ETF comparison
AGG vs MUNI
US Aggregate Bond vs US Municipal Bond.
iShares Core U.S. Aggregate Bond ETF · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
Holdings overlap
5 positions appear in both funds. Buying equal dollars of AGG and MUNI would leave roughly 1.0% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
AGG is 32 bps cheaper than MUNI. On a $100,000 position that's about $320/yr more in fees for MUNI.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with AGG vs MUNI.
Top shared holdings
5 shared in total| # | Holding | In AGG | In MUNI | Overlap |
|---|---|---|---|---|
| 1 | United States Treasury | 0.31% | 1.78% | 0.31% |
| 2 | United States Treasury | 0.26% | 2.20% | 0.26% |
| 3 | United States Treasury | 0.15% | 1.16% | 0.15% |
| 4 | United States Treasury | 0.14% | 0.86% | 0.14% |
| 5 | United States Treasury | 0.13% | 0.15% | 0.13% |
Only in AGG
13,261 total- United States Treasury 0.42%
- United States Treasury 0.41%
- United States Treasury 0.41%
- United States Treasury 0.40%
- United States Treasury 0.40%
- United States Treasury 0.39%
- United States Treasury 0.39%
- United States Treasury 0.39%
- United States Treasury 0.39%
- United States Treasury 0.38%
Only in MUNI
641 total- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.81%
- Connecticut State Health & Educational Facilities Authority 0.81%
- Black Belt Energy Gas District 0.81%
- Texas Municipal Gas Acquisition & Supply Corp V 0.80%
- Fort Bend Independent School District 0.79%
- FHLMC Multifamily VRD Certificates 0.71%
- Michigan State Housing Development Authority 0.70%
- State of Washington 0.68%
- Ohio Higher Educational Facility Commission 0.65%
- New York City Transitional Finance Authority Future Tax Secured Revenue 0.65%
Related comparisons
More comparisons with AGG
- AGG vs VWOB · Vanguard Emerging Markets Government Bond Index Fund ETF Shares 0.9%
- AGG vs EMB · iShares J.P. Morgan USD Emerging Markets Bond ETF 0.8%
- AGG vs ICSH · iShares Ultra Short Duration Bond Active ETF 0.7%
- AGG vs PULS · PGIM Ultra Short Bond ETF 0.5%
- AGG vs SHV · iShares 0–1 Year Treasury Bond ETF 0.4%
- AGG vs BAB · Invesco Taxable Municipal Bond ETF 0.4%
More comparisons with MUNI
- MUNI vs JMST · JPMorgan Ultra-Short Municipal Income ETF 0.9%
- MUNI vs SCHZ · Schwab U.S. Aggregate Bond ETF 0.8%
- MUNI vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.7%
- MUNI vs GOVT · iShares U.S. Treasury Bond ETF 0.6%
- MUNI vs SUB · iShares Short-Term National Muni Bond ETF 0.5%
- MUNI vs SHY · iShares 1-3 Year Treasury Bond ETF 0.3%
Percentages are holdings overlap with the named fund.
Open AGG or MUNI at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.