VanEck Intermediate Muni ETF (ITM)
ITM is a passive ETF by VanEck tracking the investment results of the Bloomberg AMT-Free Intermediate Continuous. ITM launched on Dec 4, 2007 and has a 0.24% expense ratio.
ETF Info
| ISIN | US92189H2013 |
|---|---|
| CUSIP | 92189H201 |
| Issuer | VanEck |
| Inception Date | Dec 4, 2007 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg AMT-Free Intermediate Continuous |
| Home Page | www.vaneck.com |
| Asset Class | Bond |
Expense Ratio
ITM has an expense ratio of 0.24%, which is considered low compared to other funds.
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.
Popular comparisons: ITM vs. HYMB, ITM vs. MUB, ITM vs. MUST, ITM vs. VTEB, ITM vs. FTABX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in VanEck Intermediate Muni ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
VanEck Intermediate Muni ETF had a return of 0.20% year-to-date (YTD) and 6.18% in the last 12 months. Over the past 10 years, VanEck Intermediate Muni ETF had an annualized return of 2.09%, while the S&P 500 had an annualized return of 11.39%, indicating that VanEck Intermediate Muni ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.20% | 25.45% |
| 1 month | -0.95% | 2.91% |
| 6 months | 1.36% | 14.05% |
| 1 year | 6.18% | 35.64% |
| 5 years (annualized) | 0.55% | 14.13% |
| 10 years (annualized) | 2.09% | 11.39% |
Monthly Returns
The table below presents the monthly returns of ITM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.70% | 0.29% | -0.26% | -1.25% | -0.72% | 1.23% | 1.25% | 0.57% | 1.27% | -1.73% | 0.20% | ||
| 2023 | 2.59% | -2.54% | 2.29% | -0.16% | -0.96% | 0.89% | 0.28% | -1.38% | -2.62% | -1.21% | 5.62% | 3.08% | 5.69% |
| 2022 | -3.43% | -0.44% | -3.75% | -3.62% | 1.99% | -1.38% | 2.81% | -2.83% | -4.10% | -0.03% | 5.34% | 0.17% | -9.33% |
| 2021 | 0.28% | -2.00% | 0.50% | 0.95% | 0.25% | 0.36% | 0.74% | -0.36% | -1.08% | -0.30% | 0.87% | 0.04% | 0.21% |
| 2020 | 1.99% | 1.27% | -4.98% | -2.10% | 5.78% | 0.70% | 1.91% | -0.61% | -0.13% | -0.41% | 1.83% | 0.84% | 5.87% |
| 2019 | 0.86% | 0.58% | 1.72% | 0.42% | 1.81% | 0.29% | 0.99% | 2.01% | -1.29% | 0.18% | -0.08% | 0.59% | 8.33% |
| 2018 | -1.58% | -0.86% | 0.56% | -0.57% | 1.36% | -0.03% | 0.26% | 0.41% | -1.16% | -0.71% | 1.42% | 1.92% | 0.97% |
| 2017 | 0.82% | 0.62% | 0.00% | 1.05% | 2.01% | -0.43% | 0.97% | 0.85% | -0.72% | 0.31% | -0.54% | 1.07% | 6.13% |
| 2016 | 1.33% | 0.03% | 0.05% | 1.19% | -0.07% | 1.99% | -0.03% | 0.14% | -0.59% | -1.05% | -5.46% | 1.57% | -1.11% |
| 2015 | 2.24% | -1.75% | 0.51% | -0.77% | -1.00% | -0.25% | 0.91% | 0.15% | 1.40% | 0.36% | 0.53% | 1.31% | 3.63% |
| 2014 | 3.00% | 1.19% | -0.28% | 1.71% | 1.24% | -0.22% | 0.25% | 1.42% | -0.13% | 0.67% | 0.20% | 0.83% | 10.28% |
| 2013 | 0.00% | 0.25% | -0.83% | 1.92% | -3.55% | -3.65% | 0.18% | -1.56% | 3.38% | 0.94% | -0.54% | -0.94% | -4.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ITM is 38, 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
VanEck Intermediate Muni ETF provided a 2.69% dividend yield over the last twelve months, with an annual payout of $1.24 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.24 | $1.13 | $0.88 | $0.87 | $1.11 | $1.16 | $1.11 | $1.06 | $1.06 | $1.09 | $1.15 | $1.16 |
Dividend yield | 2.69% | 2.39% | 1.92% | 1.70% | 2.13% | 2.32% | 2.34% | 2.21% | 2.29% | 2.27% | 2.43% | 2.63% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Intermediate Muni 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.10 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.11 | $1.04 | |
| 2023 | $0.00 | $0.09 | $0.08 | $0.11 | $0.09 | $0.10 | $0.09 | $0.10 | $0.09 | $0.09 | $0.10 | $0.20 | $1.13 |
| 2022 | $0.00 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.07 | $0.07 | $0.08 | $0.16 | $0.88 |
| 2021 | $0.00 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.14 | $0.87 |
| 2020 | $0.00 | $0.10 | $0.08 | $0.10 | $0.09 | $0.09 | $0.08 | $0.09 | $0.08 | $0.08 | $0.09 | $0.23 | $1.11 |
| 2019 | $0.00 | $0.10 | $0.09 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.24 | $1.16 |
| 2018 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.19 | $1.11 |
| 2017 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.18 | $1.06 |
| 2016 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.18 | $1.06 |
| 2015 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.18 | $1.09 |
| 2014 | $0.00 | $0.10 | $0.09 | $0.10 | $0.09 | $0.10 | $0.09 | $0.10 | $0.10 | $0.09 | $0.10 | $0.19 | $1.15 |
| 2013 | $0.10 | $0.09 | $0.10 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.16 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Intermediate Muni 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 VanEck Intermediate Muni ETF was 24.75%, occurring on Mar 19, 2020. Recovery took 92 trading sessions.
The current VanEck Intermediate Muni ETF drawdown is 4.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.75% | Mar 10, 2020 | 8 | Mar 19, 2020 | 92 | Jul 30, 2020 | 100 |
| -15.11% | Jul 21, 2021 | 319 | Oct 24, 2022 | — | — | — |
| -13.58% | Sep 12, 2008 | 24 | Oct 16, 2008 | 57 | Jan 9, 2009 | 81 |
| -10.99% | Dec 3, 2012 | 140 | Jun 24, 2013 | 226 | May 16, 2014 | 366 |
| -8.91% | Aug 27, 2010 | 113 | Feb 7, 2011 | 123 | Aug 3, 2011 | 236 |
Volatility
Volatility Chart
The current VanEck Intermediate Muni ETF volatility is 1.93%, 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.