BlackRock Intermediate Muni Income Bond ETF (INMU)

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BlackRock Intermediate Muni Income Bond ETF (INMU) is up 1.7% since the beginning of the year. INMU is currently trading at $24 per share. Investors who bought $1,000 worth of INMU shares 5 years ago would now be looking at an investment worth $1,092.

BlackRock Intermediate Muni Income Bond ETF (INMU) has returned 1.73% so far this year and 7.17% over the past 12 months.

Based on dividend-adjusted daily data since Mar 18, 2021, INMU's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 63% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +5.9%, while the worst month was Sep 2022 at -3.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, INMU closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +1.4%, while the worst single day was Apr 8, 2025 at -2.2%.

BlackRock Intermediate Muni Income Bond ETF has an annualized alpha of 1.64%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since March 19, 2021.

• This ETF participated in 28.93% of S&P 500 Index downside but only 17.55% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.04 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

INMU has an expense ratio of 0.30%, placing it in the medium range.

INMU ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) and compare them to S&P 500 Index.

BlackRock Intermediate Muni Income Bond ETF provided a 3.36% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 4 consecutive years.

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

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock Intermediate Muni Income 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 BlackRock Intermediate Muni Income Bond ETF was 10.67%, occurring on Oct 31, 2022. Recovery took 438 trading sessions.

The current BlackRock Intermediate Muni Income Bond ETF drawdown is 0.66%.

The chart below shows the rolling one-month volatility.