How many muni national short ETFs are there?

MetaCap tracks 15 US-listed muni national short ETFs with about $9.8B in combined assets.

What is the largest muni national short ETF?

Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF (VTES) is the largest, with about $3.5B in assets under management.

Which Muni National Short ETF has the lowest expense ratio?

Among the funds shown, Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF (VTES) has the lowest expense ratio at 0.05% per year, or $5 a year on a $10,000 investment.

What does AUM mean for an ETF?

Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

Muni National Short ETFs

15 muni national short ETFs ranked by assets under management. Updated October 10, 2026.

Total assets

$9.8B

MetaCap lists 15 US-listed ETFs in the Muni National Short category, holding a combined $9.8B in assets. The largest by assets are VTES ($3.5B), MEAR ($1.5B) and SMMU ($1.2B). Expense ratios range from 0.05% to 0.35% (median 0.19%); VTES is the lowest-cost fund shown at 0.05% a year. On the latest trading day, 13 of 15 funds were higher, with an average move of +0.18%.

Summary generated from market data by MetaCap's automated system. Methodology

Largest muni national short ETFs by assets

Muni National Short ETFs by assets under management
#	Symbol	Fund Name	Price	% Change	AUM	Expense Ratio
1	VTES	Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF	98.97	+0.22%	$3.52B	0.05%
2	MEAR	iShares Short Maturity Municipal Bond Active ETF	49.68	+0.10%	$1.47B	0.26%
3	SMMU	Short Term Municipal Bond Active Exchange-Traded Fund	49.61	+0.28%	$1.20B	0.35%
4	VSDM	Vanguard Short Duration Tax-Exempt Bond ETF	74.56	+0.26%	$1.14B	0.12%
5	EVSM	Eaton Vance Short Duration Municipal Income ETF	49.35	+0.18%	$905.75M	0.19%
6	BKMS	BNY Mellon Municipal Short Duration ETF	25.08	+0.26%	$429.31M	0.35%
7	SMB	VanEck Short Muni ETF	16.97	+0.30%	$317.52M	0.07%
8	FUMB	First Trust Ultra Short Duration Municipal ETF	19.95	+0.30%	$259.75M	0.29%
9	FTMS	Franklin Short-Term Municipal Income ETF	9.73	+0.15%	$206.98M	0.21%
10	PUSH	PGIM Ultra Short Municipal Bond ETF	49.95	+0.22%	$152.64M	0.15%
11	GUMI	Goldman Sachs Ultra Short Municipal Income ETF	50.12	-0.02%	$61.40M	0.16%
12	ZMUN	F/m Ultrashort Tax-Free Municipal ETF	49.59	+0.20%	$34.29M	0.30%
13	AUSM	Allspring Ultra Short Municipal ETF	24.85	+0.08%	$32.70M	0.18%
14	PVI	Invesco Floating Rate Municipal Income ETF	24.89	0.00%	$32.28M	0.25%
15	TMNS	T. Rowe Price Short Municipal Income ETF	48.72	+0.17%	$21.83M	0.18%

Frequently asked questions

How many muni national short ETFs are there?: MetaCap tracks 15 US-listed muni national short ETFs with about $9.8B in combined assets.
What is the largest muni national short ETF?: Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF (VTES) is the largest, with about $3.5B in assets under management.
Which Muni National Short ETF has the lowest expense ratio?: Among the funds shown, Vanguard Wellington Fund Vanguard Short-Term Tax Exempt Bond ETF (VTES) has the lowest expense ratio at 0.05% per year, or $5 a year on a $10,000 investment.
What does AUM mean for an ETF?: Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

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Prices as of Oct 10, 11:30 PM EDT. Market data is delayed at least 15 minutes and provided for informational purposes only. Not investment advice. Full disclaimer