DFNMvsFTOHETF Comparison
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Dimensional National Municipal Bond ETF (DFNM) and Franklin Ohio Municipal Income ETF (FTOH) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. DFNM is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.35% for FTOH. DFNM is down -0.02% year-to-date (YTD) with +$379M in YTD flows. FTOH performs worse with -1.48% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of DFNM and FTOH 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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DFNM vs FTOH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFNM FTOH | -0.48%-1.09% | -1.14%-2.59% | -0.02%-1.48% | +2.73%n/a | +8.95%n/a | n/an/a |
| Flows | DFNM FTOH | +$45M+$1M | +$173M+$3M | +$379M+$12M | +$645M- | +$1.31B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFNM FTOH | +1.74%+3.13% | +1.62%n/a | +2.17%n/a | n/an/a |
| Max drawdown | DFNM FTOH | -1.65%-3.33% | -1.79%n/a | -2.92%n/a | n/an/a |
| Max drawdown duration | DFNM FTOH | 57d64d | 124dn/a | 183dn/a | n/an/a |
Trading data
DFNM | FTOH | |
Last sale 9/3/2026 at 6:39 PM | $47.31 | $8.19 |
| Previous close 09/02/2026 | $47.31 | $8.20 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 6:39 PM
Live
Closed
DFNM | FTOH | |
|---|---|---|
| Last price | $47.31 | $8.19 |
| 1D performance | -0.01% | -0.12% |
| AuM | $2.27 B | $74.74 M |
| E/R | 0.18% | 0.35% |
Characteristics
DFNM | FTOH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 271 | 18 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 15, 2021 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
DFNM
USA
32.24%
Other
67.76%
FTOH
USA
30.77%
Other
69.23%
Sectors
DFNM
Municipal
32.24%
Other
67.76%
FTOH
Municipal
30.77%
Other
69.23%
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Diversification
DFNM
Total weight of top 15 holdings out of 15
8.43%
FTOH
Total weight of top 15 holdings out of 15
36.86%
Top 15 holdings
Data as of July 31, 2026
DFNM
County of Hudson, 4% 24feb2027, USD (2026)
0.82%
Revere, 4% 29jul2027, USD
0.73%
City of Somerville (MA), 4% 28may2027, USD
0.68%
Hoboken, 4% 8mar2027, USD (2026)
0.68%
US562333SJ48
0.60%
US594712ZC81
0.60%
Maryland, 5% 1jun2037, USD (2025)
0.50%
US650028F992
0.50%
New Mexico, 5% 1mar2027, USD (2026)
0.50%
US686507NU45
0.49%
US30382AMM17
0.49%
US59333FR362
0.47%
Charleston School District, 5% 6may2027, USD (2026A)
0.47%
Danbury, 4% 22feb2027, USD
0.45%
US190819JY92
0.45%
FTOH
Trinity Health Credit Group (OH), 5% 1dec2046, USD (2017OH)
3.57%
Miami University, 5.25% 1sep2051, USD (2026A)
3.06%
Cuyahoga, 5.25% 1dec2056, USD (2026)
3.05%
Cuyahoga, 5% 1dec2064, USD (2026)
2.95%
Ohio Air Quality Development Authority, 4.35% 30jun2040, USD (2026B)
2.84%
US40727TEG58
2.74%
US509434AN66
2.69%
US593328FQ53
2.50%
US232263KR32
2.13%
Columbus Metropolitan Housing Authority, 4% 1may2034, USD (2026A)
2.13%
US186423BV08
2.00%
US19951AAR77
1.85%
US199097JR87
1.80%
US67756DQ338
1.78%
US393190HM89
1.77%
Frequently asked questions about DFNM and FTOH
How have the DFNM and FTOH ETFs performed in 2026?
As of September 1, 2026, DFNM is down -0.02% year-to-date (YTD), while FTOH has lost -1.48%. That puts DFNM better performer ahead so far this year.
Which ETF is attracting more investor money: DFNM or FTOH?
Year-to-date, the DFNM ETF saw +$379M in flows, compared to +$12M for FTOH.
Which ETF is bigger: DFNM or FTOH?
As of September 1, 2026, DFNM holds $2.27 B in assets under management (AUM), while FTOH manages $74.74 M.
What sectors do the DFNM and FTOH ETFs invest in?
DFNM leans toward sectors like Municipal. Meanwhile, FTOH focuses on Municipal.
What are the top holdings of the DFNM ETF and FTOH ETF?
DFNM top holdings include County of Hudson, 4% 24feb2027, USD (2026), Revere, 4% 29jul2027, USD and City of Somerville (MA), 4% 28may2027, USD. FTOH holds in its top three: Trinity Health Credit Group (OH), 5% 1dec2046, USD (2017OH), Miami University, 5.25% 1sep2051, USD (2026A) and Cuyahoga, 5.25% 1dec2056, USD (2026).
Which ETF is more diversified: DFNM or FTOH?
DFNM holds 1204 securities with 8.43% of its assets in the top 15. FTOH has 78 securities and a top 15 weight of 36.86%.
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