- Issuer
- Invesco
- Inception Date
- Jul 21, 2025
- Region
- North America (U.S.)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
INTM Performance Chart
Invesco Intermediate Municipal ETF (INTM) is up 2.6% since the beginning of the year. INTM is currently trading at $52 per share.
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Returns By Period
Invesco Intermediate Municipal ETF
- 1D
- -0.08%
- 1M
- 1.49%
- YTD
- 2.64%
- 6M
- 2.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
INTM Monthly Returns History
Based on dividend-adjusted daily data since Jul 23, 2025, INTM's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.
Historically, 92% of months were positive and 8% were negative. The best month was Oct 2025 with a return of +1.7%, while the worst month was Mar 2026 at -2.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 1 months.
On a daily basis, INTM closed higher 61% of trading days. The best single day was Sep 5, 2025 with a return of +0.7%, while the worst single day was Mar 24, 2026 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.86% | 1.27% | -2.15% | 1.18% | 0.44% | 1.05% | 2.64% | ||||||
| 2025 | 0.15% | 0.51% | 1.46% | 1.71% | 0.49% | 0.32% | 4.72% |
Benchmark Metrics
Invesco Intermediate Municipal ETF has an annualized alpha of 7.87%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 23, 2025.
- This ETF captured 23.99% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.39%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.01 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 0.01 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
- 7.87%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 23.99%
- Downside Capture
- -6.39%
Expense Ratio
INTM has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Intermediate Municipal ETF (INTM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INTM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Invesco Intermediate Municipal ETF provided a 2.60% dividend yield over the last twelve months, with an annual payout of $1.36 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.36 | $0.59 |
Dividend yield | 2.60% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Intermediate Municipal ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $0.00 | $0.77 | ||||||
| 2025 | $0.15 | $0.15 | $0.15 | $0.15 | $0.59 |
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 Invesco Intermediate Municipal 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 Invesco Intermediate Municipal ETF was 2.65%, occurring on Mar 27, 2026. Recovery took 55 trading sessions.
The current Invesco Intermediate Municipal ETF drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.65%Mar 2026 | 23d | 2mo 21d | 3mo 14dMar 2026 - Jun 2026 |
2025 pullback2025 | -0.59%Sep 2025 | 6d | 8d | 14dSep 2025 - Oct 2025 |
2025 pullback2025 | -0.43%Oct 2025 | 1d | 12d | 13dOct 2025 - Nov 2025 |
2025 pullback2025 | -0.28%Nov 2025 | 0s | 1d | 1dNov 2025 - Nov 2025 |
2026 pullback2026 | -0.24%Jan 2026 | 1d | 6d | 7dJan 2026 - Jan 2026 |
Drawdown Indicators
| INTM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.65% | -56.78% | +54.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.08% | -2.49% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -10.72% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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