VMBSvsFTMHETF Comparison
VS
Vanguard Mortgage-Backed Securities ETF (VMBS) belongs to the MBS & ABS segment. Franklin Municipal High Yield ETF (FTMH) is part of the Municipal Bonds segment. VMBS's top 3 sector exposures are Industrials, Finance and Government Agencies. In contrast, FTMH's top sector exposures are Municipal. VMBS is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.35% for FTMH. VMBS is down -1.56% year-to-date (YTD) with +$1.65B in YTD flows. FTMH performs worse with -3.64% YTD performance, and +$167M in YTD flows. Run a side-by-side ETF comparison of VMBS and FTMH 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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VMBS vs FTMH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VMBS FTMH | +0.90%+0.36% | -0.77%-4.05% | -1.56%-3.64% | -1.07%-3.70% | +19.19%n/a | +0.51%n/a |
| Flows | VMBS FTMH | +$101M+$107M | +$687M+$140M | +$1.65B+$167M | +$1.62B+$709M | -$1.53B- | +$2.95B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VMBS FTMH | +5.69%+6.70% | +4.39%+4.44% | +5.35%n/a | +6.51%n/a |
| Max drawdown | VMBS FTMH | -4.22%-7.79% | -5.75%-9.58% | -5.75%n/a | -16.74%n/a |
| Max drawdown duration | VMBS FTMH | 59d87d | 236d115d | 236dn/a | 1398dn/a |
Trading data
VMBS | FTMH | |
Last sale 10/23/2026 at 1:30 PM | $45.23 | $11.08 |
| Previous close 10/22/2026 | $45.30 | $11.07 |
| Consolidated volume 10/22/2026 | ||
| 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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FTMH
is actively managed and doesn’t replicate an indexVMBS | FTMH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
VMBS | FTMH | |
|---|---|---|
| Last price | $45.23 | $11.08 |
| 1D performance | -0.15% | +0.09% |
| AuM | $15.87 B | $683.12 M |
| E/R | 0.03% | 0.35% |
Characteristics
VMBS | FTMH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | Franklin Templeton |
| Benchmark | Bloomberg U.S. MBS Float Adjusted Index | - |
| N° of holdings | 698 | 96 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2009 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
VMBS
USA
26.03%
Other
73.97%
FTMH
USA
26.09%
Other
73.91%
Sectors
VMBS
Industrials
25.62%
Other
74.38%
FTMH
Municipal
26.09%
Other
73.91%
Diversification
VMBS
Total weight of top 15 holdings out of 15
3.67%
FTMH
Total weight of top 15 holdings out of 15
13.81%
Top 15 holdings
Data as of August 31, 2026
VMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.28%
US3618N56H72
0.28%
US3618N6K636
0.26%
US3618N6BE68
0.26%
US3140Y9B864
0.26%
G2 MB0024, 4.5% 20nov2054, USD (ABS)
0.25%
US21H0606A46
0.25%
US3132E0TL66
0.25%
US3142J6DY61
0.24%
US3618N6HU47
0.23%
FR SD8146, 2% 1may2051, USD (ABS)
0.23%
US3618N6FL65
0.23%
US01F0526982
0.22%
US3142J6C840
0.22%
FR RQ0056, 5.5% 1oct2055, USD (ABS)
0.21%
FTMH
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
1.61%
CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2)
1.22%
US389526AJ35
0.97%
Puerto Rico, 4% 1jul2041, USD
0.96%
US57420VSP93
0.95%
US292723DP56
0.94%
Illinois Finance Authority, 5% 15feb2047, USD (2017A)
0.91%
Detroit, 4% 1apr2044, USD
0.87%
US650116GY64
0.82%
Chicago Board of Education, 5.75% 1dec2050, USD (2025A)
0.80%
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
0.79%
New York Transportation Development Corp., 4% 1jan2036, USD (2018)
0.78%
US51404PAK57
0.75%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
0.74%
Maricopa Industrial Development Authority, 7.375% 1oct2029, USD (2024)
0.71%
Frequently asked questions about VMBS and FTMH
How have the VMBS and FTMH ETFs performed in 2026?
As of October 23, 2026, VMBS is down -1.56% year-to-date (YTD), while FTMH has lost -3.64%. That puts VMBS better performer ahead so far this year.
Which ETF is attracting more investor money: VMBS or FTMH?
Year-to-date, the VMBS ETF saw +$1.65B in flows, compared to +$167M for FTMH.
Which ETF is more volatile: VMBS or FTMH?
Over the past year, VMBS had a volatility of 4.39%, while FTMH experienced 4.44%.
Which ETF is bigger: VMBS or FTMH?
As of October 23, 2026, VMBS holds $15.87 B in assets under management (AUM), while FTMH manages $683.12 M.
What sectors do the VMBS and FTMH ETFs invest in?
VMBS leans toward sectors like Industrials. Meanwhile, FTMH focuses on Municipal.
What are the top holdings of the VMBS ETF and FTMH ETF?
VMBS top holdings include G2 MB0025, 5% 20nov2054, USD (ABS), US3618N56H72 and US3618N6K636. FTMH holds in its top three: New York Transportation Development Corp., 6% 30jun2055, USD (2025), CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2) and US389526AJ35.
Which ETF is more diversified: VMBS or FTMH?
VMBS holds 4834 securities with 3.67% of its assets in the top 15. FTMH has 512 securities and a top 15 weight of 13.81%.
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