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ETF comparison

ITM vs MUNI

Both US Municipal Bond.

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

Holdings overlap

Weighted by ISIN/CUSIP
4.5 %

54 positions appear in both funds. Buying equal dollars of ITM and MUNI would leave roughly 4.5% of each dollar exposed to the same underlying securities.

ITM unmatched 93.7% Shared 4.5% MUNI unmatched 94.2%

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 ITM only
1,315 positions
Shared
54 positions
In MUNI only
592 positions

Side by side

ITM

VanEck Intermediate Muni ETF

VanEck · US Municipal Bond

84 composite / 100
Expense ratio
0.18%
Net assets
$2.06B
TTM yield
3.10%
Top-10 conc.
3.8%
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

82
Cost
65
93
Tax efficiency
93
70
Liquidity
78
100
Concentration
99
—
Tracking quality
—
ITM sub-score MUNI

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

Cost difference

ITM is 17 bps cheaper than MUNI. On a $100,000 position that's about $170/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 ITM vs MUNI.

Top shared holdings

54 shared in total
# Holding In ITM In MUNI Overlap
1 New York Energy Finance Development Corp 0.24% 0.25% 0.24%
2 Commonwealth Financing Authority 0.26% 0.24% 0.24%
3 New York State Dormitory Authority 0.21% 0.22% 0.21%
4 New Hampshire Business Finance Authority 0.27% 0.20% 0.20%
5 Michigan State Hospital Finance Authority 0.21% 0.17% 0.17%
6 North Texas Tollway Authority 0.16% 0.19% 0.16%
7 Great Lakes Water Authority Sewage Disposal System Revenue 0.15% 0.18% 0.15%
8 Henrico County Economic Development Authority 0.16% 0.15% 0.15%
9 Kentucky Public Energy Authority 0.12% 0.59% 0.12%
10 Black Belt Energy Gas District 0.23% 0.11% 0.11%
11 Indiana Finance Authority 0.10% 0.11% 0.10%
12 State of California 0.14% 0.10% 0.10%

Only in ITM

1,315 total
  • New Jersey Educational Facilities Authority 0.53%
  • California Community Choice Financing Authority 0.50%
  • State of California 0.45%
  • California Community Choice Financing Authority 0.44%
  • Connecticut State Health & Educational Facilities Authority 0.39%
  • California Community Choice Financing Authority 0.37%
  • State of California 0.30%
  • New York City Municipal Water Finance Authority 0.28%
  • California Housing Finance Agency 0.28%
  • Southeast Energy Authority A Cooperative District 0.27%

Only in MUNI

592 total
  • United States Treasury 2.20%
  • United States Treasury 1.78%
  • United States Treasury 1.16%
  • United States Treasury 0.86%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.81%
  • 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%

Related comparisons

More comparisons with ITM

More comparisons with MUNI

Percentages are holdings overlap with the named fund.

Open ITM 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.