DFNM vs. MUB
Compare and contrast key facts about Dimensional National Municipal Bond ETF (DFNM) and iShares National AMT-Free Muni Bond ETF (MUB).
DFNM and MUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFNM is an actively managed fund by Dimensional. It was launched on Nov 15, 2021. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DFNM or MUB.
Correlation
The correlation between DFNM and MUB is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFNM vs. MUB - Performance Comparison
Key characteristics
DFNM:
0.36
MUB:
0.29
DFNM:
0.51
MUB:
0.42
DFNM:
1.07
MUB:
1.05
DFNM:
0.47
MUB:
0.25
DFNM:
1.31
MUB:
1.15
DFNM:
0.59%
MUB:
0.98%
DFNM:
2.15%
MUB:
3.83%
DFNM:
-6.98%
MUB:
-13.68%
DFNM:
-1.50%
MUB:
-1.93%
Returns By Period
In the year-to-date period, DFNM achieves a 0.65% return, which is significantly lower than MUB's 0.93% return.
DFNM
0.65%
-0.71%
0.82%
0.81%
N/A
N/A
MUB
0.93%
-0.79%
1.18%
1.13%
0.97%
2.05%
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DFNM vs. MUB - Expense Ratio Comparison
DFNM has a 0.17% expense ratio, which is higher than MUB's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DFNM vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional National Municipal Bond ETF (DFNM) and iShares National AMT-Free Muni Bond ETF (MUB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DFNM vs. MUB - Dividend Comparison
DFNM's dividend yield for the trailing twelve months is around 2.31%, less than MUB's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFNM Dimensional National Municipal Bond ETF | 2.31% | 2.40% | 1.16% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.02% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
DFNM vs. MUB - Drawdown Comparison
The maximum DFNM drawdown since its inception was -6.98%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for DFNM and MUB. For additional features, visit the drawdowns tool.
Volatility
DFNM vs. MUB - Volatility Comparison
The current volatility for Dimensional National Municipal Bond ETF (DFNM) is 0.89%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.22%. This indicates that DFNM experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.