VTESvsSCMBETF Comparison
VS
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTES is more expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.03% for SCMB. VTES is up 0.59% year-to-date (YTD) with +$845M in YTD flows. SCMB performs worse with -0.67% YTD performance, and +$1.53B in YTD flows. Run a side-by-side ETF comparison of VTES and SCMB 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 SCMB 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 SCMB | +0.10%-0.84% | -0.11%-1.99% | +0.59%-0.67% | +1.59%+3.31% | +9.43%+8.78% | n/an/a |
| Flows | VTES SCMB | +$214M+$278M | +$446M+$395M | +$845M+$1.53B | +$1.13B+$1.97B | +$2.24B+$4.06B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTES SCMB | +1.12%+2.72% | +1.11%+2.57% | +1.48%+3.73% | n/an/a |
| Max drawdown | VTES SCMB | -0.77%-2.64% | -1.38%-2.72% | -1.81%-5.45% | n/an/a |
| Max drawdown duration | VTES SCMB | 58d59d | 188d122d | 59d275d | n/an/a |
Trading data
VTES | SCMB | |
Last sale 9/2/2026 at 1:30 PM | $100.35 | $24.95 |
| Previous close 09/02/2026 | $100.36 | $24.96 |
| 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
Create an account to view replication metrics
Join for free
VTES | SCMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
VTES | SCMB | |
|---|---|---|
| Last price | $100.35 | $24.95 |
| 1D performance | -0.00% | -0.04% |
| AuM | $2.42 B | $4.15 B |
| E/R | 0.05% | 0.03% |
Characteristics
VTES | SCMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Schwab ETFs |
| Benchmark | S&P 0-7 Year National AMT-Free Municipal Bond Index | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 1686 | 319 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 9, 2023 | October 12, 2022 |
| ESG | No | No |
Advertisement
Exposure
Countries
VTES
USA
59.38%
Other
40.62%
SCMB
USA
60.28%
Other
39.72%
Sectors
VTES
Municipal
59.38%
Other
40.62%
SCMB
Municipal
60.28%
Other
39.72%
Advertisement
Diversification
VTES
Total weight of top 15 holdings out of 15
3.27%
SCMB
Total weight of top 15 holdings out of 15
8.71%
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%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.46%
Massachusetts, 5% 1nov2043, USD (2017)
0.67%
Pennsylvania, 4% 1mar2036, USD
0.66%
University of California, 5% 15nov2040, USD (2026)
0.59%
US64972GA612
0.57%
California, 5.25% 1sep2047, USD
0.56%
US93974EEM49
0.55%
Northwest Independent School District, 5% 15feb2055, USD (2025)
0.55%
University of California, 5% 15nov2035, USD (2026)
0.45%
US68607DXA89
0.45%
US74265L3A45
0.44%
US544647HQ66
0.44%
US592112XL58
0.44%
City of New York, 5% 1aug2032, USD (2022)
0.44%
US709225GV28
0.44%
Frequently asked questions about VTES and SCMB
How have the VTES and SCMB ETFs performed in 2026?
As of September 2, 2026, VTES is up 0.59% year-to-date (YTD), while SCMB has lost -0.67%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: VTES or SCMB?
Year-to-date, the VTES ETF saw +$845M in flows, compared to +$1.53B for SCMB.
Which ETF is more volatile: VTES or SCMB?
Over the past year, VTES had a volatility of 1.11%, while SCMB experienced 2.57%.
Which ETF is bigger: VTES or SCMB?
As of September 2, 2026, VTES holds $2.42 B in assets under management (AUM), while SCMB manages $4.15 B.
What sectors do the VTES and SCMB ETFs invest in?
VTES leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the VTES ETF and SCMB ETF?
VTES top holdings include North Colonie Central School District, 3.75% 25jun2027, USD (2026), US64972JQM35 and US13063ENN21. SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), Massachusetts, 5% 1nov2043, USD (2017) and Pennsylvania, 4% 1mar2036, USD.
Which ETF is more diversified: VTES or SCMB?
VTES holds 3414 securities with 3.27% of its assets in the top 15. SCMB has 541 securities and a top 15 weight of 8.71%.
Advertisement
Latest news about VTES & SCMB
Advertisement
