WTMU vs. IBMO
WTMU (WisdomTree Core Laddered Municipal ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both Municipal Bonds funds. WTMU is actively managed, while IBMO is passively managed. Over the past year, WTMU returned 5.12% vs 2.50% for IBMO. At a 0.18 correlation, their price movements are largely independent. WTMU charges 0.25%/yr vs 0.18%/yr for IBMO.
Performance
WTMU vs. IBMO - Performance Comparison
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Returns By Period
In the year-to-date period, WTMU achieves a 0.54% return, which is significantly lower than IBMO's 0.97% return.
WTMU
- 1D
- -0.06%
- 1M
- 1.12%
- YTD
- 0.54%
- 6M
- 0.72%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMO
- 1D
- -0.06%
- 1M
- 0.13%
- YTD
- 0.97%
- 6M
- 0.76%
- 1Y
- 2.50%
- 3Y*
- 2.78%
- 5Y*
- 0.71%
- 10Y*
- —
WTMU vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WTMU WisdomTree Core Laddered Municipal ETF | 0.54% | 4.99% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 0.97% | 2.19% |
Correlation
The correlation between WTMU and IBMO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.18 |
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Return for Risk
WTMU vs. IBMO — Risk / Return Rank
WTMU
IBMO
WTMU vs. IBMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Laddered Municipal ETF (WTMU) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WTMU | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.46 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 6.63 | -4.74 |
| Martin ratioReturn relative to average drawdown | 5.02 | 19.69 | -14.67 |
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Drawdowns
WTMU vs. IBMO - Drawdown Comparison
The maximum WTMU drawdown since its inception was -4.24%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for WTMU and IBMO.
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Drawdown Indicators
| WTMU | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.24% | -14.77% | +10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -0.38% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.86% | — |
Current DrawdownCurrent decline from peak | -1.42% | -0.06% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -2.31% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.13% | +0.89% |
Volatility
WTMU vs. IBMO - Volatility Comparison
WisdomTree Core Laddered Municipal ETF (WTMU) has a higher volatility of 0.58% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.22%. This indicates that WTMU's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTMU | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.22% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 0.78% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 1.10% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 2.14% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 4.50% | +0.16% |
WTMU vs. IBMO - Expense Ratio Comparison
WTMU has a 0.25% expense ratio, which is higher than IBMO's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WTMU vs. IBMO - Dividend Comparison
WTMU's dividend yield for the trailing twelve months is around 2.98%, more than IBMO's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.39% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
WTMU WisdomTree Core Laddered Municipal ETF | 2.98% | 2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTMU and IBMO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTMU has higher volatility (0.58%) compared to IBMO (0.22%). In terms of maximum drawdown, WTMU dropped -4.24% vs IBMO's -14.77%.
On 1-year performance, WTMU leads with 5.12% vs 2.50% for IBMO. On fees, IBMO is cheaper at 0.18% per year. On volatility, IBMO has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WTMU has performed better with a 5.12% return vs 2.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.25% for WTMU.
WTMU has the higher dividend yield at 2.98%, compared with 2.39% for IBMO.
They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.25% for WTMU and 0.18% for IBMO.
WTMU currently has the higher Sharpe Ratio (2.31 vs 2.28), 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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