CGMU vs VCRM
Capital Group Municipal Income ETF against Vanguard Core Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
7%
209 shared positions
Fee gap
15 bp
VCRM is cheaper
1-year return gap
0.7 pts
CGMU is ahead
Larger fund
CGMU
$7.2B
Side by side
| CGMU | VCRM | |
|---|---|---|
| Fund | Capital Group Municipal Income ETF | Vanguard Core Tax-Exempt Bond ETF |
| Issuer | Capital Group | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.27% | 0.12% |
| Assets | $7.2B | $1.8B |
| Average daily dollar volume | $97M | $95M |
| Listed | Oct 25, 2022 | Nov 21, 2024 |
| FrenzyCap score | 82 | 89 |
| 1-month return | −0.2% | −0.5% |
| 3-month return | −2.4% | −2.8% |
| Year to date | −3.6% | −4.0% |
| 1-year return | −3.8% | −4.5% |
| 30-day volatility | 5.7% | 6.7% |
| Worst drawdown, 1 year | −7.7% | −7.9% |
| Trailing 12-month yield | 3.50% | 3.88% |
| Holdings | 2,637 | 2,945 |
| Top 10 weight | 5.7% | 6.4% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$690M thru Jun 2026 | +$533M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
15% of CGMU · 12% of VCRM| Holding | CGMU | VCRM |
|---|---|---|
| BLACK BELT ENERGY GAS DIST AL BBEUTL 04/36 FIXED 5.5, due Apr 15, 2036 | 0.72% | 0.38% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 10/35 FIXED 5, due Oct 15, 2035 | 0.28% | 0.52% |
| ALABAMA ST TOLL ROAD BRIDGE ATRTRN 10/32 FIXED 5, due Oct 15, 2032 | 0.28% | 0.64% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 03/55 ADJUSTABLE VAR, due Mar 15, 2055 | 0.22% | 0.37% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 06/36 FIXED 5.25, due Jun 15, 2036 | 0.48% | 0.19% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 11/36 FIXED 5, due Nov 15, 2036 | 0.22% | 0.18% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 06/31 FIXED 5, due Jun 15, 2031 | 0.21% | 0.17% |
| HARRIS CNTY TX CULTURAL EDU FA HAREDU 12/33 FIXED 5, due Dec 15, 2033 | 0.16% | 0.17% |
| PHILADELPHIA PA SCH DIST PHISCD 06/27 FIXED 5, due Jun 15, 2027 | 0.26% | 0.16% |
| NEW YORK ENERGY FIN DEV CORP NYEFAC 07/56 ADJUSTABLE VAR, due Jul 15, 2056 | 0.18% | 0.16% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 06/36 FIXED 5, due Jun 15, 2036 | 0.28% | 0.14% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 09/35 FIXED 5, due Sep 15, 2035 | 0.16% | 0.14% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 12/34 FIXED 5, due Dec 15, 2034 | 0.12% | 0.29% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 10/33 FIXED 5, due Oct 15, 2033 | 0.43% | 0.12% |
| LOWER AL GAS DIST GAS PROJ REV LWRUTL 12/33 FIXED 5, due Dec 15, 2033 | 0.10% | 0.22% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 10/55 ADJUSTABLE VAR, due Oct 15, 2055 | 0.10% | 0.42% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 08/55 ADJUSTABLE VAR, due Aug 15, 2055 | 0.09% | 0.17% |
| PEFA INC IA GAS PROJ REVENUE PEFUTL 04/35 FIXED 5, due Apr 15, 2035 | 0.09% | 0.30% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 01/34 FIXED 5, due Jan 15, 2034 | 0.25% | 0.09% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 11/55 ADJUSTABLE VAR, due Nov 15, 2055 | 0.09% | 0.11% |
| NATIONAL FIN AUTH NH REVENUE NFADEV 12/35 FIXED 5, due Dec 15, 2035 | 0.08% | 0.11% |
| NEW HAMPSHIRE ST HSG FIN AUTH NHSSFH 07/56 FIXED 6.5, due Jul 15, 2056 | 0.08% | 0.14% |
| TEXAS ST DEPT OF HSG CMNTY A TXSSFH 07/57 FIXED 6.75, due Jul 15, 2057 | 0.18% | 0.08% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/36 FIXED 5.25, due Feb 15, 2036 | 0.08% | 0.08% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 10/33 FIXED 5, due Oct 15, 2033 | 0.28% | 0.07% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CGMU holdings · VCRM holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.