VTELvsSCMBETF Comparison
VS
Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEL is more expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.03% for SCMB. VTEL is down -2.99% year-to-date (YTD) with +$320M in YTD flows. SCMB performs better with -2.36% YTD performance, and +$1.12B in YTD flows. Run a side-by-side ETF comparison of VTEL and SCMB 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 SCMB 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 SCMB | -0.39%-0.19% | -4.81%-3.55% | -2.99%-2.36% | -2.48%-1.83% | n/a+9.65% | n/an/a |
| Flows | VTEL SCMB | +$84M+$110M | +$203M-$169M | +$320M+$1.12B | +$387M+$1.43B | -+$3.65B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEL SCMB | +6.79%+5.42% | +4.27%+3.39% | n/a+3.88% | n/an/a |
| Max drawdown | VTEL SCMB | -7.63%-6.09% | -8.55%-6.81% | n/a-6.81% | n/an/a |
| Max drawdown duration | VTEL SCMB | 92d92d | 102d103d | n/a103d | n/an/a |
Trading data
VTEL | SCMB | |
Last sale 10/16/2026 at 1:30 PM | $97.32 | $24.49 |
| Previous close 10/15/2026 | $97.49 | $24.46 |
| 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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VTEL | SCMB | |
|---|---|---|
| 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 | SCMB | |
|---|---|---|
| Last price | $97.32 | $24.49 |
| 1D performance | -0.17% | +0.12% |
| AuM | $477.65 M | $3.66 B |
| E/R | 0.09% | 0.03% |
Characteristics
VTEL | SCMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Schwab ETFs |
| Benchmark | S&P 10+ Year National AMT-Free Municipal Bond Index | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 2379 | 302 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2025 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
VTEL
USA
56.27%
Other
43.73%
SCMB
USA
58.8%
Other
41.2%
Sectors
VTEL
Municipal
56.27%
Other
43.73%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
VTEL
Total weight of top 15 holdings out of 15
1.79%
SCMB
Total weight of top 15 holdings out of 15
8.86%
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%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.11%
US59261A3T29
0.97%
University of California, 5% 15nov2041, USD (2026)
0.76%
Massachusetts, 5% 1nov2043, USD (2017)
0.70%
Pennsylvania, 4% 1mar2036, USD
0.56%
City of New York, FRN 1apr2042, USD
0.56%
University of California, 5% 15nov2035, USD (2026)
0.48%
US68607DXA89
0.47%
US544647HQ66
0.47%
US74265L3A45
0.47%
US592112XL58
0.47%
City of New York, 5% 1aug2032, USD (2022)
0.46%
City of New York, 5.4% 1aug2006, USD
0.46%
US709225GV28
0.46%
California, 5% 1sep2031, USD
0.46%
Frequently asked questions about VTEL and SCMB
How have the VTEL and SCMB ETFs performed in 2026?
As of October 16, 2026, VTEL is down -2.99% year-to-date (YTD), while SCMB has lost -2.36%. That puts SCMB better performer ahead so far this year.
Which ETF is attracting more investor money: VTEL or SCMB?
Year-to-date, the VTEL ETF saw +$320M in flows, compared to +$1.12B for SCMB.
Which ETF is more volatile: VTEL or SCMB?
Over the past year, VTEL had a volatility of 4.27%, while SCMB experienced 3.39%.
Which ETF is bigger: VTEL or SCMB?
As of October 16, 2026, VTEL holds $477.65 M in assets under management (AUM), while SCMB manages $3.66 B.
What sectors do the VTEL and SCMB ETFs invest in?
VTEL leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the VTEL ETF and SCMB ETF?
VTEL top holdings include US13063EVD56, US13063EUG96 and California, 5% 1aug2050, USD. SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), US59261A3T29 and University of California, 5% 15nov2041, USD (2026).
Which ETF is more diversified: VTEL or SCMB?
VTEL holds 4654 securities with 1.79% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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