VCRMvsMUNXETF Comparison
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Vanguard Core Tax-Exempt Bond ETF (VCRM) and AMG GW&K Muni Income ETF (MUNX) 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 0.29% for MUNX. VCRM is up 0.78% year-to-date (YTD) with +$2.27B in YTD flows. MUNX performs worse with -0.14% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of VCRM and MUNX 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 MUNX 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 MUNX | +3.54%+3.32% | -0.29%-0.86% | +0.78%-0.14% | +1.26%+0.39% | n/an/a | n/an/a |
| Flows | VCRM MUNX | +$699M-$943K | +$1.28B-$929K | +$2.27B+$9M | +$2.45B+$14M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VCRM MUNX | +5.45%+6.12% | +3.48%+3.78% | n/an/a | n/an/a |
| Max drawdown | VCRM MUNX | -5.58%-6.42% | -6.33%-7.17% | n/an/a | n/an/a |
| Max drawdown duration | VCRM MUNX | 82d81d | 120d119d | n/an/a | n/an/a |
Trading data
VCRM | MUNX | |
Last sale 11/4/2026 at 2:30 PM | $74.12 | $24.18 |
| Previous close 11/03/2026 | $73.85 | $24.18 |
| 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 | MUNX | |
|---|---|---|
| Last price | $74.12 | $24.18 |
| 1D performance | +0.37% | +0.00% |
| AuM | $3.07 B | $18.36 M |
| E/R | 0.12% | 0.29% |
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Exposure
Countries
VCRM
USA
45.4%
Other
54.6%
MUNX
USA
44.98%
Other
55.02%
Sectors
VCRM
Municipal
45.4%
Other
54.6%
MUNX
Municipal
44.98%
Other
55.02%
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Diversification
VCRM
Total weight of top 15 holdings out of 15
9.59%
MUNX
Total weight of top 15 holdings out of 15
32.13%
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%
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%
Frequently asked questions about VCRM and MUNX
How have the VCRM and MUNX ETFs performed in 2026?
As of November 3, 2026, VCRM is up 0.78% year-to-date (YTD), while MUNX has lost -0.14%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: VCRM or MUNX?
Year-to-date, the VCRM ETF saw +$2.27B in flows, compared to +$9M for MUNX.
Which ETF is more volatile: VCRM or MUNX?
Over the past year, VCRM had a volatility of 3.48%, while MUNX experienced 3.78%.
Which ETF is bigger: VCRM or MUNX?
As of November 3, 2026, VCRM holds $3.07 B in assets under management (AUM), while MUNX manages $18.36 M.
What sectors do the VCRM and MUNX ETFs invest in?
VCRM leans toward sectors like Municipal. Meanwhile, MUNX focuses on Municipal.
What are the top holdings of the VCRM ETF and MUNX ETF?
VCRM top holdings include US59465HYV22, US19648FJ476 and US13068XTN92. MUNX holds in its top three: Commonwealth Financing Authority, 4% 1jun2039, USD (2018), US70868YAL39 and US717823Y444.
Which ETF is more diversified: VCRM or MUNX?
VCRM holds 2587 securities with 9.59% of its assets in the top 15. MUNX has 73 securities and a top 15 weight of 32.13%.
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