VMSBvsVTEBETF Comparison
VS
Voya Multi-Sector Income ETF (VMSB) belongs to the Intl Aggregate Bonds segment. Vanguard Tax-Exempt Bond Index ETF (VTEB) is part of the Municipal Bonds segment. VMSB's top 3 sector exposures are Finance, Industrials and Utilities. In contrast, VTEB's top sector exposures are Municipal. VMSB is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.03% for VTEB. VMSB is down -0.82% year-to-date (YTD) with +$217M in YTD flows. VTEB performs worse with -2.08% YTD performance, and +$10.89B in YTD flows. Run a side-by-side ETF comparison of VMSB and VTEB 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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VMSB vs VTEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VMSB VTEB | -0.19%-0.21% | -2.07%-3.46% | -0.82%-2.08% | n/a-1.57% | n/a+10.28% | n/a+1.27% |
| Flows | VMSB VTEB | +$951K+$5.04B | +$16M+$7.65B | +$217M+$10.89B | -+$12.82B | -+$24.62B | -+$39.99B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VMSB VTEB | +4.35%+5.28% | n/a+3.33% | n/a+3.84% | n/a+3.82% |
| Max drawdown | VMSB VTEB | -3.72%-5.92% | n/a-6.63% | n/a-6.63% | n/a-12.41% |
| Max drawdown duration | VMSB VTEB | 64d92d | n/a102d | n/a102d | n/a1001d |
Trading data
VMSB | VTEB | |
Last sale 10/16/2026 at 1:30 PM | $47.97 | $48.00 |
| Previous close 10/15/2026 | $47.95 | $47.96 |
| Consolidated volume 10/15/2026 | ||
| 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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VMSB
is actively managed and doesn’t replicate an indexVMSB | VTEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
VMSB | VTEB | |
|---|---|---|
| Last price | $47.97 | $48.00 |
| 1D performance | +0.05% | +0.08% |
| AuM | $315.38 M | $51.37 B |
| E/R | 0.25% | 0.03% |
Characteristics
VMSB | VTEB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Voya Investment Management | Vanguard |
| Benchmark | - | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 436 | 5200 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 3, 2025 | August 21, 2015 |
| ESG | No | No |
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Exposure
Countries
VMSB
USA
48.86%
Other
51.14%
VTEB
USA
55.18%
Other
44.82%
Sectors
VMSB
Finance
12.73%
Industrials
9.29%
Other
77.98%
VTEB
Municipal
55.18%
Other
44.82%
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Diversification
VMSB
Total weight of top 15 holdings out of 15
13.35%
VTEB
Total weight of top 15 holdings out of 15
1.57%
Top 15 holdings
Data as of August 31, 2026
VMSB
US91282CRF04
2.52%
US91282CRK98
2.22%
US3137FVRM68
1.22%
US3137H2JD76
1.12%
US3137FYMM52
1.06%
US38384YBB65
1.04%
US91282CRG86
0.53%
RD Michigan Property Owner I, 7.5% 30mar2045, USD
0.48%
GWT Commercial Mortgage Trust 2024-WLF2, FRN 15may2041, USD (ABS, A)
0.47%
US04021EAA47
0.47%
US05620AAA43
0.46%
Crown Castle, 5.6% 1jun2029, USD
0.46%
US91530VAA70
0.45%
Southern Co., 3.75% 15sep2051, USD (2021A)
0.44%
Cloud Software Group, 6.5% 31mar2029, USD
0.42%
VTEB
US13063EUN48
0.16%
US13063EUP95
0.15%
City of New York, 5% 1aug2034, USD (2026)
0.12%
University of California, 5% 15may2036, USD (2025)
0.11%
US68608JXF38
0.10%
Idaho, 4% 30jun2027, USD (2026)
0.10%
US87638QBF54
0.10%
California, 5.25% 1aug2032, USD
0.10%
US646140KX00
0.10%
New Jersey Health Care Facilities Financing Authority, 1.9% 1jul2061, USD (2026B-1)
0.10%
City of New York, 5% 1aug2032, USD (2026)
0.09%
US574193YA01
0.09%
Wisconsin, 5% 1may2038, USD (2026)
0.09%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.08%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.08%
Frequently asked questions about VMSB and VTEB
How have the VMSB and VTEB ETFs performed in 2026?
As of October 16, 2026, VMSB is down -0.82% year-to-date (YTD), while VTEB has lost -2.08%. That puts VMSB better performer ahead so far this year.
Which ETF is attracting more investor money: VMSB or VTEB?
Year-to-date, the VMSB ETF saw +$217M in flows, compared to +$10.89B for VTEB.
Which ETF is bigger: VMSB or VTEB?
As of October 16, 2026, VMSB holds $315.38 M in assets under management (AUM), while VTEB manages $51.37 B.
What sectors do the VMSB and VTEB ETFs invest in?
VMSB leans toward sectors like Finance and Industrials. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the VMSB ETF and VTEB ETF?
VMSB top holdings include US91282CRF04, US91282CRK98 and US3137FVRM68. VTEB holds in its top three: US13063EUN48, US13063EUP95 and City of New York, 5% 1aug2034, USD (2026).
Which ETF is more diversified: VMSB or VTEB?
VMSB holds 668 securities with 13.35% of its assets in the top 15. VTEB has 10722 securities and a top 15 weight of 1.57%.
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Latest news about VMSB & VTEB
The Weekly ETF Market Monitor (September 28-October 2, 2026)
October 2, 2026
VTEB
A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
VTEB
Vanguard plans to launch a new short-term municipal bond ETF in 2023
December 23, 2022
VTEB
Investing in Municipal Bond ETFs
October 24, 2022
VTEB
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