VTEIvsBSMQETF Comparison
VS
Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) 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 0.18% for BSMQ. VTEI is down -0.54% year-to-date (YTD) with +$481M in YTD flows. BSMQ performs better with 1.38% YTD performance, and -$33M in YTD flows. Run a side-by-side ETF comparison of VTEI and BSMQ 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 BSMQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEI BSMQ | -0.56%+0.16% | -1.53%+0.51% | -0.54%+1.38% | +2.75%+2.38% | n/a+9.45% | n/a+1.76% |
| Flows | VTEI BSMQ | +$62M-$2M | +$162M-$26M | +$481M-$33M | +$735M-$21M | -+$153M | -+$247M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEI BSMQ | +2.29%+0.29% | +2.13%+0.38% | n/a+1.29% | n/a+2.02% |
| Max drawdown | VTEI BSMQ | -2.11%-0.09% | -2.55%-0.27% | n/a-1.80% | n/a-11.44% |
| Max drawdown duration | VTEI BSMQ | 57d7d | 184d25d | n/a70d | n/a1538d |
Trading data
VTEI | BSMQ | |
Last sale 9/2/2026 at 1:30 PM | $98.09 | $23.49 |
| Previous close 09/01/2026 | $98.19 | $23.50 |
| Consolidated volume 09/01/2026 | ||
| 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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VTEI | BSMQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
VTEI | BSMQ | |
|---|---|---|
| Last price | $98.09 | $23.49 |
| 1D performance | -0.10% | -0.04% |
| AuM | $1.58 B | $268.36 M |
| E/R | 0.08% | 0.18% |
Characteristics
VTEI | BSMQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Invesco |
| Benchmark | S&P Intermediate Term National AMT-Free Municipal Bond Index | Invesco BulletShares USD Municipal Bond 2026 Index |
| N° of holdings | 2991 | 799 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 30, 2024 | September 13, 2019 |
| ESG | No | No |
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Exposure
Countries
VTEI
USA
56.56%
Other
43.44%
BSMQ
USA
55.76%
Other
44.24%
Sectors
VTEI
Municipal
56.56%
Other
43.44%
BSMQ
Municipal
55.76%
Other
44.24%
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Diversification
VTEI
Total weight of top 15 holdings out of 15
1.97%
BSMQ
Total weight of top 15 holdings out of 15
8.97%
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%
BSMQ
US451295ZZ58
1.34%
US64972GDC50
0.99%
City of New York, 5% 1aug2026, USD (2017)
0.79%
US160853UL92
0.72%
Maryland Department of Transportation, 5% 1oct2026, USD (2019)
0.59%
Charlotte-Mecklenburg Hospital Authority, FRN 15jan2048, USD (2018H)
0.50%
US13068XAE94
0.50%
US604115CT06
0.49%
US64971WR854
0.48%
US095175VQ53
0.47%
Illinois Toll Highway Authority, 5% 1jan2040, USD
0.44%
US167560SV44
0.43%
US59261AX695
0.43%
US917393CY40
0.41%
US160853MR54
0.41%
Frequently asked questions about VTEI and BSMQ
How have the VTEI and BSMQ ETFs performed in 2026?
As of September 1, 2026, VTEI is down -0.54% year-to-date (YTD), while BSMQ has returned 1.38%. That puts BSMQ better performer ahead so far this year.
Which ETF is attracting more investor money: VTEI or BSMQ?
Year-to-date, the VTEI ETF saw +$481M in flows, compared to -$33M for BSMQ.
Which ETF is more volatile: VTEI or BSMQ?
Over the past year, VTEI had a volatility of 2.13%, while BSMQ experienced 0.38%.
Which ETF is bigger: VTEI or BSMQ?
As of September 1, 2026, VTEI holds $1.58 B in assets under management (AUM), while BSMQ manages $268.36 M.
What sectors do the VTEI and BSMQ ETFs invest in?
VTEI leans toward sectors like Municipal. Meanwhile, BSMQ focuses on Municipal.
What are the top holdings of the VTEI ETF and BSMQ 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. BSMQ holds in its top three: US451295ZZ58, US64972GDC50 and City of New York, 5% 1aug2026, USD (2017).
Which ETF is more diversified: VTEI or BSMQ?
VTEI holds 6057 securities with 1.97% of its assets in the top 15. BSMQ has 1576 securities and a top 15 weight of 8.97%.
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