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 -0.96% year-to-date (YTD) with +$2.67B in YTD flows. MUNY performs better with -0.51% YTD performance, and +$561M 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.
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VTEC vs MUNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEC MUNY | +3.94%+4.16% | -1.30%-1.14% | -0.96%-0.51% | -0.56%-0.25% | n/an/a | n/an/a |
| Flows | VTEC MUNY | +$801M+$214M | +$1.30B+$280M | +$2.67B+$561M | +$3.00B+$626M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEC MUNY | +5.02%+5.34% | +3.24%+3.44% | n/an/a | n/an/a |
| Max drawdown | VTEC MUNY | -5.64%-5.65% | -6.50%-6.60% | n/an/a | n/an/a |
| Max drawdown duration | VTEC MUNY | 77d77d | 242d115d | n/an/a | n/an/a |
Trading data
VTEC | MUNY | |
Last sale 10/30/2026 at 5:56 PM | $97.07 | $100.27 |
| Previous close 10/29/2026 | $96.82 | $100.11 |
| Consolidated volume 10/29/2026 | ||
| 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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VTEC | MUNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 5:56 PM
Live
Closed
VTEC | MUNY | |
|---|---|---|
| Last price | $97.07 | $100.27 |
| 1D performance | +0.26% | +0.16% |
| AuM | $4.34 B | $747.72 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 | 1732 | 1832 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 30, 2024 | May 20, 2025 |
| ESG | No | No |
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Exposure
Countries
VTEC
USA
60.19%
Other
39.81%
MUNY
USA
57.46%
Other
42.54%
Sectors
VTEC
Municipal
60.19%
Other
39.81%
MUNY
Municipal
57.46%
Other
42.54%
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Diversification
VTEC
Total weight of top 15 holdings out of 15
3.77%
MUNY
Total weight of top 15 holdings out of 15
4.08%
Top 15 holdings
Data as of September 30, 2026
VTEC
University of California, 5% 15may2036, USD (2025)
0.50%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.37%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.28%
US91412HWB58
0.25%
San Diego Public Facilities Financing Authority, 5.25% 15oct2055, USD (2025A)
0.24%
US544525Y931
0.23%
California, 5.25% 1oct2051, USD
0.23%
US88035JSP83
0.23%
US13048TGT43
0.22%
University of California, 5% 15may2032, USD (2022)
0.22%
US672325R587
0.21%
US544647HQ66
0.21%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.20%
Foothill/Eastern Transportation Corridor Agency, 4% 15jan2046, USD (2021A)
0.20%
US13063EUR51
0.20%
MUNY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.50%
City of New York, FRN 1mar2040, USD (2014)
0.36%
Nassau Industrial Development Agency, FRN 1jan2034, USD (1999)
0.33%
City of New York, 7% 1aug2001, USD
0.32%
US64972GYZ17
0.30%
New York Transitional Finance Authority, FRN 1feb2056, USD (2026)
0.29%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.26%
New York Transitional Finance Authority, 5.5% 1feb2050, USD (2026)
0.24%
US896032CK31
0.24%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.23%
MTA Hudson Rail Yards Trust, 5% 15nov2056, USD (2016A)
0.21%
City of New York, 5.25% 15jun2054, USD (2024)
0.21%
Long Island Power Authority, 5% 1sep2047, USD (2017)
0.20%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.20%
MTA Hudson Rail Yards Trust, 5% 15nov2051, USD (2016A)
0.19%
Frequently asked questions about VTEC and MUNY
How have the VTEC and MUNY ETFs performed in 2026?
As of October 29, 2026, VTEC is down -0.96% year-to-date (YTD), while MUNY has lost -0.51%. 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 +$2.67B in flows, compared to +$561M for MUNY.
Which ETF is more volatile: VTEC or MUNY?
Over the past year, VTEC had a volatility of 3.24%, while MUNY experienced 3.44%.
Which ETF is bigger: VTEC or MUNY?
As of October 29, 2026, VTEC holds $4.34 B in assets under management (AUM), while MUNY manages $747.72 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), Los Angeles Unified School District, 5% 1jul2034, USD (2024A) and Bay Area Toll Authority, 5% 1apr2061, USD (2026). MUNY holds in its top three: New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), City of New York, FRN 1mar2040, USD (2014) and Nassau Industrial Development Agency, FRN 1jan2034, USD (1999).
Which ETF is more diversified: VTEC or MUNY?
VTEC holds 3944 securities with 3.77% of its assets in the top 15. MUNY has 3735 securities and a top 15 weight of 4.08%.
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