FIMUvsPVIETF Comparison
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Fidelity Intermediate Municipal Income ETF (FIMU) and Invesco VRDO Tax-Free ETF (PVI) belong to the same industry segment: Municipal Bonds. FIMU's top 2 sector exposures are Municipal and Non-Corporate. In contrast, PVI's top sector exposures are Municipal. FIMU is more expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.25% for PVI. Run a side-by-side ETF comparison of FIMU and PVI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FIMU vs PVI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FIMU PVI | -1.99%+0.19% | -2.96%+0.53% | n/a+1.35% | n/a+2.09% | n/a+7.54% | n/a+10.28% |
| Flows | FIMU PVI | -- | +$1M-$2M | --$3K | --$3K | --$9M | --$20M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FIMU PVI | +2.70%+0.09% | n/a+0.15% | n/a+0.13% | n/a+0.14% |
| Max drawdown | FIMU PVI | -3.17%n/a | n/an/a | n/an/a | n/a-0.08% |
| Max drawdown duration | FIMU PVI | 74dn/a | n/an/a | n/an/a | n/a269d |
Trading data
FIMU | PVI | |
Last sale 9/18/2026 at 1:30 PM | $19.37 | $24.89 |
| Previous close 09/17/2026 | $19.37 | $24.86 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 21, 2026
1-year trailing difference
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FIMU
is actively managed and doesn’t replicate an indexFIMU | PVI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
FIMU | PVI | |
|---|---|---|
| Last price | $19.37 | $24.89 |
| 1D performance | +0.00% | +0.12% |
| AuM | $2.90 M | $31.06 M |
| E/R | 0.31% | 0.25% |
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Exposure
Countries
FIMU
USA
37.71%
Other
62.29%
PVI
USA
37.26%
Other
62.74%
Sectors
FIMU
Municipal
33.09%
Other
66.91%
PVI
Municipal
37.26%
Other
62.74%
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Diversification
FIMU
Total weight of top 15 holdings out of 15
12.48%
PVI
Total weight of top 15 holdings out of 15
33.32%
Top 15 holdings
Data as of July 31, 2026
FIMU
Fidelity Municipal Cash Central Fund
4.62%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.81%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.81%
Main Street Energy Inc., 5% 1oct2033, USD (2026A)
0.70%
Main Street Energy Inc., 5% 1sep2036, USD (2026C)
0.68%
Lower Alabama Gas District, 5% 1dec2033, USD (2025)
0.57%
US84136HCT86
0.57%
Black Belt Energy Gas District, 5% 1oct2033, USD (2026)
0.56%
US292723DP56
0.54%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.51%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
0.48%
US09182TGC53
0.45%
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
0.41%
Tennessee Energy Acquisition Corp., 5% 1dec2035, USD (2025A)
0.39%
US84136HAH66
0.38%
PVI
US64972GAS30
4.45%
US64966TAF12
3.89%
Texas, FRN 1jun2046, USD (2015B)
2.95%
US20775HDU41
2.27%
New York Transitional Finance Authority, FRN 1nov2036, USD
2.27%
Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)
2.27%
US45200FFS39
2.17%
New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)
1.94%
West Palm Beach, FRN 1oct2038, USD (2008C)
1.62%
US44244CN944
1.62%
US405815HE45
1.62%
Texas State University, FRN 1aug2039, USD (2008B)
1.62%
US072024YE64
1.62%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.56%
US87638QSH38
1.46%
Frequently asked questions about FIMU and PVI
Which ETF is bigger: FIMU or PVI?
As of September 18, 2026, FIMU holds $2.90 M in assets under management (AUM), while PVI manages $31.06 M.
What sectors do the FIMU and PVI ETFs invest in?
FIMU leans toward sectors like Municipal. Meanwhile, PVI focuses on Municipal.
What are the top holdings of the FIMU ETF and PVI ETF?
FIMU top holdings include Fidelity Municipal Cash Central Fund, Black Belt Energy Gas District, 5% 1jun2031, USD (2026) and Black Belt Energy Gas District, 5% 1nov2036, USD (2026). PVI holds in its top three: US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B).
Which ETF is more diversified: FIMU or PVI?
FIMU holds 2796 securities with 12.48% of its assets in the top 15. PVI has 147 securities and a top 15 weight of 33.32%.
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