WMSBvsDFNMETF Comparison
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Weitz Multisector Bond ETF (WMSB) belongs to the Intl Aggregate Bonds segment. Dimensional National Municipal Bond ETF (DFNM) is part of the Municipal Bonds segment. WMSB's top 3 sector exposures are Industrials, Finance and Consumer Services. In contrast, DFNM's top sector exposures are Municipal. WMSB is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.18% for DFNM. WMSB is up 1.23% year-to-date (YTD) with +$20M in YTD flows. DFNM performs worse with 0.17% YTD performance, and +$428M in YTD flows. Run a side-by-side ETF comparison of WMSB 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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WMSB vs DFNM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | WMSB DFNM | +1.79%+3.24% | -0.40%-0.44% | +1.23%+0.17% | +2.85%+0.68% | n/a+11.13% | n/an/a |
| Flows | WMSB DFNM | -+$45M | -+$104M | +$20M+$428M | +$28M+$599M | -+$1.34B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | WMSB DFNM | +3.84%+3.66% | +2.97%+2.29% | n/a+2.33% | n/an/a |
| Max drawdown | WMSB DFNM | -2.89%-3.93% | -2.89%-4.56% | n/a-4.56% | n/an/a |
| Max drawdown duration | WMSB DFNM | 66d77d | 66d115d | n/a115d | n/an/a |
Trading data
WMSB | DFNM | |
Last sale 10/30/2026 at 1:30 PM | $24.45 | $47.25 |
| Previous close 10/29/2026 | $24.41 | $47.08 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
WMSB | DFNM | |
|---|---|---|
| Last price | $24.45 | $47.25 |
| 1D performance | +0.18% | +0.36% |
| AuM | $26.91 M | $2.31 B |
| E/R | 0.89% | 0.18% |
Characteristics
WMSB | DFNM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Weitz Investment Management | Dimensional |
| Benchmark | - | - |
| N° of holdings | 43 | 248 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 4, 2025 | November 15, 2021 |
| ESG | No | No |
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Exposure
Countries
WMSB
USA
28.11%
Other
71.89%
DFNM
USA
29.64%
Other
70.36%
Sectors
WMSB
Industrials
15.39%
Other
84.61%
DFNM
Municipal
29.64%
Other
70.36%
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Diversification
WMSB
Total weight of top 15 holdings out of 15
54.36%
DFNM
Total weight of top 15 holdings out of 15
8.69%
Top 15 holdings
Data as of September 30, 2026
WMSB
FN MA5734, 5% 1jun2055, USD (ABS)
8.30%
US3140W6MZ25
7.99%
US3142J6DY61
7.90%
US3140W3KL26
5.29%
US3132DWPG23
3.52%
US81750BAG23
3.42%
US3133KPE612
3.01%
US74345HAL50
2.76%
Canada Cartage, 9.75% 8may2031, USD
2.19%
US3133KPUH99
1.84%
US00489QAB86
1.80%
US629174AC77
1.77%
FN MA5469, 5% 1sep2054, USD (ABS)
1.60%
FN MA5294, 5% 1mar2054, USD (ABS)
1.58%
Midas Opco Holdings, 5.625% 15aug2029, USD
1.39%
DFNM
County of Hudson, 4% 24feb2027, USD (2026)
0.82%
Revere, 4% 29jul2027, USD
0.73%
US692160VQ47
0.69%
City of Somerville (MA), 4% 28may2027, USD
0.69%
Hoboken, 4% 8mar2027, USD (2026)
0.69%
US562333SJ48
0.61%
US594712ZC81
0.57%
US609561SR73
0.52%
New Mexico, 5% 1mar2027, USD (2026)
0.50%
US686507NU45
0.49%
US30382AMM17
0.49%
Maryland, 5% 1jun2037, USD (2025)
0.48%
US650028F992
0.48%
US59333FR362
0.47%
Charleston School District, 5% 6may2027, USD (2026A)
0.47%
Frequently asked questions about WMSB and DFNM
How have the WMSB and DFNM ETFs performed in 2026?
As of October 30, 2026, WMSB is up 1.23% year-to-date (YTD), while DFNM has returned 0.17%. That puts WMSB better performer ahead so far this year.
Which ETF is attracting more investor money: WMSB or DFNM?
Year-to-date, the WMSB ETF saw +$20M in flows, compared to +$428M for DFNM.
Which ETF is more volatile: WMSB or DFNM?
Over the past year, WMSB had a volatility of 2.97%, while DFNM experienced 2.29%.
Which ETF is bigger: WMSB or DFNM?
As of October 30, 2026, WMSB holds $26.91 M in assets under management (AUM), while DFNM manages $2.31 B.
What sectors do the WMSB and DFNM ETFs invest in?
WMSB leans toward sectors like Industrials. Meanwhile, DFNM focuses on Municipal.
What are the top holdings of the WMSB ETF and DFNM ETF?
WMSB top holdings include FN MA5734, 5% 1jun2055, USD (ABS), US3140W6MZ25 and US3142J6DY61. DFNM holds in its top three: County of Hudson, 4% 24feb2027, USD (2026), Revere, 4% 29jul2027, USD and US692160VQ47.
Which ETF is more diversified: WMSB or DFNM?
WMSB holds 92 securities with 54.36% of its assets in the top 15. DFNM has 1192 securities and a top 15 weight of 8.69%.
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Latest news about WMSB & DFNM
Weitz Expands Its ETF Lineup with the Launch of the Multisector Bond ETF (WMSB)
November 8, 2025
WMSB
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