BNY Mellon Municipal Short Duration ETF (BKMS) 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 BKMS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BKMS
BKMS charges 0.35% annually. There are 100 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% | 3.93B | Oct 2022 | BKMS vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | BKMS vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | BKMS vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | BKMS vs TAXT | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 130.20M | Aug 2025 | BKMS vs TAXS |
Best Risk-Adjusted Alternatives to BKMS
Among 110 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 8.63M | Sep 2024 | BKMS vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | BKMS vs MYMF | |
| Allspring Ultra Short Municipal ETF | 96 | 30.06M | Jul 2025 | BKMS vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 54.13M | Jul 2024 | BKMS vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 246.47M | Nov 2018 | BKMS vs FUMB |
Top Performing BKMS Alternatives (YTD)
Among 138 ETFs in the Municipal Bonds category with YTD return data, the top-performing alternatives shown here go as high as 3.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 3.08% | 4.54M | May 2023 | BKMS vs ZTAX | |
| Overlay Shares Municipal Bond ETF | 2.98% | 30.60M | Sep 2019 | BKMS vs OVM | |
| NYLI MacKay Muni Allocation ETF | 2.85% | 28.01M | Dec 2025 | BKMS vs MMMA | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.79% | 142.95M | Jun 2013 | BKMS vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 2.68% | 26.19M | Nov 2025 | BKMS vs THYM |
Lowest Volatility Alternatives to BKMS
BKMS has 1.30% 1-year volatility. There are 20 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% | 34.95M | Sep 2025 | BKMS vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.64% | 8.74M | Sep 2024 | BKMS vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | BKMS vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | BKMS vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.63M | Sep 2024 | BKMS vs MYMG |
Lowest Drawdown Alternatives to BKMS
Among 110 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.23% | 246.47M | Nov 2018 | BKMS vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | BKMS vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | BKMS vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | BKMS vs GUMI | |
| State Street My2026 Municipal Bond ETF | -0.38% | 8.74M | Sep 2024 | BKMS vs MYMF |
Other ETFs from BNY Mellon
The 10 most viewed BNY Mellon ETFs shown here include BKLC, BKIE, BKAG and span 13 categories. AUM among these funds goes as high as $5B.
Often Compared With BKMS
Investors most often compare BKMS with TAXI, BKCI, CERY. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare BKMS with Any Fund or Stock
Compare BKMS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BKMS with funds that move differently
BNY Mellon Municipal Short Duration ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BKMS.
Explore BKMS Diversifiers