VCRMvsGNMAETF Comparison
VS
Vanguard Core Tax-Exempt Bond ETF (VCRM) belongs to the Municipal Bonds segment. iShares GNMA Bond ETF (GNMA) is part of the MBS & ABS segment. VCRM's top 1 sector exposures are Municipal. In contrast, GNMA's top sector exposures are Industrials and Non-Corporate. VCRM is more expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.11% for GNMA. VCRM is up 0.76% year-to-date (YTD) with +$2.26B in YTD flows. GNMA performs worse with 0.09% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of VCRM and GNMA 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 GNMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VCRM GNMA | +3.37%+3.14% | -0.31%-0.14% | +0.76%+0.09% | +1.25%+0.74% | n/a+17.00% | n/a+2.08% |
| Flows | VCRM GNMA | +$753M+$9M | +$1.27B+$16M | +$2.26B+$44M | +$2.44B+$71M | -+$102M | -+$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VCRM GNMA | +5.49%+6.02% | +3.49%+4.61% | n/a+5.46% | n/a+6.58% |
| Max drawdown | VCRM GNMA | -5.58%-4.45% | -6.33%-5.36% | n/a-5.36% | n/a-15.48% |
| Max drawdown duration | VCRM GNMA | 81d69d | 119d246d | n/a246d | n/a1397d |
Trading data
VCRM | GNMA | |
Last sale 11/3/2026 at 2:30 PM | $73.85 | $42.79 |
| Previous close 11/02/2026 | $73.84 | $42.78 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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VCRM
is actively managed and doesn’t replicate an indexVCRM | GNMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
VCRM | GNMA | |
|---|---|---|
| Last price | $73.85 | $42.79 |
| 1D performance | +0.01% | +0.02% |
| AuM | $3.06 B | $430.53 M |
| E/R | 0.12% | 0.11% |
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Exposure
Countries
VCRM
USA
45.4%
Other
54.6%
GNMA
USA
48.73%
Other
51.27%
Sectors
VCRM
Municipal
45.4%
Other
54.6%
GNMA
Industrials
40.92%
Non-Corporate
7.81%
Other
51.27%
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Diversification
VCRM
Total weight of top 15 holdings out of 15
9.59%
GNMA
Total weight of top 15 holdings out of 15
32.76%
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%
GNMA
BlackRock Cash Funds - Treasury
7.81%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.65%
US3618N5XQ77
2.58%
G2 MA9360, 4.5% 20dec2053, USD (ABS)
2.48%
US36179WTX64
1.94%
G2 MA8878, 5% 20may2053, USD (ABS)
1.70%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.68%
US36179WJR07
1.66%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.63%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.63%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.47%
US36179WLP13
1.44%
US36179WFG87
1.42%
US3617NWEY42
1.36%
US36179WVT25
1.32%
Frequently asked questions about VCRM and GNMA
How have the VCRM and GNMA ETFs performed in 2026?
As of November 2, 2026, VCRM is up 0.76% year-to-date (YTD), while GNMA has returned 0.09%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: VCRM or GNMA?
Year-to-date, the VCRM ETF saw +$2.26B in flows, compared to +$44M for GNMA.
Which ETF is more volatile: VCRM or GNMA?
Over the past year, VCRM had a volatility of 3.49%, while GNMA experienced 4.61%.
Which ETF is bigger: VCRM or GNMA?
As of November 2, 2026, VCRM holds $3.06 B in assets under management (AUM), while GNMA manages $430.53 M.
What sectors do the VCRM and GNMA ETFs invest in?
VCRM leans toward sectors like Municipal. Meanwhile, GNMA focuses on Industrials and Non-Corporate.
What are the top holdings of the VCRM ETF and GNMA ETF?
VCRM top holdings include US59465HYV22, US19648FJ476 and US13068XTN92. GNMA holds in its top three: BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77.
Which ETF is more diversified: VCRM or GNMA?
VCRM holds 2587 securities with 9.59% of its assets in the top 15. GNMA has 355 securities and a top 15 weight of 32.76%.
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