VTESvsHYMBETF Comparison
VS
ETF 2
HYMB
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
This fund is part of
Municipal Bonds
-0%
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) and State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) 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 0.35% for HYMB. VTES is up 0.05% year-to-date (YTD) with +$2.52B in YTD flows. HYMB performs worse with -1.74% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of VTES and HYMB 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 HYMB 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 HYMB | +0.15%-0.95% | -0.72%-4.52% | +0.05%-1.74% | +0.53%-1.07% | +9.70%+14.47% | n/a-2.25% |
| Flows | VTES HYMB | +$1.06B+$349M | +$1.95B+$920M | +$2.52B+$1.09B | +$2.69B+$1.26B | +$3.87B+$1.99B | -+$2.47B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTES HYMB | +2.60%+6.33% | +1.59%+3.93% | +1.59%+4.97% | n/a+5.04% |
| Max drawdown | VTES HYMB | -2.66%-6.76% | -2.95%-7.46% | -2.95%-7.46% | n/a-20.03% |
| Max drawdown duration | VTES HYMB | 64d92d | 232d103d | 232d103d | n/a1509d |
Trading data
VTES | HYMB | |
Last sale 10/16/2026 at 1:30 PM | $99.59 | $23.61 |
| Previous close 10/15/2026 | $99.50 | $23.66 |
| 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 | HYMB | |
|---|---|---|
| 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 | HYMB | |
|---|---|---|
| Last price | $99.59 | $23.61 |
| 1D performance | +0.09% | -0.21% |
| AuM | $4.08 B | $3.81 B |
| E/R | 0.05% | 0.35% |
Characteristics
VTES | HYMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | State Street Investment Management |
| Benchmark | S&P 0-7 Year National AMT-Free Municipal Bond Index | ICE US Select High Yield Crossover Municipal Index |
| N° of holdings | 1671 | 803 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 9, 2023 | April 13, 2011 |
| ESG | No | No |
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Exposure
Countries
VTES
USA
52.32%
Other
47.68%
HYMB
USA
52.86%
Other
47.14%
Sectors
VTES
Municipal
52.32%
Other
47.68%
HYMB
Municipal
52.86%
Other
47.14%
Diversification
VTES
Total weight of top 15 holdings out of 15
5.61%
HYMB
Total weight of top 15 holdings out of 15
9.55%
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%
HYMB
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
2.21%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
1.33%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.23%
Puerto Rico, 4% 1jul2046, USD
0.74%
Puerto Rico, 4% 1jul2041, USD
0.55%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.54%
New York Liberty Development Corp., 5% 15nov2044, USD
0.42%
US592250EW01
0.37%
US09182TGL52
0.33%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.32%
Chicago, 6% 1jan2050, USD (2025)
0.32%
Chicago Board of Education, 6% 1dec2041, USD (2025B)
0.31%
Matching Fund Special Purpose Securitization Corp., 5% 1oct2039, USD (2022A)
0.30%
US167505ZF68
0.30%
Golden State Tobacco Securitization Corp., 0% 1jun2066, USD (2021B-2)
0.28%
Frequently asked questions about VTES and HYMB
How have the VTES and HYMB ETFs performed in 2026?
As of October 16, 2026, VTES is up 0.05% year-to-date (YTD), while HYMB has lost -1.74%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: VTES or HYMB?
Year-to-date, the VTES ETF saw +$2.52B in flows, compared to +$1.09B for HYMB.
Which ETF is more volatile: VTES or HYMB?
Over the past year, VTES had a volatility of 1.59%, while HYMB experienced 3.93%.
Which ETF is bigger: VTES or HYMB?
As of October 16, 2026, VTES holds $4.08 B in assets under management (AUM), while HYMB manages $3.81 B.
What sectors do the VTES and HYMB ETFs invest in?
VTES leans toward sectors like Municipal. Meanwhile, HYMB focuses on Municipal.
What are the top holdings of the VTES ETF and HYMB ETF?
VTES top holdings include US13063EUN48, US13063EUM64 and US13063EUP95. HYMB holds in its top three: Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD and Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2).
Which ETF is more diversified: VTES or HYMB?
VTES holds 3442 securities with 5.61% of its assets in the top 15. HYMB has 1798 securities and a top 15 weight of 9.55%.
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Latest news about VTES & HYMB
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