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Vanguard, Schwab, and VanEck ETF performance and cost comparisons
Financial comparisons highlight differences between various exchange-traded funds (ETFs) targeting municipal and Treasury markets.
In the municipal bond sector, Vanguard’s Short-Term Tax-Exempt Bond ETF (VTES) and VanEck’s Short Muni ETF (SMB) both offer federal tax-exempt income. VTES maintains a lower expense ratio of 0.05% compared to SMB’s 0.07%, though SMB has recently provided a marginally higher trailing payout. VTES manages approximately $2.1 billion in assets, while SMB manages $314.9 million.
For long-term U.S. Treasury exposure, the Vanguard Long-Term Treasury ETF (VGLT) and Schwab Long-Term U.S. Treasury ETF (SCHQ) offer nearly identical profiles. Both funds share a 0.03% expense ratio and target bonds with at least 10 years to maturity. While VGLT has a significantly larger asset base at $10.4 billion, SCHQ offers a slightly higher dividend yield of 4.9% compared to VGLT’s 4.8%.