Does Vanguard Corporate Bond ETF (VCIT) Really Offer a Higher Yield Than Municipal Bonds? It Depends.

Vanguard Intermediate-Term Corporate Bond ETF offers a significantly higher trailing-12-month dividend yield of 5.5% compared to 3.6% for iShares National Muni Bond ETF. The Vanguard fund is more cost-efficient with a 0.03% expense ratio, though it has experienced a deeper maximum drawdown over the past five years.