XMPT vs. ITM
Compare and contrast key facts about VanEck CEF Municipal Income ETF (XMPT) and VanEck Intermediate Muni ETF (ITM).
XMPT and ITM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMPT is a passively managed fund by VanEck that tracks the performance of the S-Network Municipal Bond Closed-End Fund Index. It was launched on Jul 12, 2011. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. Both XMPT and ITM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XMPT vs. ITM - Performance Comparison
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XMPT vs. ITM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | -0.80% | 8.01% | 7.01% | 2.55% | -24.02% | 7.94% | 7.70% | 20.36% | -5.85% | 8.28% |
ITM VanEck Intermediate Muni ETF | -1.09% | 5.34% | 0.73% | 5.69% | -9.33% | 0.21% | 5.87% | 8.46% | 0.96% | 6.13% |
Returns By Period
In the year-to-date period, XMPT achieves a -0.80% return, which is significantly higher than ITM's -1.09% return. Over the past 10 years, XMPT has outperformed ITM with an annualized return of 2.06%, while ITM has yielded a comparatively lower 1.92% annualized return.
XMPT
- 1D
- 2.14%
- 1M
- -4.42%
- YTD
- -0.80%
- 6M
- 1.08%
- 1Y
- 5.47%
- 3Y*
- 4.95%
- 5Y*
- -0.99%
- 10Y*
- 2.06%
ITM
- 1D
- 0.28%
- 1M
- -2.99%
- YTD
- -1.09%
- 6M
- 1.07%
- 1Y
- 5.07%
- 3Y*
- 2.74%
- 5Y*
- 0.39%
- 10Y*
- 1.92%
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XMPT vs. ITM - Expense Ratio Comparison
XMPT has a 1.97% expense ratio, which is higher than ITM's 0.24% expense ratio.
Return for Risk
XMPT vs. ITM — Risk / Return Rank
XMPT
ITM
XMPT vs. ITM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) and VanEck Intermediate Muni ETF (ITM). 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.
| XMPT | ITM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 1.21 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.51 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.56 | -0.64 |
Martin ratioReturn relative to average drawdown | 2.76 | 5.33 | -2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMPT | ITM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.21 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.09 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.27 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.43 | -0.02 |
Correlation
The correlation between XMPT and ITM is 0.44, 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.
Dividends
XMPT vs. ITM - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 5.92%, more than ITM's 2.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | 5.92% | 5.87% | 5.35% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% |
ITM VanEck Intermediate Muni ETF | 2.93% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
Drawdowns
XMPT vs. ITM - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, which is greater than ITM's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for XMPT and ITM.
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Drawdown Indicators
| XMPT | ITM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -24.75% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -3.43% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -35.24% | -15.11% | -20.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.24% | -24.75% | -10.49% |
Current DrawdownCurrent decline from peak | -11.73% | -2.99% | -8.74% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -2.99% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.00% | +1.20% |
Volatility
XMPT vs. ITM - Volatility Comparison
VanEck CEF Municipal Income ETF (XMPT) has a higher volatility of 3.90% compared to VanEck Intermediate Muni ETF (ITM) at 1.35%. This indicates that XMPT's price experiences larger fluctuations and is considered to be riskier than ITM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMPT | ITM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 1.35% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 1.98% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.46% | 4.21% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.24% | 4.28% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.33% | 7.10% | +3.23% |