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BlackRock Intermediate Muni Income Bond ETF (INMU)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US0925282073
Issuer
BlackRock
Inception Date
Mar 16, 2021
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in BlackRock Intermediate Muni Income 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.


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S&P 500 Index

Returns By Period

BlackRock Intermediate Muni Income Bond ETF (INMU) has returned -0.03% so far this year and 4.63% over the past 12 months.


BlackRock Intermediate Muni Income Bond ETF

1D
0.21%
1M
-2.38%
YTD
-0.03%
6M
1.59%
1Y
4.63%
3Y*
3.98%
5Y*
1.73%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Mar 18, 2021, INMU's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, your investment would double in approximately 36.1 years.

Historically, 61% of months were positive and 39% 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 50% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.16%1.23%-2.38%-0.03%
20250.55%1.28%-1.00%-1.16%0.47%0.65%-0.03%1.11%1.93%1.15%0.21%0.26%5.52%
20240.09%0.02%0.41%-0.95%0.24%0.67%1.55%0.75%0.85%-0.85%0.98%-0.99%2.77%
20232.54%-1.37%1.55%0.12%-1.12%1.27%0.35%-1.12%-2.21%-1.32%5.86%2.05%6.50%
2022-2.19%-0.26%-2.67%-1.97%0.69%-0.59%1.96%-1.63%-3.58%-0.65%3.37%-0.35%-7.78%
20210.34%1.03%0.39%0.42%0.81%-0.12%-0.51%-0.21%0.37%0.29%2.84%

Benchmark Metrics

BlackRock Intermediate Muni Income Bond ETF has an annualized alpha of 1.47%, 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 29.53% of S&P 500 Index downside but only 18.78% 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.

Alpha
1.47%
Beta
0.04
0.03
Upside Capture
18.78%
Downside Capture
29.53%

Expense Ratio

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


Return for Risk

Risk / Return Rank

INMU ranks 57 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


INMU Risk / Return Rank: 5757
Overall Rank
INMU Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
INMU Sortino Ratio Rank: 4949
Sortino Ratio Rank
INMU Omega Ratio Rank: 7171
Omega Ratio Rank
INMU Calmar Ratio Rank: 5656
Calmar Ratio Rank
INMU Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

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


INMUBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.07

0.90

+0.18

Sortino ratio

Return per unit of downside risk

1.37

1.39

-0.02

Omega ratio

Gain probability vs. loss probability

1.27

1.21

+0.06

Calmar ratio

Return relative to maximum drawdown

1.51

1.40

+0.11

Martin ratio

Return relative to average drawdown

5.35

6.61

-1.26

Explore INMU risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

BlackRock Intermediate Muni Income Bond ETF provided a 3.43% dividend yield over the last twelve months, with an annual payout of $0.82 per share. The fund has been increasing its distributions for 4 consecutive years.


1.00%1.50%2.00%2.50%3.00%3.50%$0.00$0.20$0.40$0.60$0.8020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$0.82$0.84$0.82$0.82$0.44$0.29

Dividend yield

3.43%3.48%3.47%3.44%1.92%1.14%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.06$0.07$0.13
2025$0.00$0.07$0.07$0.07$0.06$0.07$0.07$0.07$0.07$0.07$0.07$0.14$0.84
2024$0.00$0.07$0.07$0.08$0.07$0.06$0.07$0.07$0.06$0.07$0.06$0.14$0.82
2023$0.00$0.08$0.06$0.06$0.06$0.06$0.07$0.07$0.08$0.07$0.07$0.14$0.82
2022$0.00$0.03$0.03$0.03$0.03$0.03$0.02$0.04$0.04$0.04$0.04$0.11$0.44
2021$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.13$0.29

Drawdowns

Drawdowns Chart

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.


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Worst Drawdowns

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 2.38%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-10.67%Aug 6, 2021312Oct 31, 2022438Jul 31, 2024750
-3.63%Mar 3, 202527Apr 8, 202599Aug 29, 2025126
-2.58%Mar 2, 202621Mar 30, 2026
-2.07%Dec 11, 202422Jan 14, 202528Feb 25, 202550
-2.06%Sep 17, 202437Nov 6, 202419Dec 4, 202456

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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