VCRM vs VTEB
Vanguard Core Tax-Exempt Bond ETF against Vanguard Tax-Exempt Bond Index Fund: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
4%
484 shared positions
Fee gap
9 bp
VTEB is cheaper
1-year return gap
0.5 pts
VCRM is ahead
Larger fund
VTEB
$50.4B
Side by side
| VCRM | VTEB | |
|---|---|---|
| Fund | Vanguard Core Tax-Exempt Bond ETF | Vanguard Tax-Exempt Bond Index Fund |
| Issuer | Vanguard | Vanguard |
| Category | National Muni | National Muni |
| Expense ratio | 0.12% | 0.03% |
| Assets | $1.8B | $50.4B |
| Average daily dollar volume | $95M | $1.6B |
| Listed | Nov 21, 2024 | Aug 21, 2015 |
| FrenzyCap score | 89 | 100 |
| 1-month return | −0.5% | −0.4% |
| 3-month return | −2.8% | −3.0% |
| Year to date | −4.0% | −4.5% |
| 1-year return | −4.5% | −5.0% |
| 30-day volatility | 6.7% | 6.5% |
| Worst drawdown, 1 year | −7.9% | −8.2% |
| Trailing 12-month yield | 3.88% | 3.54% |
| Holdings | 2,945 | 11,156 |
| Top 10 weight | 6.4% | 1.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$533M thru Jul 2026 | +$3.6B thru Jul 2026 |
| 30-day implied volatility | — | 6.2% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Sep 30, 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
21% of VCRM · 5% of VTEB| Holding | VCRM | VTEB |
|---|---|---|
| City of New York NY 5%, due Aug 1, 2032 | 0.47% | 0.09% |
| Los Angeles Department of Water & Power 5%, due Jul 1, 2041 | 0.12% | 0.08% |
| New York City Municipal Water Finance Authority 5%, due Jun 15, 2040 | 0.16% | 0.08% |
| State of Illinois 5%, due Nov 1, 2029 | 0.07% | 0.07% |
| Alabama Toll Road Bridge and Tunnel Authority 5%, due Oct 1, 2032 | 0.64% | 0.06% |
| City of Austin TX Special Tax Revenue 5.25%, due Nov 15, 2056 | 0.11% | 0.05% |
| Massachusetts Development Finance Agency 5%, due May 15, 2055 | 0.33% | 0.05% |
| School District of Philadelphia/The 5%, due Jun 30, 2027 | 0.16% | 0.05% |
| Empire State Development Corp 4%, due Mar 15, 2049 | 0.18% | 0.04% |
| New York City Transitional Finance Authority Building Aid Revenue 5%, due Jul 15, 2043 | 0.12% | 0.04% |
| Salt River Project Agricultural Improvement & Power District 5.5%, due Jan 1, 2057 | 0.42% | 0.04% |
| New York City Municipal Water Finance Authority 5%, due Jun 15, 2040 | 0.35% | 0.04% |
| New York City Transitional Finance Authority Future Tax Secured Revenue 4%, due Feb 1, 2051 | 0.17% | 0.04% |
| Lower Colorado River Authority 5%, due May 15, 2051 | 0.08% | 0.04% |
| City of New York NY 5%, due Aug 1, 2031 | 0.07% | 0.03% |
| Illinois State Toll Highway Authority 5%, due Jan 1, 2042 | 0.05% | 0.03% |
| California State University 2.9%, due Nov 1, 2049 | 0.06% | 0.03% |
| New York City Transitional Finance Authority Future Tax Secured Revenue 5%, due May 1, 2051 | 0.14% | 0.03% |
| California State Public Works Board 5%, due Sep 1, 2030 | 0.78% | 0.03% |
| City of New York NY 5%, due Aug 1, 2052 | 0.07% | 0.03% |
| New Jersey Transportation Trust Fund Authority 5%, due Dec 15, 2032 | 0.05% | 0.03% |
| New York City Transitional Finance Authority Future Tax Secured Revenue 5%, due Feb 1, 2053 | 0.07% | 0.03% |
| Monroe County Industrial Development Corp/NY 4%, due Jul 1, 2050 | 0.05% | 0.03% |
| Public Finance Authority 5.75%, due Jul 1, 2062 | 0.28% | 0.03% |
| Las Vegas Convention & Visitors Authority 4%, due Jul 1, 2049 | 0.09% | 0.03% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · VCRM holdings · VTEB 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.