MUB vs. MUNI
Compare and contrast key facts about iShares National AMT-Free Muni Bond ETF (MUB) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
MUB and MUNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUB or MUNI.
Correlation
The correlation between MUB and MUNI 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
MUB vs. MUNI - Performance Comparison
Key characteristics
MUB:
0.12
MUNI:
0.32
MUB:
0.18
MUNI:
0.46
MUB:
1.03
MUNI:
1.07
MUB:
0.12
MUNI:
0.38
MUB:
0.42
MUNI:
1.33
MUB:
1.31%
MUNI:
1.06%
MUB:
4.66%
MUNI:
4.37%
MUB:
-13.68%
MUNI:
-11.15%
MUB:
-3.58%
MUNI:
-2.81%
Returns By Period
In the year-to-date period, MUB achieves a -2.01% return, which is significantly lower than MUNI's -1.04% return. Over the past 10 years, MUB has underperformed MUNI with an annualized return of 1.77%, while MUNI has yielded a comparatively higher 1.96% annualized return.
MUB
-2.01%
-1.96%
-2.46%
0.41%
0.56%
1.77%
MUNI
-1.04%
-1.61%
-1.66%
1.27%
1.18%
1.96%
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MUB vs. MUNI - Expense Ratio Comparison
MUB has a 0.07% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
MUB vs. MUNI — Risk-Adjusted Performance Rank
MUB
MUNI
MUB vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares National AMT-Free Muni Bond ETF (MUB) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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
MUB vs. MUNI - Dividend Comparison
MUB's dividend yield for the trailing twelve months is around 3.13%, less than MUNI's 3.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | 3.13% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.49% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
Drawdowns
MUB vs. MUNI - Drawdown Comparison
The maximum MUB drawdown since its inception was -13.68%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for MUB and MUNI. For additional features, visit the drawdowns tool.
Volatility
MUB vs. MUNI - Volatility Comparison
The current volatility for iShares National AMT-Free Muni Bond ETF (MUB) is 2.98%, while PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a volatility of 3.19%. This indicates that MUB experiences smaller price fluctuations and is considered to be less risky than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.