VCRM vs. VWIUX
Compare and contrast key facts about Vanguard Core Tax-Exempt Bond ETF (VCRM) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
VCRM is a passively managed fund by Vanguard that tracks the performance of the S&P Broad AMT-Free Municipal Bond Index. It was launched on Nov 21, 2024. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
VCRM vs. VWIUX - Performance Comparison
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VCRM vs. VWIUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VCRM Vanguard Core Tax-Exempt Bond ETF | 0.34% | 4.91% | -0.58% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.47% | 5.99% | 0.47% |
Returns By Period
In the year-to-date period, VCRM achieves a 0.34% return, which is significantly higher than VWIUX's -0.47% return.
VCRM
- 1D
- 0.30%
- 1M
- -1.55%
- YTD
- 0.34%
- 6M
- 1.86%
- 1Y
- 4.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWIUX
- 1D
- 0.22%
- 1M
- -2.36%
- YTD
- -0.47%
- 6M
- 1.10%
- 1Y
- 4.55%
- 3Y*
- 3.74%
- 5Y*
- 1.58%
- 10Y*
- 2.38%
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VCRM vs. VWIUX - Expense Ratio Comparison
VCRM has a 0.12% expense ratio, which is higher than VWIUX's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VCRM vs. VWIUX — Risk / Return Rank
VCRM
VWIUX
VCRM vs. VWIUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core Tax-Exempt Bond ETF (VCRM) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VCRM | VWIUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.27 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.69 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.46 | +0.17 |
Martin ratioReturn relative to average drawdown | 4.63 | 5.60 | -0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCRM | VWIUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.27 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.11 | -0.25 |
Correlation
The correlation between VCRM and VWIUX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VCRM vs. VWIUX - Dividend Comparison
VCRM's dividend yield for the trailing twelve months is around 3.59%, more than VWIUX's 3.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCRM Vanguard Core Tax-Exempt Bond ETF | 3.59% | 3.42% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.32% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
Drawdowns
VCRM vs. VWIUX - Drawdown Comparison
The maximum VCRM drawdown since its inception was -4.12%, smaller than the maximum VWIUX drawdown of -11.38%. Use the drawdown chart below to compare losses from any high point for VCRM and VWIUX.
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Drawdown Indicators
| VCRM | VWIUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -11.38% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -3.89% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.38% | — |
Current DrawdownCurrent decline from peak | -1.83% | -2.64% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -1.44% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.01% | +0.12% |
Volatility
VCRM vs. VWIUX - Volatility Comparison
Vanguard Core Tax-Exempt Bond ETF (VCRM) has a higher volatility of 1.49% compared to Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) at 1.01%. This indicates that VCRM's price experiences larger fluctuations and is considered to be riskier than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCRM | VWIUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.01% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 1.58% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 3.93% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 3.23% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 3.42% | +0.58% |