VCRM vs VOO
Vanguard Core Tax-Exempt Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VCRM offers more diversification with 3,675 holdings.
Side-by-Side Comparison
| Metric | VCRM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.03% | |
| AUM | $1.7B | $997.4B | |
| Dividend Yield | 3.69% | 1.08% | |
| Holdings | 3,675 | 509 | |
| YTD Return | -0.98% | +12.25% | |
| 1Y Return | +3.80% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 4.1% | 14.1% | |
| Max Drawdown | -3.8% | -34.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 19, 2024 | Sep 7, 2010 |
VCRM vs VOO Performance
Vanguard Core Tax-Exempt Bond ETF (VCRM) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year VCRM returned +3.80% while VOO returned +20.92%. Year to date, VCRM is down 0.98% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 4.1% for VCRM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -3.8% for VCRM and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VCRM charges 0.12% per year while VOO charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, VCRM currently yields 3.69% against 1.08% for VOO.
Holdings Overlap
VCRM and VOO share 0 holdings out of 695 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VCRM or VOO?
VCRM has an expense ratio of 0.12% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, VCRM or VOO?
Over the past year VCRM returned +3.80% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), VCRM annualized +2.57% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, VCRM or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.1% for VCRM. Worst drawdown: VCRM -3.8% vs VOO -34.3%.
Should I hold both VCRM and VOO?
VCRM and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VCRM and VOO?
VCRM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 695 unique securities.
Which pays a higher dividend, VCRM or VOO?
VCRM yields 3.69% while VOO yields 1.08%, so VCRM currently pays the higher dividend yield.
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