INMUvsPMIOETF Comparison
VS
iShares Intermediate Muni Income Active ETF (INMU) and PGIM Municipal Income Opportunities ETF (PMIO) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 2 sector exposures: Municipal and Non-Corporate. INMU is more expensive with a Total Expense Ratio (TER) of 0.41%, versus 0.25% for PMIO. INMU is up 0.08% year-to-date (YTD) with +$311M in YTD flows. PMIO performs better with 0.88% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of INMU and PMIO 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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INMU vs PMIO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | INMU PMIO | -0.58%-0.13% | -1.61%-0.71% | +0.08%+0.88% | +3.73%+4.17% | +12.35%n/a | +6.56%n/a |
| Flows | INMU PMIO | +$19M- | +$77M+$3M | +$311M+$15M | +$426M+$24M | +$536M- | +$537M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | INMU PMIO | +2.25%+2.14% | +2.10%+2.03% | +3.29%n/a | +3.00%n/a |
| Max drawdown | INMU PMIO | -2.17%-1.62% | -2.47%-2.30% | -4.19%n/a | -10.06%n/a |
| Max drawdown duration | INMU PMIO | 58d57d | 185d108d | 177dn/a | 1063dn/a |
Trading data
INMU | PMIO | |
Last sale 9/2/2026 at 1:30 PM | $23.50 | $49.96 |
| Previous close 09/02/2026 | $23.53 | $50.01 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
INMU | PMIO | |
|---|---|---|
| Last price | $23.50 | $49.96 |
| 1D performance | -0.13% | -0.10% |
| AuM | $551.91 M | $49.99 M |
| E/R | 0.41% | 0.25% |
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Exposure
Countries
INMU
USA
34.92%
Other
65.08%
PMIO
USA
37.59%
Other
62.41%
Sectors
INMU
Municipal
30.6%
Other
69.4%
PMIO
Municipal
35.68%
Other
64.32%
Diversification
INMU
Total weight of top 15 holdings out of 15
15.91%
PMIO
Total weight of top 15 holdings out of 15
29.74%
Top 15 holdings
Data as of July 31, 2026
INMU
BlackRock Liquidity MuniCash
4.32%
Pennsylvania, 5% 1apr2042, USD (2026)
1.02%
US207758Z636
1.02%
Port of Portland, 5.25% 1jul2042, USD
0.99%
US20772KF792
0.88%
US09182TEN37
0.85%
State of Washington, 5% 1feb2040, USD (2026C)
0.83%
US575829PX87
0.83%
US13013JHG40
0.82%
US60416TYA05
0.81%
California Statewide Communities Development Authority, 5% 1oct2028, USD (2025A)
0.78%
US13034DBS27
0.73%
Southern California Public Power Authority, 5% 1nov2033, USD (2026A)
0.70%
Pennsylvania Public School Building Authority, 5% 1jun2032, USD (2016A)
0.67%
US576528DP59
0.66%
PMIO
Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023)
2.50%
US34074HJC79
2.30%
Illinois Toll Highway Authority, 5% 1jan2045, USD
2.29%
US74442PB613
2.21%
Kentucky Public Energy Authority, 5.25% 1apr2054, USD (2023)
2.11%
County of Utah, 5% 15may2043, USD (2020A)
2.07%
New York Liberty Development Corp., 2.45% 15sep2069, USD (2019)
2.03%
US63607WBD56
1.91%
PGIM Core Government Money Market Fund
1.90%
US63607WBN39
1.84%
National Finance Authority, 6.5% 1dec2034, USD (2026)
1.81%
US63607DAB29
1.76%
US64985STJ23
1.68%
US924190WL18
1.68%
US92708HAQ74
1.66%
Frequently asked questions about INMU and PMIO
How have the INMU and PMIO ETFs performed in 2026?
As of September 2, 2026, INMU is up 0.08% year-to-date (YTD), while PMIO has returned 0.88%. That puts PMIO better performer ahead so far this year.
Which ETF is attracting more investor money: INMU or PMIO?
Year-to-date, the INMU ETF saw +$311M in flows, compared to +$15M for PMIO.
Which ETF is more volatile: INMU or PMIO?
Over the past year, INMU had a volatility of 2.1%, while PMIO experienced 2.03%.
Which ETF is bigger: INMU or PMIO?
As of September 2, 2026, INMU holds $551.91 M in assets under management (AUM), while PMIO manages $49.99 M.
What sectors do the INMU and PMIO ETFs invest in?
INMU leans toward sectors like Municipal. Meanwhile, PMIO focuses on Municipal.
What are the top holdings of the INMU ETF and PMIO ETF?
INMU top holdings include BlackRock Liquidity MuniCash, Pennsylvania, 5% 1apr2042, USD (2026) and US207758Z636. PMIO holds in its top three: Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD.
Which ETF is more diversified: INMU or PMIO?
INMU holds 430 securities with 15.91% of its assets in the top 15. PMIO has 6869 securities and a top 15 weight of 29.74%.
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