VCRMvsCGHMETF Comparison
VS
Vanguard Core Tax-Exempt Bond ETF (VCRM) and Capital Group Municipal High-Income ETF (CGHM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VCRM is less expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.34% for CGHM. VCRM is up 0.78% year-to-date (YTD) with +$2.27B in YTD flows. CGHM performs worse with 0.54% YTD performance, and +$1.35B in YTD flows. Run a side-by-side ETF comparison of VCRM and CGHM 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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VCRM vs CGHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VCRM CGHM | +3.54%+3.26% | -0.29%-1.24% | +0.78%+0.54% | +1.26%+1.10% | n/an/a | n/an/a |
| Flows | VCRM CGHM | +$699M+$368M | +$1.28B+$597M | +$2.27B+$1.35B | +$2.45B+$1.50B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VCRM CGHM | +5.45%+5.70% | +3.48%+3.77% | n/an/a | n/an/a |
| Max drawdown | VCRM CGHM | -5.58%-6.07% | -6.33%-6.96% | n/an/a | n/an/a |
| Max drawdown duration | VCRM CGHM | 82d82d | 120d128d | n/an/a | n/an/a |
Trading data
VCRM | CGHM | |
Last sale 11/4/2026 at 2:30 PM | $74.12 | $24.89 |
| Previous close 11/03/2026 | $73.85 | $24.80 |
| Consolidated volume 11/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/4/2026 at 2:30 PM
Live
Closed
VCRM | CGHM | |
|---|---|---|
| Last price | $74.12 | $24.89 |
| 1D performance | +0.37% | +0.34% |
| AuM | $3.07 B | $3.76 B |
| E/R | 0.12% | 0.34% |
Characteristics
VCRM | CGHM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Vanguard | Capital Group |
| Benchmark | - | - |
| N° of holdings | 931 | 836 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2024 | June 25, 2024 |
| ESG | No | No |
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Exposure
Countries
VCRM
USA
45.4%
Other
54.6%
CGHM
USA
43.99%
Other
56.01%
Sectors
VCRM
Municipal
45.4%
Other
54.6%
CGHM
Municipal
43.99%
Other
56.01%
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Diversification
VCRM
Total weight of top 15 holdings out of 15
9.59%
CGHM
Total weight of top 15 holdings out of 15
8.04%
Top 15 holdings
Data as of September 30, 2026
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%
CGHM
Puerto Rico, FRN 1nov2043, USD
1.38%
Puerto Rico, FRN 1nov2051, USD
0.82%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.70%
US60528ACC62
0.66%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.56%
New York Transitional Finance Authority, FRN 1aug2042, USD
0.48%
US46246K5H19
0.46%
Lucas, 5.25% 15nov2048, USD (2018A)
0.45%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.39%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.38%
Gulf Coast Industrial Development Authority, FRN 1nov2041, USD (2012)
0.37%
Puerto Rico Aqueduct and Sewer Authority, 5% 1jul2047, USD (2020A)
0.36%
US45203HAH57
0.35%
US899661EN87
0.35%
City of New York, FRN 1apr2042, USD
0.33%
Frequently asked questions about VCRM and CGHM
How have the VCRM and CGHM ETFs performed in 2026?
As of November 3, 2026, VCRM is up 0.78% year-to-date (YTD), while CGHM has returned 0.54%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: VCRM or CGHM?
Year-to-date, the VCRM ETF saw +$2.27B in flows, compared to +$1.35B for CGHM.
Which ETF is more volatile: VCRM or CGHM?
Over the past year, VCRM had a volatility of 3.48%, while CGHM experienced 3.77%.
Which ETF is bigger: VCRM or CGHM?
As of November 3, 2026, VCRM holds $3.07 B in assets under management (AUM), while CGHM manages $3.76 B.
What sectors do the VCRM and CGHM ETFs invest in?
VCRM leans toward sectors like Municipal. Meanwhile, CGHM focuses on Municipal.
What are the top holdings of the VCRM ETF and CGHM ETF?
VCRM top holdings include US59465HYV22, US19648FJ476 and US13068XTN92. CGHM holds in its top three: Puerto Rico, FRN 1nov2043, USD, Puerto Rico, FRN 1nov2051, USD and Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D).
Which ETF is more diversified: VCRM or CGHM?
VCRM holds 2587 securities with 9.59% of its assets in the top 15. CGHM has 2584 securities and a top 15 weight of 8.04%.
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