BNY Mellon Municipal Opportunities ETF (BMOP) 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 BMOP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BMOP
BMOP charges 0.54% annually. There are 134 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | BMOP vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | BMOP vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | BMOP vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | BMOP vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | BMOP vs TAXS |
Best Risk-Adjusted Alternatives to BMOP
Among 107 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 | 9.88M | Sep 2024 | BMOP vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | BMOP vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | BMOP vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | BMOP vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | BMOP vs GUMI |
Top Performing BMOP Alternatives (YTD)
Among 137 ETFs in the Municipal Bonds category with YTD return data, the top-performing alternatives shown here go as high as 4.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.59% | 142.76M | Jun 2013 | BMOP vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.93% | 19.03M | Sep 2016 | BMOP vs MFLX | |
| Rareview Tax Advantaged Income ETF | 3.90% | 18.13M | Oct 2020 | BMOP vs RTAI | |
| Overlay Shares Municipal Bond ETF | 3.68% | 30.60M | Sep 2019 | BMOP vs OVM | |
| T. Rowe Price High Income Municipal ETF | 3.61% | 25.43M | Nov 2025 | BMOP vs THYM |
Lowest Volatility Alternatives to BMOP
BMOP has 3.62% 1-year volatility. There are 111 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% | 30.59M | Sep 2025 | BMOP vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | BMOP vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | BMOP vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.75% | 30.06M | Jul 2025 | BMOP vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | BMOP vs FUMB |
Lowest Drawdown Alternatives to BMOP
Among 107 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | BMOP vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | BMOP vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | BMOP vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | BMOP vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | BMOP vs IBMO |
Other ETFs from BNY Mellon
The 10 most viewed BNY Mellon ETFs shown here include BKLC, BKIE, BKAG and span 10 categories. AUM among these funds goes as high as $5B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BNY Mellon US Large Cap Core Equity ETF | Large Cap Blend Equities | 58 | 8.07% | 5.40B | Apr 2020 | BMOP vs BKLC | |
| BNY Mellon International Equity ETF | Foreign Large Cap Equities | 44 | 7.83% | 1.25B | Apr 2020 | BMOP vs BKIE | |
| BNY Mellon Core Bond ETF | Total Bond Market | 35 | 0.99% | 2.14B | Apr 2020 | BMOP vs BKAG | |
| Bny Mellon Global Infrastructure Income ETF | Energy Equities | 60 | 11.78% | 1.14B | Nov 2022 | BMOP vs BKGI | |
| BNY Mellon Emerging Markets Equity ETF | Asia Pacific Equities | 71 | 25.73% | 91.04M | Apr 2020 | BMOP vs BKEM | |
| BNY Mellon High Yield Beta ETF | High Yield Bonds | 63 | 1.82% | 152.11M | Apr 2020 | BMOP vs BKHY | |
| BNY Mellon Ultra Short Income ETF | Ultrashort Bond | 99 | 1.56% | 571.75M | Aug 2021 | BMOP vs BKUI | |
| BNY Mellon US Mid Cap Core Equity ETF | Mid Cap Growth Equities | 46 | 11.80% | 658.44M | Apr 2020 | BMOP vs BKMC | |
| BNY Mellon US Small Cap Core Equity ETF | Small Cap Growth Equities | 68 | 16.28% | 84.47M | Apr 2020 | BMOP vs BKSE | |
| BNY Mellon Dynamic Value ETF | Large Cap Value Equities | 81 | 14.68% | 1.58B | Nov 2024 | BMOP vs BKDV |
Often Compared With BMOP
Investors most often compare BMOP with TAXT, DBO, UCO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare BMOP with Any Fund or Stock
Compare BMOP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BMOP with funds that move differently
BNY Mellon Municipal Opportunities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BMOP.
Explore BMOP Diversifiers