VTESvsITMETF Comparison
VS
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) and VanEck Intermediate Muni ETF (ITM) 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 ITM. VTES is up 0.05% year-to-date (YTD) with +$2.52B in YTD flows. ITM performs worse with -2.88% YTD performance, and +$176M in YTD flows. Run a side-by-side ETF comparison of VTES and ITM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
VTES vs ITM 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 ITM | +0.15%+0.07% | -0.72%-3.17% | +0.05%-2.88% | +0.53%-2.05% | +9.70%+10.27% | n/a-0.94% |
| Flows | VTES ITM | +$1.06B+$174M | +$1.95B+$110M | +$2.52B+$176M | +$2.69B+$259M | +$3.87B+$343M | -+$507M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTES ITM | +2.60%+5.25% | +1.59%+3.33% | +1.59%+3.74% | n/a+3.77% |
| Max drawdown | VTES ITM | -2.66%-5.93% | -2.95%-7.74% | -2.95%-7.74% | n/a-14.22% |
| Max drawdown duration | VTES ITM | 64d92d | 232d229d | 232d229d | n/a1387d |
Trading data
VTES | ITM | |
Last sale 10/16/2026 at 1:30 PM | $99.59 | $44.83 |
| Previous close 10/15/2026 | $99.50 | $44.85 |
| 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
Create an account to view replication metrics
Join for free
VTES | ITM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
VTES | ITM | |
|---|---|---|
| Last price | $99.59 | $44.83 |
| 1D performance | +0.09% | -0.04% |
| AuM | $4.08 B | $2.20 B |
| E/R | 0.05% | 0.18% |
Characteristics
VTES | ITM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | VanEck |
| Benchmark | S&P 0-7 Year National AMT-Free Municipal Bond Index | ICE Intermediate AMT-Free Broad National Municipal Index |
| N° of holdings | 1671 | 680 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 9, 2023 | December 4, 2007 |
| ESG | No | No |
Advertisement
Exposure
Countries
VTES
USA
52.32%
Other
47.68%
ITM
USA
52.78%
Other
47.22%
Sectors
VTES
Municipal
52.32%
Other
47.68%
ITM
Municipal
52.78%
Other
47.22%
Advertisement
Diversification
VTES
Total weight of top 15 holdings out of 15
5.61%
ITM
Total weight of top 15 holdings out of 15
5.34%
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%
ITM
US646067KE77
0.55%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.51%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
0.47%
California, 4% 1mar2036, USD
0.45%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.39%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
0.38%
US74440DFC39
0.33%
US64972GE267
0.30%
California, 5.25% 1aug2032, USD
0.30%
US63607WBD56
0.29%
California Housing Finance Agency, 3.75% 25mar2035, USD (2021-2, A)
0.29%
Southeast Energy Authority, 5.25% 1nov2055, USD (2025F)
0.28%
US569203NS77
0.28%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
0.27%
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
0.25%
Frequently asked questions about VTES and ITM
How have the VTES and ITM ETFs performed in 2026?
As of October 16, 2026, VTES is up 0.05% year-to-date (YTD), while ITM has lost -2.88%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: VTES or ITM?
Year-to-date, the VTES ETF saw +$2.52B in flows, compared to +$176M for ITM.
Which ETF is more volatile: VTES or ITM?
Over the past year, VTES had a volatility of 1.59%, while ITM experienced 3.33%.
Which ETF is bigger: VTES or ITM?
As of October 16, 2026, VTES holds $4.08 B in assets under management (AUM), while ITM manages $2.20 B.
What sectors do the VTES and ITM ETFs invest in?
VTES leans toward sectors like Municipal. Meanwhile, ITM focuses on Municipal.
What are the top holdings of the VTES ETF and ITM ETF?
VTES top holdings include US13063EUN48, US13063EUM64 and US13063EUP95. ITM holds in its top three: US646067KE77, California Community Choice Financing Authority, 5% 1aug2055, USD (2024C) and California Community Choice Financing Authority, 5% 1feb2055, USD (2024F).
Which ETF is more diversified: VTES or ITM?
VTES holds 3442 securities with 5.61% of its assets in the top 15. ITM has 1325 securities and a top 15 weight of 5.34%.
Advertisement
Latest news about VTES & ITM
Advertisement
