Broad and complex, the Munis market is exposed to risk at multiple levels - such as call risk, credit risk or liquidity risk - with potential price inefficiencies...and investment opportunities
Check the full range of Muni themes, ranked by maturity target and by yield, ant the Muni bond ladders
Tax-exemption is a major factor in Muni pricing but the yield curve is not necessarily precisely symetrical to the Treasuries yield curve to account for the tax-benefit - differentials by maturity segment matter
Diversified Muni investments in actively managed ETFs, in utilities (water and sewage, electrical or general utilities), further contribute to potential performance
To take a closer look, momentum signals trends of the last 5 days against a 20-day average
For comparison, select various time frames in the top right menu box, from 2 weeks to a full year (performance of some very recently listed ETFs may not be significant for lack of price data)
Has been set aside as a special case of intermediate maturity classification, with much higher performance and volatility than average :
X-Square Municipal Income Tax-Free ETF