PMIO vs VTI
PMIO vs VTI
PGIM Municipal Income Opportunities ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | PMIO | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $50M | $663.5B | |
| Dividend Yield | 4.56% | 1.07% | |
| Holdings | 78 | 3,543 | |
| YTD Return | +1.10% | +14.20% | |
| 1Y Return | +4.98% | +24.16% | |
| 3Y Return (annualized) | - | +21.12% | |
| 5Y Return (annualized) | - | +12.37% | |
| Volatility (annualized) | 3.5% | 15.3% | |
| Max Drawdown | -3.4% | -56.6% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jun 14, 2024 | May 24, 2001 |
PMIO vs VTI Performance
PGIM Municipal Income Opportunities ETF (PMIO) is a ETF from PGIM Investments and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PMIO returned +4.98% while VTI returned +24.16%. Year to date, PMIO is up 1.10% versus a gain of 14.20% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.5% for PMIO. 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 -3.4% for PMIO and -56.6% for VTI. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PMIO charges 0.25% per year while VTI charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, PMIO currently yields 4.56% against 1.07% for VTI.
Holdings Overlap
PMIO and VTI share 0 holdings out of 2803 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, PMIO or VTI?
PMIO has an expense ratio of 0.25% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, PMIO or VTI?
Over the past year PMIO returned +4.98% vs +24.16% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), PMIO annualized +4.22% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, PMIO or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.5% for PMIO. Worst drawdown: PMIO -3.4% vs VTI -56.6%.
Should I hold both PMIO and VTI?
PMIO and VTI have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PMIO and VTI?
PMIO and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2803 unique securities.
Which pays a higher dividend, PMIO or VTI?
PMIO yields 4.56% while VTI yields 1.07%, so PMIO currently pays the higher dividend yield.
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