MUNY vs. IBMP

Last updated Apr 15, 2026

MUNY (Vanguard New York Tax-Exempt Bond ETF) and IBMP (iShares iBonds Dec 2027 Term Muni Bond ETF) are both Municipal Bonds funds — MUNY tracks the S&P New York AMT-Free Municipal USD10 Million Par Bond Index while IBMP tracks the S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series Index. Both are passively managed. At 0.38, their price movements are largely independent. MUNY charges 0.09%/yr vs 0.18%/yr for IBMP.

Performance

MUNY vs. IBMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard New York Tax-Exempt Bond ETF (MUNY) and iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUNY achieves a 0.88% return, which is significantly higher than IBMP's 0.63% return.

MUNY

• 1D: -0.05%
• 1M: 0.34%
• YTD: 0.88%
• 6M: 1.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBMP

• 1D: -0.12%
• 1M: -0.01%
• YTD: 0.63%
• 6M: 1.26%
• 1Y: 3.79%
• 3Y*: 2.23%
• 5Y*: 0.52%
• 10Y*: —

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

MUNY vs. IBMP - Yearly Performance Comparison

	2026 (YTD)	2025
MUNY Vanguard New York Tax-Exempt Bond ETF	0.88%	5.54%
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF	0.63%	2.48%

Correlation

The correlation between MUNY and IBMP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.38

Return for Risk

MUNY vs. IBMP — Risk / Return Rank

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

IBMP

IBMP Risk / Return Rank: 91
IBMP Sharpe Ratio Rank: 92
IBMP Sortino Ratio Rank: 96
IBMP Omega Ratio Rank: 95
IBMP Calmar Ratio Rank: 91
IBMP Martin Ratio Rank: 83

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.

MUNY vs. IBMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard New York Tax-Exempt Bond ETF (MUNY) and iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MUNY	IBMP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	0.38	+1.44

Drawdowns

MUNY vs. IBMP - Drawdown Comparison

The maximum MUNY drawdown since its inception was -2.70%, smaller than the maximum IBMP drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for MUNY and IBMP.

Drawdown Indicators

	MUNY	IBMP	Difference
Max Drawdown Largest peak-to-trough decline	-2.70%	-15.24%	+12.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.00%	—
Current Drawdown Current decline from peak	-1.10%	-0.27%	-0.83%
Average Drawdown Average peak-to-trough decline	-0.59%	-2.77%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.20%	—

Volatility

Volatility by Period

	MUNY	IBMP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.06%	1.17%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.06%	2.57%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.06%	5.05%	-0.99%

MUNY vs. IBMP - Expense Ratio Comparison

MUNY has a 0.09% expense ratio, which is lower than IBMP's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MUNY vs. IBMP - Dividend Comparison

MUNY's dividend yield for the trailing twelve months is around 2.58%, more than IBMP's 2.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
MUNY Vanguard New York Tax-Exempt Bond ETF	2.58%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF	2.49%	2.47%	2.35%	2.05%	1.26%	0.86%	1.16%	1.06%