SMMU vs VTES
PIMCO Short Term Municipal Bond Active Exchange-Traded Fund against Vanguard Short-Term Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
3%
55 shared positions
Fee gap
30 bp
VTES is cheaper
1-year return gap
0.7 pts
SMMU is ahead
Larger fund
VTES
$2.0B
Side by side
| SMMU | VTES | |
|---|---|---|
| Fund | PIMCO Short Term Municipal Bond Active Exchange-Traded Fund | Vanguard Short-Term Tax-Exempt Bond ETF |
| Issuer | PIMCO | Vanguard |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.35% | 0.05% |
| Assets | $1.2B | $2.0B |
| Average daily dollar volume | $12M | $92M |
| Listed | Feb 1, 2010 | Mar 8, 2023 |
| FrenzyCap score | 62 | 96 |
| 1-month return | +0.2% | +0.4% |
| 3-month return | −0.6% | −0.7% |
| Year to date | −1.1% | −1.9% |
| 1-year return | −1.3% | −2.0% |
| 30-day volatility | 2.6% | 3.2% |
| Worst drawdown, 1 year | −3.2% | −4.5% |
| Trailing 12-month yield | 2.89% | 2.70% |
| Holdings | 375 | 4,001 |
| Top 10 weight | 14.9% | 3.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$93M thru Jun 2026 | +$246M thru May 2026 |
| 30-day implied volatility | — | 15.2% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
18% of SMMU · 3% of VTES| Holding | SMMU | VTES |
|---|---|---|
| NEW JERSEY ST-A 5%, due Jun 1, 2028 | 0.17% | 0.21% |
| TX TRANSPRTN-REF 5%, due Apr 1, 2032 | 0.28% | 0.16% |
| LOS ANGELES UNIF SD-A 5%, due Jul 1, 2033 | 0.38% | 0.16% |
| AQUARION WTR AUTH-B 5.25%, due Feb 1, 2031 | 0.15% | 0.16% |
| CA MUNI FIN AUTH-B 5%, due Jun 30, 2032 | 0.23% | 0.15% |
| NJ ECON DEV AUTH-RRR- *REPURCHASE OFFER* 5%, due Mar 1, 2028 | 0.18% | 0.14% |
| TX TRANSPRTN-B2, due Oct 1, 2032 | 0.47% | 0.13% |
| LONG ISLAND AUTH - B 3%, due Sep 1, 2028 | 0.31% | 0.13% |
| ST PUB SCH BLDG-A-REF 5%, due Jun 1, 2033 | 0.15% | 0.12% |
| AL TOLL ROAD-1, due Oct 1, 2032 | 1.50% | 0.11% |
| GRAND PKWY TRANSPRTN 5%, due Apr 1, 2028 | 0.20% | 0.11% |
| OH WTR DEV AUTH-A 5%, due Dec 1, 2028 | 1.06% | 0.10% |
| CA REF 5.25%, due Aug 1, 2032 | 0.09% | 0.10% |
| SAN ANTONIO-REF 5%, due Feb 1, 2032 | 0.52% | 0.08% |
| NE PUB PWR DT 5%, due Jul 1, 2028 | 0.14% | 0.07% |
| NASHVILLE ETC CO MET 5%, due Dec 1, 2028 | 0.23% | 0.06% |
| KY PROP & BLDG-B 5%, due Nov 1, 2026 | 0.15% | 0.06% |
| NEW YORK CITY-D 5%, due Aug 1, 2030 | 0.10% | 0.05% |
| MA DEV FIN AGY-A-2, due Oct 1, 2033 | 0.26% | 0.05% |
| SAN ANTONIO ELEC & -A 3.08%, due Dec 1, 2028 | 0.36% | 0.05% |
| NEW YORK CITY-D 5%, due Aug 1, 2033 | 0.17% | 0.05% |
| N TX TOLLWY AUTH-A 5%, due Jan 1, 2027 | 0.22% | 0.04% |
| OK PUB PROPERTY AUTH 5%, due Jun 1, 2031 | 0.86% | 0.04% |
| CALIFORNIA ST-REF 5%, due Aug 1, 2028 | 0.29% | 0.04% |
| NEW YORK CITY-E-1-REF, due Aug 1, 2032 | 0.38% | 0.04% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · SMMU holdings · VTES holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.