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PVI vs MUNI

Invesco Floating Rate Municipal Income ETF vs PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

PVI

Invesco Floating Rate Municipal Income ETF

Annual cost

0.25%

Fund size

$31M

MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

Annual cost

0.35%

Fund size

$2.9B

Key differences

  • PVI costs 0.10% less per year.
  • MUNI is significantly larger than PVI — larger funds tend to be more liquid and less likely to close.
  • PVI follows a index tracking strategy; MUNI uses active selection.
  • Over the last 3 years, MUNI has delivered higher annualized returns.

Side-by-side comparison

PVIMUNI
Annual cost (TER)0.25%0.35%
Fund size (AUM)$31M$2.9B
Since20072009
Dividend yield2.16%3.28%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+2.0%+6.3%
CAGR 3Y+2.6%+4.1%
CAGR 5Y+1.9%+1.3%
Sharpe 3Y-0.400.16
Volatility 1Y2.62%2.27%
Max drawdown-1.16%-11.16%

Similar to PVI and MUNI