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 126 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 | NMB vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | NMB vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | NMB vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | NMB vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | NMB vs TAXS |
Best Risk-Adjusted Alternatives to NMB
NMB has a PortfoliosLab risk / return rank of 21. There are 108 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 | NMB vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | NMB vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | NMB vs MEAR | |
| First Trust Ultra Short Duration Municipal ETF | 95 | 230.57M | Nov 2018 | NMB vs FUMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | NMB vs BSMR |
Top Performing NMB Alternatives (YTD)
NMB is at 1.19% YTD. There are 74 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 3.96% | 30.60M | Sep 2019 | NMB vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.71% | 138.42M | Jun 2013 | NMB vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.33% | 18.90M | Sep 2016 | NMB vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.33% | 25.30M | Nov 2025 | NMB vs THYM | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 2.87% | 2.93B | Apr 2011 | NMB vs HYMB |
Lowest Volatility Alternatives to NMB
NMB has 8.13% 1-year volatility. There are 133 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 | NMB vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | NMB vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | NMB vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | NMB vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | NMB vs MYMF |
Lowest Drawdown Alternatives to NMB
NMB has a 1-year max drawdown of -5.99%. There are 107 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 | NMB vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | NMB vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | NMB vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | NMB vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | NMB vs GUMI |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 12 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 | 18 | -0.40% | 563.43M | May 2021 | NMB vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 24 | 12.30% | 1.55B | Mar 2022 | NMB vs CTA | |
| Simplify Hedged Equity ETF | Options Trading | 70 | 4.95% | 323.34M | Nov 2021 | NMB vs HEQT | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency | 1 | -33.46% | 29.47M | Sep 2022 | NMB vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 4 | -2.55% | 231.13M | May 2021 | NMB vs PFIX | |
| Simplify High Yield PLUS Credit Hedge ETF | High Yield Bonds | 5 | -2.44% | 406.85M | Feb 2022 | NMB vs CDX | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 87 | 1.90% | 438.06M | Oct 2022 | NMB vs BUCK | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 5 | -0.38% | 75.42M | Oct 2022 | NMB vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 44 | 0.48% | 493.82M | Feb 2022 | NMB vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 45 | -0.23% | 1.57B | Nov 2023 | NMB vs MTBA |
Often Compared With NMB
Investors most often compare NMB with AAA, VTES, ACLO. These 18 comparison targets span 6 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