Avantis Core Municipal Fixed Income ETF (AVMU) 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 AVMU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AVMU
AVMU charges 0.15% annually. There are 17 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% | 3.87B | Oct 2022 | AVMU vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | AVMU vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 59.79M | Aug 2025 | AVMU vs TAXT | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | 45.70B | Aug 2015 | AVMU vs VTEB | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | AVMU vs TAXI |
Best Risk-Adjusted Alternatives to AVMU
AVMU has a PortfoliosLab risk / return rank of 70. There are 57 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | AVMU vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | AVMU vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 230.57M | Nov 2018 | AVMU vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | AVMU vs MEAR | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | AVMU vs BSMR |
Top Performing AVMU Alternatives (YTD)
AVMU is at 1.64% YTD. There are 42 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.13%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 4.13% | 30.60M | Sep 2019 | AVMU vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.76% | 138.42M | Jun 2013 | AVMU vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.39% | 18.90M | Sep 2016 | AVMU vs MFLX | |
| Invesco New York AMT-Free Municipal Bond ETF | 3.19% | 134.60M | Oct 2007 | AVMU vs PZT | |
| T. Rowe Price High Income Municipal ETF | 3.19% | 25.30M | Nov 2025 | AVMU vs THYM |
Lowest Volatility Alternatives to AVMU
AVMU has 3.29% 1-year volatility. There are 99 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | AVMU vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | AVMU vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | AVMU vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | AVMU vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | AVMU vs MYMF |
Lowest Drawdown Alternatives to AVMU
AVMU has a 1-year max drawdown of -3.32%. There are 103 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% | 230.57M | Nov 2018 | AVMU vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | AVMU vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | AVMU vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | AVMU vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | AVMU vs GUMI |
Other ETFs from American Century
The 10 most viewed American Century ETFs shown here include AVUS, AVEM, AVDE and span 8 categories. AUM among these funds goes as high as $24B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Avantis U.S. Equity ETF | Large Cap Growth Equities | 85 | 14.95% | 12.71B | Sep 2019 | AVMU vs AVUS | |
| Avantis Emerging Markets Equity ETF | Foreign Large Cap Equities | 85 | 29.38% | 24.32B | Sep 2019 | AVMU vs AVEM | |
| Avantis International Equity ETF | Foreign Large Cap Equities | 56 | 11.52% | 16.33B | Sep 2019 | AVMU vs AVDE | |
| Avantis U.S. Large Cap Value ETF | Large Cap Value Equities | 92 | 20.47% | 12.01B | Sep 2021 | AVMU vs AVLV | |
| Avantis Emerging Markets Value ETF | Emerging Markets Equities | 66 | 18.24% | 1.40B | Sep 2021 | AVMU vs AVES | |
| American Century STOXX U.S. Quality Growth ETF | Large Cap Growth Equities | 22 | 2.64% | 2.14B | Sep 2018 | AVMU vs QGRO | |
| Avantis U.S. Large Cap Equity ETF | Large Cap Blend Equities | 84 | 15.30% | 1.21B | Sep 2023 | AVMU vs AVLC | |
| American Century Focused Dynamic Growth ETF | Global Equities | 52 | 9.71% | 409.56M | Mar 2020 | AVMU vs FDG | |
| Avantis Core Fixed Income ETF | Corporate Bonds | 39 | 0.29% | 1.81B | Oct 2020 | AVMU vs AVIG | |
| American Century Multisector Floating Income ETF | Ultrashort Bond | 98 | 2.41% | 22.70M | Mar 2023 | AVMU vs FUSI |
Often Compared With AVMU
Investors most often compare AVMU with AOA, DFAW, AMUN. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare AVMU with Any Fund or Stock
Compare AVMU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AVMU with funds that move differently
Avantis Core Municipal Fixed Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AVMU.
Explore AVMU Diversifiers