Dimensional National Municipal Bond ETF (DFNM) Alternatives
Dimensional National Municipal Bond ETF (DFNM) 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 DFNM. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to DFNM
DFNM charges 0.17% annually. Among ETFs in the Municipal Bonds category, these options have the lowest expense ratios among DFNM alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | Oct 11, 2022 | DFNM vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | Jul 11, 2019 | DFNM vs FMUN | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | Aug 21, 2015 | DFNM vs VTEB | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | 0.07% | Mar 8, 2023 | DFNM vs VTES | |
| Xtrackers California Municipal Bond ETF | 0.07% | Dec 13, 2023 | DFNM vs CA |
Best Risk-Adjusted Alternatives to DFNM
Among ETFs in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | 98 | Jul 23, 2024 | DFNM vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 97 | Nov 1, 2018 | DFNM vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 97 | Mar 3, 2015 | DFNM vs MEAR | |
| PGIM Ultra Short Municipal Bond ETF | 95 | Jun 24, 2024 | DFNM vs PUSH | |
| iShares Short-Term California Muni Active ETF | 95 | Oct 4, 2007 | DFNM vs CALI |
Top Performing DFNM Alternatives (YTD)
DFNM alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 1.20% | Sep 30, 2019 | DFNM vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 1.00% | Jun 4, 2013 | DFNM vs RVNU | |
| X-Square Municipal Income Tax Free ETF | 0.90% | May 18, 2023 | DFNM vs ZTAX | |
| Goldman Sachs Ultra Short Municipal Income ETF | 0.72% | Jul 23, 2024 | DFNM vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 0.64% | Nov 1, 2018 | DFNM vs FUMB |
Lowest Volatility Alternatives to DFNM
DFNM alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | Mar 20, 2018 | DFNM vs IBMM | |
| First Trust Ultra Short Duration Municipal ETF | 1.03% | Nov 1, 2018 | DFNM vs FUMB | |
| iShares Short-Term California Muni Active ETF | 1.09% | Oct 4, 2007 | DFNM vs CALI | |
| abrdn Ultra Short Municipal Income Active ETF | 1.12% | Oct 20, 2025 | DFNM vs AMUN | |
| Goldman Sachs Ultra Short Municipal Income ETF | 1.15% | Jul 23, 2024 | DFNM vs GUMI |
Lowest Drawdown Alternatives to DFNM
DFNM alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | -0.48% | Jul 23, 2024 | DFNM vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | -0.60% | Nov 1, 2018 | DFNM vs FUMB | |
| iShares Short-Term California Muni Active ETF | -0.78% | Oct 4, 2007 | DFNM vs CALI | |
| PGIM Ultra Short Municipal Bond ETF | -0.85% | Jun 24, 2024 | DFNM vs PUSH | |
| iShares Short Maturity Municipal Bond ETF | -0.86% | Mar 3, 2015 | DFNM vs MEAR |
Other ETFs from Dimensional
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Often Compared With DFNM
What investors most often compare with DFNM, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Dimensional Ultrashort Fixed Income ETF | Ultrashort Bond | 99 | 0.88% | Sep 26, 2023 | DFNM vs DUSB | |
| Dimensional Inflation-Protected Securities ETF | Inflation-Protected Bonds | 43 | 0.40% | Nov 15, 2021 | DFNM vs DFIP | |
| iShares National AMT-Free Muni Bond ETF | Municipal Bonds | 54 | -0.37% | Sep 7, 2007 | DFNM vs MUB | |
| iShares Short-Term National Muni Bond ETF | Municipal Bonds | 92 | 0.23% | Nov 5, 2008 | DFNM vs SUB | |
| Dimensional Core Fixed Income ETF | Intermediate Core Bond | 61 | -0.10% | Nov 15, 2021 | DFNM vs DFCF | |
| Dimensional Short-Duration Fixed Income ETF | Short-Term Bond | 93 | 0.17% | Nov 15, 2021 | DFNM vs DFSD | |
| Avantis All Equity Markets ETF | Global Equities | 84 | 2.64% | Sep 27, 2022 | DFNM vs AVGE | |
| DFA Short Term Municipal Bond Portfolio | Municipal Bonds | 99 | 0.55% | Aug 19, 2002 | DFNM vs DFSMX | |
| Dimensional California Municipal Bond ETF | Municipal Bonds | 65 | 0.07% | Jun 26, 2023 | DFNM vs DFCA | |
| WisdomTree Bloomberg Floating Rate Treasury Fund | Government Bonds | 100 | 0.93% | Feb 4, 2014 | DFNM vs USFR |
Compare DFNM with Any Fund or Stock
Compare DFNM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.