VTEIvsAVMUETF Comparison
VS
Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Avantis Core Municipal Fixed Income ETF (AVMU) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEI is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.15% for AVMU. VTEI is down -0.6% year-to-date (YTD) with +$481M in YTD flows. AVMU performs worse with -1.21% YTD performance, and +$25M in YTD flows. Run a side-by-side ETF comparison of VTEI and AVMU 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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VTEI vs AVMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEI AVMU | -0.63%-0.98% | -1.73%-2.54% | -0.60%-1.21% | +2.69%+3.88% | n/a+8.27% | n/a+1.46% |
| Flows | VTEI AVMU | +$62M+$2M | +$160M+$14M | +$481M+$25M | +$735M+$23M | -+$87M | -+$149M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEI AVMU | +2.26%+3.38% | +2.13%+2.87% | n/a+4.11% | n/a+3.85% |
| Max drawdown | VTEI AVMU | -2.17%-3.11% | -2.56%-3.23% | n/a-6.27% | n/a-12.02% |
| Max drawdown duration | VTEI AVMU | 58d58d | 185d184d | n/a276d | n/a1168d |
Trading data
VTEI | AVMU | |
Last sale 9/3/2026 at 1:30 PM | $98.07 | $44.38 |
| Previous close 09/02/2026 | $98.10 | $44.46 |
| Consolidated volume 09/02/2026 | ||
| 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
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AVMU
is actively managed and doesn’t replicate an indexVTEI | AVMU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
VTEI | AVMU | |
|---|---|---|
| Last price | $98.07 | $44.38 |
| 1D performance | -0.03% | -0.17% |
| AuM | $1.58 B | $169.92 M |
| E/R | 0.08% | 0.15% |
Characteristics
VTEI | AVMU | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | American Century Investments |
| Benchmark | S&P Intermediate Term National AMT-Free Municipal Bond Index | - |
| N° of holdings | 2991 | 314 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 30, 2024 | October 12, 2020 |
| ESG | No | No |
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Exposure
Countries
VTEI
USA
56.56%
Other
43.44%
AVMU
USA
55.91%
Other
44.09%
Sectors
VTEI
Municipal
56.56%
Other
43.44%
AVMU
Municipal
55.91%
Other
44.09%
Diversification
VTEI
Total weight of top 15 holdings out of 15
1.97%
AVMU
Total weight of top 15 holdings out of 15
15.84%
Top 15 holdings
Data as of July 31, 2026
VTEI
California, 5% 1oct2035, USD
0.16%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.16%
California Public Works Board, 5% 1apr2035, USD
0.14%
University of California, 5% 15may2036, USD (2025)
0.14%
US697379YS89
0.14%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.13%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.13%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.13%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.13%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.13%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
US67766WV741
0.12%
US677523LK63
0.11%
US419792MM53
0.11%
AVMU
San Antonio, 4% 15sep2042, USD
2.16%
US47770VCC28
1.68%
US798025ML35
1.63%
Miami Beach, 5% 1sep2040, USD (2015)
1.50%
City of New York, 5% 1aug2032, USD (2025)
1.06%
Grand Parkway Transportation Corp., 4% 1oct2045, USD (2020C)
0.94%
Colorado, 4% 15dec2040, USD (2021A)
0.87%
State of Washington, 5% 1feb2045, USD (2026C)
0.82%
US64985TCL35
0.81%
District of Columbia, 4% 1mar2040, USD (2019A)
0.76%
New York Dormitory Authority, 5% 1jul2041, USD (2016A)
0.76%
US544532GP33
0.73%
University of Michigan, 4% 15feb2044, USD (2019C)
0.72%
Mississippi, 5% 1oct2029, USD (2017A)
0.72%
Delaware Valley Regional Finance Authority, 5.75% 1jul2032, USD
0.69%
Frequently asked questions about VTEI and AVMU
How have the VTEI and AVMU ETFs performed in 2026?
As of September 2, 2026, VTEI is down -0.6% year-to-date (YTD), while AVMU has lost -1.21%. That puts VTEI better performer ahead so far this year.
Which ETF is attracting more investor money: VTEI or AVMU?
Year-to-date, the VTEI ETF saw +$481M in flows, compared to +$25M for AVMU.
Which ETF is more volatile: VTEI or AVMU?
Over the past year, VTEI had a volatility of 2.13%, while AVMU experienced 2.87%.
Which ETF is bigger: VTEI or AVMU?
As of September 2, 2026, VTEI holds $1.58 B in assets under management (AUM), while AVMU manages $169.92 M.
What sectors do the VTEI and AVMU ETFs invest in?
VTEI leans toward sectors like Municipal. Meanwhile, AVMU focuses on Municipal.
What are the top holdings of the VTEI ETF and AVMU ETF?
VTEI top holdings include California, 5% 1oct2035, USD, Bay Area Toll Authority, 5% 1apr2061, USD (2026) and California Public Works Board, 5% 1apr2035, USD. AVMU holds in its top three: San Antonio, 4% 15sep2042, USD, US47770VCC28 and US798025ML35.
Which ETF is more diversified: VTEI or AVMU?
VTEI holds 6057 securities with 1.97% of its assets in the top 15. AVMU has 540 securities and a top 15 weight of 15.84%.
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