AVMU vs. IBMO
AVMU (Avantis Core Municipal Fixed Income ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both Municipal Bonds funds. AVMU is actively managed, while IBMO is passively managed. Over the past 5 years, AVMU returned 0.97%/yr vs 0.67%/yr for IBMO. A 0.56 correlation means they provide meaningful diversification when combined. AVMU charges 0.15%/yr vs 0.18%/yr for IBMO.
Performance
AVMU vs. IBMO - Performance Comparison
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Returns By Period
In the year-to-date period, AVMU achieves a 1.96% return, which is significantly higher than IBMO's 0.97% return.
AVMU
- 1D
- 0.23%
- 1M
- 1.50%
- YTD
- 1.96%
- 6M
- 2.24%
- 1Y
- 8.20%
- 3Y*
- 3.61%
- 5Y*
- 0.97%
- 10Y*
- —
IBMO
- 1D
- -0.03%
- 1M
- 0.17%
- YTD
- 0.97%
- 6M
- 0.96%
- 1Y
- 2.54%
- 3Y*
- 2.82%
- 5Y*
- 0.67%
- 10Y*
- —
AVMU vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | 1.96% | 3.87% | 1.72% | 5.18% | -7.33% | 0.27% | 0.29% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 0.97% | 3.11% | 1.97% | 2.90% | -5.36% | -0.16% | 0.07% |
Correlation
The correlation between AVMU and IBMO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.56 |
Over the past year, the correlation between AVMU and IBMO has dropped to 0.06 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
AVMU vs. IBMO — Risk / Return Rank
AVMU
IBMO
AVMU vs. IBMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Municipal Fixed Income ETF (AVMU) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AVMU | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.49 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 7.02 | -4.52 |
| Martin ratioReturn relative to average drawdown | 9.36 | 20.83 | -11.48 |
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Drawdowns
AVMU vs. IBMO - Drawdown Comparison
The maximum AVMU drawdown since its inception was -12.41%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for AVMU and IBMO.
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Drawdown Indicators
| AVMU | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.41% | -14.77% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -0.38% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -6.38% | -1.76% | -4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -12.41% | -8.86% | -3.55% |
Current DrawdownCurrent decline from peak | -0.29% | -0.05% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -2.31% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.13% | +0.75% |
Volatility
AVMU vs. IBMO - Volatility Comparison
Avantis Core Municipal Fixed Income ETF (AVMU) has a higher volatility of 0.86% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.22%. This indicates that AVMU's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVMU | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.22% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 0.80% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 1.10% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 2.14% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.98% | 4.50% | -0.52% |
AVMU vs. IBMO - Expense Ratio Comparison
AVMU has a 0.15% expense ratio, which is lower than IBMO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AVMU vs. IBMO - Dividend Comparison
AVMU's dividend yield for the trailing twelve months is around 3.48%, more than IBMO's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | 3.48% | 3.50% | 3.32% | 2.50% | 1.29% | 0.77% | 0.00% | 0.00% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.39% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
Frequently Asked Questions
AVMU and IBMO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVMU has higher volatility (0.86%) compared to IBMO (0.22%). In terms of maximum drawdown, AVMU dropped -12.41% vs IBMO's -14.77%.
On 5-year performance, AVMU leads with 0.97% vs 0.67% for IBMO. On fees, AVMU is cheaper at 0.15% per year. On volatility, IBMO has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVMU has performed better with a 0.97% return vs 0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVMU is cheaper with a 0.15% expense ratio, compared with 0.18% for IBMO.
AVMU has the higher dividend yield at 3.48%, compared with 2.39% for IBMO.
They also come from different issuers: Avantis and iShares. Their fees differ too: 0.15% for AVMU and 0.18% for IBMO.
AVMU currently has the higher Sharpe Ratio (2.56 vs 2.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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