John Hancock Dynamic Municipal Bond ETF (JHMU) 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 JHMU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to JHMU
JHMU charges 0.39% annually. There are 122 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 | JHMU vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | JHMU vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | JHMU vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | JHMU vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | JHMU vs TAXS |
Best Risk-Adjusted Alternatives to JHMU
JHMU has a PortfoliosLab risk / return rank of 77. There are 49 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 | 9.88M | Sep 2024 | JHMU vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | JHMU vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | JHMU vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | JHMU vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | JHMU vs GUMI |
Top Performing JHMU Alternatives (YTD)
JHMU is at 2.14% YTD. There are 44 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.59% | 142.76M | Jun 2013 | JHMU vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 4.35% | 19.03M | Sep 2016 | JHMU vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 4.16% | 25.43M | Nov 2025 | JHMU vs THYM | |
| Rareview Tax Advantaged Income ETF | 3.87% | 18.13M | Oct 2020 | JHMU vs RTAI | |
| Overlay Shares Municipal Bond ETF | 3.68% | 30.60M | Sep 2019 | JHMU vs OVM |
Lowest Volatility Alternatives to JHMU
JHMU has 2.84% 1-year volatility. There are 82 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 | JHMU vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | JHMU vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | JHMU vs CALI | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | JHMU vs FUMB | |
| Allspring Ultra Short Municipal ETF | 0.78% | 30.06M | Jul 2025 | JHMU vs AUSM |
Lowest Drawdown Alternatives to JHMU
JHMU has a 1-year max drawdown of -2.77%. There are 70 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% | 246.08M | Nov 2018 | JHMU vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | JHMU vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | JHMU vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | JHMU vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | JHMU vs IBMO |
Other ETFs from John Hancock
The 10 most viewed John Hancock ETFs shown here include JHAC, JHPI, JHDV and span 7 categories. AUM among these funds goes as high as $913M.
Often Compared With JHMU
Investors most often compare JHMU with VUIAX, VPU, VOO. These 17 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare JHMU with Any Fund or Stock
Compare JHMU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JHMU with funds that move differently
John Hancock Dynamic Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JHMU.
Explore JHMU Diversifiers