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DFNM vs NMB

Dimensional National Municipal Bond ETF vs Simplify National Muni Bond ETF

DFNM

Dimensional National Municipal Bond ETF

Dimensional Fund Advisors

Annual cost

0.17%

Fund size

$2.1B

NMB

Simplify National Muni Bond ETF

Simplify Asset Management

Annual cost

0.52%

Fund size

$46M

Key differences

  • DFNM costs 0.35% less per year.
  • DFNM is significantly larger than NMB — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

DFNMNMB
Annual cost (TER)0.17%0.52%
Fund size (AUM)$2.1B$46M
Since20212024
Dividend yield2.92%5.60%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+4.9%+3.0%
CAGR 3Y+3.2%N/A
CAGR 5YN/AN/A
Sharpe 3Y-0.16N/A
Volatility 1Y1.77%8.41%
Max drawdown-6.99%-13.69%

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

Similar to DFNM and NMB