Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
Vanguard Core Tax-Exempt Bond E (VCRM)
About this ETF
The Vanguard Core Tax-Exempt Bond ETF (VCRM) is an actively managed fund designed to achieve comprehensive returns through a combination of tax-free income and capital appreciation. This ETF primarily invests in municipal bonds, denominated in U.S. dollars, which are issued by state and local government entities across the United States. A key feature is that the interest income generated by these bonds is exempt from both federal income taxes and the Alternative Minimum Tax (AMT). While there are no specific maturity limits for individual bond holdings, the fund generally aims to maintain a dollar-weighted average maturity for its portfolio within an 8-to-20-year range. The majority of its holdings are dedicated to investment-grade municipal debt, specifically those rated A3 or higher…
Price
Top 10 holdings
| Vanguard Municipal Low Duration Fund 12/31/2049 | 4.18% |
| UNIVERSITY CINCINNATI OHIO GEN GEN RCPTS BDS 2017 A 5.00% 06/01/2045 | 0.87% |
| US Dollar | 0.82% |
| Commonwealth of Massachusetts Transportation Fund Revenue 5.00% 06/01/2047 | 0.70% |
| North Texas Tollway Authority 5.00% 01/01/2043 | 0.59% |
| Pennsylvania Higher Educational Facilities Authority 4.00% 06/15/2038 | 0.58% |
| Jefferson Sales Tax District 5.00% 12/01/2042 | 0.57% |
| Black Belt Energy Gas District 5.00% 12/01/2034 | 0.50% |
| PEFA Inc 5.00% 04/01/2035 | 0.49% |
| Great Lakes Water Authority Water Supply System Revenue 5.00% 07/01/2026 | 0.49% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | +0.08% |
| 3 months | +0.38% |
| 6 months | +0.04% |
| Year to date | +0.42% |
| 1 year | +3.43% |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 3.14% |
| Sharpe (1y) | 1.09 |
| Sharpe (3y) | — |
| Sortino (1y) | 1.36 |
| Max drawdown (1y) | -3.01% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -5.17% |
| Beta vs S&P 500 (1y) | 0.06 |
| Correlation vs S&P 500 (1y) | 0.26 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-07-01 | 2026-07-06 | USD 0.2432 |
| 2026-06-01 | 2026-06-03 | USD 0.2211 |
| 2026-05-01 | 2026-05-05 | USD 0.2382 |
| 2026-04-01 | 2026-04-06 | USD 0.2442 |
| 2026-03-02 | 2026-03-04 | USD 0.2297 |
| 2026-02-02 | 2026-02-04 | USD 0.2306 |
| 2025-12-18 | 2025-12-22 | USD 0.2418 |
| 2025-12-01 | 2025-12-03 | USD 0.2400 |
| 2025-11-03 | 2025-11-05 | USD 0.2285 |
| 2025-10-01 | 2025-10-03 | USD 0.2214 |
| 2025-09-02 | 2025-09-04 | USD 0.2160 |
| 2025-08-01 | 2025-08-05 | USD 0.2155 |
| 2025-07-01 | 2025-07-03 | USD 0.2335 |
| 2025-06-02 | 2025-06-04 | USD 0.2160 |
| 2025-05-01 | 2025-05-05 | USD 0.1798 |
| 2025-04-01 | 2025-04-03 | USD 0.2227 |
| 2025-03-03 | 2025-03-05 | USD 0.1903 |
| 2025-02-03 | 2025-02-05 | USD 0.1801 |
| 2024-12-24 | 2024-12-27 | USD 0.3004 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
