ITM vs. MUB
Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and iShares National AMT-Free Muni Bond ETF (MUB).
ITM and MUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007. Both ITM and MUB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITM or MUB.
Key characteristics
| ITM | MUB | |
|---|---|---|
| YTD Return | 0.20% | 1.25% |
| 1Y Return | 6.18% | 6.33% |
| 3Y Return (Ann) | -1.23% | -0.18% |
| 5Y Return (Ann) | 0.55% | 1.15% |
| 10Y Return (Ann) | 2.09% | 2.15% |
| Sharpe Ratio | 1.54 | 1.62 |
| Sortino Ratio | 2.25 | 2.37 |
| Omega Ratio | 1.29 | 1.31 |
| Calmar Ratio | 0.59 | 0.88 |
| Martin Ratio | 5.35 | 6.96 |
| Ulcer Index | 1.17% | 0.93% |
| Daily Std Dev | 4.06% | 3.98% |
| Max Drawdown | -24.75% | -13.68% |
| Current Drawdown | -4.98% | -1.52% |
Correlation
The correlation between ITM and MUB is 0.59, 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.
Performance
ITM vs. MUB - Performance Comparison
In the year-to-date period, ITM achieves a 0.20% return, which is significantly lower than MUB's 1.25% return. Both investments have delivered pretty close results over the past 10 years, with ITM having a 2.09% annualized return and MUB not far ahead at 2.15%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ITM vs. MUB - Expense Ratio Comparison
ITM has a 0.24% expense ratio, which is higher than MUB's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ITM vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) and iShares National AMT-Free Muni Bond ETF (MUB). 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.
Dividends
ITM vs. MUB - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.69%, less than MUB's 2.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.69% | 2.39% | 1.92% | 1.70% | 2.13% | 2.32% | 2.34% | 2.21% | 2.29% | 2.27% | 2.43% | 2.63% |
MUB iShares National AMT-Free Muni Bond ETF | 2.96% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
ITM vs. MUB - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for ITM and MUB. For additional features, visit the drawdowns tool.
Volatility
ITM vs. MUB - Volatility Comparison
VanEck Intermediate Muni ETF (ITM) and iShares National AMT-Free Muni Bond ETF (MUB) have volatilities of 1.93% and 1.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.