Simplify National Muni Bond ETF (NMB) 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 NMB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMB
NMB charges 0.52% annually. There are 133 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 | NMB vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | NMB vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | NMB vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.72M | Aug 2025 | NMB vs TAXT | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | NMB vs TAXI |
Best Risk-Adjusted Alternatives to NMB
NMB has a PortfoliosLab risk / return rank of 43. There are 103 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 | 8.64M | Sep 2024 | NMB vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | NMB vs MYMF | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | NMB vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | NMB vs FUMB | |
| Goldman Sachs Ultra Short Municipal Income ETF | 97 | 38.99M | Jul 2024 | NMB vs GUMI |
Top Performing NMB Alternatives (YTD)
NMB is at 1.89% YTD. There are 34 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Rareview Tax Advantaged Income ETF | 3.95% | 18.13M | Oct 2020 | NMB vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.92% | 143.84M | Jun 2013 | NMB vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.75% | 20.73M | Sep 2016 | NMB vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.73% | 25.42M | Nov 2025 | NMB vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.31% | 30.60M | Sep 2019 | NMB vs OVM |
Lowest Volatility Alternatives to NMB
NMB has 6.90% 1-year volatility. There are 139 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% | 33.31M | Sep 2025 | NMB vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | NMB vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | NMB vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.75% | 30.06M | Jul 2025 | NMB vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.82% | 245.94M | Nov 2018 | NMB vs FUMB |
Lowest Drawdown Alternatives to NMB
NMB has a 1-year max drawdown of -5.49%. There are 105 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% | 245.94M | Nov 2018 | NMB vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | NMB vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | NMB vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | NMB vs MYMG | |
| State Street My2026 Municipal Bond ETF | -0.38% | 8.73M | Sep 2024 | NMB vs MYMF |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 14 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 28 | 1.68% | 538.77M | May 2021 | NMB vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 11 | 2.37% | 1.51B | Mar 2022 | NMB vs CTA | |
| Simplify Hedged Equity ETF | Equity Hedged, Options Trading, Actively Managed | 71 | 5.39% | 300.35M | Nov 2021 | NMB vs HEQT | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 96 | 2.42% | 474.96M | Oct 2022 | NMB vs BUCK | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency, Derivative Income | 1 | -33.27% | 25.97M | Sep 2022 | NMB vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 5 | -1.26% | 167.19M | May 2021 | NMB vs PFIX | |
| Simplify High Yield ETF | High Yield Bonds | 7 | -2.40% | 387.11M | Feb 2022 | NMB vs CDX | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 5 | -0.98% | 71.03M | Oct 2022 | NMB vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 57 | 0.57% | 570.38M | Feb 2022 | NMB vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 46 | 0.04% | 1.53B | Nov 2023 | NMB vs MTBA |
Often Compared With NMB
Investors most often compare NMB with AAA, MLN, ACLO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare NMB with Any Fund or Stock
Compare NMB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMB with funds that move differently
Simplify National Muni Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMB.
Explore NMB Diversifiers