ETF comparison

HYDvsMUNI

Both US Municipal Bond.

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

Holdings overlap

Weighted by ISIN/CUSIP
3.4%

40 positions appear in both funds. Buying equal dollars of HYD and MUNI would leave roughly3.4%of each dollar exposed to the same underlying securities.

HYD only 91.8%Shared 3.4%MUNI only 95.4%
In HYD only
1,871 positions
Shared
40 positions
In MUNI only
607 positions

Side by side

HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

82composite / 100
Expense ratio
0.32%
Net assets
$4.34B
TTM yield
4.52%
Top-10 conc.
6.6%
MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

PIMCO · US Municipal Bond

79composite / 100
Expense ratio
0.35%
Net assets
$3.15B
TTM yield
3.40%
Top-10 conc.
10.7%

Sub-score comparison

68
Cost
65
93
Tax efficiency
93
84
Liquidity
78
100
Concentration
99
Tracking quality
HYDsub-scoreMUNI

Tracking quality isn't part of the composite — seewhat we don't scorefor 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 thecost calculator pre-filled with HYD vs MUNI.

Top shared holdings

40 shared in total
#HoldingIn HYDIn MUNIOverlap
1Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.99%0.81%0.81%
2Tobacco Settlement Financing Corp0.24%0.20%0.20%
3Southeast Energy Authority A Cooperative District0.15%0.29%0.15%
4California Community Choice Financing Authority0.15%0.53%0.15%
5Kentucky Public Energy Authority0.14%0.59%0.14%
6New York Energy Finance Development Corp0.12%0.25%0.12%
7Black Belt Energy Gas District0.22%0.11%0.11%
8California Community Choice Financing Authority0.10%0.13%0.10%
9Main Street Natural Gas Inc0.10%0.12%0.10%
10Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.10%0.23%0.10%
11Montgomery County Industrial Development Authority/PA0.15%0.09%0.09%
12New Hampshire Business Finance Authority0.08%0.16%0.08%

Only in HYD

1,871 total
  • Buckeye Tobacco Settlement Financing Authority0.87%
  • Tobacco Settlement Financing Corp0.71%
  • Chicago Board of Education0.67%
  • New York Transportation Development Corp0.66%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.63%
  • Chicago Board of Education0.57%
  • Florida Development Finance Corp0.54%
  • New York Transportation Development Corp0.51%
  • City of Houston TX Airport System Revenue0.49%
  • Arkansas Development Finance Authority0.48%

Only in MUNI

607 total
  • United States Treasury2.20%
  • United States Treasury1.78%
  • United States Treasury1.16%
  • United States Treasury0.86%
  • Connecticut State Health & Educational Facilities Authority0.81%
  • Black Belt Energy Gas District0.81%
  • Fort Bend Independent School District0.79%
  • FHLMC Multifamily VRD Certificates0.71%
  • Michigan State Housing Development Authority0.70%
  • State of Washington0.68%

Open HYD 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 methodologyand 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.