PVI vs VTES
Invesco Floating Rate Municipal Income ETF compared with Vanguard Short-Term Tax-Exempt Bond ETF Shares on yield, payout growth, payment schedule, cost and risk.
PVI
Invesco Floating Rate Municipal Income ETF
TTM yield · Monthly
VTES
Vanguard Short-Term Tax-Exempt Bond ETF Shares
TTM yield · Monthly
Quick take
- VTES yields more today: 2.72% vs 2.22% (forward).
- Both pay every month.
- Over the last year PVI delivered the higher total return: +2.0% vs +1.4% (price change plus payouts).
- VTES is cheaper to own: 0.05% vs 0.25% expense ratio.
- VTES has the steadier distribution: consistency 97/100 vs 81/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | PVI | VTES |
|---|---|---|
| Share price | $24.81 | $100.35 |
| TTM yield | 2.22% | 2.72% |
| Forward yield | 2.22% | 2.72% |
| Annual payout per share | $0.55 | $2.732 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 21, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.25% | 0.05% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 81/100 | 97/100 |
| 1-year total return | +2.0% | +1.4% |
| 1-year price return | -0.2% | -1.3% |
| Size (market cap / AUM) | 31.0M | 2.4B |
| Years paying | 18.7 | 3.4 |
| Sector / category | Muni National Short | Muni National Short |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| PVI | VTES | |
|---|---|---|
| Shares | 403.1 | 99.7 |
| Income per year | $222 | $272 |
| Income per month (avg) | $18 | $23 |
At forward yields, before taxes. Model PVI · Model VTES
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| PVI Sep 21, 2026 | Oct 5, 2026 | $0.0458 | Est. |
| PVI Oct 19, 2026 | Nov 2, 2026 | $0.0458 | Est. |
| PVI Nov 16, 2026 | Nov 30, 2026 | $0.0458 | Est. |
| VTES Oct 1, 2026 | Oct 15, 2026 | $0.2277 | Est. |
| VTES Oct 31, 2026 | Nov 14, 2026 | $0.2277 | Est. |
| VTES Nov 30, 2026 | Dec 14, 2026 | $0.2277 | Est. |
Annual payouts per share
PVIVTES
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, PVI or VTES?
VTES currently has the higher trailing yield: PVI yields 2.22% and VTES yields 2.72%. Yield changes daily with price, so check the live figures above.
How often do PVI and VTES pay?
PVI pays every month and VTES pays every month. PVI's next ex-date is Sep 21, 2026 and VTES's is Oct 1, 2026.
Is PVI or VTES better for income?
It depends on what you are optimising for. PVI and VTES differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.