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% | 4.00B | Oct 2022 | AVMU vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | AVMU vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | AVMU vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | AVMU vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | AVMU vs TAXI |
Best Risk-Adjusted Alternatives to AVMU
AVMU has a PortfoliosLab risk / return rank of 80. There are 60 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 | AVMU vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | AVMU vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | AVMU vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | AVMU vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | AVMU vs MEAR |
Top Performing AVMU Alternatives (YTD)
AVMU is at 0.98% YTD. There are 111 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 | AVMU vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | AVMU vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.78% | 20.73M | Sep 2016 | AVMU vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.74% | 25.42M | Nov 2025 | AVMU vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.62% | 30.60M | Sep 2019 | AVMU vs OVM |
Lowest Volatility Alternatives to AVMU
AVMU has 3.19% 1-year volatility. There are 101 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 | AVMU vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | AVMU vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | AVMU vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | AVMU vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.81% | 245.94M | Nov 2018 | AVMU vs FUMB |
Lowest Drawdown Alternatives to AVMU
AVMU has a 1-year max drawdown of -3.32%. There are 101 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 | AVMU vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | AVMU vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | AVMU vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | AVMU vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | AVMU vs IBMO |
Other ETFs from Avantis
The 10 most viewed Avantis ETFs shown here include AVUV, AVDV, AVLV and span 7 categories. AUM among these funds goes as high as $29B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Avantis US Small Cap Value ETF | Small Cap Value Equities | 86 | 24.50% | 28.73B | Sep 2019 | AVMU vs AVUV | |
| Avantis International Small Cap Value ETF | Foreign Small & Mid Cap Equities | 73 | 12.13% | 18.99B | Sep 2019 | AVMU vs AVDV | |
| Avantis U.S. Large Cap Value ETF | Large Cap Value Equities | 94 | 22.07% | 16.76B | Sep 2021 | AVMU vs AVLV | |
| Avantis U.S. Equity ETF | Large Cap Blend Equities | 84 | 15.18% | 13.74B | Sep 2019 | AVMU vs AVUS | |
| Avantis All Equity Markets ETF | Global Equities | 84 | 16.02% | 1.05B | Sep 2022 | AVMU vs AVGE | |
| Avantis Emerging Markets Equity ETF | Emerging Markets Equities | 54 | 18.11% | 25.69B | Sep 2019 | AVMU vs AVEM | |
| Avantis International Equity ETF | Foreign Large Cap Equities | 60 | 10.66% | 17.35B | Sep 2019 | AVMU vs AVDE | |
| Avantis All Equity Markets Value ETF | Global Equities | 90 | 17.85% | 394.74M | Jun 2023 | AVMU vs AVGV | |
| Avantis Emerging Markets Value ETF | Emerging Markets Equities | 37 | 10.42% | 1.46B | Sep 2021 | AVMU vs AVES | |
| Avantis All International Markets Equity ETF | Foreign Large Cap Equities | 63 | 12.18% | 666.68M | Jun 2023 | AVMU vs AVNM |
Often Compared With AVMU
Investors most often compare AVMU with AVIG, AOA, AMUN. These 20 comparison targets span 12 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