Vanguard Short Duration Tax-Exempt Bond ETF(VSDM · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

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VSDM
Snapshot
Info

Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) ETF

Exchange
BATS
Inception
2024-11-21
Has Options
No
ETF Profile
holdings as of 2026-06-30
Holdings
2785
AUM
$758.5M
Provider
Vanguard
Inception
2024-11-21
Exchange
BATS
Data As Of
2026-06-30
Expense Ratio
0.12%
Dividend Yield
3.13%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-07-01 2026-07-06 $0.1959 CD
2026-06-01 2026-06-03 $0.1962 CD
2026-05-01 2026-05-05 $0.1966 CD
2026-04-01 2026-04-06 $0.1983 CD
2026-03-02 2026-03-04 $0.2005 CD
2026-02-02 2026-02-04 $0.1913 CD
Asset Allocation
Top Holdings
top 50 of 2785 holdings
Symbol Name Weight % Asset Class Country
SOUTHEAST ENERGY AUTH COOP DIS BDS 2024C 0.51% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2021B- 0.42% Corporate Bond
Florida Municipal Power Agency Revenue 0.42% Municipal Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2023 D 0.41% Corporate Bond
ENERGY SOUTHEAST ALA COOP DIST BDS 2026B 0.40% Corporate Bond
BLACK BELT ENERGY GAS DIST ALA BDS 2024 B 0.39% Corporate Bond
TEXAS MUN GAS ACQUISITION & SU BDS 2023A 0.39% Corporate Bond
SOUTHERN CALIF PUB PWR AUTH RE BDS 2026A 0.37% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2026D 0.35% Corporate Bond
LOWER COLO RIV AUTH TEX REV REF BDS 2023 B 0.34% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2023 B 0.31% Corporate Bond
SOUTHEAST ENERGY AUTH COOP DIS BDS 2025 B 0.30% Corporate Bond
MINNEAPOLIS MINN HEALTH CARE S BDS 2023B 0.28% Corporate Bond
BLACK BELT ENERGY GAS DIST ALA BDS 2021 A 0.28% Corporate Bond
MAIN STR NAT GAS INC GA GAS SU BDS 2021 A 0.27% Corporate Bond
METROPOLITAN TRANSN AUTH N Y R BDS 2015 A 0.27% Corporate Bond
ENERGY SOUTHEAST ALA COOP DIST BDS 2025B 0.26% Corporate Bond
TARRANT CNTY TEX CULTURAL ED F BDS 2022F 0.26% Corporate Bond
KENTUCKY INC KY PUB ENERGY AUT REF BDS 2025A 0.26% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2024C 0.25% Corporate Bond
LOWER ALA GAS DIST GAS PROJ RE REF BDS 2025 A 0.25% Corporate Bond
BLACK BELT ENERGY GAS DIST ALA BDS 2022A 0.24% Corporate Bond
MISSOURI ST HEALTH & EDL FACS BDS 2025 B 0.24% Corporate Bond
MAIN STR NAT GAS INC GA GAS SU BDS 2023A 0.24% Corporate Bond
SOUTHERN CALIF PUB PWR AUTH SO BDS 2025-2 0.24% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2021 A 0.24% Corporate Bond
Rutherford County Health & Educational Facilities Board 0.23% Corporate Bond
BLACK BELT ENERGY GAS DIST ALA REF BDS 2026 H 0.23% Corporate Bond
TENNERGY CORP TENN GAS REV SUPPLY BDS SUB 20 0.23% Corporate Bond
NEW YORK N Y CITY HSG DEV CORP BDS 2023A- 0.22% Corporate Bond
SOUTHERN CALIF PUB PWR AUTH RE BDS 2024 A 0.22% Corporate Bond
NEW MEXICO MUN ENERGY ACQUISIT REF BDS 2025 0.22% Corporate Bond
BLACK BELT ENERGY GAS DIST ALA BDS 2026 A 0.22% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2025C 0.22% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2025D 0.21% Corporate Bond
UNIVERSITY WIS HOSPS & CLINICS BDS 2024B 0.21% Corporate Bond
LOWER COLO RIV AUTH TEX REV REF BDS 2025 B 0.21% Corporate Bond
Texas Municipal Gas Acquisition & Supply Corp. Revenue 0.21% Municipal Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2022A- 0.21% Corporate Bond
BLACK BELT ENERGY GAS DIST ALA BDS 2024A 0.20% Corporate Bond
SOUDERTON PA AREA SCH DIST GO BDS 2022 0.20% Corporate Bond
KENTUCKY INC KY PUB ENERGY AUT BDS 2019 C 0.20% Corporate Bond
LOS ANGELES CALIF DEPT WTR & P BDS 2018 B 0.20% Corporate Bond
TENNERGY CORP TENN GAS REV SUPPLY BDS 2022 A 0.20% Corporate Bond
FLORIDA DEV FIN CORP HEALTHCAR BDS 2024 B 0.20% Corporate Bond
COOK CNTY ILL SCH DIST NO 063 GO LTD SCH BDS 2019 0.20% Corporate Bond
BLACK BELT ENERGY GAS DIST ALA BDS 2021 C 0.20% Corporate Bond
CALIFORNIA CMNTY CHOICE FING A BDS 2024 D 0.20% Corporate Bond
MEMPHIS TENN GEN IMPT REF BDS 2021 0.20% Corporate Bond
CHICHESTER SCH DIST PA GO BDS 2022A 0.20% Corporate Bond
Non-Equity Breakdown
VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF · NPORT-P period 2026-10-31 (filed 2026-03-31)
Net assets: $427M · 1905 total positions · equity 0.00% · non-equity 99.73%
Non-equity holdings — 1905 positions, 99.73% of NAV
Category Weight Value Positions
Municipal 98.82% $421.6M 1902
Short-term investment 0.84% $3.6M 1
Mortgage-backed (US Govt-Sponsored Entity) 0.06% $244535 1
Derivative (interest rate) 0.00% $3204 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.57% 2
Feb +0.54% 2
Mar -0.74% 2
Apr -0.36% 2
May +0.35% 2
Jun +0.58% 2
Jul -0.14% 2
Aug +0.04% 1
Sep +0.62% 1
Oct -0.08% 1
Nov +0.07% 2
Dec -1.05% 2
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators
SMA 20: $76.38
SMA 50: $76.36
SMA 200: $76.57
Current: $75.90
EMA 12: $76.25
EMA 26: $76.34
MACD: -0.0876 | Signal: -0.0494
BEARISH
ADX (14): 14.04
RANGE
+DI: 15.70
−DI: 45.38
Momentum Oscillators
RSI (14): 18.13
OVERSOLD
Stoch %K: 3.92
Stoch %D: 3.15
Williams %R: -95.38
Volume & Volatility
BB Upper: $76.72
BB Lower: $76.04
OVERSOLD
OBV: 3,536,799
Vol SMA 20: 109,985
Vol ROC: 4.88%
ATR: $0.10
True Range: $0.26
HV 20: 1.5%
HV 30: 1.4%
HV 60: 1.6%

Data Summary
Data Points: 416
Last Updated:
Date Range: 2024-11-21T00:00:00 – 2026-07-23T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.03
Correlation (SPY)
25.9%
0.07
Ann. Volatility
1.6%
SPY Volatility
12.7%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month