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 115 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% | 3.87B | Oct 2022 | JHMU vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 45.70B | Aug 2015 | JHMU vs VTEB | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | JHMU vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | JHMU vs TAXS | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | JHMU vs FMUN |
Best Risk-Adjusted Alternatives to JHMU
JHMU has a PortfoliosLab risk / return rank of 74. There are 46 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 | 9.88M | Sep 2024 | JHMU vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | JHMU vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 230.57M | Nov 2018 | JHMU vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | JHMU vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 93 | 40.29M | Jul 2024 | JHMU vs GUMI |
Top Performing JHMU Alternatives (YTD)
JHMU is at 1.83% YTD. There are 33 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 4.20% | 30.60M | Sep 2019 | JHMU vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.90% | 138.42M | Jun 2013 | JHMU vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 3.70% | 25.30M | Nov 2025 | JHMU vs THYM | |
| First Trust Flexible Municipal High Income ETF | 3.39% | 18.90M | Sep 2016 | JHMU vs MFLX | |
| Invesco New York AMT-Free Municipal Bond ETF | 3.19% | 134.60M | Oct 2007 | JHMU vs PZT |
Lowest Volatility Alternatives to JHMU
JHMU has 2.82% 1-year volatility. There are 79 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | JHMU vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | JHMU vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | JHMU vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | JHMU vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | JHMU vs MYMF |
Lowest Drawdown Alternatives to JHMU
JHMU has a 1-year max drawdown of -2.77%. There are 72 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% | 230.57M | Nov 2018 | JHMU vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | JHMU vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | JHMU vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | JHMU vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | JHMU vs MYMG |
Other ETFs from John Hancock
The 9 most viewed John Hancock ETFs shown here include JHAC, JHPI, JHDV and span 7 categories. AUM among these funds goes as high as $719M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| John Hancock Fundamental All Cap Core ETF | Large Cap Blend Equities | 20 | 0.53% | 3.61M | Nov 2023 | JHMU vs JHAC | |
| John Hancock Preferred Income ETF | Preferred Stock/Convertible Bonds | 69 | 1.94% | 196.57M | Dec 2021 | JHMU vs JHPI | |
| John Hancock U.S. High Dividend ETF | Large Cap Value Equities | 85 | 18.86% | 10.65M | Sep 2022 | JHMU vs JHDV | |
| John Hancock Mortgage Backed Securities ETF | Intermediate Core-Plus Bond | 46 | 0.48% | 199.35M | Aug 2021 | JHMU vs JHMB | |
| John Hancock International High Dividend ETF | Foreign Large Cap Equities | 82 | 13.77% | 11.24M | Dec 2022 | JHMU vs JHID | |
| John Hancock Core Plus Bond ETF | Intermediate Core-Plus Bond | 38 | 0.49% | — | Dec 2024 | JHMU vs JHCP | |
| John Hancock Corporate Bond ETF | Corporate Bonds | 34 | 0.51% | 106.86M | Mar 2021 | JHMU vs JHCB | |
| John Hancock Disciplined Value International Selec... | Foreign Large Cap Equities | 55 | 13.16% | 718.94M | Dec 2023 | JHMU vs JDVI | |
| John Hancock Core Bond ETF | Intermediate Core Bond | 37 | 0.43% | — | Dec 2024 | JHMU vs JHCR |
Often Compared With JHMU
Investors most often compare JHMU with VUIAX, VPU, BND. These 17 comparison targets span 6 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