VSDMvsMUNIETF Comparison
VS
Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) and PIMCO Intermediate Municipal Bond Active ETF (MUNI) belong to the same industry segment: Municipal Bonds. VSDM's top 1 sector exposures are Municipal. In contrast, MUNI's top sector exposures are Municipal and Sovereign. VSDM is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.35% for MUNI. VSDM is up 1.21% year-to-date (YTD) with +$606M in YTD flows. MUNI performs worse with -0.43% YTD performance, and +$672M in YTD flows. Run a side-by-side ETF comparison of VSDM and MUNI 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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VSDM vs MUNI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VSDM MUNI | +0.14%-0.78% | -0.01%-1.58% | +1.21%-0.43% | +2.76%+2.93% | n/a+10.45% | n/a+3.92% |
| Flows | VSDM MUNI | +$117M+$72M | +$274M+$197M | +$606M+$672M | +$752M+$1.03B | -+$2.15B | -+$2.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VSDM MUNI | +1.16%+2.52% | +1.16%+2.14% | n/a+3.08% | n/a+3.00% |
| Max drawdown | VSDM MUNI | -0.77%-2.16% | -1.40%-2.39% | n/a-4.03% | n/a-11.21% |
| Max drawdown duration | VSDM MUNI | 58d57d | 123d184d | n/a185d | n/a1045d |
Trading data
VSDM | MUNI | |
Last sale 9/3/2026 at 1:30 PM | $75.82 | $51.13 |
| Previous close 09/02/2026 | $75.82 | $51.19 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
VSDM | MUNI | |
|---|---|---|
| Last price | $75.82 | $51.13 |
| 1D performance | +0.00% | -0.12% |
| AuM | $945.61 M | $3.12 B |
| E/R | 0.12% | 0.35% |
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Exposure
Countries
VSDM
USA
46.15%
Other
53.85%
MUNI
USA
48.52%
Other
51.48%
Sectors
VSDM
Municipal
46.15%
Other
53.85%
MUNI
Municipal
41.12%
Sovereign
7.4%
Other
51.48%
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Diversification
VSDM
Total weight of top 15 holdings out of 15
5.32%
MUNI
Total weight of top 15 holdings out of 15
16.98%
Top 15 holdings
Data as of July 31, 2026
VSDM
US84136HAH66
0.50%
New Jersey Transportation Trust Fund Authority, 5% 15dec2034, USD
0.41%
Florida Municipal Power Agency, 4% 1oct2030, USD (2018A)
0.38%
US13013JAP12
0.38%
US13013JCS33
0.37%
Energy Southeast, 5% 1nov2033, USD (2026)
0.36%
US09182TEC71
0.35%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
0.35%
US842469DL92
0.34%
Southern California Public Power Authority, 5% 1nov2033, USD (2026A)
0.33%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
0.32%
US54811GS350
0.32%
US54811GM494
0.31%
US13013JBJ43
0.30%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
0.29%
MUNI
USA, Notes 3.375% 29feb2028, USD (AY-2028)
2.62%
USA, Notes 3.5% 28feb2031, USD (V-2031)
2.12%
USA, Notes 4.625% 30apr2031, USD (K-2031)
1.40%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
1.08%
USA, Notes 4.25% 28feb2031, USD (H-2031)
1.03%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.96%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
0.94%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.93%
US20775DL830
0.92%
US594654K382
0.88%
US93974FJX24
0.85%
US31350ADW53
0.82%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
0.81%
US67756AH960
0.81%
New York Transitional Finance Authority, FRN 1nov2042, USD (2014)
0.81%
Frequently asked questions about VSDM and MUNI
How have the VSDM and MUNI ETFs performed in 2026?
As of September 2, 2026, VSDM is up 1.21% year-to-date (YTD), while MUNI has lost -0.43%. That puts VSDM better performer ahead so far this year.
Which ETF is attracting more investor money: VSDM or MUNI?
Year-to-date, the VSDM ETF saw +$606M in flows, compared to +$672M for MUNI.
Which ETF is more volatile: VSDM or MUNI?
Over the past year, VSDM had a volatility of 1.16%, while MUNI experienced 2.14%.
Which ETF is bigger: VSDM or MUNI?
As of September 2, 2026, VSDM holds $945.61 M in assets under management (AUM), while MUNI manages $3.12 B.
What sectors do the VSDM and MUNI ETFs invest in?
VSDM leans toward sectors like Municipal. Meanwhile, MUNI focuses on Municipal and Sovereign.
What are the top holdings of the VSDM ETF and MUNI ETF?
VSDM top holdings include US84136HAH66, New Jersey Transportation Trust Fund Authority, 5% 15dec2034, USD and Florida Municipal Power Agency, 4% 1oct2030, USD (2018A). MUNI holds in its top three: USA, Notes 3.375% 29feb2028, USD (AY-2028), USA, Notes 3.5% 28feb2031, USD (V-2031) and USA, Notes 4.625% 30apr2031, USD (K-2031).
Which ETF is more diversified: VSDM or MUNI?
VSDM holds 2913 securities with 5.32% of its assets in the top 15. MUNI has 353 securities and a top 15 weight of 16.98%.
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