VSDMvsMUSTETF Comparison
VS
Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) and Columbia Multi-Sector Municipal Income ETF (MUST) belong to the same industry segment: Municipal Bonds. VSDM's top 1 sector exposures are Municipal. In contrast, MUST's top sector exposures are Municipal and Non-Corporate. VSDM is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.23% for MUST. VSDM is up 0.45% year-to-date (YTD) with +$1.01B in YTD flows. MUST performs worse with -2.99% YTD performance, and +$22M in YTD flows. Run a side-by-side ETF comparison of VSDM and MUST 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 MUST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VSDM MUST | -0.08%-0.38% | -0.90%-4.08% | +0.45%-2.99% | +0.97%-2.22% | n/a+10.07% | n/a-0.37% |
| Flows | VSDM MUST | +$326M-$50M | +$563M-$48M | +$1.01B+$22M | +$1.11B+$60M | -+$183M | -+$424M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VSDM MUST | +2.68%+5.76% | +1.65%+3.52% | n/a+4.31% | n/a+4.03% |
| Max drawdown | VSDM MUST | -2.74%-6.99% | -2.75%-8.13% | n/a-8.13% | n/a-13.14% |
| Max drawdown duration | VSDM MUST | 64d92d | 102d229d | n/a229d | n/a1351d |
Trading data
VSDM | MUST | |
Last sale 10/19/2026 at 2:00 PM | $75.08 | $19.49 |
| Previous close 10/16/2026 | $75.07 | $19.55 |
| Consolidated volume 10/16/2026 | ||
| 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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VSDM
is actively managed and doesn’t replicate an indexVSDM | MUST | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 2:00 PM
Live
Closed
VSDM | MUST | |
|---|---|---|
| Last price | $75.08 | $19.49 |
| 1D performance | +0.02% | -0.31% |
| AuM | $1.34 B | $519.09 M |
| E/R | 0.12% | 0.23% |
Characteristics
VSDM | MUST | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Vanguard | Columbia Threadneedle Investments |
| Benchmark | - | Beta Advantage Multi-Sector Municipal Bond Index |
| N° of holdings | 965 | 293 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2024 | October 10, 2018 |
| ESG | No | No |
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Exposure
Countries
VSDM
USA
42.8%
Other
57.2%
MUST
USA
43.37%
Other
56.63%
Sectors
VSDM
Municipal
42.8%
Other
57.2%
MUST
Municipal
43.03%
Other
56.97%
Diversification
VSDM
Total weight of top 15 holdings out of 15
5.2%
MUST
Total weight of top 15 holdings out of 15
6.31%
Top 15 holdings
Data as of August 31, 2026
VSDM
US13013JCS33
0.49%
California Community Choice Financing Authority, 5% 1jul2053, USD (2023B)
0.44%
US84136HAH66
0.44%
New Jersey Transportation Trust Fund Authority, 5% 15dec2034, USD
0.36%
Rutherford Health and Educational Facilities Board, 5% 15nov2048, USD (2025B-1)
0.33%
Florida Municipal Power Agency, 4% 1oct2030, USD (2018A)
0.33%
US13013JAP12
0.33%
US09182TEC71
0.33%
US54811GS350
0.33%
Energy Southeast, 5% 1nov2033, USD (2026)
0.31%
US09182TLC98
0.31%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
0.31%
US842469DL92
0.30%
US56035DEN84
0.30%
Southern California Public Power Authority, 5% 1nov2033, USD (2026A)
0.29%
MUST
Miami-Dade, 5% 1oct2036, USD (2024A)
0.54%
US249182QF65
0.53%
New Jersey Turnpike Authority, 5% 1jan2034, USD (2025)
0.48%
US64985SDE00
0.46%
New York Metropolitan Transportation Authority, 4% 15nov2035, USD (2017C-1)
0.43%
New York Transportation Development Corp., 4.375% 1oct2045, USD (2020)
0.43%
US67766WM740
0.42%
US64972GJ217
0.38%
US48504NCC11
0.38%
New Jersey Turnpike Authority, 5% 1jan2036, USD
0.38%
US46247SFR04
0.38%
Chicago O'Hare International Airport, 5% 1jan2048, USD
0.38%
Illinois Toll Highway Authority, 5% 1jan2038, USD (2024)
0.38%
US73358XHU90
0.37%
US88285AJH23
0.37%
Frequently asked questions about VSDM and MUST
How have the VSDM and MUST ETFs performed in 2026?
As of October 16, 2026, VSDM is up 0.45% year-to-date (YTD), while MUST has lost -2.99%. That puts VSDM better performer ahead so far this year.
Which ETF is attracting more investor money: VSDM or MUST?
Year-to-date, the VSDM ETF saw +$1.01B in flows, compared to +$22M for MUST.
Which ETF is more volatile: VSDM or MUST?
Over the past year, VSDM had a volatility of 1.65%, while MUST experienced 3.52%.
Which ETF is bigger: VSDM or MUST?
As of October 16, 2026, VSDM holds $1.34 B in assets under management (AUM), while MUST manages $519.09 M.
What sectors do the VSDM and MUST ETFs invest in?
VSDM leans toward sectors like Municipal. Meanwhile, MUST focuses on Municipal.
What are the top holdings of the VSDM ETF and MUST ETF?
VSDM top holdings include US13013JCS33, California Community Choice Financing Authority, 5% 1jul2053, USD (2023B) and US84136HAH66. MUST holds in its top three: Miami-Dade, 5% 1oct2036, USD (2024A), US249182QF65 and New Jersey Turnpike Authority, 5% 1jan2034, USD (2025).
Which ETF is more diversified: VSDM or MUST?
VSDM holds 3102 securities with 5.2% of its assets in the top 15. MUST has 647 securities and a top 15 weight of 6.31%.
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