VCEB vs SMMU

Comparison between VANGUARD ESG U.S. CORPORATE BOND ETF ETF SHARES (VCEB, ETF) and PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF).

5-Year PerformanceSMMU has outperformed VCEB, delivering a return of +1.9% compared to -0.0%

VCEB vs SMMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCEB(ETF)	SMMU(ETF)
Net Assets	$1.10B	$1.20B
Expense Ratio	0.12%	0.35%
Max Drawdown	24.44%	5.87%
Sharpe Ratio	-0.49	-0.92
5Y Beta	0.11	0.00
5Y Dividends CAGR	23.51%	25.78%

Net Assets

VCEB

$1.10B

Winner

SMMU

$1.20B

Expense Ratio

Winner

VCEB

0.12%

SMMU

0.35%

Max Drawdown

VCEB

24.44%

Winner

SMMU

5.87%

Sharpe Ratio

Winner

VCEB

-0.49

SMMU

-0.92

5Y Beta

VCEB

0.11

Winner

SMMU

0.00

5Y Dividends CAGR

VCEB

23.51%

Winner

SMMU

25.78%

VCEB vs SMMU - Historical Returns

Returns include dividend reinvestment.

Period	VCEB	SMMU
1 month	-0.51%	+0.07%
3 months	-0.43%	+0.51%
6 months	-0.95%	+0.52%
1 year	+1.75%	+2.71%
5 years(CAGR)	-0.01%	+1.93%
10 years(CAGR)	N/A	+1.81%
Max(CAGR)	+0.20%	+1.52%

VCEB

-0.51%

Winner

SMMU

+0.07%

VCEB

-0.43%

Winner

SMMU

+0.51%

VCEB

-0.95%

Winner

SMMU

+0.52%

VCEB

+1.75%

Winner

SMMU

+2.71%

5Y(CAGR)

VCEB

-0.01%

Winner

SMMU

+1.93%

10Y(CAGR)

VCEB

N/A

SMMU

+1.81%

Max(CAGR)

VCEB

+0.20%

Winner

SMMU

+1.52%

VCEB vs SMMU - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	VCEB	SMMU
2026	-0.34%	+1.25%
2025	+7.51%	+4.06%
2024	+2.80%	+2.65%
2023	+8.06%	+4.19%
2022	-14.42%	-2.49%
2021	-1.47%	+0.18%
2020	+2.46%	+2.85%
2019	N/A	+3.34%
2018	N/A	+1.45%
2017	N/A	+1.72%
2016	N/A	-0.96%
2015	N/A	+0.97%
2014	N/A	+0.38%
2013	N/A	+0.15%
2012	N/A	+1.19%
2011	N/A	+1.90%
2010	N/A	+0.74%

VCEB vs SMMU Drawdown Comparison

The maximum drawdown for VCEB was -21.60%, occurring on Oct 20, 2022. Recovery took 1284 trading sessions.

The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.

The current VCEB drawdown is -1.78%. The current SMMU drawdown is -0.04%.

Rank	VCEB	SMMU
#1	-21.60% Dec 31, 2020 - Feb 12, 2026	-5.09% Mar 9, 2020 - Jun 4, 2020
#2	-2.82% Feb 26, 2026 - Mar 27, 2026	-4.76% Aug 3, 2021 - Nov 22, 2023
#3	-1.08% Nov 30, 2020 - Dec 30, 2020	-3.53% Aug 31, 2016 - Apr 21, 2017
#4	-1.06% Nov 5, 2020 - Nov 18, 2020	-1.95% Apr 4, 2025 - Jun 5, 2025
#5	-1.01% Oct 14, 2020 - Nov 4, 2020	-1.87% Apr 19, 2013 - Feb 28, 2014
#6	-0.41% Oct 1, 2020 - Oct 12, 2020	-1.43% Sep 29, 2010 - May 16, 2011
#7	-0.19% Nov 19, 2020 - Nov 27, 2020	-1.31% Sep 5, 2017 - Jul 23, 2018
#8	-0.12% Feb 20, 2026 - Feb 26, 2026	-1.04% Oct 2, 2024 - Dec 3, 2024
#9	-0.11% Sep 24, 2020 - Sep 28, 2020	-1.04% Jun 6, 2017 - Aug 21, 2017
#10	-0.07% Feb 13, 2026 - Feb 19, 2026	-0.98% Dec 6, 2024 - Feb 4, 2025
#11	-0.05% Sep 28, 2020 - Oct 1, 2020	-0.84% Aug 19, 2019 - Dec 13, 2019
#12	N/A	-0.78% Sep 10, 2018 - Dec 6, 2018
#13	N/A	-0.77% Feb 27, 2026 - Jun 11, 2026
#14	N/A	-0.71% Aug 3, 2011 - Aug 18, 2011
#15	N/A	-0.68% Mar 13, 2024 - May 15, 2024

Correlation

Correlation between VCEB and SMMU is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.64

-101

Dividend Comparison (2010 - 2026)

VCEB vs SMMU dividend yield comparison.

Year	VCEB	SMMU
2026	2.82%	1.67%
2025	4.57%	2.80%
2024	4.47%	3.03%
2023	3.70%	2.79%
2022	2.84%	1.37%
2021	1.69%	0.60%
2020	0.43%	1.19%
2019	0.00%	1.82%
2018	0.00%	1.57%
2017	0.00%	1.41%
2016	0.00%	1.03%
2015	0.00%	0.89%
2014	0.00%	0.67%
2013	0.00%	0.50%
2012	0.00%	1.05%
2011	0.00%	1.04%
2010	0.00%	1.05%