See what your fund actually adds
PGIM Municipal Income Opportunities ETF PMIO
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | PMIO | Replication |
|---|---|---|
| Annualized growth | 2.7% | 1.5% |
| Annualized volatility | 3.7% | 3.8% |
| Sharpe ratio | 0.73 | 0.40 |
| Maximum drawdown | 4.1% | 4.6% |
| Replication fit (R²) | 0.92 · Tracking error 1.1% | |
Replication portfolio
The published portfolio below is the investable basket used to model PMIO’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 80.9% |
| VCSH | FI · Short Corp | 14.3% |
| SPHY | FI · High Yield | 4.9% |