INTM vs. IBMO
INTM (Invesco Intermediate Municipal ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both Municipal Bonds funds. INTM is actively managed, while IBMO is passively managed. At a 0.11 correlation, their price movements are largely independent. INTM charges 0.35%/yr vs 0.18%/yr for IBMO.
Performance
INTM vs. IBMO - Performance Comparison
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Returns By Period
In the year-to-date period, INTM achieves a 2.64% return, which is significantly higher than IBMO's 0.97% return.
INTM
- 1D
- -0.08%
- 1M
- 1.55%
- YTD
- 2.64%
- 6M
- 2.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMO
- 1D
- -0.03%
- 1M
- 0.17%
- YTD
- 0.97%
- 6M
- 0.96%
- 1Y
- 2.54%
- 3Y*
- 2.82%
- 5Y*
- 0.67%
- 10Y*
- —
INTM vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INTM Invesco Intermediate Municipal ETF | 2.64% | 4.72% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 0.97% | 1.32% |
Correlation
The correlation between INTM and IBMO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.11 |
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Return for Risk
INTM vs. IBMO — Risk / Return Rank
INTM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBMO
INTM vs. IBMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Intermediate Municipal ETF (INTM) 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.
| INTM | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.02 | — |
| Martin ratioReturn relative to average drawdown | — | 20.83 | — |
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Drawdowns
INTM vs. IBMO - Drawdown Comparison
The maximum INTM drawdown since its inception was -2.65%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for INTM and IBMO.
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Drawdown Indicators
| INTM | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.65% | -14.77% | +12.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.86% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.05% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -2.31% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.13% | — |
Volatility
INTM vs. IBMO - Volatility Comparison
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Volatility by Period
| INTM | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 1.10% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.52% | 2.14% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.52% | 4.50% | -1.98% |
INTM vs. IBMO - Expense Ratio Comparison
INTM has a 0.35% expense ratio, which is higher than IBMO's 0.18% expense ratio.
Dividends
INTM vs. IBMO - Dividend Comparison
INTM's dividend yield for the trailing twelve months is around 2.60%, more than IBMO's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
INTM Invesco Intermediate Municipal ETF | 2.60% | 1.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INTM and IBMO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBMO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.35% for INTM.
INTM has the higher dividend yield at 2.60%, compared with 2.39% for IBMO.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for INTM and 0.18% for IBMO.
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