GBNDvsITMETF Comparison
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Goldman Sachs Core Bond ETF (GBND) belongs to the Intl IG Bonds segment. VanEck Intermediate Muni ETF (ITM) is part of the Municipal Bonds segment. GBND's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, ITM's top sector exposures are Municipal. GBND is more expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.18% for ITM. GBND is down -0.33% year-to-date (YTD) with +$476M in YTD flows. ITM performs worse with -1.48% YTD performance, and +$34M in YTD flows. Run a side-by-side ETF comparison of GBND and ITM 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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GBND vs ITM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GBND ITM | +0.10%-0.95% | -0.56%-2.23% | -0.33%-1.48% | +1.80%+2.20% | n/a+9.08% | n/a-0.55% |
| Flows | GBND ITM | +$6M-$14M | +$36M-$32M | +$476M+$34M | +$521M+$165M | -+$326M | -+$372M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GBND ITM | +3.92%+2.60% | +3.72%+2.51% | n/a+3.59% | n/a+3.62% |
| Max drawdown | GBND ITM | -1.79%-2.55% | -2.88%-3.67% | n/a-4.98% | n/a-14.42% |
| Max drawdown duration | GBND ITM | 66d60d | 186d187d | n/a186d | n/a1486d |
Trading data
GBND | ITM | |
Last sale 9/4/2026 at 1:30 PM | $49.47 | $45.33 |
| Previous close 09/03/2026 | $49.45 | $45.31 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 5, 2026
1-year trailing difference
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GBND
is actively managed and doesn’t replicate an indexGBND | ITM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
GBND | ITM | |
|---|---|---|
| Last price | $49.47 | $45.33 |
| 1D performance | +0.04% | +0.04% |
| AuM | $526.32 M | $2.09 B |
| E/R | 0.26% | 0.18% |
Characteristics
GBND | ITM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Goldman Sachs | VanEck |
| Benchmark | - | ICE Intermediate AMT-Free Broad National Municipal Index |
| N° of holdings | 581 | 693 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2025 | December 4, 2007 |
| ESG | No | No |
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Exposure
Countries
GBND
USA
56.3%
Other
43.7%
ITM
USA
53.87%
Other
46.13%
Sectors
GBND
Sovereign
24.28%
Industrials
10.32%
Finance
10%
Other
55.4%
ITM
Municipal
53.87%
Other
46.13%
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Diversification
GBND
Total weight of top 15 holdings out of 15
40.36%
ITM
Total weight of top 15 holdings out of 15
5.21%
Top 15 holdings
Data as of July 31, 2026
GBND
USA, Notes 3.875% 30nov2029, USD (S-2029)
6.53%
Goldman Sachs Central Government Fund
4.43%
US01F0226831
4.04%
US01F0526800
3.65%
USA, Bonds 4.75% 15nov2053, USD
3.54%
USA, Bonds 4% 15nov2052, USD
3.46%
USA, Bonds 4.375% 15aug2043, USD
3.24%
USA, Notes 3.5% 15oct2028, USD (AT-2028)
2.96%
FR SD8200, 2.5% 1mar2052, USD (ABS)
1.46%
US31427SSM16
1.42%
US01F0424832
1.25%
FN MA4255, 2% 1feb2051, USD (ABS)
1.23%
US21H0526861
1.11%
US01F0426811
1.05%
US01F0606834
0.97%
ITM
US646067KE77
0.55%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.50%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
0.47%
California, 4% 1mar2036, USD
0.45%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.39%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
0.38%
US64972GE267
0.30%
California, 5.25% 1aug2032, USD
0.30%
California Housing Finance Agency, 3.75% 25mar2035, USD (2021-2, A)
0.29%
Southeast Energy Authority, 5.25% 1nov2055, USD (2025F)
0.28%
US74440DFC39
0.28%
US569203NS77
0.27%
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
0.25%
US63607WBD56
0.25%
US576002DN64
0.25%
Frequently asked questions about GBND and ITM
How have the GBND and ITM ETFs performed in 2026?
As of September 3, 2026, GBND is down -0.33% year-to-date (YTD), while ITM has lost -1.48%. That puts GBND better performer ahead so far this year.
Which ETF is attracting more investor money: GBND or ITM?
Year-to-date, the GBND ETF saw +$476M in flows, compared to +$34M for ITM.
Which ETF is more volatile: GBND or ITM?
Over the past year, GBND had a volatility of 3.72%, while ITM experienced 2.51%.
Which ETF is bigger: GBND or ITM?
As of September 3, 2026, GBND holds $526.32 M in assets under management (AUM), while ITM manages $2.09 B.
What sectors do the GBND and ITM ETFs invest in?
GBND leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, ITM focuses on Municipal.
What are the top holdings of the GBND ETF and ITM ETF?
GBND top holdings include USA, Notes 3.875% 30nov2029, USD (S-2029), Goldman Sachs Central Government Fund and US01F0226831. ITM holds in its top three: US646067KE77, California Community Choice Financing Authority, 5% 1aug2055, USD (2024C) and California Community Choice Financing Authority, 5% 1feb2055, USD (2024F).
Which ETF is more diversified: GBND or ITM?
GBND holds 726 securities with 40.36% of its assets in the top 15. ITM has 1328 securities and a top 15 weight of 5.21%.
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Latest news about GBND & ITM
Ask the Manager: Marissa Ansell on the Opportunity in Active Fixed Income ETFs
February 4, 2026
GBND
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