INTM vs VYM
Invesco Intermediate Municipal ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | INTM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $101M | $79.0B | |
| Dividend Yield | 2.92% | 2.86% | |
| Holdings | 173 | 568 | |
| YTD Return | -0.28% | +16.16% | |
| 1Y Return | +3.81% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 4.2% | 14.6% | |
| Max Drawdown | -2.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 23, 2025 | Nov 10, 2006 |
INTM vs VYM Performance
Invesco Intermediate Municipal ETF (INTM) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year INTM returned +3.81% while VYM returned +26.05%. Year to date, INTM is down 0.28% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 4.2% for INTM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.9% for INTM and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INTM charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, INTM currently yields 2.92% against 2.86% for VYM.
Holdings Overlap
INTM and VYM share 0 holdings out of 615 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INTM or VYM?
INTM has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, INTM or VYM?
Over the past year INTM returned +3.81% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), INTM annualized +3.99% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, INTM or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.2% for INTM. Worst drawdown: INTM -2.9% vs VYM -58.8%.
Should I hold both INTM and VYM?
INTM and VYM have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INTM and VYM?
INTM and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 615 unique securities.
Which pays a higher dividend, INTM or VYM?
INTM yields 2.92% while VYM yields 2.86%, so INTM currently pays the higher dividend yield.
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