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ActivePassive Intermediate Municipal Bond ETF (APM...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

IssuerActivePassive
Inception DateMay 2, 2023
CategoryMunicipal Bonds
Index TrackedNo Index (Active)
Asset ClassBond

Expense Ratio

APMU has a high expense ratio of 0.36%, indicating higher-than-average management fees.


Expense ratio chart for APMU: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ActivePassive Intermediate Municipal Bond ETF

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ActivePassive Intermediate Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%10.00%20.00%30.00%2024FebruaryMarchAprilMayJune
1.05%
30.73%
APMU (ActivePassive Intermediate Municipal Bond ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

ActivePassive Intermediate Municipal Bond ETF had a return of -0.47% year-to-date (YTD) and 2.40% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date-0.47%13.87%
1 month0.06%2.54%
6 months-0.02%15.10%
1 year2.40%23.18%
5 years (annualized)N/A13.48%
10 years (annualized)N/A10.77%

Monthly Returns

The table below presents the monthly returns of APMU, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.13%-0.02%-0.32%-0.83%-0.40%-0.47%
20230.00%-1.79%0.60%0.03%-0.77%-1.88%-0.08%3.63%1.88%1.52%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of APMU is 43, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of APMU is 4343
APMU (ActivePassive Intermediate Municipal Bond ETF)
The Sharpe Ratio Rank of APMU is 4545Sharpe Ratio Rank
The Sortino Ratio Rank of APMU is 4646Sortino Ratio Rank
The Omega Ratio Rank of APMU is 4343Omega Ratio Rank
The Calmar Ratio Rank of APMU is 4646Calmar Ratio Rank
The Martin Ratio Rank of APMU is 3333Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ActivePassive Intermediate Municipal Bond ETF (APMU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


APMU
Sharpe ratio
The chart of Sharpe ratio for APMU, currently valued at 0.88, compared to the broader market0.002.004.006.000.88
Sortino ratio
The chart of Sortino ratio for APMU, currently valued at 1.34, compared to the broader market0.005.0010.001.34
Omega ratio
The chart of Omega ratio for APMU, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.003.501.15
Calmar ratio
The chart of Calmar ratio for APMU, currently valued at 0.58, compared to the broader market0.005.0010.0015.0020.000.58
Martin ratio
The chart of Martin ratio for APMU, currently valued at 1.91, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.91
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.14, compared to the broader market0.002.004.006.002.14
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.04, compared to the broader market0.005.0010.003.04
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.38, compared to the broader market0.501.001.502.002.503.003.501.38
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.71, compared to the broader market0.005.0010.0015.0020.001.71
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.02, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.02

Sharpe Ratio

The current ActivePassive Intermediate Municipal Bond ETF Sharpe ratio is 0.88. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of ActivePassive Intermediate Municipal Bond ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50Apr 21Apr 28May 05May 12May 19May 26Jun 02Jun 09
0.88
2.14
APMU (ActivePassive Intermediate Municipal Bond ETF)
Benchmark (^GSPC)

Dividends

Dividend History

ActivePassive Intermediate Municipal Bond ETF granted a 2.23% dividend yield in the last twelve months. The annual payout for that period amounted to $0.55 per share.


PeriodTTM2023
Dividend$0.55$0.33

Dividend yield

2.23%1.31%

Monthly Dividends

The table displays the monthly dividend distributions for ActivePassive Intermediate Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.04$0.04$0.05$0.03$0.05$0.22
2023$0.08$0.05$0.04$0.04$0.05$0.07$0.33

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%2024FebruaryMarchAprilMayJune
-0.65%
-0.04%
APMU (ActivePassive Intermediate Municipal Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ActivePassive Intermediate Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ActivePassive Intermediate Municipal Bond ETF was 4.40%, occurring on Oct 6, 2023. Recovery took 42 trading sessions.

The current ActivePassive Intermediate Municipal Bond ETF drawdown is 0.65%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-4.4%May 4, 2023108Oct 6, 202342Dec 6, 2023150
-1.99%Feb 2, 202482May 30, 2024
-0.98%Dec 28, 202318Jan 24, 20246Feb 1, 202424
-0.2%Dec 8, 20231Dec 8, 20233Dec 13, 20234
-0.1%Dec 22, 20231Dec 22, 20232Dec 27, 20233

Volatility

Volatility Chart

The current ActivePassive Intermediate Municipal Bond ETF volatility is 0.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%2024FebruaryMarchAprilMayJune
0.93%
2.26%
APMU (ActivePassive Intermediate Municipal Bond ETF)
Benchmark (^GSPC)