ITMvsHTAXETF Comparison
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VanEck Intermediate Muni ETF (ITM) and Nomura National High-Yield Municipal Bond ETF (HTAX) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. ITM is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.49% for HTAX. ITM is down -1.45% year-to-date (YTD) with +$34M in YTD flows. HTAX performs better with 1.08% YTD performance, and +$28M in YTD flows. Run a side-by-side ETF comparison of ITM and HTAX 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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ITM vs HTAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ITM HTAX | -0.68%-0.80% | -2.16%-1.48% | -1.45%+1.08% | +2.63%+6.88% | +9.11%n/a | -0.57%n/a |
| Flows | ITM HTAX | -$14M+$1M | -$32M+$4M | +$34M+$28M | +$165M+$32M | +$326M- | +$375M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ITM HTAX | +2.61%+3.62% | +2.52%+3.60% | +3.60%n/a | +3.62%n/a |
| Max drawdown | ITM HTAX | -2.52%-3.01% | -3.65%-3.01% | -4.98%n/a | -14.42%n/a |
| Max drawdown duration | ITM HTAX | 58d58d | 185d58d | 186dn/a | 1486dn/a |
Trading data
ITM | HTAX | |
Last sale 9/2/2026 at 1:30 PM | $45.39 | $23.97 |
| Previous close 09/02/2026 | $45.41 | $24.00 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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HTAX
is actively managed and doesn’t replicate an indexITM | HTAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
ITM | HTAX | |
|---|---|---|
| Last price | $45.39 | $23.97 |
| 1D performance | -0.04% | -0.15% |
| AuM | $2.09 B | $59.40 M |
| E/R | 0.18% | 0.49% |
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Exposure
Countries
ITM
USA
53.87%
Other
46.13%
HTAX
USA
52.47%
Other
47.53%
Sectors
ITM
Municipal
53.87%
Other
46.13%
HTAX
Municipal
52.47%
Other
47.53%
Diversification
ITM
Total weight of top 15 holdings out of 15
5.21%
HTAX
Total weight of top 15 holdings out of 15
16.32%
Top 15 holdings
Data as of July 31, 2026
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%
HTAX
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
1.71%
Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018)
1.66%
Puerto Rico, FRN 1nov2043, USD
1.23%
Louisiana Public Facilities Authority, 5% 1sep2066, USD (2024)
1.21%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
1.18%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
1.13%
US63607YEY23
0.98%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.96%
Wisconsin Public Finance Authority, 6.5% 31dec2065, USD (2025)
0.93%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.92%
San Diego Regional Airport Authority, 5.5% 1jul2055, USD (2025A)
0.89%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2053, USD (2023B)
0.89%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.88%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.88%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.87%
Frequently asked questions about ITM and HTAX
How have the ITM and HTAX ETFs performed in 2026?
As of September 2, 2026, ITM is down -1.45% year-to-date (YTD), while HTAX has returned 1.08%. That puts HTAX better performer ahead so far this year.
Which ETF is attracting more investor money: ITM or HTAX?
Year-to-date, the ITM ETF saw +$34M in flows, compared to +$28M for HTAX.
Which ETF is more volatile: ITM or HTAX?
Over the past year, ITM had a volatility of 2.52%, while HTAX experienced 3.6%.
Which ETF is bigger: ITM or HTAX?
As of September 2, 2026, ITM holds $2.09 B in assets under management (AUM), while HTAX manages $59.40 M.
What sectors do the ITM and HTAX ETFs invest in?
ITM leans toward sectors like Municipal. Meanwhile, HTAX focuses on Municipal.
What are the top holdings of the ITM ETF and HTAX ETF?
ITM top holdings include US646067KE77, California Community Choice Financing Authority, 5% 1aug2055, USD (2024C) and California Community Choice Financing Authority, 5% 1feb2055, USD (2024F). HTAX holds in its top three: Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018) and Puerto Rico, FRN 1nov2043, USD.
Which ETF is more diversified: ITM or HTAX?
ITM holds 1328 securities with 5.21% of its assets in the top 15. HTAX has 217 securities and a top 15 weight of 16.32%.
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Latest news about ITM & HTAX
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