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ETF comparison

HYD vs MUNI

Both US Municipal Bond.

VanEck High Yield Muni ETF · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

Holdings overlap

Weighted by ISIN/CUSIP
3.5 %

42 positions appear in both funds. Buying equal dollars of HYD and MUNI would leave roughly 3.5% of each dollar exposed to the same underlying securities.

HYD unmatched 93.3% Shared 3.5% MUNI unmatched 95.2%

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.

In HYD only
2,061 positions
Shared
42 positions
In MUNI only
604 positions

Side by side

HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

81 composite / 100
Expense ratio
0.32%
Net assets
$3.89B
TTM yield
4.51%
Top-10 conc.
6.3%
MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

PIMCO · US Municipal Bond

79 composite / 100
Expense ratio
0.35%
Net assets
$3.09B
TTM yield
3.38%
Top-10 conc.
10.7%

Sub-score comparison

68
Cost
65
93
Tax efficiency
93
82
Liquidity
78
100
Concentration
99
—
Tracking quality
—
HYD sub-score MUNI

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

HYD is 3 bps cheaper than MUNI. On a $100,000 position that's about $30/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 HYD vs MUNI.

Top shared holdings

42 shared in total
# Holding In HYD In MUNI Overlap
1 Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.98% 0.81% 0.81%
2 Tobacco Settlement Financing Corp 0.22% 0.20% 0.20%
3 State of Illinois 0.19% 0.24% 0.19%
4 Southeast Energy Authority A Cooperative District 0.14% 0.29% 0.14%
5 California Community Choice Financing Authority 0.14% 0.53% 0.14%
6 Kentucky Public Energy Authority 0.13% 0.59% 0.13%
7 Black Belt Energy Gas District 0.20% 0.11% 0.11%
8 New York Energy Finance Development Corp 0.11% 0.25% 0.11%
9 Montgomery County Industrial Development Authority/PA 0.14% 0.09% 0.09%
10 California Community Choice Financing Authority 0.09% 0.13% 0.09%
11 Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.09% 0.23% 0.09%
12 Main Street Natural Gas Inc 0.09% 0.12% 0.09%

Only in HYD

2,061 total
  • 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%
  • City of Houston TX Airport System Revenue 0.45%

Only in MUNI

604 total
  • United States Treasury 2.20%
  • United States Treasury 1.78%
  • United States Treasury 1.16%
  • United States Treasury 0.86%
  • Connecticut State Health & Educational Facilities Authority 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%

Related comparisons

More comparisons with HYD

More comparisons with MUNI

Percentages are holdings overlap with the named fund.

Open HYD or MUNI at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.