INTM vs. THYM

Last updated Jun 5, 2026

INTM (Invesco Intermediate Municipal ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both exchange-traded funds - INTM is a Municipal Bonds fund actively managed by Invesco, while THYM is a High Yield Muni fund actively managed by T. Rowe Price. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. INTM charges 0.35%/yr vs 0.32%/yr for THYM.

Performance

INTM vs. THYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Intermediate Municipal ETF (INTM) and T. Rowe Price High Income Municipal ETF (THYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INTM achieves a 1.82% return, which is significantly lower than THYM's 3.70% return.

INTM

• 1D: 0.08%
• 1M: 0.72%
• YTD: 1.82%
• 6M: 2.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

THYM

• 1D: 0.36%
• 1M: 1.53%
• YTD: 3.70%
• 6M: 4.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INTM vs. THYM - Yearly Performance Comparison

	2026 (YTD)	2025
INTM Invesco Intermediate Municipal ETF	1.82%	0.38%
THYM T. Rowe Price High Income Municipal ETF	3.70%	0.27%

Correlation

The correlation between INTM and THYM is 0.33, 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 Nov 21, 2025	0.33

Return for Risk

INTM vs. THYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Intermediate Municipal ETF (INTM) and T. Rowe Price High Income Municipal ETF (THYM). 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	THYM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.05	1.77	+1.27

Drawdowns

INTM vs. THYM - Drawdown Comparison

The maximum INTM drawdown since its inception was -2.65%, smaller than the maximum THYM drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for INTM and THYM.

Drawdown Indicators

	INTM	THYM	Difference
Max Drawdown Largest peak-to-trough decline	-2.65%	-2.93%	+0.28%
Current Drawdown Current decline from peak	-0.54%	0.00%	-0.54%
Average Drawdown Average peak-to-trough decline	-0.48%	-0.49%	+0.01%

Volatility

Volatility by Period

	INTM	THYM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.53%	4.35%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.53%	4.35%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.53%	4.35%	-1.82%

INTM vs. THYM - Expense Ratio Comparison

INTM has a 0.35% expense ratio, which is higher than THYM's 0.32% expense ratio.

Dividends

INTM vs. THYM - Dividend Comparison

INTM's dividend yield for the trailing twelve months is around 2.62%, more than THYM's 2.18% yield.

Position	TTM	2025
INTM Invesco Intermediate Municipal ETF	2.62%	1.15%
THYM T. Rowe Price High Income Municipal ETF	2.18%	0.37%

Frequently Asked Questions

Can I hold both INTM and THYM in my portfolio?

INTM and THYM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INTM or THYM?

On fees, THYM is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INTM or THYM?

THYM is cheaper with a 0.32% expense ratio, compared with 0.35% for INTM.

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

INTM has the higher dividend yield at 2.62%, compared with 2.18% for THYM.

What is the main difference between INTM and THYM?

INTM is categorized as Municipal Bonds, while THYM is High Yield Muni. They also come from different issuers: Invesco and T. Rowe Price. Their fees differ too: 0.35% for INTM and 0.32% for THYM.