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VMBSvsMMSDETF Comparison

ETF 1

VMBS

Vanguard Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.16%

Full VMBS fund page

VS

ETF 2

MMSD

NYLI MacKay Muni Short Duration ETF

This fund is part of

Municipal Bonds

-0.24%

Full MMSD fund page

Vanguard Mortgage-Backed Securities ETF (VMBS) belongs to the MBS & ABS segment. NYLI MacKay Muni Short Duration ETF (MMSD) is part of the Municipal Bonds segment. VMBS's top 3 sector exposures are Industrials, Finance and Government Agencies. In contrast, MMSD's top sector exposures are Municipal, Healthcare and Industrials. VMBS is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.44% for MMSD. VMBS is down -0.77% year-to-date (YTD) with +$1.43B in YTD flows. MMSD performs better with 1.28% YTD performance, and +$28M in YTD flows. Run a side-by-side ETF comparison of VMBS and MMSD 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 MMSD performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/09/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VMBS MMSD	-0.36%-0.31%	-0.61%+0.01%	-0.77%+1.28%	+0.86%+1.92%	+14.62%n/a	+0.62%n/a
Flows	VMBS MMSD	+$356M+$6M	+$713M+$15M	+$1.43B+$28M	+$1.33B+$57M	-$727M-	+$3.08B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VMBS MMSD	+4.23%+1.12%	+3.79%+1.08%	+5.49%n/a	+6.44%n/a
Max drawdown	VMBS MMSD	-1.66%-0.61%	-3.31%-1.25%	-5.47%n/a	-16.91%n/a
Max drawdown duration	VMBS MMSD	72d36d	192d114d	75dn/a	1459dn/a

Trading data

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	VMBS	MMSD
Last sale 9/10/2026 at 7:02 PM	$45.39	$25.07
Previous close 09/09/2026	$45.71	$25.10
Consolidated volume 09/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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MMSD

is actively managed and doesn’t replicate an index

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	VMBS	MMSD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/10/2026 at 7:02 PM

Live

Closed

	VMBS	MMSD
Last price	$45.39	$25.07
1D performance	-0.71%	-0.11%
AuM	$15.83 B	$84.13 M
E/R	0.03%	0.44%

Characteristics

	VMBS	MMSD
Management strategy	Passive	Active
Provider	Vanguard	New York Life Investments
Benchmark	Bloomberg U.S. MBS Float Adjusted Index	-
N° of holdings	701	41
Asset class	Bonds	-
Trailing 12m distribution yield	Join	Join
Inception date	November 19, 2009	May 5, 2025
ESG	No	No

More VMBS data on Trackinsight

More MMSD data on Trackinsight

Exposure

Countries

VMBS

USA

26.52%

Other

73.48%

MMSD

USA

24.97%

Other

75.03%

Sectors

VMBS

Industrials

26.09%

Other

73.91%

MMSD

Municipal

22.59%

Other

77.41%

Diversification

VMBS

Total weight of top 15 holdings out of 15

3.98%

MMSD

Total weight of top 15 holdings out of 15

19.67%

Top 15 holdings

Data as of July 31, 2026

VMBS

US21H0526861

0.38%

G2 MB0025, 5% 20nov2054, USD (ABS)

0.29%

US3618N56H72

0.29%

US01F0506927

0.28%

US3618N6K636

0.27%

US3140Y9B864

0.27%

US3618N6BE68

0.27%

G2 MB0024, 4.5% 20nov2054, USD (ABS)

0.26%

US3132E0TL66

0.25%

US3142J6DY61

0.25%

US3618N6HU47

0.24%

FR SD8146, 2% 1may2051, USD (ABS)

0.24%

US3618N6FL65

0.23%

US3142J6C840

0.23%

FR RQ0056, 5.5% 1oct2055, USD (ABS)

0.22%

MMSD

US708692BV94

1.85%

US72342NAF24

1.51%

US118217CN67

1.32%

US84136HCT86

1.31%

US19648FJ393

1.29%

Black Belt Energy Gas District, 5% 1jun2031, USD (2026)

1.29%

Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)

1.28%

US63609YAA64

1.24%

New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)

1.24%

US360059AL37

1.23%

US59447UBB52

1.23%

US04785VCD47

1.23%

Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)

1.23%

San Jose (CA), 3.05% 1may2066, USD (2026A)

1.22%

US87972MCC47

1.22%

Frequently asked questions about VMBS and MMSD

How have the VMBS and MMSD ETFs performed in 2026?

As of September 9, 2026, VMBS is down -0.77% year-to-date (YTD), while MMSD has returned 1.28%. That puts MMSD better performer ahead so far this year.

Which ETF is attracting more investor money: VMBS or MMSD?

Year-to-date, the VMBS ETF saw +$1.43B in flows, compared to +$28M for MMSD.

Which ETF is more volatile: VMBS or MMSD?

Over the past year, VMBS had a volatility of 3.79%, while MMSD experienced 1.08%.

Which ETF is bigger: VMBS or MMSD?

As of September 9, 2026, VMBS holds $15.83 B in assets under management (AUM), while MMSD manages $84.13 M.

What sectors do the VMBS and MMSD ETFs invest in?

VMBS leans toward sectors like Industrials. Meanwhile, MMSD focuses on Municipal.

What are the top holdings of the VMBS ETF and MMSD ETF?

VMBS top holdings include US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72. MMSD holds in its top three: US708692BV94, US72342NAF24 and US118217CN67.

VMBSvsMMSDETF Comparison

Vanguard Mortgage-Backed Securities ETF

NYLI MacKay Muni Short Duration ETF

VMBS vs MMSD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the VMBS and MMSD ETFs performed in 2026?

As of September 9, 2026, VMBS is down -0.77% year-to-date (YTD), while MMSD has returned 1.28%. That puts MMSD better performer ahead so far this year.

Which ETF is attracting more investor money: VMBS or MMSD?

Year-to-date, the VMBS ETF saw +$1.43B in flows, compared to +$28M for MMSD.

Which ETF is more volatile: VMBS or MMSD?

Over the past year, VMBS had a volatility of 3.79%, while MMSD experienced 1.08%.

Which ETF is bigger: VMBS or MMSD?

As of September 9, 2026, VMBS holds $15.83 B in assets under management (AUM), while MMSD manages $84.13 M.

What sectors do the VMBS and MMSD ETFs invest in?

VMBS leans toward sectors like Industrials. Meanwhile, MMSD focuses on Municipal.

What are the top holdings of the VMBS ETF and MMSD ETF?

VMBS top holdings include US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72. MMSD holds in its top three: US708692BV94, US72342NAF24 and US118217CN67.

Which ETF is more diversified: VMBS or MMSD?

VMBS holds 5140 securities with 3.98% of its assets in the top 15. MMSD has 155 securities and a top 15 weight of 19.67%.

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