ActivePassive Intermediate Municipal Bond ETF (APMU) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with APMU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to APMU
APMU charges 0.36% annually. There are 119 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | APMU vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | APMU vs VTEB | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.72M | Aug 2025 | APMU vs TAXT | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | APMU vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | APMU vs TAXS |
Best Risk-Adjusted Alternatives to APMU
APMU has a PortfoliosLab risk / return rank of 38. There are 104 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 8.64M | Sep 2024 | APMU vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | APMU vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | APMU vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | APMU vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | APMU vs MEAR |
Top Performing APMU Alternatives (YTD)
APMU is at 0.32% YTD. There are 132 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Rareview Tax Advantaged Income ETF | 4.35% | 18.13M | Oct 2020 | APMU vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | APMU vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.78% | 20.73M | Sep 2016 | APMU vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.74% | 25.42M | Nov 2025 | APMU vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.62% | 30.60M | Sep 2019 | APMU vs OVM |
Lowest Volatility Alternatives to APMU
APMU has 2.48% 1-year volatility. There are 54 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 33.31M | Sep 2025 | APMU vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | APMU vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | APMU vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | APMU vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.81% | 245.94M | Nov 2018 | APMU vs FUMB |
Lowest Drawdown Alternatives to APMU
APMU has a 1-year max drawdown of -2.40%. There are 46 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 245.94M | Nov 2018 | APMU vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | APMU vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | APMU vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | APMU vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | APMU vs IBMO |
Other ETFs from ActivePassive
The 3 most viewed ActivePassive ETFs shown here include APUE, APIE, APCB and span 3 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ActivePassive U.S. Equity ETF | Large Cap Blend Equities | 70 | 11.21% | 2.16B | May 2023 | APMU vs APUE | |
| ActivePassive International Equity ETF | Foreign Large Cap Equities | 43 | 8.39% | 953.79M | May 2023 | APMU vs APIE | |
| ActivePassive Core Bond ETF | Intermediate Core-Plus Bond | 40 | 0.17% | 896.67M | May 2023 | APMU vs APCB |
Often Compared With APMU
Investors most often compare APMU with AMUN, RMCA, THMZ. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare APMU with Any Fund or Stock
Compare APMU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair APMU with funds that move differently
ActivePassive Intermediate Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to APMU.
Explore APMU Diversifiers