VTEIvsVCRMETF Comparison
VS
Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Vanguard Core Tax-Exempt Bond ETF (VCRM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. VTEI is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.12% for VCRM. VTEI is down -1.73% year-to-date (YTD) with +$1.01B in YTD flows. VCRM performs better with -1.33% YTD performance, and +$1.84B in YTD flows. Run a side-by-side ETF comparison of VTEI and VCRM 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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VTEI vs VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VTEI VCRM | +0.14%-0.38% | -2.64%-3.26% | -1.73%-1.33% | -1.00%-0.75% | n/an/a | n/an/a |
| Flows | VTEI VCRM | +$501M+$677M | +$637M+$905M | +$1.01B+$1.84B | +$1.17B+$2.06B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VTEI VCRM | +4.55%+5.29% | +2.84%+3.35% | n/an/a | n/an/a |
| Max drawdown | VTEI VCRM | -5.13%-5.68% | -6.13%-6.33% | n/an/a | n/an/a |
| Max drawdown duration | VTEI VCRM | 92d92d | 229d102d | n/an/a | n/an/a |
Trading data
VTEI | VCRM | |
Last sale 10/16/2026 at 1:30 PM | $96.77 | $72.58 |
| Previous close 10/16/2026 | $96.79 | $72.68 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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VCRM
is actively managed and doesn’t replicate an indexVTEI | VCRM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
VTEI | VCRM | |
|---|---|---|
| Last price | $96.77 | $72.58 |
| 1D performance | -0.02% | -0.14% |
| AuM | $2.09 B | $2.59 B |
| E/R | 0.08% | 0.12% |
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Exposure
Countries
VTEI
USA
53.74%
Other
46.26%
VCRM
USA
50.9%
Other
49.1%
Sectors
VTEI
Municipal
53.74%
Other
46.26%
VCRM
Municipal
50.9%
Other
49.1%
Diversification
VTEI
Total weight of top 15 holdings out of 15
2.61%
VCRM
Total weight of top 15 holdings out of 15
7.11%
Top 15 holdings
Data as of August 31, 2026
VTEI
US13063EUS35
0.51%
US13063EUP95
0.40%
California, 5% 1mar2035, USD
0.15%
California, 5% 1oct2035, USD
0.15%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.14%
US13063EUV63
0.14%
University of California, 5% 15may2036, USD (2025)
0.13%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.12%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.12%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2039, USD
0.12%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.12%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.12%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
VCRM
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.71%
US09182TEC71
0.61%
Kentucky Public Energy Authority, 4% 1aug2052, USD (2022)
0.53%
Jefferson Sales Tax District, 5% 1dec2042, USD (2017B)
0.52%
Los Angeles Metropolitan Transportation Authority, 5% 1jul2042, USD (2021-A)
0.48%
State of Hawaii, 4% 1may2036, USD
0.47%
US625517PJ02
0.46%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.45%
PEFA Inc., 5% 1apr2035, USD (2026A)
0.44%
Texas Department of Housing and Community Affairs, 6% 1jan2057, USD (2026B)
0.44%
Energy Southeast, 5% 1sep2033, USD (2025B)
0.42%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.41%
US235330AW70
0.40%
US57563WAC29
0.40%
Indiana Finance Authority, 5% 1oct2046, USD (2016A)
0.38%
Frequently asked questions about VTEI and VCRM
How have the VTEI and VCRM ETFs performed in 2026?
As of October 16, 2026, VTEI is down -1.73% year-to-date (YTD), while VCRM has lost -1.33%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: VTEI or VCRM?
Year-to-date, the VTEI ETF saw +$1.01B in flows, compared to +$1.84B for VCRM.
Which ETF is more volatile: VTEI or VCRM?
Over the past year, VTEI had a volatility of 2.84%, while VCRM experienced 3.35%.
Which ETF is bigger: VTEI or VCRM?
As of October 16, 2026, VTEI holds $2.09 B in assets under management (AUM), while VCRM manages $2.59 B.
What sectors do the VTEI and VCRM ETFs invest in?
VTEI leans toward sectors like Municipal. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the VTEI ETF and VCRM ETF?
VTEI top holdings include US13063EUS35, US13063EUP95 and California, 5% 1mar2035, USD. VCRM holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), US09182TEC71 and Kentucky Public Energy Authority, 4% 1aug2052, USD (2022).
Which ETF is more diversified: VTEI or VCRM?
VTEI holds 6052 securities with 2.61% of its assets in the top 15. VCRM has 2385 securities and a top 15 weight of 7.11%.
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