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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
3.2 %

37 positions appear in both funds. Buying equal dollars of HYD and MUNI would leave roughly 3.2% of each dollar exposed to the same underlying securities.

HYD only 92.0% Shared 3.2% MUNI only 95.8%
In HYD only
1,874 positions
Shared
37 positions
In MUNI only
543 positions

Side by side

HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

82 composite / 100
Expense ratio
0.32%
Net assets
$4.52B
TTM yield
4.32%
Top-10 conc.
6.6%
MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

PIMCO · US Municipal Bond

78 composite / 100
Expense ratio
0.35%
Net assets
$3.09B
TTM yield
3.31%
Top-10 conc.
14.0%

Sub-score comparison

68
Cost
65
93
Tax efficiency
93
85
Liquidity
78
100
Concentration
94
—
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

37 shared in total
# Holding In HYD In MUNI Overlap
1 Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.99% 0.82% 0.82%
2 Southeast Energy Authority A Cooperative District 0.15% 0.32% 0.15%
3 Montgomery County Industrial Development Authority/PA 0.15% 0.20% 0.15%
4 California Community Choice Financing Authority 0.15% 0.20% 0.15%
5 Kentucky Public Energy Authority 0.14% 0.89% 0.14%
6 California Community Choice Financing Authority 0.13% 0.31% 0.13%
7 Black Belt Energy Gas District 0.22% 0.13% 0.13%
8 New York Energy Finance Development Corp 0.12% 0.24% 0.12%
9 Main Street Natural Gas Inc 0.10% 0.13% 0.10%
10 Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.10% 0.24% 0.10%
11 New Hampshire Business Finance Authority 0.08% 0.18% 0.08%
12 Tobacco Settlement Financing Corp 0.24% 0.07% 0.07%

Only in HYD

1,874 total
  • Buckeye Tobacco Settlement Financing Authority 0.87%
  • Tobacco Settlement Financing Corp 0.71%
  • Chicago Board of Education 0.67%
  • New York Transportation Development Corp 0.66%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.63%
  • Chicago Board of Education 0.57%
  • Florida Development Finance Corp 0.54%
  • New York Transportation Development Corp 0.51%
  • City of Houston TX Airport System Revenue 0.49%
  • Arkansas Development Finance Authority 0.48%

Only in MUNI

543 total
  • UNITED STATES GOVT 2.47%
  • UNITED STATES GOVT 2.00%
  • FEDERAL HOME LOAN BANK (FHLB) 1.90%
  • FEDERAL HOME LOAN BANK (FHLB) 1.60%
  • UNITED STATES GOVT 1.31%
  • FEDERAL HOME LOAN BANK (FHLB) 0.99%
  • UNITED STATES GOVT 0.98%
  • UNITED STATES GOVT 0.97%
  • CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES AUTHORITY 0.90%
  • FORT BEND INDEPENDENT SCHOOL DISTRICT 0.88%

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.