MUNI vs. MUB
Compare and contrast key facts about PIMCO Intermediate Municipal Bond Active ETF (MUNI) and iShares National AMT-Free Muni Bond ETF (MUB).
MUNI and MUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUNI or MUB.
Correlation
The correlation between MUNI and MUB is 0.58, 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
MUNI vs. MUB - Performance Comparison
Key characteristics
MUNI:
0.97
MUB:
0.55
MUNI:
1.38
MUB:
0.78
MUNI:
1.18
MUB:
1.10
MUNI:
1.31
MUB:
0.47
MUNI:
3.50
MUB:
1.99
MUNI:
0.91%
MUB:
1.07%
MUNI:
3.26%
MUB:
3.89%
MUNI:
-11.15%
MUB:
-13.68%
MUNI:
-0.76%
MUB:
-1.59%
Returns By Period
In the year-to-date period, MUNI achieves a 1.05% return, which is significantly higher than MUB's 0.02% return. Over the past 10 years, MUNI has outperformed MUB with an annualized return of 2.18%, while MUB has yielded a comparatively lower 1.98% annualized return.
MUNI
1.05%
-0.09%
0.06%
3.29%
1.86%
2.18%
MUB
0.02%
-0.37%
-0.60%
2.40%
1.26%
1.98%
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MUNI vs. MUB - Expense Ratio Comparison
MUNI has a 0.35% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
MUNI vs. MUB — Risk-Adjusted Performance Rank
MUNI
MUB
MUNI vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) 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
MUNI vs. MUB - Dividend Comparison
MUNI's dividend yield for the trailing twelve months is around 3.42%, more than MUB's 3.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.42% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
MUB iShares National AMT-Free Muni Bond ETF | 3.07% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
MUNI vs. MUB - Drawdown Comparison
The maximum MUNI drawdown since its inception was -11.15%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for MUNI and MUB. For additional features, visit the drawdowns tool.
Volatility
MUNI vs. MUB - Volatility Comparison
The current volatility for PIMCO Intermediate Municipal Bond Active ETF (MUNI) is 1.08%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.19%. This indicates that MUNI experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.