MUNXvsVCRMETF Comparison
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AMG GW&K Muni Income ETF (MUNX) and Vanguard Core Tax-Exempt Bond ETF (VCRM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MUNX is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.12% for VCRM. MUNX is down -0.26% year-to-date (YTD) with +$9M in YTD flows. VCRM performs better with 0.6% YTD performance, and +$2.19B in YTD flows. Run a side-by-side ETF comparison of MUNX 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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MUNX vs VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNX VCRM | +3.93%+3.72% | -1.03%-0.49% | -0.26%+0.60% | +0.21%+1.04% | n/an/a | n/an/a |
| Flows | MUNX VCRM | -$943K+$791M | -$929K+$1.20B | +$9M+$2.19B | +$19M+$2.37B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNX VCRM | +6.07%+5.44% | +3.78%+3.48% | n/an/a | n/an/a |
| Max drawdown | MUNX VCRM | -6.42%-5.58% | -7.17%-6.33% | n/an/a | n/an/a |
| Max drawdown duration | MUNX VCRM | 78d78d | 116d116d | n/an/a | n/an/a |
Trading data
MUNX | VCRM | |
Last sale 10/30/2026 at 1:30 PM | $24.24 | $74.00 |
| Previous close 10/29/2026 | $24.16 | $73.73 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
MUNX | VCRM | |
|---|---|---|
| Last price | $24.24 | $74.00 |
| 1D performance | +0.33% | +0.37% |
| AuM | $18.40 M | $2.99 B |
| E/R | 0.29% | 0.12% |
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Exposure
Countries
MUNX
USA
44.98%
Other
55.02%
VCRM
USA
45.4%
Other
54.6%
Sectors
MUNX
Municipal
44.98%
Other
55.02%
VCRM
Municipal
45.4%
Other
54.6%
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Diversification
MUNX
Total weight of top 15 holdings out of 15
32.13%
VCRM
Total weight of top 15 holdings out of 15
9.59%
Top 15 holdings
Data as of September 30, 2026
MUNX
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
3.03%
US70868YAL39
2.62%
US717823Y444
2.28%
US03843TBQ31
2.24%
US70868YBQ17
2.20%
Houston, 5% 1sep2038, USD (2026C)
2.18%
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
2.15%
US65889BEL45
2.04%
Massachusetts Development Finance Agency, 5.5% 1oct2044, USD (2026A)
2.01%
US46613SGA24
2.01%
US74448EAA29
1.91%
Texas Private Activity Bond Surface Transportation Corp., 5% 30jun2058, USD (2019)
1.91%
New York Urban Development Corp., 4% 31oct2034, USD (2021)
1.90%
US1675937J52
1.83%
US84136HCT86
1.83%
VCRM
US59465HYV22
1.18%
US19648FJ476
0.94%
US13068XTN92
0.94%
US13068XTP41
0.92%
US01065CAM55
0.62%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.57%
City of New York, 5% 1aug2032, USD (2026)
0.56%
US79574CJF14
0.51%
US09182TEC71
0.50%
Triborough Bridge and Tunnel Authority, 5% 15nov2042, USD (2017C)
0.50%
State of Washington, 5% 1jun2040, USD (2021A)
0.50%
US13068XTR07
0.48%
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
0.47%
California, 5% 1oct2032, USD
0.46%
US250336FR00
0.45%
Frequently asked questions about MUNX and VCRM
How have the MUNX and VCRM ETFs performed in 2026?
As of October 30, 2026, MUNX is down -0.26% year-to-date (YTD), while VCRM has returned 0.6%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: MUNX or VCRM?
Year-to-date, the MUNX ETF saw +$9M in flows, compared to +$2.19B for VCRM.
Which ETF is more volatile: MUNX or VCRM?
Over the past year, MUNX had a volatility of 3.78%, while VCRM experienced 3.48%.
Which ETF is bigger: MUNX or VCRM?
As of October 30, 2026, MUNX holds $18.40 M in assets under management (AUM), while VCRM manages $2.99 B.
What sectors do the MUNX and VCRM ETFs invest in?
MUNX leans toward sectors like Municipal. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the MUNX ETF and VCRM ETF?
MUNX top holdings include Commonwealth Financing Authority, 4% 1jun2039, USD (2018), US70868YAL39 and US717823Y444. VCRM holds in its top three: US59465HYV22, US19648FJ476 and US13068XTN92.
Which ETF is more diversified: MUNX or VCRM?
MUNX holds 73 securities with 32.13% of its assets in the top 15. VCRM has 2587 securities and a top 15 weight of 9.59%.
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