SMMUvsVCRBETF Comparison
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PIMCO Short Term Municipal Bond Active ETF (SMMU) belongs to the Municipal Bonds segment. Vanguard Core Bond ETF (VCRB) is part of the US Aggregate Bonds segment. SMMU's top 3 sector exposures are Municipal, Sovereign and Government Agencies. In contrast, VCRB's top sector exposures are Sovereign, Finance and Industrials. SMMU is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.1% for VCRB. SMMU is up 1.32% year-to-date (YTD) with +$219M in YTD flows. VCRB performs worse with -0.22% YTD performance, and +$2.89B in YTD flows. Run a side-by-side ETF comparison of SMMU and VCRB 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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SMMU vs VCRB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMU VCRB | +0.32%-0.06% | +0.36%-0.81% | +1.32%-0.22% | +2.53%+2.10% | +10.94%n/a | +9.93%n/a |
| Flows | SMMU VCRB | +$35M+$221M | +$85M+$826M | +$219M+$2.89B | +$246M+$4.12B | +$639M- | +$655M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMU VCRB | +0.72%+3.80% | +0.77%+3.62% | +1.29%n/a | +1.27%n/a |
| Max drawdown | SMMU VCRB | -0.46%-1.70% | -0.81%-2.60% | -1.70%n/a | -4.65%n/a |
| Max drawdown duration | SMMU VCRB | 36d64d | 103d184d | 58dn/a | 814dn/a |
Trading data
SMMU | VCRB | |
Last sale 9/2/2026 at 1:30 PM | $50.09 | $75.40 |
| Previous close 09/01/2026 | $50.09 | $75.38 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
SMMU | VCRB | |
|---|---|---|
| Last price | $50.09 | $75.40 |
| 1D performance | +0.00% | +0.04% |
| AuM | $1.19 B | $7.66 B |
| E/R | 0.35% | 0.1% |
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Exposure
Countries
SMMU
USA
44.47%
Other
55.53%
VCRB
USA
41.45%
Other
58.55%
Sectors
SMMU
Municipal
28.9%
Sovereign
8.39%
Government Agenci.
7.18%
Other
55.53%
VCRB
Sovereign
24.5%
Finance
10.67%
Other
64.83%
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Diversification
SMMU
Total weight of top 15 holdings out of 15
21.52%
VCRB
Total weight of top 15 holdings out of 15
9.21%
Top 15 holdings
Data as of July 31, 2026
SMMU
FHLB, 0% 21sep2026, USD (364D)
2.72%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
2.21%
USA, Notes 3.5% 28feb2031, USD (V-2031)
1.76%
US20775DL830
1.72%
FHLB, 0% 4sep2026, USD (365D)
1.66%
USA, Bills 0% 15sep2026, USD (119D)
1.47%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
1.32%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
1.22%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
1.20%
USA, Notes 4.625% 30apr2031, USD (K-2031)
1.16%
US20775DZL99
1.08%
US593344CB87
1.07%
US20775DTS17
1.02%
US57585BRA88
0.95%
US678604AC33
0.93%
VCRB
USA, Notes 3.75% 15apr2028, USD (AM-2028)
1.33%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
0.88%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
0.74%
USA, Notes 3.5% 28feb2031, USD (V-2031)
0.73%
NVIDIA, 4.25% 15jun2028, USD
0.64%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.61%
USA, Notes 1.875% 28feb2029, USD (H-2029)
0.56%
USA, Notes 3.5% 15nov2028, USD (AU-2028)
0.56%
US3136G6NT15
0.50%
USA, Notes 4.25% 31jan2030, USD (U-2030)
0.46%
NVIDIA, 4.35% 15jun2029, USD
0.45%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.44%
USA, Notes 3.625% 30sep2031, USD (Q-2031)
0.44%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.43%
USA, Notes 3.75% 31aug2031, USD (P-2031)
0.43%
Frequently asked questions about SMMU and VCRB
How have the SMMU and VCRB ETFs performed in 2026?
As of August 31, 2026, SMMU is up 1.32% year-to-date (YTD), while VCRB has lost -0.22%. That puts SMMU better performer ahead so far this year.
Which ETF is attracting more investor money: SMMU or VCRB?
Year-to-date, the SMMU ETF saw +$219M in flows, compared to +$2.89B for VCRB.
Which ETF is more volatile: SMMU or VCRB?
Over the past year, SMMU had a volatility of 0.77%, while VCRB experienced 3.62%.
Which ETF is bigger: SMMU or VCRB?
As of August 31, 2026, SMMU holds $1.19 B in assets under management (AUM), while VCRB manages $7.66 B.
What sectors do the SMMU and VCRB ETFs invest in?
SMMU leans toward sectors like Municipal, Sovereign and Government Agencies. Meanwhile, VCRB focuses on Sovereign and Finance.
What are the top holdings of the SMMU ETF and VCRB ETF?
SMMU top holdings include FHLB, 0% 21sep2026, USD (364D), USA, Notes 3.375% 29feb2028, USD (AY-2028) and USA, Notes 3.5% 28feb2031, USD (V-2031). VCRB holds in its top three: USA, Notes 3.75% 15apr2028, USD (AM-2028), USA, Notes 4.625% 30apr2029, USD (Y-2029) and USA, Notes 3.375% 30nov2027, USD (BL-2027).
Which ETF is more diversified: SMMU or VCRB?
SMMU holds 341 securities with 21.52% of its assets in the top 15. VCRB has 3315 securities and a top 15 weight of 9.21%.
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