INMU vs. MUNI
Compare and contrast key facts about BlackRock Intermediate Muni Income Bond ETF (INMU) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
INMU and MUNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
INMU vs. MUNI - Performance Comparison
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INMU vs. MUNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | -0.03% | 5.52% | 2.77% | 6.50% | -7.78% | 2.84% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.11% | 4.72% | 1.43% | 6.07% | -6.62% | 1.49% |
Returns By Period
In the year-to-date period, INMU achieves a -0.03% return, which is significantly lower than MUNI's 0.11% return.
INMU
- 1D
- 0.21%
- 1M
- -2.38%
- YTD
- -0.03%
- 6M
- 1.59%
- 1Y
- 4.63%
- 3Y*
- 3.98%
- 5Y*
- 1.73%
- 10Y*
- —
MUNI
- 1D
- 0.16%
- 1M
- -1.90%
- YTD
- 0.11%
- 6M
- 1.47%
- 1Y
- 4.63%
- 3Y*
- 3.33%
- 5Y*
- 1.30%
- 10Y*
- 2.17%
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INMU vs. MUNI - Expense Ratio Comparison
INMU has a 0.30% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Return for Risk
INMU vs. MUNI — Risk / Return Rank
INMU
MUNI
INMU vs. MUNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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.
| INMU | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.21 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.62 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.65 | -0.14 |
Martin ratioReturn relative to average drawdown | 5.35 | 5.54 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INMU | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.21 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.40 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.77 | -0.26 |
Correlation
The correlation between INMU and MUNI is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
INMU vs. MUNI - Dividend Comparison
INMU's dividend yield for the trailing twelve months is around 3.43%, more than MUNI's 3.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | 3.43% | 3.48% | 3.47% | 3.44% | 1.92% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.28% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
Drawdowns
INMU vs. MUNI - Drawdown Comparison
The maximum INMU drawdown since its inception was -10.67%, roughly equal to the maximum MUNI drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for INMU and MUNI.
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Drawdown Indicators
| INMU | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.67% | -11.15% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -2.93% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -10.67% | -11.15% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.15% | — |
Current DrawdownCurrent decline from peak | -2.38% | -1.90% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -1.74% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.87% | +0.02% |
Volatility
INMU vs. MUNI - Volatility Comparison
BlackRock Intermediate Muni Income Bond ETF (INMU) has a higher volatility of 1.25% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.10%. This indicates that INMU's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INMU | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.10% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 1.51% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 3.86% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 3.30% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 3.85% | -0.27% |