AMUNvsDFNMETF Comparison
VS
abrdn Ultra Short Municipal Income Active ETF (AMUN) and Dimensional National Municipal Bond ETF (DFNM) belong to the same industry segment: Municipal Bonds. AMUN's top 2 sector exposures are Municipal and Non-Corporate. In contrast, DFNM's top sector exposures are Municipal. AMUN is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.18% for DFNM. AMUN is up 1.98% year-to-date (YTD) with +$29M in YTD flows. DFNM performs worse with -1% YTD performance, and +$360M in YTD flows. Run a side-by-side ETF comparison of AMUN and DFNM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AMUN vs DFNM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AMUN DFNM | +0.10%+0.02% | +0.44%-2.31% | +1.98%-1.00% | +2.58%-0.15% | n/a+9.22% | n/an/a |
| Flows | AMUN DFNM | +$3M-$35M | +$5M+$41M | +$29M+$360M | +$58M+$562M | -+$1.29B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AMUN DFNM | +0.47%+3.59% | +0.32%+2.20% | n/a+2.31% | n/an/a |
| Max drawdown | AMUN DFNM | -0.31%-4.26% | -0.31%-4.56% | n/a-4.56% | n/an/a |
| Max drawdown duration | AMUN DFNM | 36d92d | 36d101d | n/a101d | n/an/a |
Trading data
AMUN | DFNM | |
Last sale 10/19/2026 at 1:30 PM | $26.00 | $46.71 |
| Previous close 10/16/2026 | $26.00 | $46.71 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
AMUN | DFNM | |
|---|---|---|
| Last price | $26.00 | $46.71 |
| 1D performance | +0.00% | +0.00% |
| AuM | $58.20 M | $2.22 B |
| E/R | 0.74% | 0.18% |
Characteristics
AMUN | DFNM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | abrdn | Dimensional |
| Benchmark | - | - |
| N° of holdings | 18 | 259 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 17, 2025 | November 15, 2021 |
| ESG | No | No |
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Exposure
Countries
AMUN
USA
27.85%
Other
72.15%
DFNM
USA
30.25%
Other
69.75%
Sectors
AMUN
Municipal
27.62%
Other
72.38%
DFNM
Municipal
30.25%
Other
69.75%
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Diversification
AMUN
Total weight of top 15 holdings out of 15
46.38%
DFNM
Total weight of top 15 holdings out of 15
8.59%
Top 15 holdings
Data as of August 31, 2026
AMUN
US46640KYU23
3.99%
US230589AB90
3.68%
Chandler Industrial Development Authority, 5% 1sep2052, USD (2022-2)
3.66%
Newark, 4.25% 5may2027, USD (2026)
3.64%
US478232SD45
3.64%
US88035TZV50
3.62%
US7386297S79
3.62%
US64972GU289
3.26%
Mississippi Business Finance Corp., FRN 1nov2032, USD (2007A)
2.97%
US414008CX87
2.67%
Main Street Natural Gas Inc., 4% 1may2052, USD
2.59%
US546598AB98
2.54%
PEFA Inc., 5% 1sep2049, USD (2019)
2.27%
US06964KAB26
2.17%
US20774YV531
2.06%
DFNM
County of Hudson, 4% 24feb2027, USD (2026)
0.80%
Revere, 4% 29jul2027, USD
0.72%
US692160VQ47
0.67%
City of Somerville (MA), 4% 28may2027, USD
0.67%
Hoboken, 4% 8mar2027, USD (2026)
0.67%
US562333SJ48
0.59%
US594712ZC81
0.58%
US609561SR73
0.51%
US650028F992
0.49%
Maryland, 5% 1jun2037, USD (2025)
0.49%
New Mexico, 5% 1mar2027, USD (2026)
0.49%
US686507NU45
0.48%
US30382AMM17
0.48%
US59333FR362
0.46%
Charleston School District, 5% 6may2027, USD (2026A)
0.46%
Frequently asked questions about AMUN and DFNM
How have the AMUN and DFNM ETFs performed in 2026?
As of October 16, 2026, AMUN is up 1.98% year-to-date (YTD), while DFNM has lost -1%. That puts AMUN better performer ahead so far this year.
Which ETF is attracting more investor money: AMUN or DFNM?
Year-to-date, the AMUN ETF saw +$29M in flows, compared to +$360M for DFNM.
Which ETF is more volatile: AMUN or DFNM?
Over the past year, AMUN had a volatility of 0.32%, while DFNM experienced 2.2%.
Which ETF is bigger: AMUN or DFNM?
As of October 16, 2026, AMUN holds $58.20 M in assets under management (AUM), while DFNM manages $2.22 B.
What sectors do the AMUN and DFNM ETFs invest in?
AMUN leans toward sectors like Municipal. Meanwhile, DFNM focuses on Municipal.
What are the top holdings of the AMUN ETF and DFNM ETF?
AMUN top holdings include US46640KYU23, US230589AB90 and Chandler Industrial Development Authority, 5% 1sep2052, USD (2022-2). DFNM holds in its top three: County of Hudson, 4% 24feb2027, USD (2026), Revere, 4% 29jul2027, USD and US692160VQ47.
Which ETF is more diversified: AMUN or DFNM?
AMUN holds 68 securities with 46.38% of its assets in the top 15. DFNM has 1198 securities and a top 15 weight of 8.59%.
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