ITM vs NYM: Grades, Fees and Holdings Compared

VanEck Intermediate Muni ETF

ITMACboe

AB New York Intermediate Municipal ETF

NYMBNYSE Arca

Overlap

0.0%by weight

Expense ratio

ITM −0.09pt a year

ITM0.18%NYM0.27%

Avg volume · 30D

ITM 7.4×the volume

ITM680KNYM91.7K

ITM vs NYM Performance

Dec 31, 2025 – Nov 6, 2026

+0.2%ITM+1.4%NYM

Expense ratio: ITM 0.18%, better; NYM 0.27%
Fund size: ITM $2.35B; NYM $1.29B
1Y total return: ITM +1.0%; NYM No data
Yield (12M): ITM 3.07%; NYM No data
Holdings: ITM 1421; NYM 413
Avg volume (30D): ITM 680K sh, better; NYM 91.7K sh
NAV per share: ITM $46.05; NYM $24.73
52W range

ETF.net Grade

Pillar letters and Scores for ITM, NYM, with each pillar’s weight
Pillar	ITM	NYM
Cost30% weight	A84Higher	B68
Mission25% weight	A100Higher	A92
Risk15% weight	D39	B66Higher
Tradability15% weight	B67Higher	B64
Holdings10% weight	B68Higher	D31
Durability5% weight	A91Higher	C46

Rank among Intermediate Municipal Bonds funds

How we build Categories ›

Same Category. ITM and NYM 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 ›

ITM ranks 2nd and NYM 8th of 19 funds in the Intermediate Municipal Bonds Category.

Rank 1ATAXINorthern Trust Intermediate Tax-Exempt Bond ETFScore 84
Rank 2AITMVanEck Intermediate Muni ETFScore 77
Rank 3AEVIMEaton Vance Intermediate Municipal Income ETFScore 76
Rank 7BTAFMAB Tax-Aware Intermediate Municipal ETFScore 69
Rank 8BNYMAB New York Intermediate Municipal ETFScore 68
Rank 9BINMUiShares Intermediate Muni Income Active ETFScore 65

Our read on each fund

ETF.net Research

ITMAVanEck Intermediate Muni ETF

NYMBAB New York Intermediate Municipal ETF

In short

ITM Most big muni ETFs buy the whole curve. ITM, running since 2007, sticks to the middle: a passive, AMT-free national index of roughly 1,400 bonds, paid out monthly, for 0.18% a year.

NYM No data

Stated mandate

ITM The fund seeks to track the price and yield performance of the ICE Intermediate AMT-Free Broad National Municipal Index before fees and expenses.

NYM No data

Why people hold it

ITM 0.18% a year against a 0.30% median for muni ETFs in its group. Modest for a fund that screens the maturity range instead of buying the entire market.
A straight index tracker of the ICE Intermediate AMT-Free Broad National Municipal Index, and it stays unusually close to that benchmark for its cohort.vaneck.com
Mid-curve by design: shorter maturities than long muni funds mean less price movement per shift in rates, with more coupon than the ultra-short end.vaneck.com
Roughly 1,400 bonds, income paid monthly, and a 2007 launch that puts several full rate cycles behind it.

NYM No data

Worth knowing

ITM Broad national trackers like VTEB, SCMB and MUB run at a few basis points. ITM's fee buys the intermediate screen, not the lowest sticker in the aisle.
Intermediate maturities soften rate moves rather than cancel them, and municipal issuers carry credit risk.
National in scope and AMT-free, so there is no single-state tax focus of the kind state-targeted peers like NYF are built around.

NYM No data

Full ITM profile⁠

Full NYM profile⁠

ITM vs NYM Holdings

How ITM and NYM differ

Overlap by weight

0.0%

Level by level

Holdings0 in both0.0%
Sector4 Sectors92.7%
Countryby domicile96.7%

Sector

Sector weights in ITM and NYM, widest gap first
Sector	Gap	ITM	NYM
Government	NYM +7.3 points	0.0%	7.3%
Municipal	ITM +5.6 points	98.3%	92.7%
Corporate	ITM +1.7 points	1.7%	0.0%
Securitized	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in ITM and NYM, widest gap first
Country	More in ITMMore in NYM	Gap	ITM	NYM
United States		ITM +3.3 points	99.9%	96.6%
Guam		NYM +3.3 points	0.1%	3.4%

Concentration

Weight in the 10 largest Holdings

ITM5.1%
NYM15.5%

Securities held

ITM454
NYM384

Asset class

ITM: Multi-Asset
NYM: Bonds

Holdings

Only in ITM454
In both0
Only in NYM384

Only in ITM

454 securities, 99.4% of ITM by weight

New York City Transitional Finance Auth4.00%
State Of California3.64%
New York State Dormitory Authority3.21%
California Community Choice Financing A3.07%
City Of New York Ny1.80%
Commonwealth Of Massachusetts1.67%
Black Belt Energy Gas District1.40%
State Of Illinois1.34%
Los Angeles Department Of Water & Power1.26%
New Jersey Transportation Trust Fund Au1.26%
Texas Water Development Board1.24%
California State Public Works Board1.22%
Metropolitan Transportation Authority1.16%
Colorado Health Facilities Authority1.14%
University Of California1.12%
State Of Connecticut1.10%
State Of Washington1.08%
District Of Columbia Income Tax Revenue1.02%
Pennsylvania Turnpike Commission0.97%
State Of Delaware0.94%
New York City Municipal Water Finance A0.92%
California Health Facilities Financing0.90%
Indiana Finance Authority0.89%
New Hampshire Business Finance Authorit0.79%
Illinois Finance Authority0.79%
State Of Minnesota0.79%
New Jersey Educational Facilities Autho0.78%
Southeast Energy Authority A Cooperativ0.77%
New York State Thruway Authority0.76%
Massachusetts Development Finance Agenc0.76%
North Texas Tollway Authority0.73%
Triborough Bridge & Tunnel Authority0.72%
State Of Maryland0.70%
State Of Ohio0.70%
State Of Wisconsin0.69%
Los Angeles Unified School District/Ca0.67%
New York State Urban Development Corp0.66%
Board Of Regents Of The University Of T0.60%
Michigan State Hospital Finance Authori0.59%
Port Authority Of New York & New Jersey0.59%
State Of Connecticut Special Tax Revenu0.58%
State Of Maryland Department Of Transpo0.56%
Energy Northwest0.52%
Private Colleges & Universities Authori0.50%
State Of North Carolina0.49%
State Of Louisiana0.48%
Los Angeles County Metropolitan Transpo0.47%
Washington Metropolitan Area Transit Au0.47%
Kentucky Public Energy Authority0.45%
Salem-Keizer School District No 24j0.45%

Only in NYM

384 securities, 100% of NYM by weight

Met Transprtn Auth Ny Revenue Mtatrn 11/31 Fixed 52.48%
New York City Ny Transitional Nycgen 11/27 Fixed 52.22%
New York St Transprtn Dev Corp Nyttrn 01/30 Fixed 51.92%
New York St Liberty Dev Corp L Nycdev 09/69 Fixed 2.6251.63%
New York Ny Nyc 08/27 Fixed 51.59%
New York St Liberty Dev Corp L Nycdev 09/69 Fixed 2.451.49%
Triborough Ny Bridge Tunnel Trbtrn 03/27 Fixed 51.47%
Triborough Ny Bridge Tunnel Trbtrn 02/28 Fixed 51.45%
Oyster Bay Ny Oys 08/27 Fixed 41.41%
BS37ZB2 Irs USD R V 12MUSCPI IS37ZC3 Ccpinflationzero1.33%
Hudson Yards Infrastructure Co Huygen 02/31 Fixed 51.33%
New York St Liberty Dev Corp L Nycdev 02/42 Fixed 31.32%
IS37ZX4 Irs USD R V 01MMUNI IS37ZY5 Vanilla1.31%
New York City Ny Transitional Nycfac 07/32 Fixed 51.28%
Met Transprtn Auth Ny Revenue Mtatrn 11/27 Fixed 51.21%
New York City Ny Muni Wtr Fin Nycutl 06/35 Fixed 51.15%
New York City Ny Trust For Cul Nycfac 12/26 Fixed 51.13%
New York Ny Nyc 08/28 Fixed 50.95%
BS3DP98 Irs USD R V 12MUSCPI IS3DPA9 Ccpinflationzero0.94%
New York City Ny Transitional Nycgen 02/40 Fixed 40.93%
Met Transprtn Auth Ny Revenue Mtatrn 11/28 Fixed 50.91%
New Jersey St Transprtn Trust Njstrn 06/28 Fixed 50.90%
New York Ny Nyc 09/27 Fixed 50.89%
New York St Dorm Auth Revenues Nyshgr 05/29 Fixed 50.86%
Triborough Ny Bridge Tunnel Trbtrn 11/42 Fixed 5.250.86%
New York St Transprtn Dev Corp Nyttrn 06/44 Fixed 5.250.85%
BS37ZL2 Irs USD R V 12MUSCPI IS37ZM3 Ccpinflationzero0.81%
Centrl Plains Energy Proj Ne G Cenpwr 05/53 Adjustable Var0.80%
New York Ny Nyc 12/38 Fixed 50.76%
BS37Z78 Irs USD R V 00MSOFR IS37Z89 Ccpois0.74%
SS3DRD6 Irs USD R F 3.92900 IS3DRD6 Ccpois0.72%
New York Energy Fin Dev Corp Nyefac 07/56 Adjustable Var0.71%
New York St Transprtn Dev Corp Nyttrn 06/42 Fixed Oid 4.250.71%
Port Auth of New York New Je Portrn 11/39 Fixed 50.71%
Met Transprtn Auth Ny Revenue Mtatrn 11/26 Fixed 5.250.70%
Michigan St Strategic Fund Ltd Misgen 12/29 Fixed 50.68%
New York St Transprtn Dev Corp Nyttrn 06/43 Fixed 5.250.66%
Kingston Ny City Sch Dist Kgtscd 06/27 Fixed 40.64%
Troy Ny Capital Resource Corp Trygen 09/32 Fixed 50.64%
Port Auth of New York New Je Portrn 09/28 Fixed 50.64%
BS37ZN4 Irs USD R V 00MSOFR IS37ZO5 Ccpois0.63%
Triborough Ny Bridge Tunnel Trbtrn 05/35 Fixed 2.5110.63%
Build Nyc Resource Corp Ny Rev Buigen 06/36 Fixed 50.62%
New Rochelle Ny Nwr 12/26 Fixed 40.62%
Port Auth of New York New Je Portrn 07/35 Fixed 50.62%
New York Ny Nyc 04/34 Fixed 50.60%
New York St Thruway Auth Perso Nystrn 03/39 Fixed 50.59%
SS3CTR1 Irs USD R F 2.83950 IS3CTR1 Ccpinflationzero0.59%
Port Auth of New York New Je Portrn 08/30 Fixed 50.59%
New York St Urban Dev Corp Rev Nysdev 09/29 Fixed 50.56%

Weight gaps

ITM and NYM share no securities.

All 1,365 ITM holdings⁠All 406 NYM 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.

ITM vs NYM Cost

Overpaying NYM vs ITM

$1,808

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

ITM 0.18%
$3,749
NYM 0.27%
$5,557

Amount$10,000

Years30 years

Cost over time

ITM 0.18%
NYM 0.27%
Overpaying

Year by year

Year	ITM	NYM	Overpaying
10	$328	$491	$163
20	$1,281	$1,907	$626
30	$3,749	$5,557	$1,808

Expense ratio

0.18%ITM, cheaper
0.27%NYM

ITM0.18%NYM0.27%

0.05%0.44%

Middle half of Intermediate Municipal Bonds funds
Median 0.30%

ITM 3rd cheapest of 19 funds

NYM 5th cheapest of 19 funds

ITM vs NYM Dividends

Last 12 months to Nov 6, 2026

Yield (12M): ITM 3.07%; NYM No data
Payout (12M): ITM $1.41; NYM No data
Last payment: ITM $0.12; NYM $0.06
Ex-dividend: ITM Nov 2, 2026; NYM Nov 2, 2026
Paid on: ITM Nov 5, 2026; NYM Nov 5, 2026
Frequency: ITM Monthly; NYM Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ITMMonthly · 46 paymentsAll ITM payments⁠

NYMMonthly · 12 paymentsAll NYM payments⁠

ITM vs NYM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ITM 6.2%NYM No data
Return per unit of riskSharpe ratio, 3 years: ITM 0.05NYM No data
Worst fallMax drawdown, 5 years: ITM −14.4%NYM No data
Market sensitivityBeta, 5 years: ITM 0.97NYM 0.09; Market = 1

ITM and NYM in the news

All news⁠

First-Year Review
AllianceBernstein's New York municipal ETF did not grow in its first year
8 hours agoNYM

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ITM vs NYM

In short

Stated mandate

Why people hold it

Worth knowing

How ITM and NYM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ITM

Only in NYM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianceBernstein's New York municipal ETF did not grow in its first year

How ITM and NYM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ITM

Only in NYM

Weight gaps