MUNI vs SSIPX Fund Comparison

A comparison between MUNI and SSIPX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

Group Created with Sketch.

Minafi's Take on MUNI vs SSIPX

Here's an in depth look at the differences between PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund ($MUNI) and State Street International Stock Selection Fund Class I ($SSIPX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

64% FI Score
  • muni
  • ETF
  • Bond
  • Municipal Bond

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

Expenses: 0.35% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why »

43% FI Score
  • ssipx
  • Mutual Fund
  • International Stocks
  • Large Value

State Street International Stock Selection Fund Class I

Expenses: 0.84% (Better than 1% of similar funds)

This is a bad choice for a Large Value International Stocks fund. See why »

$MUNI is classified as an ETF while $SSIPX is classified as a Mutual Fund. Even though one of these is a mutual fund and the other is an ETF, that doesn't matter too much for their holdings. Both ETFs and mutual funds are just containers to hold lots of investments inside of them.

The biggest differences between these two is where they may be offered. ETFs are more widely availble from a larger number of investment apps and websites. Mutual funds, on the other hand, are generally offered by the platform they're issued by (Fidelity funds on Fidelity, Vanguard funds on Vanguard). Usually 401(k)'s will offer both ETFs and Mutual Funds. If you're investing outside of a 401(k), I'd recommend you verify the fees associated with ETF and mutual fund transactions. Some platforms charge an additional fee to purchase a mutual fund.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

MUNI SSIPX
Market Score 4.1 /10 3.4 /10
Category Score 8.0 /10 8.0 /10
Total 12.1 11.4

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $MUNI

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, MUNI has an expense ratio of 0.35% while SSIPX has an expense ratio of 0.84%.

Winner: $MUNI

Fund Size Comparison

Both MUNI and SSIPX have a similar number of assets under management. MUNI has 424 Million in assets under management, while SSIPX has 163 Million.

Minafi categorizes both of these funds as small funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? MUNI or SSIPX?

Comparing these two funds isn't an apples to apples comparison. MUNI is a Bond Municipal Bond fund, while SSIPX is a International Stocks Large Value fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives MUNI a score of 64 and SSIPX a score of 43.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

64

Read More
Ratings
Rating Type Rating
Expense Ratio Score 9 /10
Expense Rating 7 /10
Market Score 4 /10
Category Score 8 /10
Overview
Overview Details
Fund Type ETF
Inception Date Jun-1-2016
Exchange NYSE ARCA
Expense Ratio 0.350%
Net Assets 424 Million
Yield 2.28%
Holdings
Description Info
Market Bond
Category Municipal Bond
Sectors
  • Basic Materials 0.00%
  • Communication Services 0.00%
  • Consumer Cyclicals 0.00%
  • Consumer Defensive 0.00%
  • Energy 0.00%
  • Financial Services 0.00%
  • Healthcare 0.00%
  • Industrials 0.00%
  • Real Estate 0.00%
  • Technology 0.00%
  • Utilities 0.00%

$SSIPX

State Street International Stock Selection Fund Class I

43

Read More
Ratings
Rating Type Rating
Expense Ratio Score 7 /10
Expense Rating 2 /10
Market Score 3 /10
Category Score 8 /10
Overview
Overview Details
Fund Type Mutual Fund
Inception Date Mar-7-1995
Exchange NMFQS
Expense Ratio 0.840%
Net Assets 163 Million
Yield 4.24%
Holdings
Description Info
Market International Stocks
Category Large Value
Sectors
  • Basic Materials 8.14%
  • Communication Services 7.08%
  • Consumer Cyclical 8.65%
  • Consumer Defensive 14.04%
  • Energy 2.22%
  • Financial Services 13.77%
  • Healthcare 16.26%
  • Industrials 17.82%
  • Real Estate 2.10%
  • Technology 6.49%
  • Utilities 3.45%
Regions
  • Africa/Middle East 0.08%
  • Asia Developed 2.06%
  • Asia Emerging 0.40%
  • Australasia 7.64%
  • Europe Developed 47.63%
  • Japan 27.67%
  • North America 0.23%
  • United Kingdom 14.30%

Adam says: Learn how to confidently invest for retirement!

Join the Minafi Investor Bootcamp to see how.

This 10-course bootcamp starts at only $10 for everything!

Minafi - The intersection of FI, minimalism & mindfulness.

Don't miss out on new posts, courses, interactive articles and more!

Join & Get Your First Course Free

© 2024   Adam Fortuna

Site Map
Triangle Graduation Cap Angle Down Book regular Phone laptop regular fire regular fire regular search regular Acorn duotone Seedling duotone thumbs down duo