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

In the year to Oct 28, 2026, with distributions reinvested, ITM returned −0.5% and VTEI 0.0%.

Which is cheaper, ITM or VTEI?

VTEI is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

ITM vs VTEI: Differences, Returns & Fees

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On Jul 31, 2026 ITM's duration was 5.6 years and VTEI's 5.6; VTEI charges 0.08% to ITM's 0.18%.

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Net assets: $2.3bn on Oct 27, 2026 for VanEck Intermediate Muni ETF, and $1.7bn on Sep 30, 2026 for Vanguard Intermediate-Term Tax-Exempt Bond ETF.

ITM on its own →VTEI on its own →

At a glance

−0.5%

ITM total return, 1 year

0.0%

VTEI total return, 1 year

0.18%

ITM expense ratio

0.08%

VTEI expense ratio

Pair scorecard

VTEI costs 0.10 points a year less; their one-year returns differ by 0.5 points.

ITM vs VTEI: Differences, Returns & Fees
Measure	ITM	VTEI
Return
Measure	ITM	VTEI
Total return, 1 year	−0.5%	0.0%
Drawdown
Measure	ITM	VTEI
Below its high	3.0%, high on Feb 27, 2026
Benchmark
Measure	ITM	VTEI
What it tracks	ICE Intermediate AMT-Free Broad National Municipal Index	S&P Intermediate Term National AMT-Free Municipal Bond Index
Cost and size
Measure	ITM	VTEI
Expense ratio	0.18%	0.08%
Net assets, ITM as of Oct 27, 2026 and VTEI as of Sep 30, 2026	$2.3bn	$1.7bn
Holdings
Measure	ITM	VTEI
Holdings in common	6%

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

Risk and return

Feb 9, 2024 to Oct 23, 2026 · 141 weekly returns

ITM VTEI

Return

Total return edge ITM (slight) +5.6% +5.3%

Annualized edge ITM (slight) +2.0% +1.9%

Price return edge ITM −2.2% −2.8%

Risk

Volatility edge VTEI 4.5% 3.8%

Max drawdown edge VTEI −6.6% −5.3%

Risk-adjusted

Sharpe edge ITM −0.50 −0.63

Sortino edge ITM −0.61 −0.76

Calmar edge VTEI 0.31 0.36

Reading

ITM returned slightly more: +5.6% to +5.3%. VTEI swung less: 3.8% to 4.5%. VTEI fell less at its worst: −5.3% to −6.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ITM vs VTEI: Differences, Returns & Fees
Measure	ITM	VTEI	Edge	How it is measured
Return
Total return	+5.6%	+5.3%	ITM (slight)	Price change plus distributions, reinvested.
Annualized	+2.0%	+1.9%	ITM (slight)	Total return as a yearly rate.
Price return	−2.2%	−2.8%	ITM	Price change alone, distributions left out.
Risk
Volatility	4.5%	3.8%	VTEI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.6%	3.1%	VTEI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−6.6%	−5.3%	VTEI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.50	−0.63	ITM	Return above Treasury bills per unit of volatility.
Sortino	−0.61	−0.76	ITM	Return above Treasury bills per unit of downside deviation.
Calmar	0.31	0.36	VTEI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 141 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, ITM and VTEI hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first ITM VTEI

CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.39% 0.11%

NEW YORK CITY NY TRANSITIONAL FIN AUTH REV, due Nov 1, 2032 0.10% 0.08%

UNIV OF TEXAS TX UNIV REVENUES, due Aug 15, 2038 0.11% 0.08%

CALIFORNIA ST, due Mar 1, 2036 0.45% 0.08%

CALIFORNIA ST, due Apr 1, 2032 0.13% 0.07%

CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 2036 0.11% 0.07%

NEW YORK CITY NY TRANSITIONAL FIN AUTH REV, due Nov 1, 2037 0.10% 0.07%

ALABAMA ST PUBLIC SCH & CLG AUTH, due Nov 1, 2034 0.10% 0.07%

TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND, due Oct 15, 2040 0.10% 0.07%

NEW JERSEY ST EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.53% 0.05%

MET TRANSPRTN AUTH NY REVENUE, due Nov 15, 2042 0.05% 0.06%

PRIV CLGS & UNIVS AUTH GA, due Sep 1, 2033 0.05% 0.09%

Only in one fund ↓

Only in ITM

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

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Feb 1, 2055 0.44%

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

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jan 1, 2055 0.29%

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

CALIFORNIA HSG FIN AGY MUNI CTFS, due Mar 25, 2035 0.28%

SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST GAS SPLY REVENUE, due Nov 1, 2055 0.27%

NATIONAL FIN AUTH NH MUNI CTFS, due Jan 20, 2041 0.27%

Only in VTEI

CALIFORNIA ST-REF, due Oct 1, 2035 0.16%

BAY AREA TOLL AUTH-A, due Apr 1, 2061 0.16%

CALIFORNIA ST -REF, due Apr 1, 2035 0.14%

PALO ALTO UNIF SCH DT, due Aug 1, 2026 0.14%

CA REGENTS UNIV-CD, due May 15, 2036 0.13%

IDAHO ST-TANS, due Jun 30, 2027 0.13%

HOUSTON ISD-PREREFUND, due Feb 15, 2042 0.13%

NEW YORK CITY-G-1, due Nov 1, 2030 0.13%

Check overlap with more funds →

Side by side

ITM VanEck Intermediate Muni ETF VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer VanEck Vanguard

What it is Tracks an index Tracks an index

Total return, 1 year −0.5% 0.0%

Expense ratio 0.18% 0.08%

Holdings 1410 6268

Net assets, ITM as of Oct 27, 2026 and VTEI as of Sep 30, 2026 $2.3bn $1.7bn

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

Client brief · page 1 of 2 Report BR-CD2C526BC6

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

What each follows. ITM follows ICE Intermediate AMT-Free Broad National Municipal Index and VTEI follows S&P Intermediate Term National AMT-Free Municipal Bond Index.
Holdings in common. 6% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. ITM holds 1,410 positions and VTEI holds 6268.

Data as of Oct 28, 2026.

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About each fund

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.

VTEI

VTEI tracks an index. Over the year to Oct 28, 2026 it returned 0.0% with distributions reinvested. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, ITM or VTEI?: In the year to Oct 28, 2026, with distributions reinvested, ITM returned −0.5% and VTEI 0.0%.
Which is cheaper, ITM or VTEI?: VTEI is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

ITM filings on SEC EDGAR ↗

ITM prospectus with the expense ratio (SEC) ↗

VanEck website ↗

VTEI filings on SEC EDGAR ↗

VTEI prospectus with the expense ratio (SEC) ↗

Vanguard page for VTEI ↗

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

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