HIMUvsTFIETF Comparison
VS
iShares High Yield Muni Active ETF (HIMU) and State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) belong to the same industry segment: Municipal Bonds. HIMU's top 3 sector exposures are Municipal, Non-Corporate and Non-Energy Materials. In contrast, TFI's top sector exposures are Municipal. HIMU is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.23% for TFI. HIMU is down -1.2% year-to-date (YTD) with +$382M in YTD flows. TFI performs worse with -2.49% YTD performance, and +$84M in YTD flows. Run a side-by-side ETF comparison of HIMU and TFI 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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HIMU vs TFI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HIMU TFI | -0.46%-0.28% | -4.78%-3.60% | -1.20%-2.49% | -0.87%-1.96% | n/a+9.22% | n/a-3.38% |
| Flows | HIMU TFI | +$180M-$11M | +$375M-$6M | +$382M+$84M | +$522M-$246M | --$201M | --$289M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HIMU TFI | +6.78%+5.46% | +4.34%+3.39% | n/a+4.11% | n/a+4.15% |
| Max drawdown | HIMU TFI | -7.34%-6.18% | -8.08%-7.00% | n/a-7.00% | n/a-14.88% |
| Max drawdown duration | HIMU TFI | 92d92d | 102d229d | n/a229d | n/a1513d |
Trading data
HIMU | TFI | |
Last sale 10/19/2026 at 2:10 PM | $46.26 | $43.34 |
| Previous close 10/16/2026 | $46.28 | $43.33 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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HIMU
is actively managed and doesn’t replicate an indexHIMU | TFI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 2:10 PM
Live
Closed
HIMU | TFI | |
|---|---|---|
| Last price | $46.26 | $43.34 |
| 1D performance | -0.04% | +0.01% |
| AuM | $2.62 B | $2.94 B |
| E/R | 0.4% | 0.23% |
Characteristics
HIMU | TFI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | - | ICE 1+ Year AMT-Free Broad Municipal Index |
| N° of holdings | 210 | 813 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 10, 2025 | September 11, 2007 |
| ESG | No | No |
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Exposure
Countries
HIMU
USA
41.81%
Other
58.19%
TFI
USA
42.6%
Other
57.4%
Sectors
HIMU
Municipal
36.95%
Other
63.05%
TFI
Municipal
42.6%
Other
57.4%
Diversification
HIMU
Total weight of top 15 holdings out of 15
19.53%
TFI
Total weight of top 15 holdings out of 15
2.91%
Top 15 holdings
Data as of August 31, 2026
HIMU
BlackRock Liquidity MuniCash
4.80%
Puerto Rico, FRN 1nov2051, USD
2.40%
US13034A7E44
1.72%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
1.50%
Golden State Tobacco Securitization Corp., 0% 1jun2066, USD (2021B-2)
1.41%
US74514L4E41
1.33%
Port of Beaumont Navigation District, 4% 1jan2050, USD (2020A)
0.95%
US650028H634
0.79%
US04108WCK62
0.75%
US19648FSJ48
0.72%
Buckeye Tobacco Settlement Financing Authority, 0% 1jun2057, USD (2020B-3)
0.68%
US74442PH321
0.68%
Port of Portland, 4% 1jul2050, USD
0.63%
US837031H972
0.59%
US837031H717
0.58%
TFI
California, 5% 1nov2027, USD
0.23%
US574193VL92
0.20%
State of Washington, 5% 1feb2028, USD (2024A)
0.20%
US373385LV30
0.20%
US91412HWK57
0.20%
US64972GE598
0.20%
US55844RWX87
0.20%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.20%
US764581KP80
0.19%
US677523KE13
0.19%
US574204S201
0.19%
California Community Choice Financing Authority, 5% 1may2054, USD (2024A)
0.18%
California, 5% 1nov2032, USD
0.18%
US010831EC55
0.18%
City of New York, 5% 1aug2029, USD
0.17%
Frequently asked questions about HIMU and TFI
How have the HIMU and TFI ETFs performed in 2026?
As of October 16, 2026, HIMU is down -1.2% year-to-date (YTD), while TFI has lost -2.49%. That puts HIMU better performer ahead so far this year.
Which ETF is attracting more investor money: HIMU or TFI?
Year-to-date, the HIMU ETF saw +$382M in flows, compared to +$84M for TFI.
Which ETF is more volatile: HIMU or TFI?
Over the past year, HIMU had a volatility of 4.34%, while TFI experienced 3.39%.
Which ETF is bigger: HIMU or TFI?
As of October 16, 2026, HIMU holds $2.62 B in assets under management (AUM), while TFI manages $2.94 B.
What sectors do the HIMU and TFI ETFs invest in?
HIMU leans toward sectors like Municipal. Meanwhile, TFI focuses on Municipal.
What are the top holdings of the HIMU ETF and TFI ETF?
HIMU top holdings include BlackRock Liquidity MuniCash, Puerto Rico, FRN 1nov2051, USD and US13034A7E44. TFI holds in its top three: California, 5% 1nov2027, USD, US574193VL92 and State of Washington, 5% 1feb2028, USD (2024A).
Which ETF is more diversified: HIMU or TFI?
HIMU holds 866 securities with 19.53% of its assets in the top 15. TFI has 1916 securities and a top 15 weight of 2.91%.
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