{
  "page": "compare",
  "query": {
    "a": "FMUN",
    "b": "VTEC"
  },
  "retrieved_at": "2026-07-07T18:44:11+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Fidelity Systematic Municipal Bond Index ETF",
    "ticker": "FMUN",
    "slug": "FMUN",
    "series_id": "S000089371",
    "html_url": "https://fundwatcher.app/funds/FMUN/"
  },
  "fund_b": {
    "name": "VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF",
    "ticker": "VTEC",
    "slug": "VTEC",
    "series_id": "S000083730",
    "html_url": "https://fundwatcher.app/funds/VTEC/"
  },
  "overlap": {
    "coverage_a_by_b": "0.04530065424917231378754955123",
    "coverage_b_by_a": "0.04530065424917231378754955122",
    "shared_count": 164,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB",
        "value": "4058489.71",
        "weight": "0.02298928",
        "shared": false
      },
      {
        "name": "Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A",
        "value": "1619169.47",
        "weight": "0.00917177",
        "shared": false
      },
      {
        "name": "Salt River Project Agricultural Improvement & Power District, Series 2016 A, Ref. RB",
        "value": "1519599.18",
        "weight": "0.00860776",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "1110288.50",
        "weight": "0.00628922",
        "shared": true
      },
      {
        "name": "MAIN STR NAT GA 4% 9/1/2052",
        "value": "1009830.40",
        "weight": "0.00572018",
        "shared": false
      },
      {
        "name": "Pennsylvania Turnpike Commission, Series 2024",
        "value": "929501.52",
        "weight": "0.00526515",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "922416.48",
        "weight": "0.00522502",
        "shared": true
      },
      {
        "name": "Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B",
        "value": "873289.75",
        "weight": "0.00494674",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX",
        "value": "844628.15",
        "weight": "0.00478439",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2024B",
        "value": "837874.60",
        "weight": "0.00474613",
        "shared": false
      },
      {
        "name": "NY TRANS CORP 5.375% 6/30/2060 @",
        "value": "787838.88",
        "weight": "0.00446271",
        "shared": false
      },
      {
        "name": "MAIN STR NAT GA 5% MT",
        "value": "741772.99",
        "weight": "0.00420177",
        "shared": false
      },
      {
        "name": "BLACK BELT-SER-C",
        "value": "721226.02",
        "weight": "0.00408538",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "709699.60",
        "weight": "0.00402009",
        "shared": true
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB",
        "value": "678168.24",
        "weight": "0.00384148",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-C",
        "value": "658465.26",
        "weight": "0.00372987",
        "shared": true
      },
      {
        "name": "NY MTA TRANSP 5% 11/15/2052",
        "value": "657438.02",
        "weight": "0.00372405",
        "shared": false
      },
      {
        "name": "NY TRANS FIN AUTH-E",
        "value": "638084.29",
        "weight": "0.00361442",
        "shared": false
      },
      {
        "name": "CO ST HLTH FACS AUTH",
        "value": "634567.34",
        "weight": "0.00359450",
        "shared": false
      },
      {
        "name": "NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE",
        "value": "630619.26",
        "weight": "0.00357214",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District, Series D",
        "value": "603112.33",
        "weight": "0.00341632",
        "shared": false
      },
      {
        "name": "PORT NY NJ 5% 10/15/2034 AMT",
        "value": "588173.53",
        "weight": "0.00333170",
        "shared": false
      },
      {
        "name": "STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-55",
        "value": "582007.51",
        "weight": "0.00329678",
        "shared": false
      },
      {
        "name": "NJ TRANSPRTN TRUST-BB",
        "value": "572537.02",
        "weight": "0.00324313",
        "shared": false
      },
      {
        "name": "WI PUBTRN 5.75 12/31/2065",
        "value": "571468.91",
        "weight": "0.00323708",
        "shared": false
      },
      {
        "name": "NYC WTR 5.25% 6/15/53",
        "value": "563912.28",
        "weight": "0.00319428",
        "shared": false
      },
      {
        "name": "SLT LAKE U 5% 7/1/2029 @",
        "value": "537197.54",
        "weight": "0.00304295",
        "shared": false
      },
      {
        "name": "NY STATE UR D 5% 3/15/2036",
        "value": "535665.25",
        "weight": "0.00303427",
        "shared": false
      },
      {
        "name": "South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB",
        "value": "533528.37",
        "weight": "0.00302217",
        "shared": false
      },
      {
        "name": "Black Belt Energy Gas District (The), Series 2023 B, RB",
        "value": "522996.45",
        "weight": "0.00296251",
        "shared": false
      },
      {
        "name": "STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 4.0% 03-15-54",
        "value": "520744.42",
        "weight": "0.00294975",
        "shared": false
      },
      {
        "name": "WA ST 5% 8/1/2046",
        "value": "510647.67",
        "weight": "0.00289256",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "509202.12",
        "weight": "0.00288437",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST-1ST",
        "value": "506195.45",
        "weight": "0.00286734",
        "shared": false
      },
      {
        "name": "State of Connecticut, Series 2019A",
        "value": "505964.74",
        "weight": "0.00286603",
        "shared": false
      },
      {
        "name": "NYC NY 5.25% 10/1/47",
        "value": "504792.85",
        "weight": "0.00285939",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE",
        "value": "495640.99",
        "weight": "0.00280755",
        "shared": false
      },
      {
        "name": "SAN DIEGO REGL -A",
        "value": "489906.11",
        "weight": "0.00277507",
        "shared": true
      },
      {
        "name": "NYC TRANS FIN AUTH-A1",
        "value": "482804.52",
        "weight": "0.00273484",
        "shared": false
      },
      {
        "name": "ALLGNY CNTY HDA 5% 7/15/2032",
        "value": "476025.03",
        "weight": "0.00269644",
        "shared": false
      },
      {
        "name": "STATE OF NEW JERSEY 5.0% 06-15-43",
        "value": "473615.13",
        "weight": "0.00268279",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX",
        "value": "471176.14",
        "weight": "0.00266897",
        "shared": false
      },
      {
        "name": "ALLEG PA ARPT 5% 1/1/2051 @",
        "value": "464070.93",
        "weight": "0.00262873",
        "shared": false
      },
      {
        "name": "PORT NY NJ 5% 9/1/2028 @",
        "value": "462481.18",
        "weight": "0.00261972",
        "shared": false
      },
      {
        "name": "NYC TRANSITIONAL FIN",
        "value": "460803.20",
        "weight": "0.00261022",
        "shared": false
      },
      {
        "name": "State of Minnesota, Series 2021A",
        "value": "459985.66",
        "weight": "0.00260558",
        "shared": false
      },
      {
        "name": "NYC NY 5% 9/1/2048",
        "value": "456320.49",
        "weight": "0.00258482",
        "shared": false
      },
      {
        "name": "IL ST TOLL HWY -A-REF",
        "value": "454131.68",
        "weight": "0.00257243",
        "shared": false
      },
      {
        "name": "JEA FL WTSW 3% 10/1/2036",
        "value": "448224.06",
        "weight": "0.00253896",
        "shared": false
      },
      {
        "name": "OK TPK AUTH-A",
        "value": "440037.29",
        "weight": "0.00249259",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Southern California Public Power Authority, Series A",
        "value": "12900000.00",
        "weight": "0.00593245",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "11969705.81",
        "weight": "0.00550462",
        "shared": true
      },
      {
        "name": "Bay Area Toll Authority, Series 2026A",
        "value": "11189454.08",
        "weight": "0.00514580",
        "shared": false
      },
      {
        "name": "Irvine Ranch Water District, Series 2009 A, VRD RB",
        "value": "7025000.00",
        "weight": "0.00323065",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "7016222.88",
        "weight": "0.00322662",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "7001515.58",
        "weight": "0.00321985",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2023 A, VRD Ref. RB",
        "value": "6715000.00",
        "weight": "0.00308809",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "6498887.63",
        "weight": "0.00298870",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2025A",
        "value": "5915630.75",
        "weight": "0.00272048",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 03-01-36",
        "value": "5429087.77",
        "weight": "0.00249673",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000",
        "value": "5398270.88",
        "weight": "0.00248255",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "5264772.16",
        "weight": "0.00242116",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000",
        "value": "5181982.25",
        "weight": "0.00238309",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-1",
        "value": "5131980.25",
        "weight": "0.00236009",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA",
        "value": "5127317.08",
        "weight": "0.00235795",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO USD",
        "value": "5004645.00",
        "weight": "0.00230153",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA",
        "value": "4867361.96",
        "weight": "0.00223840",
        "shared": false
      },
      {
        "name": "IRVINE CA IMPT BOND ACT 1915",
        "value": "4800000.00",
        "weight": "0.00220742",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "4611571.77",
        "weight": "0.00212077",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL",
        "value": "4248486.69",
        "weight": "0.00195379",
        "shared": false
      },
      {
        "name": "BAY AREA TOLL AUTHORITY FRN 04-01-55",
        "value": "4240000.00",
        "weight": "0.00194989",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-C",
        "value": "4196892.66",
        "weight": "0.00193006",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "4183063.26",
        "weight": "0.00192370",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "4171519.58",
        "weight": "0.00191840",
        "shared": true
      },
      {
        "name": "State of California",
        "value": "4160235.12",
        "weight": "0.00191321",
        "shared": false
      },
      {
        "name": "BAY AREA CA TOLL AUTH",
        "value": "4104719.55",
        "weight": "0.00188768",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "4086396.19",
        "weight": "0.00187925",
        "shared": false
      },
      {
        "name": "IRVINE WTR-RF-A1-VAR",
        "value": "3800000.00",
        "weight": "0.00174754",
        "shared": false
      },
      {
        "name": "BAY AREA TOLL AUTHORI VAR",
        "value": "3710401.42",
        "weight": "0.00170634",
        "shared": false
      },
      {
        "name": "University of California, Series 2024 BW, Ref. RB",
        "value": "3699673.35",
        "weight": "0.00170140",
        "shared": false
      },
      {
        "name": "Toll Road Sr Lien Refunding RB Series 2021A",
        "value": "3677193.00",
        "weight": "0.00169107",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "3638571.95",
        "weight": "0.00167330",
        "shared": false
      },
      {
        "name": "San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB",
        "value": "3636255.10",
        "weight": "0.00167224",
        "shared": false
      },
      {
        "name": "Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C",
        "value": "3614939.17",
        "weight": "0.00166244",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "3542279.25",
        "weight": "0.00162902",
        "shared": false
      },
      {
        "name": "State of California 5.00% 03/01/2055",
        "value": "3528920.95",
        "weight": "0.00162288",
        "shared": false
      },
      {
        "name": "Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024, GO Bonds",
        "value": "3523651.69",
        "weight": "0.00162046",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 10-01-35",
        "value": "3518668.50",
        "weight": "0.00161816",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "3498030.24",
        "weight": "0.00160867",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "3451242.45",
        "weight": "0.00158716",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 04-01-29",
        "value": "3449275.88",
        "weight": "0.00158625",
        "shared": true
      },
      {
        "name": "State of California, Series 2007",
        "value": "3411058.83",
        "weight": "0.00156868",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-B",
        "value": "3326626.74",
        "weight": "0.00152985",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2023QRR",
        "value": "3306085.12",
        "weight": "0.00152040",
        "shared": false
      },
      {
        "name": "Santa Monica Community College District, Series 2018A",
        "value": "3271269.27",
        "weight": "0.00150439",
        "shared": false
      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "3254236.82",
        "weight": "0.00149656",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000",
        "value": "3231820.82",
        "weight": "0.00148625",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA",
        "value": "3182681.10",
        "weight": "0.00146365",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "3179630.71",
        "weight": "0.00146225",
        "shared": false
      },
      {
        "name": "Sacramento Municipal Utility District, Series 2025F",
        "value": "3103185.81",
        "weight": "0.00142709",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000035402-26-003446",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1562565/000003540226003446/0000035402-26-003446-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000783401-26-000072",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/783401/000078340126000072/0000783401-26-000072-index.htm"
    }
  ]
}