PMIOvsPVIETF Comparison
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PGIM Municipal Income Opportunities ETF (PMIO) and Invesco VRDO Tax-Free ETF (PVI) belong to the same industry segment: Municipal Bonds. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, PVI's top sector exposures are Municipal. Both PMIO and PVI have the same Total Expense Ratio (TER) of 0.25%. PMIO is up 0.9% year-to-date (YTD) with +$17M in YTD flows. PVI performs better with 1.28% YTD performance, and -$3K in YTD flows. Run a side-by-side ETF comparison of PMIO and PVI 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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PMIO vs PVI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PMIO PVI | -0.58%+0.17% | -1.04%+0.53% | +0.90%+1.28% | +3.09%+2.08% | n/a+7.52% | n/a+10.20% |
| Flows | PMIO PVI | +$1M- | +$4M-$2M | +$17M-$3K | +$25M-$3K | --$9M | --$19M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO PVI | +2.09%+0.09% | +1.95%+0.15% | n/a+0.13% | n/a+0.14% |
| Max drawdown | PMIO PVI | -1.62%n/a | -2.30%n/a | n/an/a | n/a-0.09% |
| Max drawdown duration | PMIO PVI | 64dn/a | 108dn/a | n/an/a | n/a286d |
Trading data
PMIO | PVI | |
Last sale 9/10/2026 at 1:30 PM | $49.46 | $24.86 |
| Previous close 09/09/2026 | $49.76 | $24.83 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 11, 2026
1-year trailing difference
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PMIO
is actively managed and doesn’t replicate an indexPMIO | PVI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
PMIO | PVI | |
|---|---|---|
| Last price | $49.46 | $24.86 |
| 1D performance | -0.59% | +0.12% |
| AuM | $51.25 M | $31.04 M |
| E/R | 0.25% | 0.25% |
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Exposure
Countries
PMIO
USA
37.59%
Other
62.41%
PVI
USA
37.26%
Other
62.74%
Sectors
PMIO
Municipal
35.68%
Other
64.32%
PVI
Municipal
37.26%
Other
62.74%
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Diversification
PMIO
Total weight of top 15 holdings out of 15
29.74%
PVI
Total weight of top 15 holdings out of 15
33.32%
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%
PVI
US64972GAS30
4.45%
US64966TAF12
3.89%
Texas, FRN 1jun2046, USD (2015B)
2.95%
US20775HDU41
2.27%
New York Transitional Finance Authority, FRN 1nov2036, USD
2.27%
Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)
2.27%
US45200FFS39
2.17%
New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)
1.94%
West Palm Beach, FRN 1oct2038, USD (2008C)
1.62%
US44244CN944
1.62%
US405815HE45
1.62%
Texas State University, FRN 1aug2039, USD (2008B)
1.62%
US072024YE64
1.62%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.56%
US87638QSH38
1.46%
Frequently asked questions about PMIO and PVI
How have the PMIO and PVI ETFs performed in 2026?
As of September 8, 2026, PMIO is up 0.9% year-to-date (YTD), while PVI has returned 1.28%. That puts PVI better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or PVI?
Year-to-date, the PMIO ETF saw +$17M in flows, compared to -$3K for PVI.
Which ETF is more volatile: PMIO or PVI?
Over the past year, PMIO had a volatility of 1.95%, while PVI experienced 0.15%.
Which ETF is bigger: PMIO or PVI?
As of September 8, 2026, PMIO holds $51.25 M in assets under management (AUM), while PVI manages $31.04 M.
What sectors do the PMIO and PVI ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, PVI focuses on Municipal.
What are the top holdings of the PMIO ETF and PVI ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. PVI holds in its top three: US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B).
Which ETF is more diversified: PMIO or PVI?
PMIO holds 6869 securities with 29.74% of its assets in the top 15. PVI has 147 securities and a top 15 weight of 33.32%.
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