VanEck Short Muni ETF

Price: $18.01
Change: $0.03 (-0.0%)
Category: National Munis
Last Updated:


Issuer VanEck
Brand VanEck
Structure ETF
Expense Ratio 0.20%
ETF Home Page Home page
Inception Feb 22, 2008

Analyst Report

This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets. Muni bonds are used by local entities to pay for a variety of services or to make improvements to infrastructure paying for everything from new sewer systems to school renovations and bridge construction as such, they are relatively low risk instruments. This is especially true in the case of SMB since the fund only targets short term munis which have less default risk then their longer-dated counterparts. As a result SMB is a solid choice for investors seeking broad exposure to the muni market but with lower levels of risk. The fund still has solid levels of diversification— holding over 190 securities— and one of the cheapest expense ratios in the category at just 16 basis points. However, investors should be aware that these shorter term instruments are likely to pay out a lower rate of interest than some of the longer-term bonds that are out there, potentially limiting current income.

ETF Database Themes

Category National Munis
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Municipal Bond
Bond Duration All-Term

FactSet Classifications

  • Segment Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Short-Term
  • Category Government, Local Authority/Municipal
  • Focus Investment Grade
  • Niche Short-Term
  • Strategy Vanilla
  • Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $17.78
  • 52 Week Hi $18.09
  • AUM $318.7 M
  • Shares 17.7 M

Historical Trading Data

  • 1 Month Avg. Volume 74,205
  • 3 Month Avg. Volume 64,371

Alternative ETFs in the ETF Database National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.06% $14.1 B 1 M 0.75%
Largest (AUM) MUB 0.07% $23.7 B 1 M 0.68%
Most Liquid (Volume) VTEB 0.06% $14.1 B 1 M 0.75%
Top YTD Performer RTAI 1.91% $19.3 M 6,495 10.40%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Short-Term Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SUB 0.07% $6.0 B 350,957 0.14%
Largest (AUM) SUB 0.07% $6.0 B 350,957 0.14%
Most Liquid (Volume) JMST 0.18% $2.2 B 375,129 0.26%
Top YTD Performer BSMN 0.18% $35.8 M 3,848 0.34%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

SMB ETF Database Category Average FactSet Segment Average
Number of Holdings 605 835 1763
% of Assets in Top 10 6.44% 17.86% 13.97%
% of Assets in Top 15 9.01% 22.05% 17.94%
% of Assets in Top 50 22.65% 40.27% 35.53%

Size Comparison

SMB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

SMB Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

SMB Dividend

This section compares the dividend yield of this ETF to its peers.

SMB ETF Database Category Average FactSet Segment Average
Dividend $ 0.02 $ 0.05 $ 0.02
Dividend Date 2021-09-01 N/A N/A
Annual Dividend Rate $ 0.22 $ 0.60 $ 0.33
Annual Dividend Yield 1.24% 1.55% 0.79%

SMB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 2.7 M 1 Month Net Flows: 8.11 M 3 Month Net Flows: 17.13 M 6 Month Net Flows: 36.07 M 1 Year Net Flows: 101.09 M 3 Year Net Flows: 111.12 M 5 Year Net Flows: 44.25 M 10 Year Net Flows: 209.77 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SMB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses B+ n/a

A+ Overall Rated ETF:

SMB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

SMB does not have an ESG score. There are no ESG themes that map to this ETF.

SMB Performance

This section shows how this ETF has performed relative to its peers.

SMB ETF Database
Category Average
Factset Segment
1 Month Return -0.15% -0.37% -0.12%
3 Month Return 0.04% 0.11% N/A
YTD Return 0.19% 1.27% 0.12%
1 Year Return 0.78% 2.59% 0.40%
3 Year Return 9.66% 8.85% 5.25%
5 Year Return 9.23% 5.95% 4.60%

SMB Price and Volume Chart

Geographic Exposure

The following charts reflect the geographic spread of SMB's underlying holdings.

Sector Breakdown

Asset Percentage
Municipal 99.51%
CASH 0.25%
Other 0.19%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 99.51%
CASH 0.25%
Other 0.19%

SMB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group Category.

5 Day Volatility
23 of 50

20 Day Volatility
15 of 50

50 Day Volatility
20 of 50

200 Day Volatility
31 of 50

21 of 50

Standard Deviation
38 of 47


  • 20 Day MA $18.05
  • 60 Day MA $18.05
  • MACD 15 Period -0.04
  • MACD 100 Period -0.02
  • Williams % Range 10 Day 77.78
  • Williams % Range 20 Day 80.00
  • RSI 10 Day 38
  • RSI 20 Day 44
  • RSI 30 Day 46
  • Ultimate Oscillator 46

Bollinger Bands

  • Lower Bollinger (10 Day) $18.02
  • Upper Bollinger (10 Day) $18.08
  • Lower Bollinger (20 Day) $18.02
  • Upper Bollinger (20 Day) $18.08
  • Lower Bollinger (30 Day) $18.02
  • Upper Bollinger (30 Day) $18.07

Support & Resistance

  • Support Level 1 $17.99
  • Support Level 2 $17.97
  • Resistance Level 1 $18.03
  • Resistance Level 2 $18.05


  • Stochastic Oscillator %D (1 Day) 42.10
  • Stochastic Oscillator %D (5 Day) 37.61
  • Stochastic Oscillator %K (1 Day) 41.54
  • Stochastic Oscillator %K (5 Day) 46.77

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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