Which returned more over the last year, LMUB or VCRM?

In the year to Oct 9, 2026, with distributions reinvested, LMUB returned −3.7% and VCRM −1.2%.

Which is cheaper, LMUB or VCRM?

LMUB is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

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LMUB vs VCRM: Differences, Returns & Fees

LMUB's duration was 9.8 years on May 31, 2026 and VCRM's 7.7 on Jul 31, 2026; LMUB charges 0.09% to VCRM's 0.12%. Net assets: $1.6bn on Oct 9, 2026 for iShares Long-Term National Muni Bond ETF, and $2.2bn on Sep 30, 2026 for Vanguard Core Tax-Exempt Bond ETF.

LMUB costs 0.03 points a year less; their one-year returns differ by 2.5 points; VCRM is 1.5 times larger.

	LMUB	VCRM
Expense ratio	0.09%	0.12%
Net assets, as of Sep 30, 2026	$1.5bn	$2.2bn
Total return, 1 year	−3.7%	−1.2%
What it tracks	ICE Long AMT-Free US National Municipal Index	No index, actively managed
Holdings in common	1%
Below its high	8.4%, high on Jul 2, 2026	5.2%, high on Jul 2, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

−3.7%

LMUB total return, 1 year

−1.2%

VCRM total return, 1 year

0.09%

LMUB expense ratio

0.12%

VCRM expense ratio

What they hold in common

By the books each fund has filed, LMUB and VCRM hold 1% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.

50%

half

1% in common

Positions both hold, largest shared weight first

Holding LMUB VCRM

Cook County Community College District No. 508, Series 2026, due Dec 1, 2051 0.13% 0.15%

New York City Transitional Finance Authority Future Tax Secured, Series 2026B, due May 1, 2051 0.13% 0.23%

County of Miami-Dade Water & Sewer System, due Oct 1, 2048 0.28% 0.10%

Chicago O'Hare International Airport, Series 2026A, due Jan 1, 2056 0.23% 0.09%

Grand Parkway Transportation Corp., Series 2020C, due Oct 1, 2049 0.19% 0.07%

County of Cuyahoga, Series 2026, due Dec 1, 2061 0.13% 0.06%

Omaha Public Power District, Series 2026A, due Feb 1, 2056 0.06% 0.14%

Los Angeles Department of Water & Power, Series 2020B, due Jul 1, 2039 0.37% 0.06%

Texas State University System, Series 2026A, due Mar 15, 2056 0.04% 0.23%

Pennsylvania Turnpike Commission, Series 2020B, due Dec 1, 2045 0.05% 0.03%

New Jersey Economic Development Authority, Series 2020A, due Nov 1, 2044 0.19% 0.03%

Cedar Rapids Community School District Infrastructure Sales Services & Use Tax, Series 2026, due Jan 1, 2051 0.03% 0.09%

Only in LMUB

Commonwealth of Massachusetts, Series 2023D, due Oct 1, 2052 0.85%

State of Washington, Series 2026D, due Jun 1, 2046 0.70%

State of Illinois, Series 2025-E11, due Sep 1, 2042 0.65%

State of Illinois, Series 2023C, due Dec 1, 2043 0.65%

Pennsylvania Turnpike Commission, Series 2026A, due Dec 1, 2056 0.64%

State of Texas, Series 2025, due Oct 1, 2039 0.63%

New York City Transitional Finance Authority Future Tax Secured, Series 2025E, due Nov 1, 2047 0.63%

Oklahoma Capitol Improvement Authority, Series 2025A, due Jul 1, 2050 0.63%

Only in VCRM

UNIVERSITY CINCINNATI OHIO GEN GEN RCPTS BDS 2017 A, due Jun 1, 2045 0.84%

BLACK BELT GAS DT-B, due Oct 1, 2035 0.75%

MASSACHUSETTS ST-A, due Jun 1, 2047 0.67%

BLACK BELT ENERGY-B, due Oct 1, 2055 0.64%

KY PUB ENERGY -A-1, due Aug 1, 2052 0.56%

CHICAGO IL O'HARE INT, due Jan 1, 2047 0.56%

JEFFERSON SALES TAX-B, due Dec 1, 2042 0.55%

BLACK BELT ENERGY-A, due Dec 1, 2034 0.48%

Check overlap with more funds →

On the same fields

LMUB

iShares Long-Term National Muni Bond ETF

VCRM

Vanguard Core Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks an index Actively managed

Total return, 1 year −3.7% −1.2%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −20.9 pts −18.5 pts

Expense ratio 0.09% 0.12%

Holdings 975 2387

Net assets, LMUB as of Oct 9, 2026 and VCRM as of Sep 30, 2026 $1.6bn $2.2bn

LMUB and VCRM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

LMUB in plain words

LMUB tracks an index. Over the year to Oct 9, 2026 it returned −3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year. It sat 8.4% below its high of Jul 2, 2026 on Oct 9, 2026.

VCRM in plain words

VCRM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.12% a year. It sat 5.2% below its high of Jul 2, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, LMUB or VCRM?: In the year to Oct 9, 2026, with distributions reinvested, LMUB returned −3.7% and VCRM −1.2%.
Which is cheaper, LMUB or VCRM?: LMUB is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

LMUB vs TFI JMUB vs LMUB LMUB vs MUB LMUB vs VTEB VCRM vs VTEB FLMI vs VCRM TAFM vs VCRM MUB vs VCRM

LMUB on its own →VCRM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

LMUB filings on SEC EDGAR ↗LMUB prospectus with the expense ratio (SEC) ↗iShares page for LMUB ↗VCRM filings on SEC EDGAR ↗VCRM prospectus with the expense ratio (SEC) ↗Vanguard page for VCRM ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, LMUB against VCRM, data as of Oct 9, 2026. https://etfiq.com/compare/any/lmub-vs-vcrm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.