VTECvsSCMBETF Comparison
VS
Vanguard California Tax-Exempt Bond ETF (VTEC) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEC is more expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.03% for SCMB. VTEC is down -1.02% year-to-date (YTD) with +$2.67B in YTD flows. SCMB performs better with -0.99% YTD performance, and +$1.46B in YTD flows. Run a side-by-side ETF comparison of VTEC and SCMB 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 SCMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEC SCMB | +3.67%+3.95% | -1.41%-1.47% | -1.02%-0.99% | -0.60%-0.70% | n/a+12.69% | n/an/a |
| Flows | VTEC SCMB | +$864M+$895M | +$1.33B+$222M | +$2.67B+$1.46B | +$3.01B+$1.74B | -+$3.97B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEC SCMB | +5.02%+5.48% | +3.24%+3.51% | n/a+3.88% | n/an/a |
| Max drawdown | VTEC SCMB | -5.64%-5.88% | -6.50%-6.81% | n/a-6.81% | n/an/a |
| Max drawdown duration | VTEC SCMB | 76d76d | 241d115d | n/a115d | n/an/a |
Trading data
VTEC | SCMB | |
Last sale 10/29/2026 at 1:38 PM | $96.90 | $24.76 |
| Previous close 10/28/2026 | $96.74 | $24.73 |
| Consolidated volume 10/28/2026 | ||
| 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 | SCMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:38 PM
Live
Closed
VTEC | SCMB | |
|---|---|---|
| Last price | $96.90 | $24.76 |
| 1D performance | +0.17% | +0.12% |
| AuM | $4.34 B | $4.06 B |
| E/R | 0.06% | 0.03% |
Characteristics
VTEC | SCMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Schwab ETFs |
| Benchmark | S&P California AMT-Free Municipal Bond Index | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 1739 | 302 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 30, 2024 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
VTEC
USA
60.82%
Other
39.18%
SCMB
USA
58.8%
Other
41.2%
Sectors
VTEC
Municipal
60.82%
Other
39.18%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
VTEC
Total weight of top 15 holdings out of 15
4.13%
SCMB
Total weight of top 15 holdings out of 15
8.86%
Top 15 holdings
Data as of August 31, 2026
VTEC
University of California, FRN 15may2048, USD (2013)
0.52%
University of California, 5% 15may2036, USD (2025)
0.44%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.33%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.31%
US072024YF30
0.29%
US91412HWB58
0.27%
US544647HQ66
0.23%
Foothill/Eastern Transportation Corridor Agency, 4% 15jan2046, USD (2021A)
0.23%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.23%
University of California, 5% 15may2032, USD (2022)
0.23%
US13063EUR51
0.22%
US13063EUX20
0.22%
Irvine Ranch Water District, FRN 1oct2041, USD (2009A)
0.21%
Los Angeles Department of Water and Power, 5% 1jul2028, USD (2025)
0.21%
California, 5.25% 1aug2032, USD
0.20%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.11%
US59261A3T29
0.97%
University of California, 5% 15nov2041, USD (2026)
0.76%
Massachusetts, 5% 1nov2043, USD (2017)
0.70%
Pennsylvania, 4% 1mar2036, USD
0.56%
City of New York, FRN 1apr2042, USD
0.56%
University of California, 5% 15nov2035, USD (2026)
0.48%
US68607DXA89
0.47%
US544647HQ66
0.47%
US74265L3A45
0.47%
US592112XL58
0.47%
City of New York, 5% 1aug2032, USD (2022)
0.46%
City of New York, 5.4% 1aug2006, USD
0.46%
US709225GV28
0.46%
California, 5% 1sep2031, USD
0.46%
Frequently asked questions about VTEC and SCMB
How have the VTEC and SCMB ETFs performed in 2026?
As of October 28, 2026, VTEC is down -1.02% year-to-date (YTD), while SCMB has lost -0.99%. That puts SCMB better performer ahead so far this year.
Which ETF is attracting more investor money: VTEC or SCMB?
Year-to-date, the VTEC ETF saw +$2.67B in flows, compared to +$1.46B for SCMB.
Which ETF is more volatile: VTEC or SCMB?
Over the past year, VTEC had a volatility of 3.24%, while SCMB experienced 3.51%.
Which ETF is bigger: VTEC or SCMB?
As of October 28, 2026, VTEC holds $4.34 B in assets under management (AUM), while SCMB manages $4.06 B.
What sectors do the VTEC and SCMB ETFs invest in?
VTEC leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the VTEC ETF and SCMB ETF?
VTEC top holdings include University of California, FRN 15may2048, USD (2013), University of California, 5% 15may2036, USD (2025) and Los Angeles Unified School District, 5% 1jul2034, USD (2024A). SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), US59261A3T29 and University of California, 5% 15nov2041, USD (2026).
Which ETF is more diversified: VTEC or SCMB?
VTEC holds 3916 securities with 4.13% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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