VTELvsSHYDETF Comparison
VS
Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) and VanEck Short High Yield Muni ETF (SHYD) 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 SHYD. VTEL is up 0.09% year-to-date (YTD) with +$191M in YTD flows. SHYD performs better with 1.3% YTD performance, and +$68M in YTD flows. Run a side-by-side ETF comparison of VTEL and SHYD 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 SHYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEL SHYD | -0.88%+0.24% | -1.32%+0.51% | +0.09%+1.30% | +5.79%+3.30% | n/a+13.00% | n/a+3.59% |
| Flows | VTEL SHYD | +$48M+$6M | +$87M+$34M | +$191M+$68M | +$294M+$114M | -+$67M | -+$94M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEL SHYD | +3.31%+1.43% | +3.26%+1.55% | n/a+2.27% | n/a+2.39% |
| Max drawdown | VTEL SHYD | -2.75%-0.98% | -3.08%-2.14% | n/a-2.95% | n/a-12.32% |
| Max drawdown duration | VTEL SHYD | 53d53d | 108d123d | n/a114d | n/a1437d |
Trading data
VTEL | SHYD | |
Last sale 8/31/2026 at 1:30 PM | $101.07 | $22.66 |
| Previous close 08/28/2026 | $101.26 | $22.68 |
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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VTEL | SHYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
VTEL | SHYD | |
|---|---|---|
| Last price | $101.07 | $22.66 |
| 1D performance | -0.19% | -0.11% |
| AuM | $361.90 M | $456.42 M |
| E/R | 0.09% | 0.32% |
Characteristics
VTEL | SHYD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | VanEck |
| Benchmark | S&P 10+ Year National AMT-Free Municipal Bond Index | ICE 1-12 Year Broad High Yield Crossover Municipal Index |
| N° of holdings | 2271 | 270 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2025 | January 13, 2014 |
| ESG | No | No |
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Exposure
Countries
VTEL
USA
58.08%
Other
41.92%
SHYD
USA
57.85%
Other
42.15%
Sectors
VTEL
Municipal
58.08%
Other
41.92%
SHYD
Municipal
57.85%
Other
42.15%
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Diversification
VTEL
Total weight of top 15 holdings out of 15
1.86%
SHYD
Total weight of top 15 holdings out of 15
13.22%
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%
SHYD
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
1.58%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
1.20%
Puerto Rico, 5.75% 1jul2031, USD
0.94%
Puerto Rico, 4% 1jul2033, USD
0.87%
Denver, 5% 1oct2032, USD (2017)
0.87%
US13034A7E44
0.84%
Greater Orlando Aviation Authority, 5.5% 1nov2037, USD (2025)
0.84%
US09182TGC53
0.81%
US05786PAA12
0.81%
Mission Economic Development Corp., 4.625% 1oct2031, USD (2018)
0.79%
New York Transportation Development Corp., 4% 1jul2035, USD (2016A)
0.77%
Puerto Rico, 5.625% 1jul2029, USD
0.74%
US74440DFN93
0.73%
US650116FD37
0.73%
Baldwin Industrial Development Authority, 4.3% 1mar2056, USD (2026A)
0.69%
Frequently asked questions about VTEL and SHYD
How have the VTEL and SHYD ETFs performed in 2026?
As of August 28, 2026, VTEL is up 0.09% year-to-date (YTD), while SHYD has returned 1.3%. That puts SHYD better performer ahead so far this year.
Which ETF is attracting more investor money: VTEL or SHYD?
Year-to-date, the VTEL ETF saw +$191M in flows, compared to +$68M for SHYD.
Which ETF is more volatile: VTEL or SHYD?
Over the past year, VTEL had a volatility of 3.26%, while SHYD experienced 1.55%.
Which ETF is bigger: VTEL or SHYD?
As of August 28, 2026, VTEL holds $361.90 M in assets under management (AUM), while SHYD manages $456.42 M.
What sectors do the VTEL and SHYD ETFs invest in?
VTEL leans toward sectors like Municipal. Meanwhile, SHYD focuses on Municipal.
What are the top holdings of the VTEL ETF and SHYD ETF?
VTEL top holdings include California, 5% 1aug2050, USD, Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A) and US64972JN619. SHYD holds in its top three: California Municipal Finance Authority, 4% 15jul2029, USD (2019), Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1) and Puerto Rico, 5.75% 1jul2031, USD.
Which ETF is more diversified: VTEL or SHYD?
VTEL holds 4397 securities with 1.86% of its assets in the top 15. SHYD has 514 securities and a top 15 weight of 13.22%.
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