XTEN vs. VCRM
Compare and contrast key facts about Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and Vanguard Core Tax-Exempt Bond ETF (VCRM).
XTEN and VCRM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTEN is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 10 Year Target Duration Index. It was launched on Sep 13, 2022. 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. Both XTEN and VCRM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XTEN vs. VCRM - Performance Comparison
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XTEN vs. VCRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTEN Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF | -0.11% | 7.37% | -1.10% |
VCRM Vanguard Core Tax-Exempt Bond ETF | 0.04% | 4.91% | -0.58% |
Returns By Period
In the year-to-date period, XTEN achieves a -0.11% return, which is significantly lower than VCRM's 0.04% return.
XTEN
- 1D
- 0.17%
- 1M
- -3.09%
- YTD
- -0.11%
- 6M
- 0.41%
- 1Y
- 2.68%
- 3Y*
- 1.32%
- 5Y*
- —
- 10Y*
- —
VCRM
- 1D
- 0.32%
- 1M
- -2.12%
- YTD
- 0.04%
- 6M
- 1.72%
- 1Y
- 4.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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XTEN vs. VCRM - Expense Ratio Comparison
XTEN has a 0.08% expense ratio, which is lower than VCRM's 0.12% expense ratio. Despite the difference, 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
XTEN vs. VCRM — Risk / Return Rank
XTEN
VCRM
XTEN vs. VCRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and Vanguard Core Tax-Exempt Bond ETF (VCRM). 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.
| XTEN | VCRM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 1.23 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.57 | 1.57 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.59 | -0.99 |
Martin ratioReturn relative to average drawdown | 1.45 | 4.54 | -3.09 |
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
| XTEN | VCRM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 1.23 | -0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.81 | -0.64 |
Correlation
The correlation between XTEN and VCRM is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
XTEN vs. VCRM - Dividend Comparison
XTEN's dividend yield for the trailing twelve months is around 4.22%, more than VCRM's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTEN Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF | 4.22% | 4.05% | 4.21% | 3.71% | 1.04% |
VCRM Vanguard Core Tax-Exempt Bond ETF | 3.56% | 3.42% | 0.40% | 0.00% | 0.00% |
Drawdowns
XTEN vs. VCRM - Drawdown Comparison
The maximum XTEN drawdown since its inception was -13.86%, which is greater than VCRM's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for XTEN and VCRM.
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Drawdown Indicators
| XTEN | VCRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.86% | -4.12% | -9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -3.22% | -2.05% |
Current DrawdownCurrent decline from peak | -3.09% | -2.12% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -1.15% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.12% | +1.04% |
Volatility
XTEN vs. VCRM - Volatility Comparison
Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) has a higher volatility of 2.54% compared to Vanguard Core Tax-Exempt Bond ETF (VCRM) at 1.54%. This indicates that XTEN's price experiences larger fluctuations and is considered to be riskier than VCRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTEN | VCRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 1.54% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 2.05% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.15% | 4.01% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 4.00% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 4.00% | +5.70% |