ITM vs. PUSH
Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and PGIM Ultra Short Municipal Bond ETF (PUSH).
ITM and PUSH 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. PUSH is an actively managed fund by PGIM. It was launched on Jun 24, 2024.
Performance
ITM vs. PUSH - Performance Comparison
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ITM vs. PUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ITM VanEck Intermediate Muni ETF | -1.09% | 5.34% | 2.19% |
PUSH PGIM Ultra Short Municipal Bond ETF | 0.64% | 4.16% | 1.74% |
Returns By Period
In the year-to-date period, ITM achieves a -1.09% return, which is significantly lower than PUSH's 0.64% return.
ITM
- 1D
- 0.28%
- 1M
- -2.99%
- YTD
- -1.09%
- 6M
- 1.07%
- 1Y
- 5.07%
- 3Y*
- 2.74%
- 5Y*
- 0.39%
- 10Y*
- 1.92%
PUSH
- 1D
- 0.01%
- 1M
- -0.37%
- YTD
- 0.64%
- 6M
- 1.46%
- 1Y
- 3.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ITM vs. PUSH - Expense Ratio Comparison
ITM has a 0.24% expense ratio, which is higher than PUSH's 0.15% 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%.
Return for Risk
ITM vs. PUSH — Risk / Return Rank
ITM
PUSH
ITM vs. PUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) and PGIM Ultra Short Municipal Bond ETF (PUSH). 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.
| ITM | PUSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 2.27 | -1.06 |
Sortino ratioReturn per unit of downside risk | 1.51 | 3.31 | -1.80 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.61 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 4.34 | -2.78 |
Martin ratioReturn relative to average drawdown | 5.33 | 15.34 | -10.02 |
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
| ITM | PUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.27 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 2.84 | -2.41 |
Correlation
The correlation between ITM and PUSH is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ITM vs. PUSH - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.93%, less than PUSH's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.93% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
PUSH PGIM Ultra Short Municipal Bond ETF | 3.60% | 3.45% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITM vs. PUSH - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, which is greater than PUSH's maximum drawdown of -0.85%. Use the drawdown chart below to compare losses from any high point for ITM and PUSH.
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Drawdown Indicators
| ITM | PUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -0.85% | -23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -0.85% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -0.37% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -0.11% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.24% | +0.76% |
Volatility
ITM vs. PUSH - Volatility Comparison
VanEck Intermediate Muni ETF (ITM) has a higher volatility of 1.35% compared to PGIM Ultra Short Municipal Bond ETF (PUSH) at 0.23%. This indicates that ITM's price experiences larger fluctuations and is considered to be riskier than PUSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITM | PUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.23% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.08% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 1.64% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 1.33% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 1.33% | +5.77% |