AMG GW&K Muni Income ETF (MUNX) 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 MUNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MUNX
MUNX charges 0.29% annually. There are 86 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% | 45.70B | Aug 2015 | MUNX vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | MUNX vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | MUNX vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 59.79M | Aug 2025 | MUNX vs TAXT | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | MUNX vs TAXS |
Best Risk-Adjusted Alternatives to MUNX
Among 110 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 9.88M | Sep 2024 | MUNX vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | MUNX vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 230.57M | Nov 2018 | MUNX vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.38B | Mar 2015 | MUNX vs MEAR | |
| iShares Short-Term California Muni Active ETF | 94 | 360.67M | Oct 2007 | MUNX vs CALI |
Top Performing MUNX Alternatives (YTD)
MUNX is at 1.74% YTD. There are 38 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.86% | 138.42M | Jun 2013 | MUNX vs RVNU | |
| Overlay Shares Municipal Bond ETF | 3.41% | 30.60M | Sep 2019 | MUNX vs OVM | |
| T. Rowe Price High Income Municipal ETF | 3.16% | 25.30M | Nov 2025 | MUNX vs THYM | |
| First Trust Flexible Municipal High Income ETF | 3.15% | 18.90M | Sep 2016 | MUNX vs MFLX | |
| NYLI MacKay Muni Allocation ETF | 3.03% | 27.91M | Dec 2025 | MUNX vs MMMA |
Lowest Volatility Alternatives to MUNX
MUNX has 3.47% 1-year volatility. There are 109 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 | MUNX vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | MUNX vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | MUNX vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | MUNX vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | MUNX vs MYMF |
Lowest Drawdown Alternatives to MUNX
Among 110 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% | 230.57M | Nov 2018 | MUNX vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | MUNX vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | MUNX vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | MUNX vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | MUNX vs MYMG |
Compare MUNX with Any Fund or Stock
Compare MUNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MUNX with funds that move differently
AMG GW&K Muni Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MUNX.
Explore MUNX Diversifiers