DFNM vs JMUB
Dimensional National Municipal Bond ETF against JPMorgan Municipal ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
1%
14 shared positions
Fee gap
1 bp
DFNM is cheaper
1-year return gap
1.5 pts
DFNM is ahead
Larger fund
JMUB
$8.7B
Side by side
| DFNM | JMUB | |
|---|---|---|
| Fund | Dimensional National Municipal Bond ETF | JPMorgan Municipal ETF |
| Issuer | Dimensional | JPMorgan |
| Category | National Muni | National Muni |
| Expense ratio | 0.17% | 0.18% |
| Assets | $2.2B | $8.7B |
| Average daily dollar volume | $33M | $176M |
| Listed | Nov 15, 2021 | Oct 29, 2018 |
| FrenzyCap score | 86 | 90 |
| 1-month return | +0.2% | −0.5% |
| 3-month return | −1.9% | −2.8% |
| Year to date | −3.1% | −4.5% |
| 1-year return | −3.4% | −4.9% |
| 30-day volatility | 4.5% | 6.1% |
| Worst drawdown, 1 year | −6.3% | −7.8% |
| Trailing 12-month yield | 3.06% | 3.55% |
| Holdings | 1,173 | 2,181 |
| Top 10 weight | 6.3% | 5.5% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$164M thru Jul 2026 | +$751M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 21, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
1% of DFNM · 1% of JMUB| Holding | DFNM | JMUB |
|---|---|---|
| CO HLTH C 5.% 09/01/32, due Sep 1, 2032 | 0.19% | 0.10% |
| SALT RIVE 5.% 05/01/39, due May 1, 2039 | 0.22% | 0.07% |
| RHODE ISL 5.% 05/01/45, due May 1, 2045 | 0.10% | 0.06% |
| NEW YORK- 5.% 02/01/43, due Feb 1, 2043 | 0.15% | 0.06% |
| ENERGY NW 4.% 07/01/42, due Jul 1, 2042 | 0.06% | 0.04% |
| FRISCO IS 5.% 02/15/34, due Feb 15, 2034 | 0.16% | 0.03% |
| LEHIGH CO 5.% 08/15/36, due Aug 15, 2036 | 0.07% | 0.03% |
| NJ TRANSP 5.% 06/15/44, due Jun 15, 2044 | 0.03% | 0.03% |
| CHICAGO-A 5.% 01/01/45, due Jan 1, 2045 | 0.04% | 0.02% |
| OMAHA PUB 5.% 02/01/43, due Feb 1, 2043 | 0.05% | 0.02% |
| NORTH CAR 5.% 03/01/33, due Mar 1, 2033 | 0.02% | 0.18% |
| KENTUCKY 5.% 09/01/39, due Sep 1, 2039 | 0.03% | 0.01% |
| ALLEN IND 5.% 02/15/36, due Feb 15, 2036 | 0.06% | 0.01% |
| ILLINOIS 5.% 10/01/33, due Oct 1, 2033 | 0.09% | 0.01% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · DFNM holdings · JMUB holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.