VTELvsJMHIETF Comparison
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Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and JPMorgan High Yield Municipal ETF (JMHI) belong to the same industry segment: Municipal Bonds. VTEL's top 1 sector exposures are Municipal. In contrast, JMHI's top sector exposures are Municipal and Sovereign. VTEL is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.58% for JMHI. VTEL is down -2.99% year-to-date (YTD) with +$320M in YTD flows. JMHI performs better with -2.03% YTD performance, and +$76M in YTD flows. Run a side-by-side ETF comparison of VTEL 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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VTEL vs JMHI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEL JMHI | -0.39%-0.73% | -4.81%-3.95% | -2.99%-2.03% | -2.48%-1.62% | n/a+15.78% | n/an/a |
| Flows | VTEL JMHI | +$84M+$14M | +$203M+$36M | +$320M+$76M | +$387M+$91M | -+$122M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEL JMHI | +6.79%+6.18% | +4.27%+3.80% | n/a+4.43% | n/an/a |
| Max drawdown | VTEL JMHI | -7.63%-6.35% | -8.55%-7.06% | n/a-7.06% | n/an/a |
| Max drawdown duration | VTEL JMHI | 92d92d | 102d108d | n/a108d | n/an/a |
Trading data
VTEL | JMHI | |
Last sale 10/16/2026 at 1:30 PM | $97.32 | $47.65 |
| Previous close 10/15/2026 | $97.49 | $47.57 |
| Consolidated volume 10/15/2026 | ||
| 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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JMHI
is actively managed and doesn’t replicate an indexVTEL | 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 10/16/2026 at 1:30 PM
Live
Closed
VTEL | JMHI | |
|---|---|---|
| Last price | $97.32 | $47.65 |
| 1D performance | -0.17% | +0.17% |
| AuM | $477.65 M | $301.70 M |
| E/R | 0.09% | 0.58% |
Characteristics
VTEL | JMHI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | J.P. Morgan Asset Management |
| Benchmark | S&P 10+ Year National AMT-Free Municipal Bond Index | - |
| N° of holdings | 2379 | 117 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2025 | July 14, 2023 |
| ESG | No | No |
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Exposure
Countries
VTEL
USA
56.27%
Other
43.73%
JMHI
USA
56.21%
Other
43.79%
Sectors
VTEL
Municipal
56.27%
Other
43.73%
JMHI
Municipal
55.14%
Other
44.86%
Diversification
VTEL
Total weight of top 15 holdings out of 15
1.79%
JMHI
Total weight of top 15 holdings out of 15
15.94%
Top 15 holdings
Data as of August 31, 2026
VTEL
US13063EVD56
0.17%
US13063EUG96
0.16%
California, 5% 1aug2050, USD
0.14%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.13%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
0.13%
US64972JN619
0.13%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
0.12%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.11%
US64972JDG04
0.11%
California, 5% 1aug2042, USD
0.11%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.10%
New Jersey Turnpike Authority, 5% 1jan2052, USD (2026)
0.10%
New York Urban Development Corp., 5% 15mar2043, USD (2020C)
0.10%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.10%
New York Metropolitan Transportation Authority, 4% 15nov2036, USD (2016B)
0.10%
JMHI
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.42%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.41%
Louisiana Public Facilities Authority, 5.75% 1sep2064, USD (2024)
1.18%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
1.14%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
1.13%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.12%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
1.09%
US74442PQH19
1.08%
USA, Bills 0% 10sep2026, USD (182D)
1.08%
Golden State Tobacco Securitization Corp., 0% 1jun2066, USD (2021B-2)
0.95%
US2510934Q05
0.93%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.88%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.87%
US452153PJ26
0.85%
US64577XBH89
0.82%
Frequently asked questions about VTEL and JMHI
How have the VTEL and JMHI ETFs performed in 2026?
As of October 16, 2026, VTEL is down -2.99% year-to-date (YTD), while JMHI has lost -2.03%. That puts JMHI better performer ahead so far this year.
Which ETF is attracting more investor money: VTEL or JMHI?
Year-to-date, the VTEL ETF saw +$320M in flows, compared to +$76M for JMHI.
Which ETF is more volatile: VTEL or JMHI?
Over the past year, VTEL had a volatility of 4.27%, while JMHI experienced 3.8%.
Which ETF is bigger: VTEL or JMHI?
As of October 16, 2026, VTEL holds $477.65 M in assets under management (AUM), while JMHI manages $301.70 M.
What sectors do the VTEL and JMHI ETFs invest in?
VTEL leans toward sectors like Municipal. Meanwhile, JMHI focuses on Municipal.
What are the top holdings of the VTEL ETF and JMHI ETF?
VTEL top holdings include US13063EVD56, US13063EUG96 and California, 5% 1aug2050, USD. JMHI holds in its top three: Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2), City of New York, 0% 15sep2006, USD (2029-SER, 2738D) and Louisiana Public Facilities Authority, 5.75% 1sep2064, USD (2024).
Which ETF is more diversified: VTEL or JMHI?
VTEL holds 4654 securities with 1.79% of its assets in the top 15. JMHI has 232 securities and a top 15 weight of 15.94%.
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