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TAFM vs VCRM: Differences, Returns & Fees

TAFM's duration was 6.4 years on May 31, 2026 and VCRM's 7.7 on Jul 31, 2026; VCRM charges 0.12% to TAFM's 0.28%. Net assets: $1.0bn on Oct 8, 2026 for AB Tax-Aware Intermediate Municipal ETF, and $2.2bn on Sep 30, 2026 for Vanguard Core Tax-Exempt Bond ETF.

VCRM costs 0.16 points a year less; their one-year returns differ by 0.9 points.

TAFMVCRM
Expense ratio0.28%0.12%
Net assets, TAFM as of Oct 8, 2026 and VCRM as of Sep 30, 2026$1.0bn$2.2bn
Total return, 1 year−2.1%−1.2%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common4%
Below its high5.6%, high on Jul 6, 20265.2%, high on Jul 2, 2026

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

−2.1%
TAFM total return, 1 year
−1.2%
VCRM total return, 1 year
0.28%
TAFM expense ratio
0.12%
VCRM expense ratio

What they hold in common

By the books each fund has filed, TAFM and VCRM hold 4% 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.

half

4% in common

Positions both hold, largest shared weight first
Holding TAFM VCRM
BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Oct 1, 2055 0.47% 0.64%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Aug 1, 2055 0.54% 0.30%
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Sep 1, 2035 0.18% 0.21%
PEFA INC IA GAS PROJ REVENUE, due Apr 1, 2035 0.17% 0.47%
KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jun 1, 2055 0.17% 0.18%
MINNESOTA MUNI GAS AGY GAS PROJ REVENUE, due Sep 1, 2035 0.17% 0.34%
PUBLIC FIN AUTH WI DEUTSCHE BANK AFFORDABLE HSG CTFS, due Dec 1, 2068 0.16% 0.15%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Feb 1, 2055 0.13% 0.16%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Nov 1, 2055 0.13% 0.16%
BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Dec 1, 2052 0.18% 0.12%
KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due May 1, 2036 0.61% 0.12%
PHILADELPHIA PA WTR & WSTWTR REVENUE, due Nov 1, 2045 0.17% 0.11%
Only in TAFM
MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE, due Jun 30, 2055 0.74%
BROWARD CNTY FL SCH DIST, due Jun 25, 2026 0.69%
CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE, due Dec 1, 2049 0.59%
PUBLIC FIN AUTH WI TOLL REVENUE, due Jun 30, 2060 0.57%
VAIL CO COPS, due Dec 1, 2064 0.52%
NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Jun 30, 2059 0.52%
FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS, due Aug 25, 2041 0.49%
MASSACHUSETTS ST, due Apr 1, 2045 0.44%
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%
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%
TEXAS DEPT HSG-B, due Jan 1, 2057 0.46%

Check overlap with more funds →

On the same fields

TAFM
AB Tax-Aware Intermediate Municipal ETF
VCRM
Vanguard Core Tax-Exempt Bond ETF
Where it sits Bond ETF Bond ETF
Issuer AllianceBernstein Vanguard
What it is Actively managed Actively managed
Total return, 1 year −2.1% −1.2%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −19.4 pts −18.5 pts
Expense ratio 0.28% 0.12%
Holdings 564 2387
Net assets, TAFM as of Oct 8, 2026 and VCRM as of Sep 30, 2026 $1.0bn $2.2bn

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

TAFM in plain words

TAFM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −2.1% with distributions reinvested. The prospectus expense ratio is 0.28% a year. It sat 5.6% below its high of Jul 6, 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, TAFM or VCRM?
In the year to Oct 9, 2026, with distributions reinvested, TAFM returned −2.1% and VCRM −1.2%.
Which is cheaper, TAFM or VCRM?
VCRM is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FMB vs TAFMTAFM vs TFILMUB vs TAFMJMUB vs TAFMLMUB vs VCRMFMB vs VCRMFLMI vs VCRMJMUB vs VCRM
TAFM on its own →VCRM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
TAFM filings on SEC EDGAR ↗TAFM prospectus with the expense ratio (SEC) ↗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, TAFM against VCRM, data as of Oct 9, 2026. https://etfiq.com/compare/any/tafm-vs-vcrm

Open data

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