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INTM vs MMIT

Invesco Intermediate Municipal ETF

INTMCCboe

NYLI MacKay Muni Intermediate ETF

MMITANYSE Arca

Overlap

No data

Expense ratio

MMIT −0.05pt a year

INTM0.35%MMIT0.30%

Avg volume · 30D

MMIT 692.3×the volume

INTM995MMIT689K

INTM vs MMIT Performance

Oct 31, 2025 – Oct 30, 2026

+0.9%INTM+0.7%MMIT

Oct 31, 2025 to Oct 30, 2026. INTM +0.9%. MMIT +0.7%. Use the arrow keys to read each point.−2%2%4%Oct 2025Apr 2026Oct 2026
Expense ratio
INTM 0.35%
MMIT 0.30%, better
Fund size
INTM $105M
MMIT $1.45B
1Y total return
INTM +0.9%, better
MMIT +0.7%
Yield (12M)
INTM 3.79%
MMIT 4.02%, better
Holdings
INTM 176
MMIT 963
Avg volume (30D)
INTM 995 sh
MMIT 689K sh, better
NAV per share
INTM $50.29
MMIT $23.64
52W range

ETF.net Grade

INTM: Cost 24, Risk 56, Mission 85, Tradability 0, Holdings 38, Durability 37. MMIT: Cost 53, Risk 52, Mission 99, Tradability 85, Holdings 79, Durability 66.
Pillar letters and Scores for INTM, MMIT, with each pillar’s weight
PillarINTMMMIT
Cost30% weightF24C53Higher
Mission25% weightA85A99Higher
Risk15% weightB56HigherC52
Tradability15% weightF0A85Higher
Holdings10% weightD38A79Higher
Durability5% weightD37B66Higher

Rank among Intermediate Municipal Bonds funds

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

Same Category. INTM and MMIT are both graded against the same 19 Intermediate Municipal Bonds funds, so their Grades compare head to head.

Intermediate Municipal Bonds⁠

Category · 19 funds
See all 19 ›

MMIT ranks 4th and INTM 16th of 19 funds in the Intermediate Municipal Bonds Category.

  1. Rank 1ATAXINorthern Trust Intermediate Tax-Exempt Bond ETFScore 84
  2. Rank 2AITMVanEck Intermediate Muni ETFScore 77
  3. Rank 3AEVIMEaton Vance Intermediate Municipal Income ETFScore 76
  4. Rank 4AMMITNYLI MacKay Muni Intermediate ETFScore 72
  5. Rank 5ATAXET. Rowe Price Intermediate Municipal Income ETFScore 71
  6. Rank 14CTXXIBondBloxx IR+M Tax-Aware Intermediate Duration ETFScore 49
  7. Rank 16CINTMInvesco Intermediate Municipal ETFScore 42
  8. Rank 17CFIMUFidelity Intermediate Municipal Income ETFScore 41

Our read on each fund

ETF.net Research

INTMCInvesco Intermediate Municipal ETF

MMITANYLI MacKay Muni Intermediate ETF

In short

INTM No data

MMIT Active muni bond-picking in an ETF wrapper. MacKay Shields' municipal desk has run MMIT since 2017, sifting roughly 900 investment-grade, AMT-free bonds for income exempt from federal tax, and paying it out monthly.

Stated mandate

INTM No data

MMIT The Fund seeks current income exempt from federal income tax.

Why people hold it

INTM No data

  • MMIT Genuinely active, not an index in disguise: MacKay Shields' muni team picks bonds on credit and yield-curve analysis, targeting a 3 to 10 year duration band.nylim.comstockanalysis.com
  • A billion-dollar-plus fund and one of the more actively traded in the intermediate muni group, with roughly 900 bonds spreading issuer risk.
  • Trading since 2017, a long run for an active muni ETF, and one of the stronger implementations in its intermediate muni peer group.
  • Does the one job it advertises: current income exempt from federal income tax, distributed monthly.

Worth knowing

INTM No data

  • MMIT 0.30%, net of a fee waiver off 0.46% gross, sits near the category median but above index rivals: TAXI 0.05%, ITM 0.18%, EVIM 0.11% net of a waiver through February 1, 2027.
  • Active management cuts both ways: holdings and results can drift from a plain muni index in either direction.nylim.com
  • Income is exempt from federal income tax, not state tax, and the bonds still reprice when rates move.nylim.com

Full INTM profile⁠

Full MMIT profile⁠

INTM vs MMIT 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.

INTM vs MMIT Cost

Overpaying INTM vs MMIT

$977

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

  • INTM 0.35%

    $7,126

  • MMIT 0.30%

    $6,149

$10,000
30 years

Cost over time

  • INTM 0.35%
  • MMIT 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530INTM $7,126MMIT $6,149

Year by year

YearINTMMMITOverpaying
10$634$545$89
20$2,454$2,113$341
30$7,126$6,149$977

Expense ratio

  • 0.35%INTM
  • 0.30%MMIT, cheaper
  • Middle half of Intermediate Municipal Bonds funds
  • Median 0.30%

MMIT 8th cheapest of 19 funds

INTM 12th cheapest of 19 funds

INTM vs MMIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INTM 3.79%
MMIT 4.02%, better
Payout (12M)
INTM $1.90
MMIT $0.95
Last payment
INTM $0.18
MMIT $0.07
Ex-dividend
INTM Oct 19, 2026
MMIT Oct 30, 2026
Paid on
INTM Oct 23, 2026
MMIT Pays Nov 3, 2026
Frequency
INTM Monthly
MMIT Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

INTMMonthly · 14 paymentsAll INTM payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Sep 22, 2025 $0.15; Oct 20, 2025 $0.15; Nov 24, 2025 $0.15; Dec 22, 2025 $0.15; Jan 20, 2026 $0.15; Feb 23, 2026 $0.15; Mar 23, 2026 $0.15; Apr 20, 2026 $0.15; May 18, 2026 $0.16; Jun 22, 2026 $0.16; Jul 20, 2026 $0.16; Aug 24, 2026 $0.16; Sep 21, 2026 $0.18; Oct 19, 2026 $0.18. Use the arrow keys to read each point.$0$0.2020232026YTD
MMITMonthly · 46 paymentsAll MMIT payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.07; Mar 1, 2023 $0.06; Apr 3, 2023 $0.07; May 1, 2023 $0.07; Jun 1, 2023 $0.07; Jul 3, 2023 $0.07; Aug 1, 2023 $0.07; Sep 1, 2023 $0.07; Oct 2, 2023 $0.07; Nov 1, 2023 $0.07; Dec 1, 2023 $0.07; Dec 28, 2023 $0.08; Feb 1, 2024 $0.08; Mar 1, 2024 $0.07; Apr 1, 2024 $0.08; May 1, 2024 $0.08; Jun 3, 2024 $0.08; Jul 1, 2024 $0.08; Aug 1, 2024 $0.08; Sep 3, 2024 $0.08; Oct 1, 2024 $0.08; Nov 1, 2024 $0.08; Dec 2, 2024 $0.08; Dec 30, 2024 $0.05; Feb 3, 2025 $0.07; Mar 3, 2025 $0.07; Apr 1, 2025 $0.07; Apr 30, 2025 $0.07; Jun 2, 2025 $0.08; Jul 1, 2025 $0.06; Aug 1, 2025 $0.07; Sep 2, 2025 $0.08; Oct 1, 2025 $0.07; Nov 3, 2025 $0.07; Dec 1, 2025 $0.07; Dec 30, 2025 $0.07; Jan 30, 2026 $0.07; Feb 27, 2026 $0.07; Mar 31, 2026 $0.07; Apr 30, 2026 $0.07; May 29, 2026 $0.08; Jun 30, 2026 $0.07; Jul 31, 2026 $0.07; Aug 31, 2026 $0.07; Sep 30, 2026 $0.07; Oct 30, 2026 $0.07. Use the arrow keys to read each point.$0$0.2020232026YTD

INTM vs MMIT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
INTM 5.7%since Aug 2025MMIT 5.0%
Return per unit of riskSharpe ratio, 3 years
INTM −0.002since Aug 2025MMIT −0.01
Worst fallMax drawdown, 5 years
INTM −5.6%since Jul 2025MMIT −12.1%
Market sensitivityBeta, 5 years
INTM 0.15MMIT 0.73

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