{
  "page": "compare",
  "query": {
    "a": "FMUN",
    "b": "VTEL"
  },
  "retrieved_at": "2026-07-07T17:16:53+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 LONG-TERM TAX-EXEMPT BOND ETF",
    "ticker": "VTEL",
    "slug": "VTEL",
    "series_id": "S000092428",
    "html_url": "https://fundwatcher.app/funds/VTEL/"
  },
  "overlap": {
    "coverage_a_by_b": "0.06227590960756844466412994587",
    "coverage_b_by_a": "0.06227590960756844466412994589",
    "shared_count": 235,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-01-31"
    },
    "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": false
      },
      {
        "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": false
      },
      {
        "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": true
      },
      {
        "name": "State of Illinois, Series 2024B",
        "value": "837874.60",
        "weight": "0.00474613",
        "shared": true
      },
      {
        "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": false
      },
      {
        "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": false
      },
      {
        "name": "NY MTA TRANSP 5% 11/15/2052",
        "value": "657438.02",
        "weight": "0.00372405",
        "shared": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": "Vanguard Municipal Cash Management Fund",
        "value": "1852152.79",
        "weight": "0.00928688",
        "shared": false
      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "522483.08",
        "weight": "0.00261978",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "484063.76",
        "weight": "0.00242715",
        "shared": true
      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "414887.21",
        "weight": "0.00208029",
        "shared": false
      },
      {
        "name": "BATTERY PK REV 5% 11/1/2053",
        "value": "312056.97",
        "weight": "0.00156469",
        "shared": true
      },
      {
        "name": "NY MTA TRANSP 5% 11/15/2050",
        "value": "308760.77",
        "weight": "0.00154816",
        "shared": false
      },
      {
        "name": "MIAMI-DADE WTSW 4% 10/1/49",
        "value": "307902.44",
        "weight": "0.00154385",
        "shared": false
      },
      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2017 B, RB",
        "value": "304764.06",
        "weight": "0.00152812",
        "shared": true
      },
      {
        "name": "NY CITY TRANS FIN-F-1",
        "value": "299386.12",
        "weight": "0.00150115",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "275492.95",
        "weight": "0.00138135",
        "shared": false
      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "265073.44",
        "weight": "0.00132911",
        "shared": false
      },
      {
        "name": "Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB",
        "value": "263771.87",
        "weight": "0.00132258",
        "shared": false
      },
      {
        "name": "NY TRANS FIN AUTH-C",
        "value": "262219.60",
        "weight": "0.00131480",
        "shared": false
      },
      {
        "name": "IN MUNI PWR AGY-A-REF",
        "value": "261601.52",
        "weight": "0.00131170",
        "shared": false
      },
      {
        "name": "NY TRANS FIN AUTH-C",
        "value": "257928.93",
        "weight": "0.00129328",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA TURNPIKE COMMISSION 5.0% 12-01-41",
        "value": "256429.84",
        "weight": "0.00128577",
        "shared": false
      },
      {
        "name": "Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2022, Ref. RB",
        "value": "256293.00",
        "weight": "0.00128508",
        "shared": false
      },
      {
        "name": "GRAND PKWY TRANSPRTN",
        "value": "251938.35",
        "weight": "0.00126324",
        "shared": false
      },
      {
        "name": "STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 06-15-50",
        "value": "249266.10",
        "weight": "0.00124985",
        "shared": false
      },
      {
        "name": "NJ TRANSPRTN TRUST-A",
        "value": "247367.84",
        "weight": "0.00124033",
        "shared": false
      },
      {
        "name": "ILL ST TOLL 5% 1/1/45",
        "value": "244996.97",
        "weight": "0.00122844",
        "shared": true
      },
      {
        "name": "San Diego County Regional Airport Authority, Series 2017 A",
        "value": "238037.47",
        "weight": "0.00119354",
        "shared": true
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "236407.64",
        "weight": "0.00118537",
        "shared": false
      },
      {
        "name": "CA ST PUB WKS-C-REF",
        "value": "236334.43",
        "weight": "0.00118500",
        "shared": false
      },
      {
        "name": "MA CMNWLTH-SER B",
        "value": "235587.34",
        "weight": "0.00118126",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5",
        "value": "234035.17",
        "weight": "0.00117348",
        "shared": false
      },
      {
        "name": "UNIV OF MICHIGAN MI",
        "value": "230762.86",
        "weight": "0.00115707",
        "shared": false
      },
      {
        "name": "Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.",
        "value": "230744.76",
        "weight": "0.00115698",
        "shared": false
      },
      {
        "name": "NEW YORK MUNI-AA-1",
        "value": "226949.27",
        "weight": "0.00113795",
        "shared": false
      },
      {
        "name": "TX WTR DEV BRD",
        "value": "225573.55",
        "weight": "0.00113105",
        "shared": false
      },
      {
        "name": "Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB",
        "value": "224530.44",
        "weight": "0.00112582",
        "shared": false
      },
      {
        "name": "FORT LAUDERDALE FL WTR & SWR REVENUE",
        "value": "221676.16",
        "weight": "0.00111151",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 08-01-37",
        "value": "219468.03",
        "weight": "0.00110044",
        "shared": false
      },
      {
        "name": "NYC TRANSITIONAL-F-1",
        "value": "218140.06",
        "weight": "0.00109378",
        "shared": false
      },
      {
        "name": "NYC NY 5% 4/1/2041",
        "value": "217240.66",
        "weight": "0.00108927",
        "shared": false
      },
      {
        "name": "STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-55",
        "value": "216555.40",
        "weight": "0.00108583",
        "shared": false
      },
      {
        "name": "STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-36",
        "value": "216101.53",
        "weight": "0.00108356",
        "shared": false
      },
      {
        "name": "ENERGY NW/WPPS 5% 7/1/2037",
        "value": "213856.46",
        "weight": "0.00107230",
        "shared": false
      },
      {
        "name": "STATE OF ILLINOIS S 5.00%",
        "value": "213107.75",
        "weight": "0.00106854",
        "shared": true
      },
      {
        "name": "NYC WTR 5% 6/15/2041",
        "value": "213087.86",
        "weight": "0.00106844",
        "shared": true
      },
      {
        "name": "NYC WTR 5% 6/15/2045",
        "value": "210865.16",
        "weight": "0.00105730",
        "shared": false
      },
      {
        "name": "Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1",
        "value": "210528.59",
        "weight": "0.00105561",
        "shared": false
      },
      {
        "name": "Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2021 B, Ref. RB",
        "value": "207510.65",
        "weight": "0.00104048",
        "shared": false
      },
      {
        "name": "SPRING TX INDEP SCH DIST",
        "value": "207272.84",
        "weight": "0.00103929",
        "shared": false
      },
      {
        "name": "STATE OF NEW JERSEY 5.0% 06-15-40",
        "value": "206624.06",
        "weight": "0.00103603",
        "shared": false
      },
      {
        "name": "NY TRANS FIN AUTH-D-1",
        "value": "206526.46",
        "weight": "0.00103554",
        "shared": false
      },
      {
        "name": "NYC TRANS FIN-S-3",
        "value": "205848.52",
        "weight": "0.00103215",
        "shared": false
      },
      {
        "name": "NYC NY 5% 8/1/2047",
        "value": "205541.70",
        "weight": "0.00103061",
        "shared": false
      },
      {
        "name": "MANSFIELD TX INDEP SCH DIST",
        "value": "205490.45",
        "weight": "0.00103035",
        "shared": false
      },
      {
        "name": "HUDSON YARDS NY 4% 2/15/44",
        "value": "205238.79",
        "weight": "0.00102909",
        "shared": true
      }
    ]
  },
  "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": "0000225997-26-000119",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/225997/000022599726000119/0000225997-26-000119-index.htm"
    }
  ]
}