VCRMvsVSDMETF Comparison
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Vanguard Core Tax-Exempt Bond ETF (VCRM) and Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both VCRM and VSDM have the same Total Expense Ratio (TER) of 0.12%. VCRM is up 0.76% year-to-date (YTD) with +$2.26B in YTD flows. VSDM performs better with 1.57% YTD performance, and +$1.21B in YTD flows. Run a side-by-side ETF comparison of VCRM and VSDM 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 VSDM 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 VSDM | +3.37%+1.91% | -0.31%+0.50% | +0.76%+1.57% | +1.25%+2.17% | n/an/a | n/an/a |
| Flows | VCRM VSDM | +$753M+$366M | +$1.27B+$719M | +$2.26B+$1.21B | +$2.44B+$1.28B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VCRM VSDM | +5.49%+2.78% | +3.49%+1.72% | n/an/a | n/an/a |
| Max drawdown | VCRM VSDM | -5.58%-2.74% | -6.33%-2.75% | n/an/a | n/an/a |
| Max drawdown duration | VCRM VSDM | 81d81d | 119d119d | n/an/a | n/an/a |
Trading data
VCRM | VSDM | |
Last sale 11/3/2026 at 2:30 PM | $73.85 | $75.70 |
| Previous close 11/02/2026 | $73.84 | $75.64 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
VCRM | VSDM | |
|---|---|---|
| Last price | $73.85 | $75.70 |
| 1D performance | +0.01% | +0.08% |
| AuM | $3.06 B | $1.55 B |
| E/R | 0.12% | 0.12% |
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Exposure
Countries
VCRM
USA
45.4%
Other
54.6%
VSDM
USA
43.2%
Other
56.8%
Sectors
VCRM
Municipal
45.4%
Other
54.6%
VSDM
Municipal
43.2%
Other
56.8%
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Diversification
VCRM
Total weight of top 15 holdings out of 15
9.59%
VSDM
Total weight of top 15 holdings out of 15
5.93%
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%
VSDM
US01065CAM55
0.64%
Dallas Area Rapid Transit, 5% 1dec2032, USD (2019)
0.55%
California Community Choice Financing Authority, 5% 1jul2053, USD (2023B)
0.45%
US13013JCS33
0.44%
Broward School Board, 5% 1jul2033, USD (2020A)
0.44%
US64990GEZ19
0.44%
US84136HCT86
0.42%
New Jersey Transportation Trust Fund Authority, 5% 15dec2034, USD
0.38%
US84136HAH66
0.35%
New Jersey Transportation Trust Fund Authority, 5% 15dec2032, USD
0.34%
Southeast Energy Authority, 4% 1dec2051, USD
0.30%
Lancaster Port Authority, 5% 1feb2055, USD (2024A)
0.30%
Illinois, 5% 1oct2030, USD (2018A)
0.29%
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
0.29%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
0.29%
Frequently asked questions about VCRM and VSDM
How have the VCRM and VSDM ETFs performed in 2026?
As of November 2, 2026, VCRM is up 0.76% year-to-date (YTD), while VSDM has returned 1.57%. That puts VSDM better performer ahead so far this year.
Which ETF is attracting more investor money: VCRM or VSDM?
Year-to-date, the VCRM ETF saw +$2.26B in flows, compared to +$1.21B for VSDM.
Which ETF is more volatile: VCRM or VSDM?
Over the past year, VCRM had a volatility of 3.49%, while VSDM experienced 1.72%.
Which ETF is bigger: VCRM or VSDM?
As of November 2, 2026, VCRM holds $3.06 B in assets under management (AUM), while VSDM manages $1.55 B.
What sectors do the VCRM and VSDM ETFs invest in?
VCRM leans toward sectors like Municipal. Meanwhile, VSDM focuses on Municipal.
What are the top holdings of the VCRM ETF and VSDM ETF?
VCRM top holdings include US59465HYV22, US19648FJ476 and US13068XTN92. VSDM holds in its top three: US01065CAM55, Dallas Area Rapid Transit, 5% 1dec2032, USD (2019) and California Community Choice Financing Authority, 5% 1jul2053, USD (2023B).
Which ETF is more diversified: VCRM or VSDM?
VCRM holds 2587 securities with 9.59% of its assets in the top 15. VSDM has 3314 securities and a top 15 weight of 5.93%.
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