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DFNM vs MUB

Dimensional National Municipal Bond ETF vs iShares National Muni Bond ETF

DFNM

Dimensional National Municipal Bond ETF

Dimensional Fund Advisors

Annual cost

0.17%

Fund size

$2.1B

MUB

iShares National Muni Bond ETF

iShares

Annual cost

0.05%

Fund size

$43.7B

Key differences

  • MUB costs 0.12% less per year.
  • MUB is significantly larger than DFNM — larger funds tend to be more liquid and less likely to close.
  • DFNM follows a active selection strategy; MUB uses index tracking.
  • MUB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

DFNMMUB
Annual cost (TER)0.17%0.05%
Fund size (AUM)$2.1B$43.7B
Since20212007
Dividend yield2.92%3.17%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+4.9%+5.7%
CAGR 3Y+3.2%+2.9%
CAGR 5YN/A+0.8%
Sharpe 3Y-0.16-0.14
Volatility 1Y1.77%2.91%
Max drawdown-6.99%-13.68%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to DFNM and MUB