VTESvsBSMVETF Comparison
VS
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) and Invesco BulletShares 2031 Municipal Bond ETF (BSMV) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTES is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.18% for BSMV. VTES is up 0.05% year-to-date (YTD) with +$2.52B in YTD flows. BSMV performs worse with -2.01% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of VTES and BSMV 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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VTES vs BSMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTES BSMV | +0.15%-0.04% | -0.72%-2.42% | +0.05%-2.01% | +0.53%-1.47% | +9.70%+10.53% | n/a-5.74% |
| Flows | VTES BSMV | +$1.06B+$12M | +$1.95B+$22M | +$2.52B+$52M | +$2.69B+$81M | +$3.87B+$179M | -+$207M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTES BSMV | +2.60%+4.61% | +1.59%+2.82% | +1.59%+3.76% | n/a+4.61% |
| Max drawdown | VTES BSMV | -2.66%-5.01% | -2.95%-6.31% | -2.95%-6.31% | n/a-20.33% |
| Max drawdown duration | VTES BSMV | 64d64d | 232d229d | 232d229d | n/a1753d |
Trading data
VTES | BSMV | |
Last sale 10/16/2026 at 1:30 PM | $99.59 | $20.22 |
| Previous close 10/15/2026 | $99.50 | $20.20 |
| 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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VTES | BSMV | |
|---|---|---|
| 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
VTES | BSMV | |
|---|---|---|
| Last price | $99.59 | $20.22 |
| 1D performance | +0.09% | +0.10% |
| AuM | $4.08 B | $204.17 M |
| E/R | 0.05% | 0.18% |
Characteristics
VTES | BSMV | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Invesco |
| Benchmark | S&P 0-7 Year National AMT-Free Municipal Bond Index | ICE BulletShares USD Municipal Bond 2031 Index |
| N° of holdings | 1671 | 671 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 9, 2023 | September 15, 2021 |
| ESG | No | No |
Exposure
Countries
VTES
USA
52.32%
Other
47.68%
BSMV
USA
53.32%
Other
46.68%
Sectors
VTES
Municipal
52.32%
Other
47.68%
BSMV
Municipal
53.32%
Other
46.68%
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Diversification
VTES
Total weight of top 15 holdings out of 15
5.61%
BSMV
Total weight of top 15 holdings out of 15
5.44%
Top 15 holdings
Data as of August 31, 2026
VTES
US13063EUN48
0.91%
US13063EUM64
0.86%
US13063EUP95
0.78%
US13063EUU80
0.42%
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.40%
US13063EUQ78
0.38%
US13063EUS35
0.30%
Illinois, 5% 1nov2028, USD (2017D)
0.22%
US64972JQM35
0.21%
US13063ENN21
0.19%
Illinois, 5% 1nov2027, USD (2017D)
0.19%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.19%
New Jersey, 5% 1jun2029, USD
0.19%
Pennsylvania Public School Building Authority, 5% 1jun2033, USD (2016A)
0.18%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.18%
BSMV
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.65%
New Jersey, 4% 1jun2031, USD
0.60%
Illinois Toll Highway Authority, 5% 1jan2045, USD
0.60%
University of California, 5% 15may2046, USD
0.33%
US13032UE388
0.32%
California, 4% 1oct2041, USD
0.32%
California, 5% 1sep2041, USD
0.31%
New York Dormitory Authority, 5% 15aug2002, USD
0.30%
Massachusetts, 5% 1sep2031, USD (2021)
0.30%
US13063DM705
0.29%
US45884AC273
0.29%
Triborough Bridge and Tunnel Authority, 5% 15nov2051, USD (2021A)
0.29%
US646140JN47
0.29%
Maryland, 5% 1mar2034, USD
0.28%
New York Dormitory Authority, 5% 1oct2037, USD (2023A)
0.26%
Frequently asked questions about VTES and BSMV
How have the VTES and BSMV ETFs performed in 2026?
As of October 16, 2026, VTES is up 0.05% year-to-date (YTD), while BSMV has lost -2.01%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: VTES or BSMV?
Year-to-date, the VTES ETF saw +$2.52B in flows, compared to +$52M for BSMV.
Which ETF is more volatile: VTES or BSMV?
Over the past year, VTES had a volatility of 1.59%, while BSMV experienced 2.82%.
Which ETF is bigger: VTES or BSMV?
As of October 16, 2026, VTES holds $4.08 B in assets under management (AUM), while BSMV manages $204.17 M.
What sectors do the VTES and BSMV ETFs invest in?
VTES leans toward sectors like Municipal. Meanwhile, BSMV focuses on Municipal.
What are the top holdings of the VTES ETF and BSMV ETF?
VTES top holdings include US13063EUN48, US13063EUM64 and US13063EUP95. BSMV holds in its top three: Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A), New Jersey, 4% 1jun2031, USD and Illinois Toll Highway Authority, 5% 1jan2045, USD.
Which ETF is more diversified: VTES or BSMV?
VTES holds 3442 securities with 5.61% of its assets in the top 15. BSMV has 1534 securities and a top 15 weight of 5.44%.
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Latest news about VTES & BSMV
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