SMB Performance — VanEck Short Muni ETF
Data updated: 2026-09-25
SMB returned +0.70% year to date and +2.23% over one year to Jul 2026. Annualised returns are +3.11% over 3 years and +1.07% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $110, against $110 for the category, and to $102 over one year, against $103. Volatility over the past three years was 2.08% a year. In the 12 months to Jul 2026 the fund took in a net $32.9M, and assets reached $311.47M.
SMB Growth of $100
What $100 invested in VanEck Short Muni ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | SMB | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $105 | $108 |
| Since data start (Aug 2019 – Jul 2026) | $110 | $112 |
SMB Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.70% |
| 1 year | +2.23% |
| 3 years (annualised) | +3.11% |
| 5 years (annualised) | +1.07% |
SMB Annual Returns
Calendar-year total returns of VanEck Short Muni ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.70% |
| 2025 | +4.15% |
| 2024 | +2.12% |
| 2023 | +3.46% |
| 2022 | −4.31% |
| 2021 | +0.23% |
| 2020 | +3.22% |
| 2019 (Aug–Dec) | +0.32% |
SMB Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.6% | −1.0% | +0.4% | +0.2% | +0.3% | −0.5% | — | — | — | — | — |
| 2025 | +0.5% | +0.5% | −0.2% | −0.2% | +0.6% | +0.7% | +0.6% | +0.6% | +0.4% | 0.0% | 0.0% | +0.5% |
| 2024 | −0.1% | +0.1% | −0.1% | −0.3% | −0.1% | +0.8% | +0.8% | +0.9% | +0.5% | −0.5% | +0.5% | −0.3% |
| 2023 | +1.3% | −1.3% | +1.4% | −0.4% | −0.5% | +0.5% | +0.2% | −0.1% | −0.9% | 0.0% | +2.3% | +1.0% |
| 2022 | −1.8% | −0.4% | −1.8% | −1.3% | +1.2% | −0.2% | +1.3% | −1.4% | −1.8% | 0.0% | +1.8% | +0.1% |
| 2021 | +0.5% | −0.8% | +0.3% | +0.4% | 0.0% | 0.0% | +0.4% | −0.1% | −0.4% | −0.1% | +0.1% | 0.0% |
| 2020 | +1.0% | +0.4% | −1.9% | −0.1% | +2.4% | +0.4% | +0.7% | −0.1% | 0.0% | −0.1% | +0.5% | +0.1% |
| 2019 | — | — | — | — | — | — | — | +0.3% | −0.5% | +0.4% | +0.2% | +0.1% |
SMB Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.08%
- 3-year Sharpe ratio: -0.67 (vs 4.5% risk-free rate)
- Best month: +2.31% (Nov 2023)
- Worst month: −0.99% (Mar 2026)
SMB Fund Flows
Monthly money in and out of VanEck Short Muni ETF, from SEC Form N-PORT.
- 12-month net flow: $32.9M
- 12-month gross sales (incl. reinvestments): $36.4M
- Sales ÷ redemptions: 10.47×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $0 | $0 | $0 |
| Jun 2026 | $8.7M | $0 | $8.7M |
| May 2026 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $4.3M | $0 | $4.3M |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $8.7M | $3.5M | $5.2M |
| Dec 2025 | $3.5M | $0 | $3.5M |
| Nov 2025 | $1.7M | $0 | $1.7M |
| Oct 2025 | $4.3M | $0 | $4.3M |
| Sep 2025 | $872K | $0 | $872K |
| Aug 2025 | $4.3M | $0 | $4.3M |
SMB Assets Under Management
Net assets of VanEck Short Muni ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $311.47M |
| 2026-04-30 | $304.65M |
| 2026-01-31 | $302.59M |
| 2025-10-31 | $290.65M |
| 2025-07-31 | $280.29M |
| 2025-04-30 | $264.88M |
| 2025-01-31 | $273.90M |
| 2024-10-31 | $265.87M |
| 2024-07-31 | $259.19M |
| 2024-04-30 | $253.46M |
| 2024-01-31 | $251.58M |
| 2023-10-31 | $241.69M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.