{
  "page": "compare",
  "query": {
    "a": "VTES",
    "b": "BSMR"
  },
  "retrieved_at": "2026-07-07T19:20:34+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": "VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF",
    "ticker": "VTES",
    "slug": "VTES",
    "series_id": "S000079862",
    "html_url": "https://fundwatcher.app/funds/VTES/"
  },
  "fund_b": {
    "name": "Invesco BulletShares 2027 Municipal Bond ETF",
    "ticker": "BSMR",
    "slug": "BSMR",
    "series_id": "S000062849",
    "html_url": "https://fundwatcher.app/funds/BSMR/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1288501884104528173027002080",
    "coverage_b_by_a": "0.1288501884104528173027002084",
    "shared_count": 552,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "Vanguard Municipal Cash Management Fund",
        "value": "37119715.28",
        "weight": "0.02104382",
        "shared": false
      },
      {
        "name": "NYC TRANSITIONAL-G-1",
        "value": "5579487.99",
        "weight": "0.00316311",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST-REF",
        "value": "5144182.51",
        "weight": "0.00291633",
        "shared": false
      },
      {
        "name": "NEW JERSEY ST ECON DEV AUTH REVENUE",
        "value": "4716633.74",
        "weight": "0.00267394",
        "shared": true
      },
      {
        "name": "Dallas Independent School District, Series 2026B",
        "value": "4711695.21",
        "weight": "0.00267114",
        "shared": false
      },
      {
        "name": "State of Illinois, Series D",
        "value": "4600417.63",
        "weight": "0.00260806",
        "shared": true
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "4499714.15",
        "weight": "0.00255097",
        "shared": false
      },
      {
        "name": "New Jersey Transportation Trust Fund Authority, Series 2016A1",
        "value": "4353111.50",
        "weight": "0.00246786",
        "shared": false
      },
      {
        "name": "Wyandotte County Unified School District No. 500, Series A",
        "value": "4062171.20",
        "weight": "0.00230292",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-1",
        "value": "4010454.81",
        "weight": "0.00227360",
        "shared": false
      },
      {
        "name": "CA REGENTS UNIV-CD",
        "value": "3777306.05",
        "weight": "0.00214142",
        "shared": false
      },
      {
        "name": "OH WTR DEV AUTH",
        "value": "3771993.42",
        "weight": "0.00213841",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "3557785.20",
        "weight": "0.00201697",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series A",
        "value": "3440229.68",
        "weight": "0.00195033",
        "shared": false
      },
      {
        "name": "NEW YORK-G-G-1",
        "value": "3354158.15",
        "weight": "0.00190153",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3300507.30",
        "weight": "0.00187112",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2025A",
        "value": "3267232.23",
        "weight": "0.00185225",
        "shared": false
      },
      {
        "name": "OHIO WTR DEV AUTH-A",
        "value": "3237345.03",
        "weight": "0.00183531",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2026A",
        "value": "3221295.38",
        "weight": "0.00182621",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3218080.10",
        "weight": "0.00182439",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3175907.07",
        "weight": "0.00180048",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-C",
        "value": "3120202.92",
        "weight": "0.00176890",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "3117976.27",
        "weight": "0.00176764",
        "shared": false
      },
      {
        "name": "UNIV OF TEXAS UNIV-A",
        "value": "3040289.04",
        "weight": "0.00172359",
        "shared": false
      },
      {
        "name": "NJ TPK AUTH-B",
        "value": "3018443.11",
        "weight": "0.00171121",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST",
        "value": "2939802.69",
        "weight": "0.00166663",
        "shared": false
      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "2930219.25",
        "weight": "0.00166119",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "2885991.58",
        "weight": "0.00163612",
        "shared": false
      },
      {
        "name": "Virginia Public Building Authority, Series 2021A-1",
        "value": "2822491.72",
        "weight": "0.00160012",
        "shared": false
      },
      {
        "name": "UNIV OF PITTSBURGH PA OF THE C REGD B/E 5.00000000",
        "value": "2820620.57",
        "weight": "0.00159906",
        "shared": false
      },
      {
        "name": "State of California, Series 2023",
        "value": "2819496.24",
        "weight": "0.00159842",
        "shared": false
      },
      {
        "name": "WI ST GF APP 5% 5/1/2026Q",
        "value": "2768030.60",
        "weight": "0.00156925",
        "shared": false
      },
      {
        "name": "NEW YORK CITY-C-REF",
        "value": "2752617.15",
        "weight": "0.00156051",
        "shared": false
      },
      {
        "name": "KY ST PROP 5% 11/1/2027",
        "value": "2708675.87",
        "weight": "0.00153560",
        "shared": true
      },
      {
        "name": "State of California, Series 2007",
        "value": "2706727.57",
        "weight": "0.00153449",
        "shared": false
      },
      {
        "name": "WASHINGTON ST WAS 07/26 FIXED 4",
        "value": "2666511.62",
        "weight": "0.00151169",
        "shared": false
      },
      {
        "name": "State of North Carolina, Series 2019",
        "value": "2612918.10",
        "weight": "0.00148131",
        "shared": false
      },
      {
        "name": "SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS",
        "value": "2600000.00",
        "weight": "0.00147399",
        "shared": false
      },
      {
        "name": "CT HLTH & EDUCTNL-B-2",
        "value": "2587978.35",
        "weight": "0.00146717",
        "shared": false
      },
      {
        "name": "DE VLY FIN -A",
        "value": "2534535.97",
        "weight": "0.00143687",
        "shared": false
      },
      {
        "name": "NJ TRANSPRTN TRUST-A",
        "value": "2533376.76",
        "weight": "0.00143622",
        "shared": false
      },
      {
        "name": "GREAT LAKES WTR AUTH-",
        "value": "2532994.86",
        "weight": "0.00143600",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-2",
        "value": "2518462.75",
        "weight": "0.00142776",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "2513774.22",
        "weight": "0.00142510",
        "shared": true
      },
      {
        "name": "State of Maryland",
        "value": "2506462.86",
        "weight": "0.00142096",
        "shared": false
      },
      {
        "name": "NEW YORK MUNI WTR-AA2",
        "value": "2493053.78",
        "weight": "0.00141336",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 04-01-29",
        "value": "2472344.90",
        "weight": "0.00140162",
        "shared": false
      },
      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2021A",
        "value": "2368576.19",
        "weight": "0.00134279",
        "shared": false
      },
      {
        "name": "State of California, Series 2017",
        "value": "2367852.38",
        "weight": "0.00134238",
        "shared": false
      },
      {
        "name": "GUILFORD CO",
        "value": "2364486.68",
        "weight": "0.00134047",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "State of Illinois, Series C",
        "value": "1593052.98",
        "weight": "0.00506514",
        "shared": true
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "1079252.30",
        "weight": "0.00343150",
        "shared": true
      },
      {
        "name": "New York (City of), NY Municipal Water Finance Authority, Series 2018 DD-2, Ref. RB",
        "value": "1037008.20",
        "weight": "0.00329719",
        "shared": false
      },
      {
        "name": "NYC TRANS FIN-A-E-1",
        "value": "1034774.33",
        "weight": "0.00329008",
        "shared": false
      },
      {
        "name": "County of Clark, Series 2017",
        "value": "1025993.53",
        "weight": "0.00326216",
        "shared": false
      },
      {
        "name": "Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB",
        "value": "1012409.22",
        "weight": "0.00321897",
        "shared": false
      },
      {
        "name": "HUDSON YARDS NY 5% 2/15/39",
        "value": "981375.36",
        "weight": "0.00312030",
        "shared": false
      },
      {
        "name": "TX WTR DEV BRD-A",
        "value": "832352.73",
        "weight": "0.00264648",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "831121.71",
        "weight": "0.00264257",
        "shared": false
      },
      {
        "name": "Houston (City of), TX, Series 2017 B, Ref. RB",
        "value": "830844.86",
        "weight": "0.00264169",
        "shared": false
      },
      {
        "name": "State of California, Various Purpose",
        "value": "800705.30",
        "weight": "0.00254586",
        "shared": true
      },
      {
        "name": "NEW YORK ST DR 5% 7/1/2041",
        "value": "727192.51",
        "weight": "0.00231212",
        "shared": false
      },
      {
        "name": "Maryland (State of) Health & Higher Educational Facilities Authority (University of Maryland Medical System), Series 2017 B, Ref. RB",
        "value": "721386.59",
        "weight": "0.00229366",
        "shared": false
      },
      {
        "name": "State of Oregon, Series 2017A",
        "value": "714567.98",
        "weight": "0.00227198",
        "shared": false
      },
      {
        "name": "State of Illinois, Series D",
        "value": "704269.55",
        "weight": "0.00223924",
        "shared": true
      },
      {
        "name": "Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Third Series 2017",
        "value": "696048.05",
        "weight": "0.00221310",
        "shared": false
      },
      {
        "name": "ANAHEIM HSG & PUB-A",
        "value": "681792.51",
        "weight": "0.00216777",
        "shared": false
      },
      {
        "name": "MINNESOTA ST REGD B/E 5.00000000",
        "value": "667370.94",
        "weight": "0.00212192",
        "shared": false
      },
      {
        "name": "New York City Transitional Finance Authority Future Tax Secured, Series 2023B-1",
        "value": "666020.00",
        "weight": "0.00211762",
        "shared": true
      },
      {
        "name": "Virginia (Commonwealth of) Public Building Authority, Series 2017 A, Ref. RB",
        "value": "639503.13",
        "weight": "0.00203331",
        "shared": false
      },
      {
        "name": "CITY OF CHICAGO IL WATERWORKS REVENUE AG 5.0% 11-01-33",
        "value": "639396.87",
        "weight": "0.00203297",
        "shared": false
      },
      {
        "name": "Washington (State of), Series R-2018D, Ref. GO Bonds",
        "value": "635029.70",
        "weight": "0.00201909",
        "shared": true
      },
      {
        "name": "State of California",
        "value": "631293.91",
        "weight": "0.00200721",
        "shared": true
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 08-01-30",
        "value": "629944.33",
        "weight": "0.00200292",
        "shared": true
      },
      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2017 B, RB",
        "value": "617650.92",
        "weight": "0.00196383",
        "shared": false
      },
      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2017 B, RB",
        "value": "616753.38",
        "weight": "0.00196098",
        "shared": false
      },
      {
        "name": "CHILDREN'S HOSPITAL LOS ANGELES OBLIGATED GROUP 5.0% 08-15-47",
        "value": "616285.58",
        "weight": "0.00195949",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES",
        "value": "615059.89",
        "weight": "0.00195559",
        "shared": true
      },
      {
        "name": "District of Columbia, Series 2017 A, Ref. GO Bonds",
        "value": "614525.58",
        "weight": "0.00195390",
        "shared": true
      },
      {
        "name": "N TX TOLLWAY-UNREFD",
        "value": "599877.87",
        "weight": "0.00190732",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2016",
        "value": "598935.23",
        "weight": "0.00190433",
        "shared": true
      },
      {
        "name": "NYC NY 5% 8/1/2027",
        "value": "598675.57",
        "weight": "0.00190350",
        "shared": true
      },
      {
        "name": "District of Columbia, Series 2017 A, Ref. GO Bonds",
        "value": "595477.07",
        "weight": "0.00189333",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA",
        "value": "591177.22",
        "weight": "0.00187966",
        "shared": false
      },
      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2017 B, RB",
        "value": "589448.34",
        "weight": "0.00187416",
        "shared": false
      },
      {
        "name": "NYC TRANS FIN-A-E-1",
        "value": "583617.87",
        "weight": "0.00185562",
        "shared": false
      },
      {
        "name": "State of California, Series 2017",
        "value": "583327.26",
        "weight": "0.00185470",
        "shared": true
      },
      {
        "name": "New York (City of), NY Municipal Water Finance Authority, Series 2017 EE, Ref. RB",
        "value": "581883.16",
        "weight": "0.00185011",
        "shared": false
      },
      {
        "name": "State of North Carolina, Series 2017B",
        "value": "578882.58",
        "weight": "0.00184057",
        "shared": true
      },
      {
        "name": "Massachusetts (Commonwealth of), Series 2017 A, GO Bonds",
        "value": "571782.98",
        "weight": "0.00181799",
        "shared": false
      },
      {
        "name": "KING ETC SD #408",
        "value": "563312.66",
        "weight": "0.00179106",
        "shared": false
      },
      {
        "name": "Tampa-Hillsborough County Expressway Authority, Series 2017",
        "value": "557073.94",
        "weight": "0.00177123",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL REGD B/E 5.00000000",
        "value": "556330.14",
        "weight": "0.00176886",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2019B",
        "value": "555840.66",
        "weight": "0.00176731",
        "shared": true
      },
      {
        "name": "CENTRL EXPRESSWAY",
        "value": "550118.32",
        "weight": "0.00174911",
        "shared": false
      },
      {
        "name": "State of Connecticut, Series 2022D",
        "value": "548467.03",
        "weight": "0.00174386",
        "shared": true
      },
      {
        "name": "State of North Carolina, Series 2017B",
        "value": "547593.40",
        "weight": "0.00174108",
        "shared": true
      },
      {
        "name": "New York City Transitional Finance Authority Future Tax Secured Revenue",
        "value": "543348.70",
        "weight": "0.00172759",
        "shared": false
      },
      {
        "name": "NYC TRANSITIONAL FIN",
        "value": "540157.96",
        "weight": "0.00171744",
        "shared": true
      },
      {
        "name": "PENNSYLVANIA ST",
        "value": "535471.61",
        "weight": "0.00170254",
        "shared": true
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000105563-26-000162",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/105563/000010556326000162/0000105563-26-000162-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001657201-26-000376",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1657201/000165720126000376/0001657201-26-000376-index.htm"
    }
  ]
}