VTECvsMUNYETF Comparison
VS
Vanguard California Tax-Exempt Bond ETF (VTEC) and Vanguard New York Tax-Exempt Bond ETF (MUNY) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEC is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.09% for MUNY. VTEC is down -1.7% year-to-date (YTD) with +$1.73B in YTD flows. MUNY performs better with -1.55% YTD performance, and +$322M in YTD flows. Run a side-by-side ETF comparison of VTEC and MUNY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
VTEC vs MUNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEC MUNY | -2.45%-2.52% | -2.89%-3.10% | -1.70%-1.55% | -0.19%-0.14% | n/an/a | n/an/a |
| Flows | VTEC MUNY | +$267M+$20M | +$770M+$87M | +$1.73B+$322M | +$2.16B+$415M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEC MUNY | +3.08%+3.23% | +2.44%+2.56% | n/an/a | n/an/a |
| Max drawdown | VTEC MUNY | -3.63%-3.89% | -3.70%-3.89% | n/an/a | n/an/a |
| Max drawdown duration | VTEC MUNY | 70d70d | 197d70d | n/an/a | n/an/a |
Trading data
VTEC | MUNY | |
Last sale 9/14/2026 at 1:30 PM | $96.39 | $99.36 |
| Previous close 09/14/2026 | $96.39 | $99.36 |
| Consolidated volume 09/14/2026 | ||
| 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
Create an account to view replication metrics
Join for free
VTEC | MUNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
VTEC | MUNY | |
|---|---|---|
| Last price | $96.39 | $99.36 |
| 1D performance | +0.00% | +0.00% |
| AuM | $3.37 B | $498.78 M |
| E/R | 0.06% | 0.09% |
Characteristics
VTEC | MUNY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Vanguard |
| Benchmark | S&P California AMT-Free Municipal Bond Index | S&P NewYork AMT-Free Municipal USD10 Million Par Bond Index |
| N° of holdings | 1775 | 1815 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 30, 2024 | May 20, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
VTEC
USA
64.08%
Other
35.92%
MUNY
USA
61.35%
Other
38.65%
Sectors
VTEC
Municipal
64.08%
Other
35.92%
MUNY
Municipal
61.35%
Other
38.65%
Advertisement
Diversification
VTEC
Total weight of top 15 holdings out of 15
3.64%
MUNY
Total weight of top 15 holdings out of 15
3.52%
Top 15 holdings
Data as of July 31, 2026
VTEC
University of California, 5% 15may2036, USD (2025)
0.48%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.34%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.25%
US544647HQ66
0.25%
US91412HWB58
0.24%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.24%
University of California, 5% 15may2032, USD (2022)
0.22%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.22%
Los Angeles Department of Water and Power, 5% 1jul2028, USD (2025)
0.22%
San Diego Community College District, 5% 1aug2031, USD
0.21%
US544647HM52
0.20%
Foothill/Eastern Transportation Corridor Agency, 4% 15jan2046, USD (2021A)
0.19%
California Educational Facilities Authority, 5% 1may2049, USD
0.19%
California, 5.25% 1aug2032, USD
0.19%
RIR Floater Trust, FRN 1aug2042, USD (2022-045)
0.19%
MUNY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.33%
City of New York, 4% 1aug2018, USD (2012)
0.29%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.28%
MTA Hudson Rail Yards Trust, 5% 15nov2056, USD (2016A)
0.26%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.24%
City of New York, FRN 1dec2047, USD
0.23%
Battery Park City Authority, 5.25% 1nov2055, USD (2025)
0.22%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.22%
US896032BB41
0.22%
New York Transitional Finance Authority, 5% 1nov2034, USD (2026)
0.22%
US896035CD29
0.22%
US89602HEY99
0.21%
New York Municipal Water Finance Authority, FRN 15jun2049, USD
0.20%
US64989KLR58
0.19%
New York Municipal Water Finance Authority, FRN 15jun2044, USD
0.19%
Frequently asked questions about VTEC and MUNY
How have the VTEC and MUNY ETFs performed in 2026?
As of September 14, 2026, VTEC is down -1.7% year-to-date (YTD), while MUNY has lost -1.55%. That puts MUNY better performer ahead so far this year.
Which ETF is attracting more investor money: VTEC or MUNY?
Year-to-date, the VTEC ETF saw +$1.73B in flows, compared to +$322M for MUNY.
Which ETF is more volatile: VTEC or MUNY?
Over the past year, VTEC had a volatility of 2.44%, while MUNY experienced 2.56%.
Which ETF is bigger: VTEC or MUNY?
As of September 14, 2026, VTEC holds $3.37 B in assets under management (AUM), while MUNY manages $498.78 M.
What sectors do the VTEC and MUNY ETFs invest in?
VTEC leans toward sectors like Municipal. Meanwhile, MUNY focuses on Municipal.
What are the top holdings of the VTEC ETF and MUNY ETF?
VTEC top holdings include University of California, 5% 15may2036, USD (2025), Bay Area Toll Authority, 5% 1apr2061, USD (2026) and Los Angeles Unified School District, 5% 1jul2034, USD (2024A). MUNY holds in its top three: New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), City of New York, 4% 1aug2018, USD (2012) and Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A).
Which ETF is more diversified: VTEC or MUNY?
VTEC holds 3925 securities with 3.64% of its assets in the top 15. MUNY has 3577 securities and a top 15 weight of 3.52%.
Advertisement
