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ETFs

VanEck Short Muni ETF

SMB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 22 2008
Expense Ratio
0.07%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$1,184,244
AUM
$244,842,000
Associated Index
ICE Short AMT-Free Broad National Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Conroe Independent School District
0.87%
n/a
Metropolitan Transportation Authority
0.84%
n/a
Golden State Tobacco Securitization Cor
0.80%
n/a
Tennessee Energy Acquisition Corp
0.73%
n/a
Patriots Energy Group Financing Agency
0.72%
n/a
North Carolina Turnpike Authority
0.67%
n/a
State Of Wisconsin
0.62%
n/a
State of Maryland 5 % Bonds 2017-15.03.24 State and Local Facilities First Series A
0.62%
n/a
City Of New York Ny
0.62%
n/a
Lower Alabama Gas District/The
0.61%
Invest with SMB

What is SMB?

The VanEck Short Muni ETF (SMB) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Short AMT-Free Broad National Municipal Index (MBNS), which is intended to track the overall performance of the U.S. dollar-denominated short-term tax-exempt bond market. The index comprised of Short maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have less than six years remaining term to final maturity, a fixed coupon schedule (including zero coupon and step-up or step-down bonds), and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).

ETFs related toSMB

ETFs correlated to SMB include VTES, SCMB, DFNM

SMB
VanEck ETF Trust - VanEck Short Muni ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
DFCA
Dimensional ETF Trust - Dimensional California Municipal Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SMB is a US Bonds ETF. The VanEck Short Muni ETF (SMB) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Short AMT-Free Broad National Municipal Index (MBNS), which is intended to track the overall performance of the U.S. dollar-denominated short-term tax-exempt bond market. The index comprised of Short maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have less than six years remaining term to final maturity, a fixed coupon schedule (including zero coupon and step-up or step-down bonds), and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).

SMB tracks the ICE Short AMT-Free Broad National Municipal Index.

No, SMB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SMB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SMB is -0.006%. This is the percent change in the value of SMB over the most recent 1-month period. The 3-month return on SMB is -0.0063%. This is the percent change in the value of SMB over the most recent 3-month period.

The standard deviation of SMB for the past year is 0.0273%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SMB include SUB, HYD, and CMF.

ETFs correlated to SMB include VTES, SCMB, and DFNM.

ETFs that are inversely correlated to SMB include TTT, TBT, and PST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.