INMU vs. BLCR

Last updated Aug 4, 2026

INMU (BlackRock Intermediate Muni Income Bond ETF) and BLCR (Blackrock Large Cap Core ETF) are both exchange-traded funds - INMU is a Municipal Bonds fund actively managed by BlackRock, while BLCR is a Large Cap Blend Equities fund actively managed by BlackRock. Both are actively managed. Over the past year, INMU returned 4.95% vs 35.01% for BLCR. Their 0.13 correlation means their historical movements had little consistent relationship. INMU charges 0.30%/yr vs 0.36%/yr for BLCR.

Performance

INMU vs. BLCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Intermediate Muni Income Bond ETF (INMU) and Blackrock Large Cap Core ETF (BLCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INMU achieves a 0.65% return, which is significantly lower than BLCR's 17.25% return.

INMU

• 1D: 0.12%
• 1M: -1.65%
• 6M: -0.66%
• YTD: 0.65%
• 1Y: 4.95%
• 3Y*: 4.27%
• 5Y*: 1.36%
• 10Y*: —
• ALL TIME*: 1.83%

BLCR

• 1D: 1.95%
• 1M: 0.40%
• 6M: 12.74%
• YTD: 17.25%
• 1Y: 35.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLCR Blackrock Large Cap Core ETF	$17.79M	$18.82M	$32.47M
INMU BlackRock Intermediate Muni Income Bond ETF	$5.47M	$4.77M	$4.63M

INMU vs. BLCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
INMU BlackRock Intermediate Muni Income Bond ETF	0.65%	5.52%	2.77%	7.29%
BLCR Blackrock Large Cap Core ETF	17.25%	30.93%	17.07%	13.54%

Correlation

The correlation between INMU and BLCR is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.13

The correlation between INMU and BLCR shifts across timeframes, from 0.13 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

INMU vs. BLCR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INMU

INMU Risk / Return Rank: 70
INMU Sharpe Ratio Rank: 80
INMU Sortino Ratio Rank: 80
INMU Omega Ratio Rank: 88
INMU Calmar Ratio Rank: 50
INMU Martin Ratio Rank: 49

BLCR

BLCR Risk / Return Rank: 84
BLCR Sharpe Ratio Rank: 85
BLCR Sortino Ratio Rank: 83
BLCR Omega Ratio Rank: 80
BLCR Calmar Ratio Rank: 86
BLCR Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INMU vs. BLCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) and Blackrock Large Cap Core ETF (BLCR). 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.

	INMU	BLCR	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.04	-0.09
Sortino ratio: Return per unit of downside risk	2.77	2.80	-0.03
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio: Return relative to maximum drawdown	1.92	3.43	-1.50
Martin ratio: Return relative to average drawdown	5.95	13.68	-7.74

INMU vs. BLCR - Sharpe Ratio Comparison

The current INMU Sharpe Ratio is 1.96, which is comparable to the BLCR Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of INMU and BLCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INMU vs. BLCR - Drawdown Comparison

The maximum INMU drawdown since its inception was -10.67%, smaller than the maximum BLCR drawdown of -21.29%. Use the drawdown chart below to compare losses from any high point for INMU and BLCR.

Drawdown Indicators

	INMU	BLCR	Difference
Max Drawdown Largest peak-to-trough decline	-10.67%	-21.29%	+10.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	-10.26%	+7.68%
Max Drawdown (3Y) Largest decline over 3 years	-4.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.67%	—	—
Current Drawdown Current decline from peak	-1.71%	-2.30%	+0.59%
Average Drawdown Average peak-to-trough decline	-2.75%	-2.24%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	2.57%	-1.74%

Volatility

INMU vs. BLCR - Volatility Comparison

The current volatility for BlackRock Intermediate Muni Income Bond ETF (INMU) is 0.79%, while Blackrock Large Cap Core ETF (BLCR) has a volatility of 5.86%. This indicates that INMU experiences smaller price fluctuations and is considered to be less risky than BLCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INMU	BLCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	5.86%	-5.07%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	13.89%	-11.89%
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	17.25%	-14.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.62%	17.73%	-14.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.51%	17.73%	-14.22%

INMU vs. BLCR - Expense Ratio Comparison

INMU has a 0.30% expense ratio, which is lower than BLCR's 0.36% expense ratio.

Dividends

INMU vs. BLCR - Dividend Comparison

INMU's dividend yield for the trailing twelve months is around 3.41%, more than BLCR's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021
BLCR Blackrock Large Cap Core ETF	0.29%	0.33%	0.75%	0.13%	0.00%	0.00%
INMU BlackRock Intermediate Muni Income Bond ETF	3.41%	3.48%	3.47%	3.44%	1.92%	1.14%

Frequently Asked Questions

Can I hold both INMU and BLCR in my portfolio?

INMU and BLCR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INMU or BLCR?

BLCR has higher volatility (5.86%) compared to INMU (0.79%). In terms of maximum drawdown, INMU dropped -10.67% vs BLCR's -21.29%.

Which ETF is better, INMU or BLCR?

On 1-year performance, BLCR leads with 35.01% vs 4.95% for INMU. On fees, INMU is cheaper at 0.30% per year. On volatility, INMU has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INMU or BLCR?

Over the 1-year period, BLCR has performed better with a 35.01% return vs 4.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INMU or BLCR?

INMU is cheaper with a 0.30% expense ratio, compared with 0.36% for BLCR.

Which ETF pays a higher dividend yield, INMU or BLCR?

INMU has the higher dividend yield at 3.41%, compared with 0.29% for BLCR.

What is the main difference between INMU and BLCR?

INMU is categorized as Municipal Bonds, while BLCR is Large Cap Blend Equities. Their fees differ too: 0.30% for INMU and 0.36% for BLCR.

Which has better risk-adjusted returns?

BLCR currently has the higher Sharpe Ratio (2.04 vs 1.96), 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.