IBMOvsTFIETF Comparison
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iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) belong to the same industry segment: Municipal Bonds. IBMO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, TFI's top sector exposures are Municipal. IBMO is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.23% for TFI. IBMO is up 1.93% year-to-date (YTD) with -$59M in YTD flows. TFI performs worse with -2.49% YTD performance, and +$84M in YTD flows. Run a side-by-side ETF comparison of IBMO 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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IBMO 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. | IBMO TFI | +0.23%-0.28% | +0.61%-3.60% | +1.93%-2.49% | +2.47%-1.96% | +10.53%+9.22% | +4.56%-3.38% |
| Flows | IBMO TFI | -$35M-$11M | -$69M-$6M | -$59M+$84M | -$3M-$246M | +$182M-$201M | +$390M-$289M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMO TFI | +0.14%+5.46% | +0.21%+3.39% | +0.79%+4.11% | +1.52%+4.15% |
| Max drawdown | IBMO TFI | n/a-6.18% | -0.05%-7.00% | -0.74%-7.00% | -8.06%-14.88% |
| Max drawdown duration | IBMO TFI | n/a92d | 13d229d | 46d229d | 1150d1513d |
Trading data
IBMO | TFI | |
Last sale 10/16/2026 at 1:30 PM | $25.63 | $43.33 |
| Previous close 10/15/2026 | $25.62 | $43.31 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IBMO | 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 10/16/2026 at 1:30 PM
Live
Closed
IBMO | TFI | |
|---|---|---|
| Last price | $25.63 | $43.33 |
| 1D performance | +0.04% | +0.05% |
| AuM | $510.12 M | $2.94 B |
| E/R | 0.1% | 0.23% |
Characteristics
IBMO | TFI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index | ICE 1+ Year AMT-Free Broad Municipal Index |
| N° of holdings | 238 | 813 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2019 | September 11, 2007 |
| ESG | No | No |
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Exposure
Countries
IBMO
USA
36.17%
Other
63.83%
TFI
USA
42.6%
Other
57.4%
Sectors
IBMO
Municipal
36.12%
Other
63.88%
TFI
Municipal
42.6%
Other
57.4%
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Diversification
IBMO
Total weight of top 15 holdings out of 15
46.15%
TFI
Total weight of top 15 holdings out of 15
2.91%
Top 15 holdings
Data as of August 31, 2026
IBMO
US1966307T89
4.51%
Orlando Utilities Commission, FRN 1oct2039, USD (2015B)
4.51%
US20775DTT99
4.33%
US812643ZK32
3.82%
US79642GTU66
3.82%
US44244CN944
3.61%
US254845VW74
3.61%
US89602RPH20
3.01%
US196707Y498
2.53%
Battery Park City Authority, FRN 1nov2038, USD (2019D)
2.45%
Metropolitan Atlanta Rapid Transit Authority, FRN 1jul2045, USD (2026B)
2.16%
Long Island Power Authority, FRN 1sep2042, USD (2026A)
2.07%
US576051R651
2.00%
US495290ET12
1.91%
US542691LG38
1.80%
TFI
California, 5% 1nov2027, USD
0.23%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.20%
US91412HWK57
0.20%
US64972GE598
0.20%
State of Washington, 5% 1feb2028, USD (2024A)
0.20%
US373385LV30
0.20%
US574193VL92
0.20%
US55844RWX87
0.20%
US574204S201
0.19%
US677523KE13
0.19%
US764581KP80
0.19%
California, 5% 1nov2032, USD
0.18%
California Community Choice Financing Authority, 5% 1may2054, USD (2024A)
0.18%
US010831EC55
0.18%
US207758N749
0.17%
Frequently asked questions about IBMO and TFI
How have the IBMO and TFI ETFs performed in 2026?
As of October 16, 2026, IBMO is up 1.93% year-to-date (YTD), while TFI has lost -2.49%. That puts IBMO better performer ahead so far this year.
Which ETF is attracting more investor money: IBMO or TFI?
Year-to-date, the IBMO ETF saw -$59M in flows, compared to +$84M for TFI.
Which ETF is more volatile: IBMO or TFI?
Over the past year, IBMO had a volatility of 0.21%, while TFI experienced 3.39%.
Which ETF is bigger: IBMO or TFI?
As of October 16, 2026, IBMO holds $510.12 M in assets under management (AUM), while TFI manages $2.94 B.
What sectors do the IBMO and TFI ETFs invest in?
IBMO leans toward sectors like Municipal. Meanwhile, TFI focuses on Municipal.
What are the top holdings of the IBMO ETF and TFI ETF?
IBMO top holdings include US1966307T89, Orlando Utilities Commission, FRN 1oct2039, USD (2015B) and US20775DTT99. TFI holds in its top three: California, 5% 1nov2027, USD, Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B) and US91412HWK57.
Which ETF is more diversified: IBMO or TFI?
IBMO holds 517 securities with 46.15% of its assets in the top 15. TFI has 1916 securities and a top 15 weight of 2.91%.
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