Vanguard Core Tax-Exempt Bond ETF

Vanguard Core Tax-Exempt Bond ETF

About

Vanguard Core Tax-Exempt Bond ETF (US9229077121) is a US-listed bond ETF tracking the S&P Broad AMT-Free Municipal Bond Index. With a expense ratio of 0.12%, it is competitively priced, paying distributions. The fund holds 502 positions with 1.6B in assets.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database.
Component Score Details
Cost (30%) 8.8 Tracking Difference: 9.4 · TD Consistency: — · Expense Ratio: 7.4
Liquidity (25%) 8.6 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker VCRM
ISIN
Fund Size $1.6B
Issuer Vanguard
Distribution Pays Distributions
Replication
Inception Nov 2024
Base Currency USD
Index S&P Broad AMT-Free Municipal Bond Index
Asset Class Bonds
Category Us Bond

Costs

8.8
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.12%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.00%
3 Months +0.01%
6 Months +0.01%
1 Year +0.04%
3 Years
5 Years
10 Years
YTD +0.00%
Since Inception +0.01%

Holdings

6.4
This fund holds 502 individual investments, offering moderate diversification compared to other ETFs.
#1
US914119F983
0.87%
#2
US57604TGH32
0.70%
#3
US66285WXM36
0.60%
#4
US70917TGR68
0.58%
#5
US474176KM56
0.57%
#6
US09182THS96
0.51%
#7
US39081JAA60
0.49%
#8
US882750W731
0.49%
#9
US70556CAL81
0.49%
#10
US896035DH24
0.48%
View all holdings (50)
# Holding Ticker Weight
1 87.00%
2 70.00%
3 60.00%
4 58.00%
5 57.00%
6 51.00%
7 49.00%
8 49.00%
9 49.00%
10 48.00%
11 46.00%
12 44.00%
13 44.00%
14 43.00%
15 42.00%
16 TUU6 42.00%
17 40.00%
18 40.00%
19 39.00%
20 39.00%
21 37.00%
22 37.00%
23 36.00%
24 36.00%
25 36.00%
26 36.00%
27 36.00%
28 36.00%
29 35.00%
30 33.00%
31 33.00%
32 33.00%
33 32.00%
34 32.00%
35 31.00%
36 31.00%
37 30.00%
38 30.00%
39 30.00%
40 30.00%
41 29.00%
42 29.00%
43 29.00%
44 29.00%
45 29.00%
46 29.00%
47 28.00%
48 28.00%
49 27.00%
50 27.00%

Sectors

Allocation by industry sector.
 
Sector Weight
Unknown 10000.00%

Regions

Geographic allocation by country of risk.
 
Country Weight
UNKNOWN 10000.00%

Nerd Stuff

Advanced risk and return metrics (2024-11-30 — 2026-06-18).
14.6%
Volatility
-3.5%
Max Drawdown
0.18
Sharpe Ratio
0.25
Sortino Ratio
0.78
Calmar Ratio
––
Beta
––
Alpha (Jensen's)
––
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).
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