VanguardMuni National LongVCRM · Cboe BZX

Vanguard Core Tax-Exempt Bond ETF (VCRM)

Compare Muni National Long ETFs Compare with others

Price: $73.30; —11 Sept 2026
Assets: $1.8B; Total net assets
Expense ratio: 0.12%; Category 0.75%
Yield: 3.74%; Trailing distributions

1Y return: 1.4%+1.0%; Category 0.4%
3Y CAGR: —; Category 3.6%
5Y CAGR: —; Category -1.0%

Loading NAV history…

Vanguard Core Tax-Exempt Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.2%	-2.5%	-1.3%	-0.6%	+1.4%	—	—	—	+2.1%
Muni National Long average	-3.0%	-3.4%	-2.2%	-1.3%	0.4%	3.6%	-1.0%	1.3%	2.0%
Difference	+0.8%	+1.0%	+0.9%	+0.8%	+1.0%	—	—	—	+0.1%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA7.2%
AA45.5%
A30.4%
BBB9.0%
BB1.6%
Below B0.2%
Other6.1%

Asset mix

Bonds96.9%
Cash3.1%

ETF details

Issuer: Vanguard
Category: Fixed Income · Muni National Long
Ticker: VCRM
Exchange: Cboe BZX
Inception: 21 Nov 2024 (1.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.12% (category 0.75%)
Holdings turnover: 18% (category 32%)
Distribution yield: 3.74%
Beta, 3 years: 0.00
Total net assets: $1.8B
Average maturity: 9.94 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other muni national long ETFs

Other ETFs in the Muni National Long category.

Compare Muni National Long ETFs