BKMI vs. IBMM

Last updated Jun 4, 2026

BKMI (BNY Mellon Municipal Intermediate ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. BKMI is actively managed, while IBMM is passively managed. BKMI charges 0.35%/yr vs 0.18%/yr for IBMM.

Performance

BKMI vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Municipal Intermediate ETF (BKMI) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKMI

• 1D: -0.06%
• 1M: 0.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKMI vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
BKMI BNY Mellon Municipal Intermediate ETF	-0.49%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

BKMI vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Intermediate ETF (BKMI) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BKMI	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	—	—

Drawdowns

BKMI vs. IBMM - Drawdown Comparison

The maximum BKMI drawdown since its inception was -2.99%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BKMI and IBMM.

Drawdown Indicators

	BKMI	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-2.99%	0.00%	-2.99%
Current Drawdown Current decline from peak	-1.23%	0.00%	-1.23%
Average Drawdown Average peak-to-trough decline	-1.17%	0.00%	-1.17%

Volatility

Volatility by Period

	BKMI	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.88%	0.00%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.88%	0.00%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.88%	0.00%	+2.88%

BKMI vs. IBMM - Expense Ratio Comparison

BKMI has a 0.35% expense ratio, which is higher than IBMM's 0.18% expense ratio.

Dividends

BKMI vs. IBMM - Dividend Comparison

BKMI's dividend yield for the trailing twelve months is around 0.98%, while IBMM has not paid dividends to shareholders.

Position	TTM
BKMI BNY Mellon Municipal Intermediate ETF	0.98%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Frequently Asked Questions

Which ETF is better, BKMI or IBMM?

On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKMI or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.35% for BKMI.

Which ETF pays a higher dividend yield, BKMI or IBMM?

BKMI has the higher dividend yield at 0.98%, compared with 0.00% for IBMM.

What is the main difference between BKMI and IBMM?

They also come from different issuers: BNY Mellon and iShares. Their fees differ too: 0.35% for BKMI and 0.18% for IBMM.