VTEIvsJMHIETF Comparison
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Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and JPMorgan High Yield Municipal ETF (JMHI) belong to the same industry segment: Municipal Bonds. VTEI's top 1 sector exposures are Municipal. In contrast, JMHI's top sector exposures are Municipal and Sovereign. VTEI is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.58% for JMHI. VTEI is down -0.54% year-to-date (YTD) with +$481M in YTD flows. JMHI performs better with 0.28% YTD performance, and +$57M in YTD flows. Run a side-by-side ETF comparison of VTEI and JMHI 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 JMHI 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 JMHI | -0.56%-0.67% | -1.53%-1.28% | -0.54%+0.28% | +2.75%+4.17% | n/a+14.69% | n/an/a |
| Flows | VTEI JMHI | +$62M+$2M | +$162M+$20M | +$481M+$57M | +$735M+$77M | -+$74M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEI JMHI | +2.29%+3.05% | +2.13%+2.81% | n/a+4.25% | n/an/a |
| Max drawdown | VTEI JMHI | -2.11%-2.43% | -2.55%-2.62% | n/a-5.46% | n/an/a |
| Max drawdown duration | VTEI JMHI | 57d63d | 184d106d | n/a189d | n/an/a |
Trading data
VTEI | JMHI | |
Last sale 9/2/2026 at 3:51 PM | $98.10 | $48.99 |
| Previous close 09/01/2026 | $98.19 | $49.37 |
| 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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JMHI
is actively managed and doesn’t replicate an indexVTEI | JMHI | |
|---|---|---|
| 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 3:51 PM
Live
Closed
VTEI | JMHI | |
|---|---|---|
| Last price | $98.10 | $48.99 |
| 1D performance | -0.09% | -0.76% |
| AuM | $1.58 B | $290.49 M |
| E/R | 0.08% | 0.58% |
Characteristics
VTEI | JMHI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | J.P. Morgan Asset Management |
| Benchmark | S&P Intermediate Term National AMT-Free Municipal Bond Index | - |
| N° of holdings | 2991 | 125 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 30, 2024 | July 14, 2023 |
| ESG | No | No |
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Exposure
Countries
VTEI
USA
56.56%
Other
43.44%
JMHI
USA
58.76%
Other
41.24%
Sectors
VTEI
Municipal
56.56%
Other
43.44%
JMHI
Municipal
56.4%
Other
43.6%
Diversification
VTEI
Total weight of top 15 holdings out of 15
1.97%
JMHI
Total weight of top 15 holdings out of 15
17.15%
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%
JMHI
USA, Bills 0% 11aug2026, USD (119D)
2.37%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.35%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.34%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
1.18%
Louisiana Public Facilities Authority, 5.75% 1sep2064, USD (2024)
1.12%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
1.11%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
1.07%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.06%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
1.04%
US74442PQH19
1.04%
Golden State Tobacco Securitization Corp., 5% 1jun2051, USD (2022A-1)
1.03%
Golden State Tobacco Securitization Corp., 0% 1jun2066, USD (2021B-2)
0.91%
US2510934Q05
0.89%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.82%
US452153PJ26
0.81%
Frequently asked questions about VTEI and JMHI
How have the VTEI and JMHI ETFs performed in 2026?
As of September 1, 2026, VTEI is down -0.54% year-to-date (YTD), while JMHI has returned 0.28%. That puts JMHI better performer ahead so far this year.
Which ETF is attracting more investor money: VTEI or JMHI?
Year-to-date, the VTEI ETF saw +$481M in flows, compared to +$57M for JMHI.
Which ETF is more volatile: VTEI or JMHI?
Over the past year, VTEI had a volatility of 2.13%, while JMHI experienced 2.81%.
Which ETF is bigger: VTEI or JMHI?
As of September 1, 2026, VTEI holds $1.58 B in assets under management (AUM), while JMHI manages $290.49 M.
What sectors do the VTEI and JMHI ETFs invest in?
VTEI leans toward sectors like Municipal. Meanwhile, JMHI focuses on Municipal.
What are the top holdings of the VTEI ETF and JMHI 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. JMHI holds in its top three: USA, Bills 0% 11aug2026, USD (119D), Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2) and City of New York, 0% 15sep2006, USD (2029-SER, 2738D).
Which ETF is more diversified: VTEI or JMHI?
VTEI holds 6057 securities with 1.97% of its assets in the top 15. JMHI has 237 securities and a top 15 weight of 17.15%.
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