PMIOvsPSQOETF Comparison
VS
PGIM Municipal Income Opportunities ETF (PMIO) belongs to the Municipal Bonds segment. Palmer Square Credit Opportunities ETF (PSQO) is part of the US Aggregate Bonds segment. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, PSQO's top sector exposures are Sovereign, Industrials and Utilities. PMIO is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.52% for PSQO. PMIO is down -0.07% year-to-date (YTD) with +$17M in YTD flows. PSQO performs better with 3.01% YTD performance, and +$173M in YTD flows. Run a side-by-side ETF comparison of PMIO and PSQO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
PMIO vs PSQO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PMIO PSQO | -1.54%+0.34% | -1.93%+1.26% | -0.07%+3.01% | +1.74%+4.83% | n/an/a | n/an/a |
| Flows | PMIO PSQO | +$1M+$12M | +$4M+$34M | +$17M+$173M | +$25M+$207M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO PSQO | +2.50%+0.50% | +2.07%+0.67% | n/an/a | n/an/a |
| Max drawdown | PMIO PSQO | -2.43%-0.08% | -2.43%-0.68% | n/an/a | n/an/a |
| Max drawdown duration | PMIO PSQO | 66d7d | 66d40d | n/an/a | n/an/a |
Trading data
PMIO | PSQO | |
Last sale 9/11/2026 at 1:30 PM | $49.62 | $20.85 |
| Previous close 09/10/2026 | $49.46 | $20.85 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
PMIO | PSQO | |
|---|---|---|
| Last price | $49.62 | $20.85 |
| 1D performance | +0.32% | -0.02% |
| AuM | $50.76 M | $293.93 M |
| E/R | 0.25% | 0.52% |
Characteristics
PMIO | PSQO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | Palmer Square |
| Benchmark | - | - |
| N° of holdings | 3899 | 168 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2024 | September 11, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
PMIO
USA
37.59%
Other
62.41%
PSQO
USA
36.63%
Other
63.37%
Sectors
PMIO
Municipal
35.68%
Other
64.32%
PSQO
Sovereign
11.25%
Industrials
7.71%
Other
81.04%
Diversification
PMIO
Total weight of top 15 holdings out of 15
29.74%
PSQO
Total weight of top 15 holdings out of 15
17.98%
Top 15 holdings
Data as of July 31, 2026
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%
PSQO
Fidelity Investments Money Market Treasury Portfolio
2.18%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.96%
USA, Notes 4% 31may2028, USD (BC-2028)
1.81%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
1.80%
USA, Notes 4% 31jan2029, USD (U-2029)
1.54%
USA, Bills 0% 5nov2026, USD (182D)
1.26%
USA, Bills 0% 19nov2026, USD (182D)
1.26%
US14317KAQ76
1.09%
US38190MAJ09
0.73%
US89640AAY29
0.73%
US29002GAU58
0.73%
US14315GAW50
0.73%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
0.73%
US671000AL11
0.72%
US55956CAA99
0.72%
Frequently asked questions about PMIO and PSQO
How have the PMIO and PSQO ETFs performed in 2026?
As of September 10, 2026, PMIO is down -0.07% year-to-date (YTD), while PSQO has returned 3.01%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or PSQO?
Year-to-date, the PMIO ETF saw +$17M in flows, compared to +$173M for PSQO.
Which ETF is more volatile: PMIO or PSQO?
Over the past year, PMIO had a volatility of 2.07%, while PSQO experienced 0.67%.
Which ETF is bigger: PMIO or PSQO?
As of September 10, 2026, PMIO holds $50.76 M in assets under management (AUM), while PSQO manages $293.93 M.
What sectors do the PMIO and PSQO ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, PSQO focuses on Sovereign and Industrials.
What are the top holdings of the PMIO ETF and PSQO ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. PSQO holds in its top three: Fidelity Investments Money Market Treasury Portfolio, USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4% 31may2028, USD (BC-2028).
Which ETF is more diversified: PMIO or PSQO?
PMIO holds 6869 securities with 29.74% of its assets in the top 15. PSQO has 426 securities and a top 15 weight of 17.98%.
Advertisement
Advertisement
