Which returned more over the last year, CGMU or ITM?

In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and ITM −0.5%.

Which is cheaper, CGMU or ITM?

ITM is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

CGMU vs ITM: Differences, Returns & Fees

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CGMU's duration was 4.9 years on Jun 30, 2026 and ITM's 5.6 on Jul 31, 2026; ITM charges 0.18% to CGMU's 0.27%.

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Net assets on Oct 27, 2026: $7.4bn for Capital Group Municipal Income ETF and $2.3bn for VanEck Intermediate Muni ETF.

CGMU on its own →ITM on its own →

At a glance

+0.5%

CGMU total return, 1 year

−0.5%

ITM total return, 1 year

0.27%

CGMU expense ratio

0.18%

ITM expense ratio

Pair scorecard

ITM costs 0.09 points a year less; their one-year returns differ by 1.0 point; CGMU is 3.2 times larger.

CGMU vs ITM: Differences, Returns & Fees
Measure	CGMU	ITM
Return
Measure	CGMU	ITM
Total return, 1 year	+0.5%	−0.5%
Drawdown
Measure	CGMU	ITM
Below its high		3.0%, high on Feb 27, 2026
Benchmark
Measure	CGMU	ITM
What it tracks	No index, actively managed	ICE Intermediate AMT-Free Broad National Municipal Index
Cost and size
Measure	CGMU	ITM
Expense ratio	0.27%	0.18%
Net assets, as of Oct 27, 2026	$7.4bn	$2.3bn
Holdings
Measure	CGMU	ITM
Holdings in common	5%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Nov 4, 2022 to Oct 23, 2026 · 207 weekly returns

CGMU ITM

Return

Total return edge CGMU +19.8% +16.0%

Annualized edge CGMU +4.7% +3.8%

Price return edge CGMU +5.5% +4.2%

Risk

Volatility edge CGMU 4.1% 4.9%

Max drawdown edge CGMU −4.9% −6.6%

Risk-adjusted

Sharpe edge CGMU 0.01 −0.15

Sortino edge CGMU 0.01 −0.20

Calmar edge CGMU 0.95 0.57

Reading

CGMU returned more: +19.8% to +16.0%. CGMU swung less: 4.1% to 4.9%. CGMU fell less at its worst: −4.9% to −6.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CGMU vs ITM: Differences, Returns & Fees
Measure	CGMU	ITM	Edge	How it is measured
Return
Total return	+19.8%	+16.0%	CGMU	Price change plus distributions, reinvested.
Annualized	+4.7%	+3.8%	CGMU	Total return as a yearly rate.
Price return	+5.5%	+4.2%	CGMU	Price change alone, distributions left out.
Risk
Volatility	4.1%	4.9%	CGMU	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.0%	3.7%	CGMU	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−4.9%	−6.6%	CGMU	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.01	−0.15	CGMU	Return above Treasury bills per unit of volatility.
Sortino	0.01	−0.20	CGMU	Return above Treasury bills per unit of downside deviation.
Calmar	0.95	0.57	CGMU	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 207 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CGMU and ITM hold 5% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first CGMU ITM

NEW YORK ENERGY FIN DEV CORP, due Jul 1, 2056 0.22% 0.24%

PEFA INC IA GAS PROJ REVENUE, due Apr 1, 2035 0.25% 0.15%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Dec 1, 2035 0.17% 0.15%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Dec 1, 2035 0.26% 0.13%

BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE, due Jun 1, 2051 0.12% 0.24%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Aug 1, 2055 0.11% 0.50%

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Sep 1, 2035 0.10% 0.22%

LOS ANGELES CA DEPT OF WTR & PWR REVENUE, due Jul 1, 2036 0.13% 0.10%

COLORADO ST HLTH FACS AUTH REVENUE, due Dec 1, 2034 0.14% 0.10%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Jun 1, 2036 0.45% 0.10%

CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REVENUE, due Aug 1, 2034 0.10% 0.10%

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Oct 1, 2055 0.28% 0.10%

Only in one fund ↓

Only in CGMU

PUERTO RICO CMWLTH, due Nov 1, 2043 0.82%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2040 0.69%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Jun 1, 2036 0.53%

NEW YORK NY, due Mar 1, 2042 0.51%

NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2050 0.47%

MONTGOMERY CNTY MD, due Nov 1, 2037 0.44%

NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2053 0.44%

MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE, due May 15, 2053 0.40%

Only in ITM

NEW JERSEY ST EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.53%

CALIFORNIA ST, due Mar 1, 2036 0.45%

CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.39%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Jan 1, 2056 0.37%

CALIFORNIA ST, due Aug 1, 2032 0.30%

NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2034 0.28%

MARION & POLK CNTYS OR SCH DIST #24J SALEM, due Jun 15, 2039 0.26%

SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE, due Nov 1, 2034 0.26%

Check overlap with more funds →

Side by side

CGMU Capital Group Municipal Income ETF ITM VanEck Intermediate Muni ETF

Where it sits Bond ETF Bond ETF

Issuer Capital Group VanEck

What it is Actively managed Tracks an index

Total return, 1 year +0.5% −0.5%

Expense ratio 0.27% 0.18%

Holdings 2337 1410

Net assets, as of Oct 27, 2026 $7.4bn $2.3bn

CGMU and ITM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-F47E2CF90D

CGMU and ITM are built for the same job. How do they differ in cost, holdings and results?

What each follows. CGMU follows No index, actively managed and ITM follows ICE Intermediate AMT-Free Broad National Municipal Index.
Holdings in common. 5% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
Size. CGMU has $7.4bn in net assets and ITM $2.3bn (net assets, as of Oct 27, 2026); CGMU is 3.2 times larger.

Data as of Oct 28, 2026.

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About each fund

CGMU

CGMU is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.27% a year.

ITM

ITM tracks an index. Over the year to Oct 28, 2026 it returned −0.5% with distributions reinvested. The prospectus expense ratio is 0.18% a year. It sat 3.0% below its high of Feb 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, CGMU or ITM?: In the year to Oct 28, 2026, with distributions reinvested, CGMU returned +0.5% and ITM −0.5%.
Which is cheaper, CGMU or ITM?: ITM is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGMU vs DFNM CGMU vs VSDM CGMU vs VTEI CGMU vs MUNI ITM vs MUNI ITM vs VTEI ITM vs MMIT ITM vs VSDM

Where to next

CGMU on its own →ITM on its own →Hold both: look the portfolio through →Rankings →CGMU dividend history →CGMU holdings →ITM dividend history →ITM holdings →Standards and sources →

Sources and dates

CGMU filings on SEC EDGAR ↗

CGMU prospectus with the expense ratio (SEC) ↗

Capital Group page for CGMU ↗

ITM filings on SEC EDGAR ↗

ITM prospectus with the expense ratio (SEC) ↗

VanEck website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, CGMU against ITM, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgmu-vs-itm

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.