VTELvsHYDETF Comparison
VS
Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEL is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.32% for HYD. VTEL is down -0.8% year-to-date (YTD) with +$196M in YTD flows. HYD performs better with 0.84% YTD performance, and +$367M in YTD flows. Run a side-by-side ETF comparison of VTEL and HYD 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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VTEL vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEL HYD | -1.30%-0.68% | -2.49%-1.11% | -0.80%+0.84% | +4.97%+5.43% | n/a+11.86% | n/a-3.26% |
| Flows | VTEL HYD | +$43M-$83M | +$92M+$109M | +$196M+$367M | +$296M+$1.00B | -+$1.62B | -+$1.12B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEL HYD | +3.52%+2.85% | +3.34%+2.78% | n/a+4.39% | n/a+4.51% |
| Max drawdown | VTEL HYD | -3.62%-2.22% | -3.62%-2.84% | n/a-6.23% | n/a-19.67% |
| Max drawdown duration | VTEL HYD | 57d57d | 57d106d | n/a225d | n/a1825d |
Trading data
VTEL | HYD | |
Last sale 9/2/2026 at 1:30 PM | $100.02 | $49.55 |
| Previous close 09/01/2026 | $100.08 | $49.56 |
| 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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VTEL | HYD | |
|---|---|---|
| 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
VTEL | HYD | |
|---|---|---|
| Last price | $100.02 | $49.55 |
| 1D performance | -0.06% | -0.02% |
| AuM | $362.54 M | $4.29 B |
| E/R | 0.09% | 0.32% |
Characteristics
VTEL | HYD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | VanEck |
| Benchmark | S&P 10+ Year National AMT-Free Municipal Bond Index | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 2271 | 716 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2025 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
VTEL
USA
58.08%
Other
41.92%
HYD
USA
60.29%
Other
39.71%
Sectors
VTEL
Municipal
58.08%
Other
41.92%
HYD
Municipal
60.29%
Other
39.71%
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Diversification
VTEL
Total weight of top 15 holdings out of 15
1.86%
HYD
Total weight of top 15 holdings out of 15
8.67%
Top 15 holdings
Data as of July 31, 2026
VTEL
California, 5% 1aug2050, USD
0.16%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.15%
US64972JN619
0.15%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
0.13%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.13%
US64972JDG04
0.13%
California, 5% 1aug2042, USD
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
New Jersey Turnpike Authority, 5% 1jan2052, USD (2026)
0.12%
New York Urban Development Corp., 5% 15mar2043, USD (2020C)
0.11%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.11%
New York Metropolitan Transportation Authority, 4% 15nov2036, USD (2016B)
0.11%
Tampa-Hillsborough Expressway Authority, 5% 1jul2047, USD (2017)
0.11%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.10%
Los Angeles Department of Water and Power, 5% 1jul2042, USD
0.10%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.00%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.81%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.70%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.57%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.50%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
US442349GA89
0.44%
Frequently asked questions about VTEL and HYD
How have the VTEL and HYD ETFs performed in 2026?
As of September 1, 2026, VTEL is down -0.8% year-to-date (YTD), while HYD has returned 0.84%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: VTEL or HYD?
Year-to-date, the VTEL ETF saw +$196M in flows, compared to +$367M for HYD.
Which ETF is more volatile: VTEL or HYD?
Over the past year, VTEL had a volatility of 3.34%, while HYD experienced 2.78%.
Which ETF is bigger: VTEL or HYD?
As of September 1, 2026, VTEL holds $362.54 M in assets under management (AUM), while HYD manages $4.29 B.
What sectors do the VTEL and HYD ETFs invest in?
VTEL leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the VTEL ETF and HYD ETF?
VTEL top holdings include California, 5% 1aug2050, USD, Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A) and US64972JN619. HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: VTEL or HYD?
VTEL holds 4397 securities with 1.86% of its assets in the top 15. HYD has 1439 securities and a top 15 weight of 8.67%.
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Latest news about VTEL & HYD
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