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IBMO vs MUNA

iShares iBonds Dec 2026 Term Muni Bond ETF

IBMOACboe

Northern Trust 2030 Tax-Exempt Distributing Ladder ETF

MUNABNYSE Arca

Overlap

No data

Expense ratio

IBMO −0.08pt a year

IBMO0.10%MUNA0.18%

Avg volume · 30D

IBMO 46.7×the volume

IBMO84.8KMUNA1.82K

IBMO vs MUNA Performance

Nov 7, 2025 – Nov 9, 2026

+2.7%IBMO+2.5%MUNA

Nov 7, 2025 to Nov 9, 2026. IBMO +2.7%. MUNA +2.5%. Use the arrow keys to read each point.0%0.5%1%1.5%2%Nov 2025May 2026Nov 2026
Expense ratio
IBMO 0.10%, better
MUNA 0.18%
Fund size
IBMO $494M
MUNA $8M
1Y total return
IBMO +2.7%, better
MUNA +2.5%
Yield (12M)
IBMO 2.41%, better
MUNA 2.28%
Holdings
IBMO 213
MUNA 228
Avg volume (30D)
IBMO 84.8K sh, better
MUNA 1.82K sh
NAV per share
IBMO $25.62
MUNA $99.85
52W range

ETF.net Grade

IBMO: Cost 87, Risk 69, Mission 100, Tradability 84, Holdings 21, Durability 94. MUNA: Cost 45, Risk 72, Mission 79, Tradability 42, Holdings 59, Durability 31.
Pillar letters and Scores for IBMO, MUNA, with each pillar’s weight
PillarIBMOMUNA
Cost30% weightA87HigherC45
Mission25% weightA100HigherA79
Risk15% weightB69A72Higher
Tradability15% weightA84HigherC42
Holdings10% weightF21B59Higher
Durability5% weightA94HigherD31

Rank among Defined-Maturity Municipal funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IBMO and MUNA are both graded against the same 32 Defined-Maturity Municipal funds, so their Grades compare head to head.

Defined-Maturity Municipal⁠

Category · 32 funds
See all 32 ›

IBMO ranks 4th and MUNA 12th of 32 funds in the Defined-Maturity Municipal Category.

  1. Rank 1AIBMPiShares iBonds Dec 2027 Term Muni Bond ETFScore 87
  2. Rank 1AIBMQiShares iBonds Dec 2028 Term Muni Bond ETFScore 87
  3. Rank 3AIBMRiShares iBonds Dec 2029 Term Muni Bond ETFScore 82
  4. Rank 4AIBMOiShares iBonds Dec 2026 Term Muni Bond ETFScore 80
  5. Rank 5AIBMTiShares iBonds Dec 2031 Term Muni Bond ETFScore 73
  6. Rank 11BIBMXiShares iBonds Dec 2035 Term Muni Bond ETFScore 60
  7. Rank 12BMUNANorthern Trust 2030 Tax-Exempt Distributing Ladder ETFScore 57
  8. Rank 13BBSMVInvesco BulletShares 2031 Municipal Bond ETFScore 56

Our read on each fund

ETF.net Research

IBMOAiShares iBonds Dec 2026 Term Muni Bond ETF

MUNABNorthern Trust 2030 Tax-Exempt Distributing Ladder ETF

In short

IBMO No data

MUNA Most target-maturity bond funds are a single rung. MUNA is the whole staircase: an actively managed muni ladder with rungs maturing each year through 2030 that pays principal back as it goes, then liquidates in the terminal year.

Stated mandate

IBMO No data

MUNA The Fund seeks periodic distributions of federally tax-exempt income and/or principal through 2030. It uses a laddered municipal-bond strategy with maturities across annual rungs through the terminal year.

Why people hold it

IBMO No data

  • MUNA One ticker does the job of several: a laddered portfolio of federally tax-exempt municipal bonds with rungs through 2030, paying income monthly.flexshares.com
  • Built to hand cash back on a schedule. As each annual rung matures, principal goes out the door, and at the end of the final rung the fund liquidates and distributes its assets.flexshares.com
  • Actively managed across a few hundred municipal bonds, spread in roughly equal proportions by par value across the existing rungs, so no single issuer dominates.flexshares.com
  • Interest from the munis it holds is exempt from regular federal income tax, a structural feature the corporate and Treasury ladders in this category do not offer.flexshares.com

Worth knowing

IBMO No data

  • MUNA At 0.18% a year it runs pricier than single-maturity rivals such as IBTJ (0.07%) and BSCU (0.10%). That is the toll for active muni management and a multi-rung ladder in one wrapper.
  • Unlike an individual bond, the fund carries no obligation to return principal, and NAV is designed to fall as payments are made. Distributions can include return of capital.flexshares.com
  • Launched in 2025 and still small and thinly traded. Lighter-volume funds tend to carry wider bid/ask spreads than the long-established defined-maturity franchises.

Full IBMO profile⁠

Full MUNA profile⁠

IBMO vs MUNA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IBMO vs MUNA Cost

Overpaying MUNA vs IBMO

$1,643

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IBMO 0.10%

    $2,106

  • MUNA 0.18%

    $3,749

$10,000
30 years

Cost over time

  • IBMO 0.10%
  • MUNA 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530MUNA $3,749IBMO $2,106

Year by year

YearIBMOMUNAOverpaying
10$183$328$145
20$717$1,281$564
30$2,106$3,749$1,643

Expense ratio

  • 0.10%IBMO, cheaper
  • 0.18%MUNA
  • Middle half of Defined-Maturity Municipal funds
  • Median 0.18%

IBMO cheapest of 32 funds

MUNA 10th cheapest of 32 funds

IBMO vs MUNA Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
IBMO 2.41%, better
MUNA 2.28%
Payout (12M)
IBMO $0.62
MUNA $2.28
Last payment
IBMO $0.05
MUNA $0.22
Ex-dividend
IBMO Nov 2, 2026
MUNA Nov 2, 2026
Paid on
IBMO Nov 5, 2026
MUNA Nov 6, 2026
Frequency
IBMO Monthly
MUNA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IBMOMonthly · 46 paymentsAll IBMO payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.03; Mar 1, 2023 $0.04; Apr 3, 2023 $0.03; May 1, 2023 $0.03; Jun 1, 2023 $0.03; Jul 3, 2023 $0.04; Aug 1, 2023 $0.03; Sep 1, 2023 $0.03; Oct 2, 2023 $0.04; Nov 1, 2023 $0.04; Dec 1, 2023 $0.04; Dec 14, 2023 $0.04; Feb 1, 2024 $0.04; Mar 1, 2024 $0.05; Apr 1, 2024 $0.04; May 1, 2024 $0.04; Jun 3, 2024 $0.05; Jul 1, 2024 $0.05; Aug 1, 2024 $0.05; Sep 3, 2024 $0.05; Oct 1, 2024 $0.05; Nov 1, 2024 $0.05; Dec 2, 2024 $0.05; Dec 18, 2024 $0.05; Feb 3, 2025 $0.05; Mar 3, 2025 $0.05; Apr 1, 2025 $0.05; May 1, 2025 $0.05; Jun 2, 2025 $0.05; Jul 1, 2025 $0.05; Aug 1, 2025 $0.05; Sep 2, 2025 $0.05; Oct 1, 2025 $0.05; Nov 3, 2025 $0.05; Dec 1, 2025 $0.05; Dec 19, 2025 $0.05; Feb 2, 2026 $0.05; Mar 2, 2026 $0.05; Apr 1, 2026 $0.05; May 1, 2026 $0.05; Jun 1, 2026 $0.05; Jul 1, 2026 $0.05; Aug 3, 2026 $0.05; Sep 1, 2026 $0.05; Oct 1, 2026 $0.06; Nov 2, 2026 $0.05. Use the arrow keys to read each point.$0$0.2520232026YTD
MUNAMonthly · 15 paymentsAll MUNA payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Sep 2, 2025 $0.08; Oct 1, 2025 $0.18; Nov 3, 2025 $0.18; Dec 1, 2025 $0.18; Dec 19, 2025 $0.15; Feb 2, 2026 $0.22; Mar 2, 2026 $0.18; Apr 1, 2026 $0.15; May 1, 2026 $0.20; Jun 1, 2026 $0.15; Jul 1, 2026 $0.18; Aug 3, 2026 $0.22; Sep 1, 2026 $0.22; Oct 1, 2026 $0.21; Nov 2, 2026 $0.22. Use the arrow keys to read each point.$0$0.2520232026YTD

IBMO vs MUNA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IBMO 1.6%MUNA 2.6%since Sep 2025
Return per unit of riskSharpe ratio, 3 years
IBMO −0.66MUNA −0.65since Sep 2025
Worst fallMax drawdown, 5 years
IBMO −8.3%MUNA −2.1%since Aug 2025
Market sensitivityBeta, 5 years
IBMO 0.27MUNA 0.04

IBMO and MUNA in the news

All news⁠

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