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SCNM vs VCRM

Sterling Capital National Municipal Bond ETF

SCNMCCboe

Vanguard Core Tax-Exempt Bond E

VCRMACboe

Overlap

No data

Expense ratio

VCRM −0.23pt a year

SCNM0.35%VCRM0.12%

Avg volume · 30D

VCRM 25.2×the volume

SCNM28.9KVCRM730K

SCNM vs VCRM Performance

Dec 31, 2025 – Nov 9, 2026

+0.4%SCNM+1.9%VCRM

Dec 31, 2025 to Nov 9, 2026. SCNM +0.4%. VCRM +1.9%. Use the arrow keys to read each point.−4%−2%Dec 2025Jun 2026Nov 2026
Expense ratio
SCNM 0.35%
VCRM 0.12%, better
Fund size
SCNM $244M
VCRM $2.2B
1Y total return
SCNM No data
VCRM +2.3%
Yield (12M)
SCNM No data
VCRM 3.75%
Holdings
SCNM 99
VCRM 2595
Avg volume (30D)
SCNM 28.9K sh
VCRM 730K sh, better
NAV per share
SCNM $24.44
VCRM $74.68
52W range

ETF.net Grade

SCNM: Cost 35, Risk 59, Mission 92, Tradability 20, Holdings 53, Durability 41. VCRM: Cost 89, Risk 72, Mission 100, Tradability 82, Holdings 81, Durability 74.
Pillar letters and Scores for SCNM, VCRM, with each pillar’s weight
PillarSCNMVCRM
Cost30% weightD35A89Higher
Mission25% weightA92A100Higher
Risk15% weightB59A72Higher
Tradability15% weightF20A82Higher
Holdings10% weightC53A81Higher
Durability5% weightC41A74Higher

Rank among Other Municipal Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SCNM and VCRM are both graded against the same 63 Other Municipal Bond funds, so their Grades compare head to head.

Other Municipal Bond⁠

Category · 63 funds
See all 63 ›

VCRM ranks 2nd and SCNM 45th of 63 funds in the Other Municipal Bond Category.

  1. Rank 1AVTEBVanguard Tax-Exempt Bond ETFScore 89
  2. Rank 2AVCRMVanguard Core Tax-Exempt Bond EScore 86
  3. Rank 3AMUBiShares National Muni Bond ETFScore 85
  4. Rank 45CJMSIJPMorgan Sustainable Municipal Income ETFScore 52
  5. Rank 45CSCNMSterling Capital National Municipal Bond ETFScore 52
  6. Rank 47CBMOPBNY Mellon Municipal Opportunities ETFScore 51

Our read on each fund

ETF.net Research

SCNMCSterling Capital National Municipal Bond ETF

VCRMAVanguard Core Tax-Exempt Bond E

In short

SCNM A boutique shop's take on national munis: income exempt from regular federal income taxes with capital preservation as the second job, measured against the Bloomberg U.S. Municipal Index. It opened in December 2025.

VCRM Vanguard's active answer in a mostly-index category: managers working the whole muni curve for 0.12% a year, under half the muni ETF median fee. Monthly income, exempt from federal personal income taxes.

Stated mandate

SCNM The Fund seeks current income exempt from regular federal income taxes while preserving capital.

VCRM The fund seeks total return through current income exempt from federal personal income taxes and capital appreciation.

Why people hold it

  • SCNM The mandate is plain: current income exempt from regular federal income taxes, with preserving capital as the stated second goal.
  • National scope rather than single-state, so the portfolio isn't tied to one state's tax base the way a New York-only fund like NYF is.
  • Benchmarked to the Bloomberg U.S. Municipal Index, the standard yardstick for the broad tax-exempt market, inside a plain 1940 Act ETF wrapper.
  • VCRM Active management priced at 0.12% a year, less than half the 0.30% median for muni ETFs.
  • Run by Vanguard's Fixed Income Group, with all-curve exposure to primarily high-quality investment-grade munis spread across sectors, states and credit tiers.prnewswire.com
  • Pays monthly, with income the fund seeks to keep exempt from federal personal income taxes.vanguard.com
  • Sticks tightly to its stated mandate and grades among the strongest implementations in its muni peer group.

Worth knowing

  • SCNM At 0.35% it prices above the muni category median of 0.30%, and far above index heavyweights VTEB and SCMB at 0.03%. In tax-exempt bonds, fees bite a modest yield.
  • It launched in December 2025, so there's little track record to judge, and early trading has been light compared with the category's household names.
  • The exemption it targets is from regular federal income taxes. State and local tax treatment is a separate question for the holder.
  • VCRM You pay up for the manager: index peers VTEB and SCMB run at 0.03%, a quarter of VCRM's 0.12%.
  • Launched in November 2024, so there is only a short record to judge the active mandate on.
  • All-curve exposure puts longer maturities in the mix, so prices move with rates. And the exemption is federal: state treatment of a national muni fund depends on where you live.prnewswire.com

Full SCNM profile⁠

Full VCRM profile⁠

SCNM vs VCRM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SCNM vs VCRM Cost

Overpaying SCNM vs VCRM

$4,606

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCNM 0.35%

    $7,126

  • VCRM 0.12%

    $2,520

$10,000
30 years

Cost over time

  • SCNM 0.35%
  • VCRM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530SCNM $7,126VCRM $2,520

Year by year

YearSCNMVCRMOverpaying
10$634$220$414
20$2,454$859$1,595
30$7,126$2,520$4,606

Expense ratio

  • 0.35%SCNM
  • 0.12%VCRM, cheaper
  • Middle half of Other Municipal Bond funds
  • Median 0.30%

VCRM 8th cheapest of 63 funds

SCNM 37th cheapest of 63 funds

SCNM vs VCRM Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
SCNM No data
VCRM 3.75%
Payout (12M)
SCNM No data
VCRM $2.80
Last payment
SCNM $0.08
VCRM $0.21
Ex-dividend
SCNM Nov 2, 2026
VCRM Nov 2, 2026
Paid on
SCNM Nov 4, 2026
VCRM Nov 4, 2026
Frequency
SCNM Monthly
VCRM Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

SCNMMonthly · 11 paymentsAll SCNM payments⁠
One bar per payment. 11 payments from 2024 to 2026 YTD. Dec 30, 2025 $0.06; Feb 2, 2026 $0.04; Mar 2, 2026 $0.07; Apr 1, 2026 $0.07; May 1, 2026 $0.07; Jun 1, 2026 $0.07; Jul 1, 2026 $0.07; Aug 3, 2026 $0.08; Sep 1, 2026 $0.07; Oct 1, 2026 $0.08; Nov 2, 2026 $0.08. Use the arrow keys to read each point.$0$0.252026YTD
VCRMMonthly · 23 paymentsAll VCRM payments⁠
One bar per payment. 23 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.30; Feb 3, 2025 $0.18; Mar 3, 2025 $0.19; Apr 1, 2025 $0.22; May 1, 2025 $0.18; Jun 2, 2025 $0.22; Jul 1, 2025 $0.23; Aug 1, 2025 $0.22; Sep 2, 2025 $0.22; Oct 1, 2025 $0.22; Nov 3, 2025 $0.23; Dec 1, 2025 $0.24; Dec 18, 2025 $0.24; Feb 2, 2026 $0.23; Mar 2, 2026 $0.23; Apr 1, 2026 $0.24; May 1, 2026 $0.24; Jun 1, 2026 $0.22; Jul 1, 2026 $0.24; Aug 3, 2026 $0.24; Sep 1, 2026 $0.25; Oct 1, 2026 $0.21; Nov 2, 2026 $0.21. Use the arrow keys to read each point.$0$0.252026YTD

SCNM vs VCRM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SCNM No dataVCRM 5.6%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
SCNM No dataVCRM −0.32since Dec 2024
Worst fallMax drawdown, 5 years
SCNM No dataVCRM −6.3%since Nov 2024
Market sensitivityBeta, 5 years
SCNM 0.13VCRM 0.17

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