75.07 |
| 1D performance | -0.02% | +0.11% |
| AuM | $1.24 B | $1.34 B |
| E/R | 0.35% | 0.12% |
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Exposure
Countries
SMMU
USA
42.82%
Other
57.18%
VSDM
USA
42.8%
Other
57.2%
Sectors
SMMU
Municipal
27.39%
Sovereign
10.62%
Other
61.99%
VSDM
Municipal
42.8%
Other
57.2%
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Diversification
SMMU
Total weight of top 15 holdings out of 15
24.02%
VSDM
Total weight of top 15 holdings out of 15
5.2%
Top 15 holdings
Data as of August 31, 2026
SMMU
USA, Bills 0% 20oct2026, USD (119D)
5.93%
FHLB, 0% 21sep2026, USD (364D)
2.62%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
1.69%
US20775DL830
1.65%
USA, Bills 0% 15sep2026, USD (119D)
1.42%
FHLB, 0% 4sep2026, USD (365D)
1.40%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
1.27%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
1.16%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
1.15%
US593344CB87
1.04%
US20775DZL99
1.03%
US20775DTS17
0.98%
US57585BRA88
0.91%
US678604AC33
0.90%
US13063EUT18
0.86%
VSDM
US13013JCS33
0.49%
California Community Choice Financing Authority, 5% 1jul2053, USD (2023B)
0.44%
US84136HAH66
0.44%
New Jersey Transportation Trust Fund Authority, 5% 15dec2034, USD
0.36%
Rutherford Health and Educational Facilities Board, 5% 15nov2048, USD (2025B-1)
0.33%
Florida Municipal Power Agency, 4% 1oct2030, USD (2018A)
0.33%
US13013JAP12
0.33%
US09182TEC71
0.33%
US54811GS350
0.33%
Energy Southeast, 5% 1nov2033, USD (2026)
0.31%
US09182TLC98
0.31%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
0.31%
US842469DL92
0.30%
US56035DEN84
0.30%
Southern California Public Power Authority, 5% 1nov2033, USD (2026A)
0.29%
Frequently asked questions about SMMU and VSDM
How have the SMMU and VSDM ETFs performed in 2026?
As of October 16, 2026, SMMU is up 0.95% year-to-date (YTD), while VSDM has returned 0.45%. That puts SMMU better performer ahead so far this year.
Which ETF is attracting more investor money: SMMU or VSDM?
Year-to-date, the SMMU ETF saw +$276M in flows, compared to +$1.01B for VSDM.
Which ETF is more volatile: SMMU or VSDM?
Over the past year, SMMU had a volatility of 1.19%, while VSDM experienced 1.65%.
Which ETF is bigger: SMMU or VSDM?
As of October 16, 2026, SMMU holds $1.24 B in assets under management (AUM), while VSDM manages $1.34 B.
What sectors do the SMMU and VSDM ETFs invest in?
SMMU leans toward sectors like Municipal and Sovereign. Meanwhile, VSDM focuses on Municipal.
What are the top holdings of the SMMU ETF and VSDM ETF?
SMMU top holdings include USA, Bills 0% 20oct2026, USD (119D), FHLB, 0% 21sep2026, USD (364D) and USA, Notes 4.25% 31jul2028, USD (BE-2028). VSDM holds in its top three: US13013JCS33, California Community Choice Financing Authority, 5% 1jul2053, USD (2023B) and US84136HAH66.
Which ETF is more diversified: SMMU or VSDM?
SMMU holds 344 securities with 24.02% of its assets in the top 15. VSDM has 3102 securities and a top 15 weight of 5.2%.
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