MUNI vs. MYMG

Last updated Jun 4, 2026

MUNI (PIMCO Intermediate Municipal Bond Active ETF) and MYMG (State Street My2027 Municipal Bond ETF) are both Municipal Bonds funds. Both are actively managed. Over the past year, MUNI returned 6.52% vs 3.89% for MYMG. A 0.72 correlation means they provide meaningful diversification when combined. MUNI charges 0.35%/yr vs 0.20%/yr for MYMG.

Performance

MUNI vs. MYMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Intermediate Municipal Bond Active ETF (MUNI) and State Street My2027 Municipal Bond ETF (MYMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MUNI having a 1.24% return and MYMG slightly lower at 1.20%.

MUNI

• 1D: -0.04%
• 1M: 0.42%
• YTD: 1.24%
• 6M: 1.44%
• 1Y: 6.52%
• 3Y*: 3.96%
• 5Y*: 1.27%
• 10Y*: 2.16%

MYMG

• 1D: 0.02%
• 1M: 0.37%
• YTD: 1.20%
• 6M: 1.48%
• 1Y: 3.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MUNI vs. MYMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MUNI PIMCO Intermediate Municipal Bond Active ETF	1.24%	4.72%	-1.07%
MYMG State Street My2027 Municipal Bond ETF	1.20%	2.64%	-0.18%

Correlation

The correlation between MUNI and MYMG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.72

The correlation between MUNI and MYMG has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

MUNI vs. MYMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MUNI

MUNI Risk / Return Rank: 76
MUNI Sharpe Ratio Rank: 86
MUNI Sortino Ratio Rank: 91
MUNI Omega Ratio Rank: 93
MUNI Calmar Ratio Rank: 57
MUNI Martin Ratio Rank: 54

MYMG

MYMG Risk / Return Rank: 97
MYMG Sharpe Ratio Rank: 97
MYMG Sortino Ratio Rank: 98
MYMG Omega Ratio Rank: 98
MYMG Calmar Ratio Rank: 97
MYMG Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MUNI vs. MYMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) and State Street My2027 Municipal Bond ETF (MYMG). 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.

	MUNI	MYMG	Difference
Sharpe ratio: Return per unit of total volatility	2.89	4.80	-1.91
Sortino ratio: Return per unit of downside risk	4.33	8.05	-3.72
Omega ratio: Gain probability vs. loss probability	1.65	2.38	-0.73
Calmar ratio: Return relative to maximum drawdown	2.86	10.94	-8.08
Martin ratio: Return relative to average drawdown	9.39	36.03	-26.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUNI vs. MYMG - Sharpe Ratio Comparison

The current MUNI Sharpe Ratio is 2.89, which is lower than the MYMG Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of MUNI and MYMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MUNI	MYMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	4.80	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.07	-0.29

Drawdowns

MUNI vs. MYMG - Drawdown Comparison

The maximum MUNI drawdown since its inception was -11.15%, which is greater than MYMG's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for MUNI and MYMG.

Drawdown Indicators

	MUNI	MYMG	Difference
Max Drawdown Largest peak-to-trough decline	-11.15%	-2.31%	-8.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.29%	-0.36%	-1.93%
Max Drawdown (3Y) Largest decline over 3 years	-4.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.15%	—	—
Current Drawdown Current decline from peak	-0.79%	0.00%	-0.79%
Average Drawdown Average peak-to-trough decline	-1.73%	-0.33%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	0.11%	+0.59%

Volatility

MUNI vs. MYMG - Volatility Comparison

PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a higher volatility of 0.77% compared to State Street My2027 Municipal Bond ETF (MYMG) at 0.18%. This indicates that MUNI's price experiences larger fluctuations and is considered to be riskier than MYMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUNI	MYMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.18%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	1.60%	0.56%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	2.27%	0.81%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.31%	2.03%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.85%	2.03%	+1.82%

MUNI vs. MYMG - Expense Ratio Comparison

MUNI has a 0.35% expense ratio, which is higher than MYMG's 0.20% expense ratio.

Dividends

MUNI vs. MYMG - Dividend Comparison

MUNI's dividend yield for the trailing twelve months is around 3.29%, more than MYMG's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUNI PIMCO Intermediate Municipal Bond Active ETF	3.29%	3.26%	3.50%	3.09%	2.13%	1.62%	1.92%	2.44%	2.38%	2.37%	2.37%	2.20%
MYMG State Street My2027 Municipal Bond ETF	2.88%	3.03%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUNI and MYMG in my portfolio?

MUNI and MYMG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MUNI or MYMG?

MUNI has higher volatility (0.77%) compared to MYMG (0.18%). In terms of maximum drawdown, MUNI dropped -11.15% vs MYMG's -2.31%.

Which ETF is better, MUNI or MYMG?

On 1-year performance, MUNI leads with 6.52% vs 3.89% for MYMG. On fees, MYMG is cheaper at 0.20% per year. On volatility, MYMG has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MUNI or MYMG?

Over the 1-year period, MUNI has performed better with a 6.52% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MUNI or MYMG?

MYMG is cheaper with a 0.20% expense ratio, compared with 0.35% for MUNI.

Which ETF pays a higher dividend yield, MUNI or MYMG?

MUNI has the higher dividend yield at 3.29%, compared with 2.88% for MYMG.

What is the main difference between MUNI and MYMG?

They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.35% for MUNI and 0.20% for MYMG.

Which has better risk-adjusted returns?

MYMG currently has the higher Sharpe Ratio (4.80 vs 2.89), 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.