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 82 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 | MUNX vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | MUNX vs SCMB | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | MUNX vs TAXS | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.89M | Aug 2025 | MUNX vs TAXT | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | MUNX vs FMUN |
Best Risk-Adjusted Alternatives to MUNX
Among 107 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 | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | MUNX vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | MUNX vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | MUNX vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 38.99M | Jul 2024 | MUNX vs GUMI |
Top Performing MUNX Alternatives (YTD)
MUNX is at 2.44% YTD. There are 31 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.81% | 142.76M | Jun 2013 | MUNX vs RVNU | |
| X-Square Municipal Income Tax Free ETF | 4.33% | 4.54M | May 2023 | MUNX vs ZTAX | |
| Rareview Tax Advantaged Income ETF | 4.24% | 18.13M | Oct 2020 | MUNX vs RTAI | |
| First Trust Flexible Municipal High Income ETF | 4.11% | 19.03M | Sep 2016 | MUNX vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 4.04% | 25.43M | Nov 2025 | MUNX vs THYM |
Lowest Volatility Alternatives to MUNX
MUNX has 3.41% 1-year volatility. There are 104 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 | MUNX vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | MUNX vs MYMF | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | MUNX vs AUSM | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | MUNX vs CALI | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | MUNX vs FUMB |
Lowest Drawdown Alternatives to MUNX
Among 107 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% | 246.08M | Nov 2018 | MUNX vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | MUNX vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | MUNX vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | MUNX vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | MUNX vs IBMO |
Often Compared With MUNX
Investors most often compare MUNX with MMMA, TAXI, OVM. These 4 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NYLI MacKay Muni Allocation ETF | Municipal Bonds | — | 3.87% | 27.55M | Dec 2025 | MUNX vs MMMA | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | Municipal Bonds | — | 1.17% | 153.73M | Aug 2025 | MUNX vs TAXI | |
| Overlay Shares Municipal Bond ETF | Municipal Bonds | 88 | 3.98% | 30.60M | Sep 2019 | MUNX vs OVM | |
| Invesco BulletShares 2027 Municipal Bond ETF | Municipal Bonds | 94 | 1.28% | 342.74M | Sep 2019 | MUNX vs BSMR |
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