PMIO vs VXUS

Quick Verdict

VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 7861 holdings.

Lower Fees: VXUSHigher Returns: VXUSMore Diversified: VXUS

Side-by-Side Comparison

MetricPMIOVXUSWinner
Expense Ratio0.25%0.05%
AUM$50M$156.5B
Dividend Yield4.56%2.60%
Holdings788,747
YTD Return+1.10%+14.57%
1Y Return+4.98%+27.82%
3Y Return (annualized)-+19.27%
5Y Return (annualized)-+9.28%
Volatility (annualized)3.5%15.1%
Max Drawdown-3.4%-39.9%
Fund FamilyPGIM InvestmentsVanguard (US)
CategoryTax PreferredEquity
InceptionJun 14, 2024Jan 26, 2011

PMIO vs VXUS Performance

PGIM Municipal Income Opportunities ETF (PMIO) is a ETF from PGIM Investments and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year PMIO returned +4.98% while VXUS returned +27.82%. Year to date, PMIO is up 1.10% versus a gain of 14.57% for VXUS.

Risk: Volatility and Drawdowns

VXUS has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -39.9% for VXUS. 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 0.70. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

PMIO charges 0.25% per year while VXUS charges 0.05%. On a $10,000 position that is $25 vs $5 annually, a gap of $20 per year that compounds over a long holding period. On income, PMIO currently yields 4.56% against 2.60% for VXUS.

Holdings Overlap

0.0%overlap

PMIO and VXUS share 0 holdings out of 7881 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 VXUS?

PMIO has an expense ratio of 0.25% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $20 per year of difference.

Which performed better, PMIO or VXUS?

Over the past year PMIO returned +4.98% vs +27.82% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (2 years), PMIO annualized +4.22% vs +4.86% for VXUS. Past performance does not guarantee future results.

Which is riskier, PMIO or VXUS?

VXUS has been the more volatile fund at 15.1% annualized versus 3.5% for PMIO. Worst drawdown: PMIO -3.4% vs VXUS -39.9%.

Should I hold both PMIO and VXUS?

PMIO and VXUS have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between PMIO and VXUS?

PMIO and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7881 unique securities.

Which pays a higher dividend, PMIO or VXUS?

PMIO yields 4.56% while VXUS yields 2.60%, so PMIO currently pays the higher dividend yield.

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