PIMCO Intermediate Municipal Bond Active ETF (MUNI) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MUNI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MUNI
MUNI charges 0.35% annually. There are 97 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | MUNI vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | MUNI vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 59.79M | Aug 2025 | MUNI vs TAXT | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | 45.70B | Aug 2015 | MUNI vs VTEB | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | MUNI vs TAXI |
Best Risk-Adjusted Alternatives to MUNI
MUNI has a PortfoliosLab risk / return rank of 76. There are 36 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | MUNI vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | MUNI vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 230.57M | Nov 2018 | MUNI vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | MUNI vs MEAR | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | MUNI vs BSMR |
Top Performing MUNI Alternatives (YTD)
MUNI is at 1.28% YTD. There are 65 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.13%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 4.13% | 30.60M | Sep 2019 | MUNI vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.76% | 138.42M | Jun 2013 | MUNI vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.39% | 18.90M | Sep 2016 | MUNI vs MFLX | |
| Invesco New York AMT-Free Municipal Bond ETF | 3.19% | 134.60M | Oct 2007 | MUNI vs PZT | |
| T. Rowe Price High Income Municipal ETF | 3.19% | 25.30M | Nov 2025 | MUNI vs THYM |
Lowest Volatility Alternatives to MUNI
MUNI has 2.27% 1-year volatility. There are 48 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | MUNI vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | MUNI vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | MUNI vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | MUNI vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | MUNI vs MYMF |
Lowest Drawdown Alternatives to MUNI
MUNI has a 1-year max drawdown of -2.29%. There are 41 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 230.57M | Nov 2018 | MUNI vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | MUNI vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | MUNI vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | MUNI vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | MUNI vs GUMI |
Other ETFs from PIMCO
The 10 most viewed PIMCO ETFs shown here include MINT, PYLD, BOND and span 11 categories. AUM among these funds goes as high as $16B.
Often Compared With MUNI
Investors most often compare MUNI with MUB, HMOP, SCMBX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare MUNI with Any Fund or Stock
Compare MUNI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MUNI with funds that move differently
PIMCO Intermediate Municipal Bond Active ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MUNI.
Explore MUNI Diversifiers