USAFvsVTEIETF Comparison
VS
Atlas America Fund (USAF) belongs to the Multi-Asset: Other segment. Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is part of the Municipal Bonds segment. USAF's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, VTEI's top sector exposures are Municipal. USAF is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.08% for VTEI. USAF is up 5.7% year-to-date (YTD) with -$817K in YTD flows. VTEI performs worse with -0.04% YTD performance, and +$481M in YTD flows. Run a side-by-side ETF comparison of USAF and VTEI 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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USAF vs VTEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USAF VTEI | +2.75%-0.29% | +3.28%-0.84% | +5.70%-0.04% | +8.41%+3.23% | n/an/a | n/an/a |
| Flows | USAF VTEI | -$843K+$62M | -$1M+$238M | -$817K+$481M | -$2M+$747M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USAF VTEI | +4.29%+2.17% | +6.01%+2.08% | n/an/a | n/an/a |
| Max drawdown | USAF VTEI | -1.22%-1.80% | -4.43%-2.55% | n/an/a | n/an/a |
| Max drawdown duration | USAF VTEI | 30d53d | 197d180d | n/an/a | n/an/a |
Trading data
USAF | VTEI | |
Last sale 8/31/2026 at 1:30 PM | $28.40 | $98.81 |
| Previous close 08/28/2026 | $28.33 | $98.90 |
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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USAF
is actively managed and doesn’t replicate an indexUSAF | VTEI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
USAF | VTEI | |
|---|---|---|
| Last price | $28.40 | $98.81 |
| 1D performance | +0.25% | -0.09% |
| AuM | $17.33 M | $1.59 B |
| E/R | 0.89% | 0.08% |
Characteristics
USAF | VTEI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Foreside Management Services | Vanguard |
| Benchmark | - | S&P Intermediate Term National AMT-Free Municipal Bond Index |
| N° of holdings | 251 | 2991 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 20, 2024 | January 30, 2024 |
| ESG | No | No |
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Exposure
Countries
USAF
USA
56.08%
Other
43.92%
VTEI
USA
56.56%
Other
43.44%
Sectors
USAF
Sovereign
39.84%
Finance
13.19%
Other
46.97%
VTEI
Municipal
56.56%
Other
43.44%
Diversification
USAF
Total weight of top 15 holdings out of 15
46.06%
VTEI
Total weight of top 15 holdings out of 15
1.97%
Top 15 holdings
Data as of July 31, 2026
USAF
US46090F3082
9.37%
US98149E3036
7.79%
US46436F1030
7.57%
US82889N5665
3.64%
US74347B2016
3.23%
US37954Y3844
2.52%
US37960A5294
2.34%
US9220408457
1.94%
Digital Realty Trust, Inc.
1.44%
Equinix, Inc.
1.34%
Realty Income Corp.
1.34%
American Tower Corp.
1.28%
Crown Castle, Inc.
0.87%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
0.70%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
0.69%
VTEI
California, 5% 1oct2035, USD
0.16%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.16%
California Public Works Board, 5% 1apr2035, USD
0.14%
University of California, 5% 15may2036, USD (2025)
0.14%
US697379YS89
0.14%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.13%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.13%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.13%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.13%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.13%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
US67766WV741
0.12%
US677523LK63
0.11%
US419792MM53
0.11%
Frequently asked questions about USAF and VTEI
How have the USAF and VTEI ETFs performed in 2026?
As of August 31, 2026, USAF is up 5.7% year-to-date (YTD), while VTEI has lost -0.04%. That puts USAF better performer ahead so far this year.
Which ETF is attracting more investor money: USAF or VTEI?
Year-to-date, the USAF ETF saw -$817K in flows, compared to +$481M for VTEI.
Which ETF is more volatile: USAF or VTEI?
Over the past year, USAF had a volatility of 6.01%, while VTEI experienced 2.08%.
Which ETF is bigger: USAF or VTEI?
As of August 31, 2026, USAF holds $17.33 M in assets under management (AUM), while VTEI manages $1.59 B.
What sectors do the USAF and VTEI ETFs invest in?
USAF leans toward sectors like Sovereign and Finance. Meanwhile, VTEI focuses on Municipal.
What are the top holdings of the USAF ETF and VTEI ETF?
USAF top holdings include US46090F3082, US98149E3036 and US46436F1030. VTEI holds in its top three: California, 5% 1oct2035, USD, Bay Area Toll Authority, 5% 1apr2061, USD (2026) and California Public Works Board, 5% 1apr2035, USD.
Which ETF is more diversified: USAF or VTEI?
USAF holds 262 securities with 46.06% of its assets in the top 15. VTEI has 6057 securities and a top 15 weight of 1.97%.
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