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% | 48.80B | Aug 2015 | JHMU vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.93B | Oct 2022 | JHMU vs SCMB | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | JHMU vs TAXT | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 169.01M | Aug 2025 | JHMU vs TAXI | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | JHMU vs FMUN |
Best Risk-Adjusted Alternatives to JHMU
JHMU has a PortfoliosLab risk / return rank of 64. There are 61 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 8.63M | Sep 2024 | JHMU vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | JHMU vs MYMF | |
| Allspring Ultra Short Municipal ETF | 96 | 30.06M | Jul 2025 | JHMU vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 54.13M | Jul 2024 | JHMU vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 246.47M | Nov 2018 | JHMU vs FUMB |
Top Performing JHMU Alternatives (YTD)
JHMU is at 0.98% YTD. There are 64 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 3.08% | 4.54M | May 2023 | JHMU vs ZTAX | |
| Overlay Shares Municipal Bond ETF | 2.98% | 30.60M | Sep 2019 | JHMU vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.79% | 142.95M | Jun 2013 | JHMU vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 2.68% | 26.19M | Nov 2025 | JHMU vs THYM | |
| NYLI MacKay Muni Allocation ETF | 2.45% | 28.01M | Dec 2025 | JHMU vs MMMA |
Lowest Volatility Alternatives to JHMU
JHMU has 2.89% 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% | 34.95M | Sep 2025 | JHMU vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.64% | 8.74M | Sep 2024 | JHMU vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | JHMU vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | JHMU vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.63M | Sep 2024 | JHMU vs MYMG |
Lowest Drawdown Alternatives to JHMU
JHMU has a 1-year max drawdown of -2.77%. There are 71 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going 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 | JHMU vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | JHMU vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | JHMU vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | JHMU vs GUMI | |
| State Street My2026 Municipal Bond ETF | -0.38% | 8.74M | Sep 2024 | JHMU vs MYMF |
Other ETFs from John Hancock
The 10 most viewed John Hancock ETFs shown here include JHAC, JHDV, JHPI and span 7 categories. AUM among these funds goes as high as $913M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| John Hancock Fundamental All Cap Core ETF | Large Cap Blend Equities | 22 | 4.51% | 3.70M | Nov 2023 | JHMU vs JHAC | |
| John Hancock U.S. High Dividend ETF | Large Cap Value Equities | 84 | 21.16% | 10.69M | Sep 2022 | JHMU vs JHDV | |
| John Hancock Preferred Income ETF | Preferred Stock | 52 | 2.00% | 212.19M | Dec 2021 | JHMU vs JHPI | |
| John Hancock International High Dividend ETF | Foreign Large Cap Equities | 92 | 18.34% | 11.32M | Dec 2022 | JHMU vs JHID | |
| John Hancock Disciplined Value International Selec... | Foreign Large Cap Equities | 68 | 13.78% | 745.50M | Dec 2023 | JHMU vs JDVI | |
| John Hancock Mortgage Backed Securities ETF | Intermediate Core-Plus Bond | 35 | 0.50% | 204.15M | Aug 2021 | JHMU vs JHMB | |
| John Hancock Core Plus Bond ETF | Intermediate Core-Plus Bond | 26 | 0.18% | — | Dec 2024 | JHMU vs JHCP | |
| John Hancock Corporate Bond ETF | Corporate Bonds | 19 | -0.25% | 108.68M | Mar 2021 | JHMU vs JHCB | |
| John Hancock Core Bond ETF | Intermediate Core Bond | 24 | -0.15% | — | Dec 2024 | JHMU vs JHCR | |
| John Hancock Disciplined Value Select ETF | Large Cap Value Equities | — | 17.76% | 912.70M | Aug 2025 | JHMU vs JDVL |
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