INTM vs. IBMM

Last updated Jun 5, 2026

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

Performance

INTM vs. IBMM - Performance Comparison

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

Returns By Period

INTM

• 1D: 0.08%
• 1M: 0.72%
• YTD: 1.82%
• 6M: 2.27%
• 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)

INTM vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
INTM Invesco Intermediate Municipal ETF	0.63%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

INTM vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Intermediate Municipal ETF (INTM) 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

	INTM	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.05	—	—

Drawdowns

INTM vs. IBMM - Drawdown Comparison

The maximum INTM drawdown since its inception was -2.65%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for INTM and IBMM.

Drawdown Indicators

	INTM	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-2.65%	0.00%	-2.65%
Current Drawdown Current decline from peak	-0.54%	0.00%	-0.54%
Average Drawdown Average peak-to-trough decline	-0.48%	0.00%	-0.48%

Volatility

Volatility by Period

	INTM	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.53%	0.00%	+2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.53%	0.00%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.53%	0.00%	+2.53%

INTM vs. IBMM - Expense Ratio Comparison

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

Dividends

INTM vs. IBMM - Dividend Comparison

INTM's dividend yield for the trailing twelve months is around 2.62%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%
INTM Invesco Intermediate Municipal ETF	2.62%	1.15%

Frequently Asked Questions

Which ETF is better, INTM 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, INTM or IBMM?

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

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

INTM has the higher dividend yield at 2.62%, compared with 0.00% for IBMM.

What is the main difference between INTM and IBMM?

They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for INTM and 0.18% for IBMM.