FOPCvsVCRMETF Comparison
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Frontier Asset Opportunistic Credit ETF (FOPC) belongs to the Intl Aggregate Bonds segment. Vanguard Core Tax-Exempt Bond ETF (VCRM) is part of the Municipal Bonds segment. FOPC's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, VCRM's top sector exposures are Municipal. FOPC is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.12% for VCRM. FOPC is down -1.21% year-to-date (YTD) with -$2M in YTD flows. VCRM performs worse with -1.33% YTD performance, and +$1.84B in YTD flows. Run a side-by-side ETF comparison of FOPC 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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FOPC vs VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FOPC VCRM | -0.26%-0.38% | -1.76%-3.26% | -1.21%-1.33% | -0.83%-0.75% | n/an/a | n/an/a |
| Flows | FOPC VCRM | -$494K+$677M | -$491K+$905M | -$2M+$1.84B | +$52K+$2.06B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FOPC VCRM | +3.56%+5.29% | +3.15%+3.35% | n/an/a | n/an/a |
| Max drawdown | FOPC VCRM | -2.91%-5.68% | -3.54%-6.33% | n/an/a | n/an/a |
| Max drawdown duration | FOPC VCRM | 51d92d | 228d102d | n/an/a | n/an/a |
Trading data
FOPC | VCRM | |
Last sale 10/16/2026 at 1:30 PM | $24.54 | $72.58 |
| Previous close 10/15/2026 | $24.54 | $72.68 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FOPC | VCRM | |
|---|---|---|
| Last price | $24.54 | $72.58 |
| 1D performance | +0.00% | -0.14% |
| AuM | $31.65 M | $2.59 B |
| E/R | 0.87% | 0.12% |
Characteristics
FOPC | VCRM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Frontier Asset Management | Vanguard |
| Benchmark | - | - |
| N° of holdings | 3338 | 938 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 19, 2024 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
FOPC
USA
53.09%
Other
46.91%
VCRM
USA
50.9%
Other
49.1%
Sectors
FOPC
Sovereign
32.71%
Other
67.29%
VCRM
Municipal
50.9%
Other
49.1%
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Diversification
FOPC
Total weight of top 15 holdings out of 15
37.22%
VCRM
Total weight of top 15 holdings out of 15
7.11%
Top 15 holdings
Data as of August 31, 2026
FOPC
US29287L7001
25.26%
US72201R5853
4.78%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
0.61%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
0.60%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
0.60%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
0.59%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
0.57%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
0.57%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
0.55%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
0.53%
BlackRock Cash Funds - Institutional
0.53%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
0.52%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
0.52%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
0.50%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
0.49%
VCRM
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.71%
US09182TEC71
0.61%
Kentucky Public Energy Authority, 4% 1aug2052, USD (2022)
0.53%
Jefferson Sales Tax District, 5% 1dec2042, USD (2017B)
0.52%
Los Angeles Metropolitan Transportation Authority, 5% 1jul2042, USD (2021-A)
0.48%
State of Hawaii, 4% 1may2036, USD
0.47%
US625517PJ02
0.46%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.45%
PEFA Inc., 5% 1apr2035, USD (2026A)
0.44%
Texas Department of Housing and Community Affairs, 6% 1jan2057, USD (2026B)
0.44%
Energy Southeast, 5% 1sep2033, USD (2025B)
0.42%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.41%
US235330AW70
0.40%
US57563WAC29
0.40%
Indiana Finance Authority, 5% 1oct2046, USD (2016A)
0.38%
Frequently asked questions about FOPC and VCRM
How have the FOPC and VCRM ETFs performed in 2026?
As of October 15, 2026, FOPC is down -1.21% year-to-date (YTD), while VCRM has lost -1.33%. That puts FOPC better performer ahead so far this year.
Which ETF is attracting more investor money: FOPC or VCRM?
Year-to-date, the FOPC ETF saw -$2M in flows, compared to +$1.84B for VCRM.
Which ETF is more volatile: FOPC or VCRM?
Over the past year, FOPC had a volatility of 3.15%, while VCRM experienced 3.35%.
Which ETF is bigger: FOPC or VCRM?
As of October 15, 2026, FOPC holds $31.65 M in assets under management (AUM), while VCRM manages $2.59 B.
What sectors do the FOPC and VCRM ETFs invest in?
FOPC leans toward sectors like Sovereign. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the FOPC ETF and VCRM ETF?
FOPC top holdings include US29287L7001, US72201R5853 and USA, TIPS 1.125% 15oct2030, USD (AE-2030). VCRM holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), US09182TEC71 and Kentucky Public Energy Authority, 4% 1aug2052, USD (2022).
Which ETF is more diversified: FOPC or VCRM?
FOPC holds 12627 securities with 37.22% of its assets in the top 15. VCRM has 2385 securities and a top 15 weight of 7.11%.
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Latest news about FOPC & VCRM
Frontier Asset Management Unveils a Suite of Actively Managed "Fund-of-Funds" ETFs
December 27, 2024
FOPC
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