TMBvsITMETF Comparison
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Thornburg Multi Sector Bond ETF (TMB) belongs to the Intl Aggregate Bonds segment. VanEck Intermediate Muni ETF (ITM) is part of the Municipal Bonds segment. TMB's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, ITM's top sector exposures are Municipal. TMB is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.18% for ITM. TMB is down -0.2% year-to-date (YTD) with +$198M in YTD flows. ITM performs worse with -2.88% YTD performance, and +$176M in YTD flows. Run a side-by-side ETF comparison of TMB and ITM 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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TMB vs ITM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMB ITM | -0.09%+0.07% | -1.10%-3.17% | -0.20%-2.88% | +0.28%-2.05% | n/a+10.27% | n/a-0.94% |
| Flows | TMB ITM | +$7M+$174M | +$37M+$110M | +$198M+$176M | +$194M+$259M | -+$343M | -+$507M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMB ITM | +2.92%+5.25% | +2.60%+3.33% | n/a+3.74% | n/a+3.77% |
| Max drawdown | TMB ITM | -2.30%-5.93% | -2.53%-7.74% | n/a-7.74% | n/a-14.22% |
| Max drawdown duration | TMB ITM | 52d92d | 229d229d | n/a229d | n/a1387d |
Trading data
TMB | ITM | |
Last sale 10/16/2026 at 1:30 PM | $24.82 | $44.83 |
| Previous close 10/15/2026 | $24.81 | $44.85 |
| 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 October 18, 2026
1-year trailing difference
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TMB
is actively managed and doesn’t replicate an indexTMB | ITM | |
|---|---|---|
| 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
TMB | ITM | |
|---|---|---|
| Last price | $24.82 | $44.83 |
| 1D performance | +0.04% | -0.04% |
| AuM | $266.36 M | $2.20 B |
| E/R | 0.55% | 0.18% |
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Exposure
Countries
TMB
USA
49.95%
Other
50.05%
ITM
USA
52.78%
Other
47.22%
Sectors
TMB
Finance
12.66%
Sovereign
8.69%
Industrials
7.9%
Other
70.75%
ITM
Municipal
52.78%
Other
47.22%
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Diversification
TMB
Total weight of top 15 holdings out of 15
25.83%
ITM
Total weight of top 15 holdings out of 15
5.34%
Top 15 holdings
Data as of August 31, 2026
TMB
US91282CRF04
9.33%
USA, Notes 4.25% 30jun2033, USD (M-2033)
3.42%
Thornburg Capital Management Fund
2.90%
USA, Bonds 2.875% 15aug2045, USD
1.66%
USA, Notes 3.75% 31aug2031, USD (P-2031)
1.31%
FR RQ0146, 5.5% 1aug2056, USD (ABS)
1.14%
US3140W5WV28
1.02%
FN MA5497, 5.5% 1oct2054, USD (ABS)
0.92%
US31418D3H34
0.89%
US912803HV84
0.72%
FR SD8178, 2.5% 1nov2051, USD (ABS)
0.64%
US31418F2K27
0.57%
USA, STRIPS 0% 15may2042, USD (10957D)
0.51%
US3140XRWW19
0.40%
US142921AG08
0.38%
ITM
US646067KE77
0.55%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.51%
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%
US74440DFC39
0.33%
US64972GE267
0.30%
California, 5.25% 1aug2032, USD
0.30%
US63607WBD56
0.29%
California Housing Finance Agency, 3.75% 25mar2035, USD (2021-2, A)
0.29%
Southeast Energy Authority, 5.25% 1nov2055, USD (2025F)
0.28%
US569203NS77
0.28%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
0.27%
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
0.25%
Frequently asked questions about TMB and ITM
How have the TMB and ITM ETFs performed in 2026?
As of October 16, 2026, TMB is down -0.2% year-to-date (YTD), while ITM has lost -2.88%. That puts TMB better performer ahead so far this year.
Which ETF is attracting more investor money: TMB or ITM?
Year-to-date, the TMB ETF saw +$198M in flows, compared to +$176M for ITM.
Which ETF is more volatile: TMB or ITM?
Over the past year, TMB had a volatility of 2.6%, while ITM experienced 3.33%.
Which ETF is bigger: TMB or ITM?
As of October 16, 2026, TMB holds $266.36 M in assets under management (AUM), while ITM manages $2.20 B.
What sectors do the TMB and ITM ETFs invest in?
TMB leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, ITM focuses on Municipal.
What are the top holdings of the TMB ETF and ITM ETF?
TMB top holdings include US91282CRF04, USA, Notes 4.25% 30jun2033, USD (M-2033) and Thornburg Capital Management Fund. ITM holds in its top three: US646067KE77, California Community Choice Financing Authority, 5% 1aug2055, USD (2024C) and California Community Choice Financing Authority, 5% 1feb2055, USD (2024F).
Which ETF is more diversified: TMB or ITM?
TMB holds 631 securities with 25.83% of its assets in the top 15. ITM has 1325 securities and a top 15 weight of 5.34%.
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