ITM vs. QTUM
ITM (VanEck Intermediate Muni ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - ITM is a Municipal Bonds fund tracking the Bloomberg AMT-Free Intermediate Continuous, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Both are passively managed. Over the past 5 years, ITM returned 0.50%/yr vs 29.15%/yr for QTUM. At a 0.06 correlation, their price movements are largely independent. ITM charges 0.24%/yr vs 0.40%/yr for QTUM.
Performance
ITM vs. QTUM - Performance Comparison
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Returns By Period
In the year-to-date period, ITM achieves a 0.69% return, which is significantly lower than QTUM's 53.29% return.
ITM
- 1D
- 0.24%
- 1M
- 0.81%
- YTD
- 0.69%
- 6M
- 1.44%
- 1Y
- 7.45%
- 3Y*
- 3.73%
- 5Y*
- 0.50%
- 10Y*
- 1.96%
QTUM
- 1D
- -0.59%
- 1M
- 23.63%
- YTD
- 53.29%
- 6M
- 50.69%
- 1Y
- 95.36%
- 3Y*
- 52.22%
- 5Y*
- 29.15%
- 10Y*
- —
ITM vs. QTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 0.69% | 5.34% | 0.73% | 5.69% | -9.33% | 0.21% | 5.87% | 8.46% | 1.81% |
QTUM Defiance Quantum ETF | 53.29% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 47.99% | -19.02% |
Correlation
The correlation between ITM and QTUM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.06 |
The correlation between ITM and QTUM shifts across timeframes, from 0.06 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ITM vs. QTUM — Risk / Return Rank
ITM
QTUM
ITM vs. QTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) and Defiance Quantum ETF (QTUM). 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 | QTUM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.64 | 3.65 | -1.01 |
Sortino ratioReturn per unit of downside risk | 3.82 | 4.26 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.55 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 6.28 | -4.18 |
Martin ratioReturn relative to average drawdown | 6.79 | 23.69 | -16.90 |
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 | QTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 3.65 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 1.10 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.08 | -0.64 |
Drawdowns
ITM vs. QTUM - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for ITM and QTUM.
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Drawdown Indicators
| ITM | QTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -38.45% | +13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -15.26% | +11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -25.39% | +19.71% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | -38.45% | +23.34% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -0.59% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -8.25% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 4.04% | -2.98% |
Volatility
ITM vs. QTUM - Volatility Comparison
The current volatility for VanEck Intermediate Muni ETF (ITM) is 1.01%, while Defiance Quantum ETF (QTUM) has a volatility of 9.76%. This indicates that ITM experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITM | QTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 9.76% | -8.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 20.35% | -18.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 26.26% | -23.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 26.56% | -22.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 27.17% | -20.07% |
ITM vs. QTUM - Expense Ratio Comparison
ITM has a 0.24% expense ratio, which is lower than QTUM's 0.40% expense ratio.
Dividends
ITM vs. QTUM - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.92%, more than QTUM's 0.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.92% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
QTUM Defiance Quantum ETF | 0.70% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITM and QTUM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTUM has higher volatility (9.76%) compared to ITM (1.01%). In terms of maximum drawdown, ITM dropped -24.75% vs QTUM's -38.45%.
On 5-year performance, QTUM leads with 29.15% vs 0.50% for ITM. On fees, ITM is cheaper at 0.24% per year. On volatility, ITM has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTUM has performed better with a 29.15% return vs 0.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITM is cheaper with a 0.24% expense ratio, compared with 0.40% for QTUM.
ITM has the higher dividend yield at 2.92%, compared with 0.70% for QTUM.
ITM is categorized as Municipal Bonds, while QTUM is Technology Equities. ITM tracks Bloomberg AMT-Free Intermediate Continuous, while QTUM tracks BlueStar Machine Learning and Quantum Computing Index. They also come from different issuers: VanEck and Defiance. Their fees differ too: 0.24% for ITM and 0.40% for QTUM.
QTUM currently has the higher Sharpe Ratio (3.65 vs 2.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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