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BKMS vs VSDM

BNY Mellon Municipal Short Duration ETF

BKMSCNasdaq

Vanguard Short Duration Tax-Exempt Bond ETF

VSDMACboe

Overlap

No data

Expense ratio

VSDM −0.23pt a year

BKMS0.35%VSDM0.12%

Avg volume · 30D

VSDM 3.4×the volume

BKMS75.2KVSDM258K

BKMS vs VSDM Performance

Jul 31, 2026 – Nov 2, 2026

+0.5%BKMS+0.5%VSDM

Jul 31, 2026 to Nov 2, 2026. BKMS +0.5%. VSDM +0.5%. Use the arrow keys to read each point.−2%−1.5%−1%−0.5%Jul 2026Sep 2026Nov 2026
Expense ratio
BKMS 0.35%
VSDM 0.12%, better
Fund size
BKMS $464M
VSDM $1.2B
1Y total return
BKMS No data
VSDM +2.1%
Yield (12M)
BKMS No data
VSDM 3.38%
Holdings
BKMS 260
VSDM 3315
Avg volume (30D)
BKMS 75.2K sh
VSDM 258K sh, better
NAV per share
BKMS $25.36
VSDM $75.79
52W range

ETF.net Grade

BKMS: Cost 11, Risk 29, Mission 100, Tradability 60, Holdings 67, Durability 65. VSDM: Cost 85, Risk 48, Mission 100, Tradability 79, Holdings 75, Durability 62.
Pillar letters and Scores for BKMS, VSDM, with each pillar’s weight
PillarBKMSVSDM
Cost30% weightF11A85Higher
Mission25% weightA100A100
Risk15% weightD29C48Higher
Tradability15% weightB60A79Higher
Holdings10% weightB67A75Higher
Durability5% weightB65HigherB62

Rank among Short-Duration Municipal Bonds funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BKMS and VSDM are both graded against the same 27 Short-Duration Municipal Bonds funds, so their Grades compare head to head.

Short-Duration Municipal Bonds⁠

Category · 27 funds
See all 27 ›

VSDM ranks 2nd and BKMS 26th of 27 funds in the Short-Duration Municipal Bonds Category.

  1. Rank 1AVTESVanguard Short-Term Tax-Exempt Bond ETFScore 81
  2. Rank 2ASUBiShares Short-Term National Muni Bond ETFScore 80
  3. Rank 2AVSDMVanguard Short Duration Tax-Exempt Bond ETFScore 80
  4. Rank 4ATAXSNorthern Trust Short-Term Tax-Exempt Bond ETFScore 77
  5. Rank 24CZMUNF/m Ultrashort Tax-Free Municipal ETFScore 52
  6. Rank 26CBKMSBNY Mellon Municipal Short Duration ETFScore 51
  7. Rank 27CSTAXNomura Tax-Free USA Short Term ETFScore 45

Our read on each fund

ETF.net Research

BKMSCBNY Mellon Municipal Short Duration ETF

VSDMAVanguard Short Duration Tax-Exempt Bond ETF

In short

BKMS A short-duration municipal bond portfolio with a track record that starts in 2000, now in an ETF wrapper. The idea: federally tax-exempt income from a couple hundred bonds, with maturities kept close in rather than stretched out.

VSDM No data

Stated mandate

BKMS The fund seeks to maximize current income exempt from federal income tax while preserving capital. It normally invests at least 80% of assets, plus investment borrowings, in tax-exempt municipal bonds.

VSDM No data

Why people hold it

  • BKMS The mandate is written down: at least 80% of assets in tax-exempt municipal bonds, aiming to maximize income exempt from federal income tax while preserving capital.
  • Short duration is the design choice. Keeping maturities close in mechanically dampens how much the portfolio's price moves when rates do, compared with long-dated muni funds.
  • The strategy dates to 2000, so it has run through multiple rate cycles rather than one.
  • Spread across roughly a couple hundred municipal bonds, so no single issuer carries the portfolio.

VSDM No data

Worth knowing

  • BKMS At 0.35%, the fee sits above the muni cohort median. Index heavyweights set a low bar here: VTEB at 0.03% and MUB at 0.05%.
  • Thinly traded next to the big muni ETFs, so the spread you cross on the way in and out can matter as much as the headline fee.
  • Distributions arrive on an irregular schedule rather than a fixed monthly one, which is worth knowing if you plan around income timing.

VSDM No data

Full BKMS profile⁠

Full VSDM profile⁠

BKMS vs VSDM Holdings

How BKMS and VSDM differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Asset classFixed Income100%
  • Countryby domicile99.9%

Sector

No Sector split for BKMS and VSDM.

Country, concentration and asset class

Country by domicile

Country weights in BKMS and VSDM, widest gap first
CountryMore in BKMSMore in VSDM
United StatesBKMS +0.1 points
GuamVSDM +0.1 points

Concentration

Weight in the 10 largest Holdings

  • BKMS13.8%
  • VSDM5.4%

Securities held

  • BKMS258
  • VSDM2,951

Asset class

BKMS
Fixed Income
VSDM
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. BKMS holds 258 securities, VSDM 2,951.

All 252 BKMS holdings⁠All VSDM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BKMS vs VSDM Cost

Overpaying BKMS vs VSDM

$4,606

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BKMS 0.35%

    $7,126

  • VSDM 0.12%

    $2,520

$10,000
30 years

Cost over time

  • BKMS 0.35%
  • VSDM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BKMS $7,126VSDM $2,520

Year by year

YearBKMSVSDMOverpaying
10$634$220$414
20$2,454$859$1,595
30$7,126$2,520$4,606

Expense ratio

  • 0.35%BKMS
  • 0.12%VSDM, cheaper
  • Middle half of Short-Duration Municipal Bonds funds
  • Median 0.21%

VSDM 5th cheapest of 27 funds

BKMS 23rd cheapest of 27 funds

BKMS vs VSDM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BKMS No data
VSDM 3.38%
Payout (12M)
BKMS No data
VSDM $2.56
Last payment
BKMS $0.06
VSDM $0.19
Ex-dividend
BKMS Nov 2, 2026
VSDM Nov 2, 2026
Paid on
BKMS Pays Nov 5, 2026
VSDM Pays Nov 4, 2026
Frequency
BKMS Monthly
VSDM Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

BKMSMonthly · 10 paymentsAll BKMS payments⁠
One bar per payment. 10 payments from 2024 to 2026 YTD. Feb 2, 2026 $0.04; Mar 2, 2026 $0.06; Apr 1, 2026 $0.06; May 1, 2026 $0.06; Jun 1, 2026 $0.06; Jul 1, 2026 $0.07; Aug 3, 2026 $0.08; Sep 1, 2026 $0.06; Oct 1, 2026 $0.06; Nov 2, 2026 $0.06. Use the arrow keys to read each point.$0$0.252026YTD
VSDMMonthly · 23 paymentsAll VSDM payments⁠
One bar per payment. 23 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.26; Feb 3, 2025 $0.20; Mar 3, 2025 $0.20; Apr 1, 2025 $0.16; May 1, 2025 $0.19; Jun 2, 2025 $0.20; Jul 1, 2025 $0.19; Aug 1, 2025 $0.19; Sep 2, 2025 $0.20; Oct 1, 2025 $0.20; Nov 3, 2025 $0.20; Dec 1, 2025 $0.20; Dec 18, 2025 $0.20; Feb 2, 2026 $0.19; Mar 2, 2026 $0.20; Apr 1, 2026 $0.20; May 1, 2026 $0.20; Jun 1, 2026 $0.20; Jul 1, 2026 $0.20; Aug 3, 2026 $0.20; Sep 1, 2026 $0.20; Oct 1, 2026 $0.19; Nov 2, 2026 $0.19. Use the arrow keys to read each point.$0$0.252026YTD

BKMS vs VSDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BKMS No dataVSDM 2.9%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
BKMS No dataVSDM −0.26since Dec 2024
Worst fallMax drawdown, 5 years
BKMS No dataVSDM −2.8%since Nov 2024
Market sensitivityBeta, 5 years
BKMS 0.23VSDM 0.09

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