VTESvsJMHIETF Comparison
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Vanguard Short-Term Tax-Exempt Bond ETF (VTES) and JPMorgan High Yield Municipal ETF (JMHI) belong to the same industry segment: Municipal Bonds. VTES's top 1 sector exposures are Municipal. In contrast, JMHI's top sector exposures are Municipal and Sovereign. VTES is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.58% for JMHI. VTES is up 0.59% year-to-date (YTD) with +$845M in YTD flows. JMHI performs worse with 0.32% YTD performance, and +$60M in YTD flows. Run a side-by-side ETF comparison of VTES and JMHI 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 JMHI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTES JMHI | +0.10%-0.62% | -0.11%-1.47% | +0.59%+0.32% | +1.59%+4.22% | +9.43%+14.83% | n/an/a |
| Flows | VTES JMHI | +$214M+$5M | +$446M+$22M | +$845M+$60M | +$1.13B+$80M | +$2.24B+$76M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTES JMHI | +1.12%+3.01% | +1.11%+2.81% | +1.48%+4.25% | n/an/a |
| Max drawdown | VTES JMHI | -0.77%-2.43% | -1.38%-2.62% | -1.81%-5.46% | n/an/a |
| Max drawdown duration | VTES JMHI | 58d64d | 188d106d | 59d189d | n/an/a |
Trading data
VTES | JMHI | |
Last sale 9/2/2026 at 1:30 PM | $100.35 | $48.97 |
| Previous close 09/02/2026 | $100.36 | $48.99 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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JMHI
is actively managed and doesn’t replicate an indexVTES | JMHI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
VTES | JMHI | |
|---|---|---|
| Last price | $100.35 | $48.97 |
| 1D performance | -0.00% | -0.04% |
| AuM | $2.42 B | $293.06 M |
| E/R | 0.05% | 0.58% |
Characteristics
VTES | JMHI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | J.P. Morgan Asset Management |
| Benchmark | S&P 0-7 Year National AMT-Free Municipal Bond Index | - |
| N° of holdings | 1686 | 125 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 9, 2023 | July 14, 2023 |
| ESG | No | No |
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Exposure
Countries
VTES
USA
59.38%
Other
40.62%
JMHI
USA
58.76%
Other
41.24%
Sectors
VTES
Municipal
59.38%
Other
40.62%
JMHI
Municipal
56.4%
Other
43.6%
Diversification
VTES
Total weight of top 15 holdings out of 15
3.27%
JMHI
Total weight of top 15 holdings out of 15
17.15%
Top 15 holdings
Data as of July 31, 2026
VTES
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.46%
US64972JQM35
0.25%
US13063ENN21
0.22%
Illinois, 5% 1nov2027, USD (2017D)
0.22%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.21%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.21%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.21%
New Jersey, 5% 1jun2029, USD
0.20%
New Jersey, 5% 1jun2028, USD
0.20%
New Jersey Transportation Trust Fund Authority, 5% 15jun2028, USD
0.20%
California, 5.25% 1aug2032, USD
0.18%
Wyandotte Unified School District №500, 5.25% 1sep2042, USD (2016-A)
0.18%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.18%
New Jersey, 4% 1jun2030, USD
0.17%
US544647HQ66
0.17%
JMHI
USA, Bills 0% 11aug2026, USD (119D)
2.37%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.35%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.34%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
1.18%
Louisiana Public Facilities Authority, 5.75% 1sep2064, USD (2024)
1.12%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
1.11%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
1.07%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.06%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
1.04%
US74442PQH19
1.04%
Golden State Tobacco Securitization Corp., 5% 1jun2051, USD (2022A-1)
1.03%
Golden State Tobacco Securitization Corp., 0% 1jun2066, USD (2021B-2)
0.91%
US2510934Q05
0.89%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.82%
US452153PJ26
0.81%
Frequently asked questions about VTES and JMHI
How have the VTES and JMHI ETFs performed in 2026?
As of September 2, 2026, VTES is up 0.59% year-to-date (YTD), while JMHI has returned 0.32%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: VTES or JMHI?
Year-to-date, the VTES ETF saw +$845M in flows, compared to +$60M for JMHI.
Which ETF is more volatile: VTES or JMHI?
Over the past year, VTES had a volatility of 1.11%, while JMHI experienced 2.81%.
Which ETF is bigger: VTES or JMHI?
As of September 2, 2026, VTES holds $2.42 B in assets under management (AUM), while JMHI manages $293.06 M.
What sectors do the VTES and JMHI ETFs invest in?
VTES leans toward sectors like Municipal. Meanwhile, JMHI focuses on Municipal.
What are the top holdings of the VTES ETF and JMHI ETF?
VTES top holdings include North Colonie Central School District, 3.75% 25jun2027, USD (2026), US64972JQM35 and US13063ENN21. JMHI holds in its top three: USA, Bills 0% 11aug2026, USD (119D), Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2) and City of New York, 0% 15sep2006, USD (2029-SER, 2738D).
Which ETF is more diversified: VTES or JMHI?
VTES holds 3414 securities with 3.27% of its assets in the top 15. JMHI has 237 securities and a top 15 weight of 17.15%.
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