EVSMvsVCRMETF Comparison
VS
Eaton Vance Short Duration Municipal Income ETF (EVSM) and Vanguard Core Tax-Exempt Bond ETF (VCRM) belong to the same industry segment: Municipal Bonds. EVSM's top 3 sector exposures are Municipal, Sovereign and Non-Corporate. In contrast, VCRM's top sector exposures are Municipal. EVSM is more expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.12% for VCRM. EVSM is up 1.18% year-to-date (YTD) with +$259M in YTD flows. VCRM performs worse with 0.42% YTD performance, and +$1.07B in YTD flows. Run a side-by-side ETF comparison of EVSM and VCRM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EVSM vs VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EVSM VCRM | +0.13%-0.65% | +0.17%-1.50% | +1.18%+0.42% | +2.43%+4.93% | n/an/a | n/an/a |
| Flows | EVSM VCRM | +$48M+$78M | +$114M+$266M | +$259M+$1.07B | +$398M+$1.43B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EVSM VCRM | +0.96%+2.59% | +0.94%+2.58% | n/an/a | n/an/a |
| Max drawdown | EVSM VCRM | -0.62%-2.22% | -1.01%-2.64% | n/an/a | n/an/a |
| Max drawdown duration | EVSM VCRM | 37d58d | 103d107d | n/an/a | n/an/a |
Trading data
EVSM | VCRM | |
Last sale 9/3/2026 at 1:30 PM | $49.97 | $73.96 |
| Previous close 09/02/2026 | $49.96 | $74.05 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
EVSM | VCRM | |
|---|---|---|
| Last price | $49.97 | $73.96 |
| 1D performance | +0.02% | -0.12% |
| AuM | $827.57 M | $1.85 B |
| E/R | 0.19% | 0.12% |
Characteristics
EVSM | VCRM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | Vanguard |
| Benchmark | - | - |
| N° of holdings | 211 | 984 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2024 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
EVSM
USA
60.04%
Other
39.96%
VCRM
USA
58.45%
Other
41.55%
Sectors
EVSM
Municipal
56.06%
Other
43.94%
VCRM
Municipal
58.45%
Other
41.55%
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Diversification
EVSM
Total weight of top 15 holdings out of 15
14.48%
VCRM
Total weight of top 15 holdings out of 15
7.97%
Top 15 holdings
Data as of July 31, 2026
EVSM
BlackRock Liquidity MuniCash
1.65%
Gainesville (FL), FRN 1oct2042, USD (2012)
1.11%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.11%
US083773EE76
1.10%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
1.02%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
1.02%
US454898XD44
1.01%
University of Connecticut, 3.83% 23mar2027, USD (2026)
0.96%
Aquarion Water Authority, 5.25% 1feb2031, USD (2026)
0.90%
Ohio Water Development Authority, FRN 1dec2054, USD (2024C)
0.87%
US607167DW00
0.86%
US254845VW74
0.82%
Nashville and Davidson Metropolitan Government, 5% 1jul2032, USD (2026)
0.69%
US84136HCT86
0.68%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.68%
VCRM
University of Cincinnati, 5% 1jun2045, USD (2017)
0.83%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.74%
Massachusetts, 5% 1jun2047, USD
0.66%
US09182TEC71
0.63%
Kentucky Public Energy Authority, 4% 1aug2052, USD (2022)
0.55%
Chicago O'Hare International Airport, 5% 1jan2047, USD (2016D)
0.55%
Jefferson Sales Tax District, 5% 1dec2042, USD (2017B)
0.54%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.47%
PEFA Inc., 5% 1apr2035, USD (2026A)
0.46%
Texas Department of Housing and Community Affairs, 6% 1jan2057, USD (2026B)
0.45%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.43%
Energy Southeast, 5% 1sep2033, USD (2025B)
0.43%
Las Vegas Convention and Visitors Authority, 5% 1jul2043, USD
0.42%
US57563WAC29
0.42%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.40%
Frequently asked questions about EVSM and VCRM
How have the EVSM and VCRM ETFs performed in 2026?
As of September 1, 2026, EVSM is up 1.18% year-to-date (YTD), while VCRM has returned 0.42%. That puts EVSM better performer ahead so far this year.
Which ETF is attracting more investor money: EVSM or VCRM?
Year-to-date, the EVSM ETF saw +$259M in flows, compared to +$1.07B for VCRM.
Which ETF is more volatile: EVSM or VCRM?
Over the past year, EVSM had a volatility of 0.94%, while VCRM experienced 2.58%.
Which ETF is bigger: EVSM or VCRM?
As of September 1, 2026, EVSM holds $827.57 M in assets under management (AUM), while VCRM manages $1.85 B.
What sectors do the EVSM and VCRM ETFs invest in?
EVSM leans toward sectors like Municipal. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the EVSM ETF and VCRM ETF?
EVSM top holdings include BlackRock Liquidity MuniCash, Gainesville (FL), FRN 1oct2042, USD (2012) and City of Los Angeles, 5% 24jun2027, USD (2026). VCRM holds in its top three: University of Cincinnati, 5% 1jun2045, USD (2017), Black Belt Energy Gas District, 5% 1oct2035, USD (2025) and Massachusetts, 5% 1jun2047, USD.
Which ETF is more diversified: EVSM or VCRM?
EVSM holds 379 securities with 14.48% of its assets in the top 15. VCRM has 2396 securities and a top 15 weight of 7.97%.
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