ETF comparison
HYD vs ITM
Both US Municipal Bond.
Holdings overlap
77 positions appear in both funds. Buying equal dollars of HYD and ITM would leave roughly 4.8% 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
ITM is 14 bps cheaper than HYD. On a $100,000 position that's about $140/yr more in fees for HYD.
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 HYD vs ITM.
Top shared holdings
77 shared in total| # | Holding | In HYD | In ITM | Overlap |
|---|---|---|---|---|
| 1 | Kentucky Public Energy Authority | 0.21% | 0.29% | 0.21% |
| 2 | California Community Choice Financing Authority | 0.20% | 0.23% | 0.20% |
| 3 | Black Belt Energy Gas District | 0.20% | 0.23% | 0.20% |
| 4 | California Community Choice Financing Authority | 0.14% | 0.20% | 0.14% |
| 5 | Salt Verde Financial Corp | 0.14% | 0.22% | 0.14% |
| 6 | Michigan State Hospital Finance Authority | 0.12% | 0.18% | 0.12% |
| 7 | Kentucky Public Energy Authority | 0.13% | 0.12% | 0.12% |
| 8 | California Community Choice Financing Authority | 0.12% | 0.44% | 0.12% |
| 9 | New York Energy Finance Development Corp | 0.11% | 0.24% | 0.11% |
| 10 | Southeast Energy Authority A Cooperative District | 0.14% | 0.10% | 0.10% |
| 11 | California Community Choice Financing Authority | 0.14% | 0.10% | 0.10% |
| 12 | M-S-R Energy Authority | 0.13% | 0.09% | 0.09% |
Only in HYD
2,026 total- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.98%
- Chicago Board of Education 0.79%
- Tobacco Settlement Financing Corp 0.71%
- Buckeye Tobacco Settlement Financing Authority 0.69%
- New York Transportation Development Corp 0.61%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.58%
- Chicago Board of Education 0.53%
- Florida Development Finance Corp 0.52%
- New York Transportation Development Corp 0.48%
- Arkansas Development Finance Authority 0.45%
Only in ITM
1,292 total- New Jersey Educational Facilities Authority 0.53%
- California Community Choice Financing Authority 0.50%
- State of California 0.45%
- State of California 0.30%
- New York City Municipal Water Finance Authority 0.28%
- California Housing Finance Agency 0.28%
- New Hampshire Business Finance Authority 0.27%
- Salem-Keizer School District No 24J 0.26%
- South Carolina Jobs-Economic Development Authority 0.26%
- Massachusetts Development Finance Agency 0.26%
Related comparisons
More comparisons with HYD
- HYD vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 3.5%
- HYD vs PZA · Invesco National AMT-Free Municipal Bond ETF 3.1%
- HYD vs SHM · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF 3.0%
- HYD vs VTEB · Vanguard Tax-Exempt Bond Index Fund ETF Shares 1.7%
- HYD vs SCMB · Schwab Municipal Bond ETF 1.1%
- HYD vs MUB · iShares National Muni Bond ETF 1.0%
More comparisons with ITM
- ITM vs JMUB · JPMorgan Municipal ETF 4.5%
- ITM vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 4.5%
- ITM vs VTEB · Vanguard Tax-Exempt Bond Index Fund ETF Shares 4.3%
- ITM vs SCMB · Schwab Municipal Bond ETF 3.8%
- ITM vs MUB · iShares National Muni Bond ETF 3.7%
- ITM vs CMF · iShares California Muni Bond ETF 3.0%
Percentages are holdings overlap with the named fund.
Open HYD or ITM 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.