VanguardMuni National ShortVSDM · Cboe BZX

Vanguard Short Duration Tax-Exempt Bond ETF (VSDM)

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Price: $75.38; —11 Sept 2026
Assets: $936.4M; Total net assets
Expense ratio: 0.12%; Category 0.54%
Yield: 3.13%; Trailing distributions

1Y return: 1.3%-0.1%; Category 1.4%
3Y CAGR: —; Category 3.1%
5Y CAGR: —; Category 1.7%

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Vanguard Short Duration Tax-Exempt Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.9%	-0.6%	-0.3%	+0.7%	+1.3%	—	—	—	+3.2%
Muni National Short average	-0.4%	-0.1%	0.2%	1.0%	1.4%	3.1%	1.7%	1.5%	2.3%
Difference	-0.4%	-0.5%	-0.5%	-0.3%	-0.1%	—	—	—	+1.0%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA5.7%
AA37.8%
A38.8%
BBB12.4%
BB1.7%
Below B0.1%
Other3.5%

Asset mix

Bonds98.6%
Cash1.4%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni National Short
Ticker: VSDM
Exchange: Cboe BZX
Inception: 21 Nov 2024 (1.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.12% (category 0.54%)
Holdings turnover: 13% (category 59%)
Distribution yield: 3.13%
Beta, 3 years: 0.00
Total net assets: $936.4M
Average maturity: 10.28 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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