SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) 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 TFI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TFI
TFI charges 0.23% annually. There are 58 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 | TFI vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | TFI vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | TFI vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | TFI vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | TFI vs TAXS |
Best Risk-Adjusted Alternatives to TFI
TFI has a PortfoliosLab risk / return rank of 71. There are 75 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 | 9.88M | Sep 2024 | TFI vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | TFI vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | TFI vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | TFI vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | TFI vs GUMI |
Top Performing TFI Alternatives (YTD)
TFI is at 1.48% YTD. There are 79 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.59% | 142.76M | Jun 2013 | TFI vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 4.35% | 19.03M | Sep 2016 | TFI vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 4.16% | 25.43M | Nov 2025 | TFI vs THYM | |
| Rareview Tax Advantaged Income ETF | 3.87% | 18.13M | Oct 2020 | TFI vs RTAI | |
| Overlay Shares Municipal Bond ETF | 3.68% | 30.60M | Sep 2019 | TFI vs OVM |
Lowest Volatility Alternatives to TFI
TFI has 2.78% 1-year volatility. There are 79 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 | TFI vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | TFI vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | TFI vs CALI | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | TFI vs FUMB | |
| Allspring Ultra Short Municipal ETF | 0.78% | 30.06M | Jul 2025 | TFI vs AUSM |
Lowest Drawdown Alternatives to TFI
TFI has a 1-year max drawdown of -2.79%. 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% | 246.08M | Nov 2018 | TFI vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | TFI vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | TFI vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | TFI vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | TFI vs IBMO |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $765B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 60 | 8.10% | 765.27B | Jan 1993 | TFI vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 21 | -7.67% | 138.96B | Nov 2004 | TFI vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 66 | 27.45% | 130.33B | Dec 1998 | TFI vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 44 | 8.49% | 52.13B | Sep 2000 | TFI vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 50 | 12.86% | 7.30B | Oct 2015 | TFI vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 44 | 21.47% | 36.84B | Dec 1998 | TFI vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 21 | -7.59% | 28.75B | Jun 2018 | TFI vs GLDM | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 60 | 8.09% | 148.87B | Nov 2005 | TFI vs SPYM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 29 | 8.11% | 22.62B | Dec 1998 | TFI vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 1.69% | 46.54B | May 2007 | TFI vs BIL |
Often Compared With TFI
Investors most often compare TFI with MUB, ACTHX, GNMA. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare TFI with Any Fund or Stock
Compare TFI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TFI with funds that move differently
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TFI.
Explore TFI Diversifiers