IMST vs MUNX

Comparison between BITWISE MSTR OPTION INCOME STRATEGY ETF (IMST, ETF) and AMG GW&K MUNI INCOME ETF (MUNX, ETF).

IMST vs MUNX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IMST(ETF)	MUNX(ETF)
Net Assets	$18M	$18M
Expense Ratio	0.96%	0.29%
Max Drawdown	86.22%	3.20%
Sharpe Ratio	-1.56	0.06
5Y Beta	1.74	0.11

Net Assets

IMST

$18M

MUNX

$18M

Expense Ratio

IMST

0.96%

Winner

MUNX

0.29%

Max Drawdown

IMST

86.22%

Winner

MUNX

3.20%

Sharpe Ratio

IMST

-1.56

Winner

MUNX

0.06

5Y Beta

IMST

1.74

Winner

MUNX

0.11

IMST vs MUNX - Historical Returns

Returns include dividend reinvestment.

Period	IMST	MUNX
1 month	-29.07%	+0.61%
3 months	-16.82%	+0.40%
6 months	-28.38%	+1.97%
1 year	-63.09%	N/A
Max(CAGR)	-49.02%	+3.82%

IMST

-29.07%

Winner

MUNX

+0.61%

IMST

-16.82%

Winner

MUNX

+0.40%

IMST

-28.38%

Winner

MUNX

+1.97%

IMST

-63.09%

MUNX

N/A

Max(CAGR)

IMST

-49.02%

Winner

MUNX

+3.82%

IMST vs MUNX - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	IMST	MUNX
2026	-20.74%	+1.55%
2025	-44.23%	+0.52%

IMST vs MUNX Drawdown Comparison

The maximum drawdown for IMST was -70.11%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for MUNX was -2.95%, occurring on Mar 26, 2026. This drawdown has not yet recovered.

The current IMST drawdown is -68.40%. The current MUNX drawdown is -0.50%.

Rank	IMST	MUNX
#1	-70.11% Jul 17, 2025 - Feb 5, 2026	-2.95% Feb 26, 2026 - Mar 26, 2026
#2	-16.67% Apr 4, 2025 - Apr 9, 2025	-0.36% Nov 11, 2025 - Nov 28, 2025
#3	-10.16% May 20, 2025 - Jul 9, 2025	-0.33% Nov 28, 2025 - Jan 2, 2026
#4	-6.34% Apr 9, 2025 - Apr 11, 2025	-0.27% Jan 14, 2026 - Jan 28, 2026
#5	-2.68% May 14, 2025 - May 19, 2025	-0.16% Jan 9, 2026 - Jan 14, 2026
#6	-0.86% Jul 14, 2025 - Jul 16, 2025	-0.15% Feb 10, 2026 - Feb 12, 2026
#7	-0.27% May 2, 2025 - May 6, 2025	-0.14% Nov 4, 2025 - Nov 6, 2025
#8	-0.14% May 8, 2025 - May 14, 2025	-0.12% Feb 24, 2026 - Feb 26, 2026
#9	-0.07% Apr 29, 2025 - May 1, 2025	-0.06% Feb 2, 2026 - Feb 4, 2026
#10	N/A	-0.05% Jan 28, 2026 - Jan 30, 2026
#11	N/A	-0.05% Feb 17, 2026 - Feb 20, 2026
#12	N/A	-0.03% Nov 6, 2025 - Nov 10, 2025
#13	N/A	-0.02% Oct 31, 2025 - Nov 4, 2025

Correlation

Correlation between IMST and MUNX is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.51

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