SCMBvsVCRMETF Comparison
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Schwab Municipal Bond ETF (SCMB) 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. SCMB is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.12% for VCRM. SCMB is down -0.12% year-to-date (YTD) with +$1.52B in YTD flows. VCRM performs better with 0.42% YTD performance, and +$1.07B in YTD flows. Run a side-by-side ETF comparison of SCMB 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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SCMB vs VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCMB VCRM | -0.21%-0.65% | -1.26%-1.30% | -0.12%+0.42% | +3.89%+4.93% | +9.27%n/a | n/an/a |
| Flows | SCMB VCRM | +$278M+$70M | +$395M+$267M | +$1.52B+$1.07B | +$1.96B+$1.43B | +$4.06B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCMB VCRM | +2.59%+2.63% | +2.52%+2.59% | +3.72%n/a | n/an/a |
| Max drawdown | SCMB VCRM | -2.09%-2.22% | -2.72%-2.64% | -5.45%n/a | n/an/a |
| Max drawdown duration | SCMB VCRM | 57d57d | 122d107d | 275dn/a | n/an/a |
Trading data
SCMB | VCRM | |
Last sale 9/1/2026 at 1:30 PM | $24.96 | $74.04 |
| Previous close 08/31/2026 | $25.13 | $74.65 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 2, 2026
1-year trailing difference
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VCRM
is actively managed and doesn’t replicate an indexSCMB | VCRM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
SCMB | VCRM | |
|---|---|---|
| Last price | $24.96 | $74.04 |
| 1D performance | -0.68% | -0.82% |
| AuM | $4.18 B | $1.84 B |
| E/R | 0.03% | 0.12% |
Characteristics
SCMB | VCRM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Schwab ETFs | Vanguard |
| Benchmark | ICE AMT-Free Core U.S. National Municipal Index | - |
| N° of holdings | 319 | 984 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2022 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
SCMB
USA
60.28%
Other
39.72%
VCRM
USA
58.45%
Other
41.55%
Sectors
SCMB
Municipal
60.28%
Other
39.72%
VCRM
Municipal
58.45%
Other
41.55%
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Diversification
SCMB
Total weight of top 15 holdings out of 15
8.71%
VCRM
Total weight of top 15 holdings out of 15
7.97%
Top 15 holdings
Data as of July 31, 2026
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.46%
Massachusetts, 5% 1nov2043, USD (2017)
0.67%
Pennsylvania, 4% 1mar2036, USD
0.66%
University of California, 5% 15nov2040, USD (2026)
0.59%
US64972GA612
0.57%
California, 5.25% 1sep2047, USD
0.56%
US93974EEM49
0.55%
Northwest Independent School District, 5% 15feb2055, USD (2025)
0.55%
University of California, 5% 15nov2035, USD (2026)
0.45%
US68607DXA89
0.45%
US74265L3A45
0.44%
US544647HQ66
0.44%
US592112XL58
0.44%
City of New York, 5% 1aug2032, USD (2022)
0.44%
US709225GV28
0.44%
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 SCMB and VCRM
How have the SCMB and VCRM ETFs performed in 2026?
As of August 31, 2026, SCMB is down -0.12% year-to-date (YTD), while VCRM has returned 0.42%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: SCMB or VCRM?
Year-to-date, the SCMB ETF saw +$1.52B in flows, compared to +$1.07B for VCRM.
Which ETF is more volatile: SCMB or VCRM?
Over the past year, SCMB had a volatility of 2.52%, while VCRM experienced 2.59%.
Which ETF is bigger: SCMB or VCRM?
As of August 31, 2026, SCMB holds $4.18 B in assets under management (AUM), while VCRM manages $1.84 B.
What sectors do the SCMB and VCRM ETFs invest in?
SCMB leans toward sectors like Municipal. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the SCMB ETF and VCRM ETF?
SCMB top holdings include New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), Massachusetts, 5% 1nov2043, USD (2017) and Pennsylvania, 4% 1mar2036, USD. 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: SCMB or VCRM?
SCMB holds 541 securities with 8.71% of its assets in the top 15. VCRM has 2396 securities and a top 15 weight of 7.97%.
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