Municipal income ETFs in the income overlay
Tax-exempt bonds issued by states and cities. Driven by tax rates, which set what tax-free income is worth.
145ETFs in this category
$252.4bnmoney in them
21.5%of the income overlay’s money
MUBlargest unleveraged ETF, 21.5%
How they did, to Nov 2, 2026
| 1 month | YTD | 12 months | |
|---|---|---|---|
| Category median | +2.9% | +0.2% | +0.6% |
| Its story | +3.5% | +12.2% | +14.1% |
| Broad US ETFs | −2.5% | +11.5% | +11.8% |
Every ETF here, largest first
| # | ETF | Name | Assets | Share | 12 months | Fee |
|---|---|---|---|---|---|---|
| 1 | MUB | iShares National Muni Bond ETF | $54.3bn | 21.5% | −0.2% | 0.05% |
| 2 | VTEB | Vanguard Tax-Exempt Bond ETF | $53.1bn | 21.0% | −0.2% | 0.03% |
| 3 | SUB | iShares Short-Term National Muni Bond ETF | $13.3bn | 5.3% | +1.9% | 0.07% |
| 4 | JMUB | JPMorgan Municipal ETF | $8.9bn | 3.5% | 0.0% | 0.18% |
| 5 | JMST | JPMorgan Ultra-Short Municipal Income ETF | $8.2bn | 3.3% | +2.5% | 0.18% |
| 6 | CGMU | Capital Group Municipal Income ETF | $7.5bn | 3.0% | +0.6% | 0.27% |
| 7 | CMF | iShares California Muni Bond ETF | $5.4bn | 2.1% | −0.4% | 0.08% |
| 8 | HYD | VanEck High Yield Muni ETF | $4.6bn | 1.8% | +0.8% | 0.32% |
| 9 | VTEC | Vanguard California Tax-Exempt Bond ETF | $4.4bn | 1.7% | −0.6% | 0.06% |
| 10 | VTES | Vanguard Short-Term Tax-Exempt Bond ETF Shares | $4.2bn | 1.7% | +1.4% | 0.05% |
| 11 | PZA | Invesco National AMT-Free Municipal Bond ETF | $4.1bn | 1.6% | −1.8% | 0.28% |
| 12 | SCMB | Schwab Municipal Bond ETF | $4.1bn | 1.6% | −0.8% | 0.03% |
| 13 | HYMB | SPDR Nuveen Bloomberg High Yield Municipal Bond ETF | $3.8bn | 1.5% | −0.7% | 0.35% |
| 14 | CGHM | Capital Group Municipal High-Income ETF | $3.7bn | 1.5% | +1.1% | 0.34% |
| 15 | MUNI | PIMCO Intermediate Municipal Bond Active ETF | $3.7bn | 1.5% | +0.4% | 0.35% |
| 16 | SHM | State Street SPDR Nuveen ICE Short Term Municipal Bond ETF | $3.5bn | 1.4% | +1.4% | 0.20% |
| 17 | VCRM | Vanguard Core Tax-Exempt Bond ETF | $3.0bn | 1.2% | +0.9% | 0.12% |
| 18 | TFI | State Street SPDR Nuveen ICE Municipal Bond ETF | $2.9bn | 1.2% | −0.7% | 0.23% |
| 19 | HIMU | iShares High Yield Muni Active ETF | $2.8bn | 1.1% | +0.4% | 0.39% |
| 20 | FLMI | Franklin Dynamic Municipal Bond ETF | $2.4bn | 0.9% | +0.4% | 0.30% |
| 21 | ITM | VanEck Intermediate Muni ETF | $2.3bn | 0.9% | −0.2% | 0.18% |
| 22 | DFNM | Dimensional National Municipal Bond ETF | $2.3bn | 0.9% | +0.9% | 0.17% |
| 23 | VTEI | Vanguard Intermediate-Term Tax-Exempt Bond ETF | $2.2bn | 0.9% | +0.4% | 0.08% |
| 24 | FMB | First Trust Managed Municipal ETF | $1.9bn | 0.8% | 0.0% | 0.39% |
| 25 | LMUB | iShares Long-Term National Muni Bd ETF | $1.8bn | 0.7% | −1.2% | 0.09% |
| 26 | NYF | iShares New York Muni Bond ETF | $1.8bn | 0.7% | −0.2% | 0.09% |
| 27 | CGSM | Capital Group Short Duration Municipal Income ETF | $1.7bn | 0.7% | +2.1% | 0.25% |
| 28 | MMIT | NYLI MacKay Muni Intermediate ETF | $1.7bn | 0.7% | +0.7% | 0.30% |
| 29 | VSDM | Vanguard Short Duration Tax-Exempt Bond ETF | $1.5bn | 0.6% | +1.9% | 0.12% |
| 30 | BKMI | BNY Mellon Municipal Intermediate ETF | $1.5bn | 0.6% | – | 0.35% |
| 31 | MEAR | iShares Short Maturity Municipal Bond Active ETF | $1.5bn | 0.6% | +1.9% | 0.26% |
| 32 | BMOP | BNY Mellon Municipal Opportunities ETF | $1.5bn | 0.6% | – | 0.49% |
| 33 | TAFI | AB Tax-Aware Short Duration Municipal ETF | $1.5bn | 0.6% | +1.4% | 0.27% |
| 34 | NYM | AB New York Intermediate Municipal ETF | $1.3bn | 0.5% | – | 0.27% |
| 35 | SMMU | PIMCO Short Term Municipal Bond Active Exchange-Traded Fund | $1.3bn | 0.5% | +2.3% | 0.35% |
| 36 | CAM | AB California Intermediate Municipal ETF | $1.2bn | 0.5% | +0.8% | 0.27% |
| 37 | PWZ | Invesco California AMT-Free Municipal Bond ETF | $1.2bn | 0.5% | −1.1% | 0.28% |
| 38 | TAFM | AB Tax-Aware Intermediate Municipal ETF | $1.1bn | 0.5% | +0.1% | 0.28% |
| 39 | EVSM | Eaton Vance Short Duration Municipal Income ETF | $1.1bn | 0.4% | +2.1% | 0.19% |
| 40 | FMHI | First Trust Municipal High Income ETF | $1.1bn | 0.4% | +0.6% | 0.49% |
| 41 | MINO | PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | $934m | 0.4% | 0.0% | 0.39% |
| 42 | BAB | Invesco Taxable Municipal Bond ETF | $872m | 0.3% | −1.1% | 0.28% |
| 43 | HMOP | Hartford Municipal Opportunities ETF | $823m | 0.3% | +0.6% | 0.29% |
| 44 | INMU | iShares Intermediate Muni Income Active ETF | $776m | 0.3% | +1.4% | 0.30% |
| 45 | TAXF | American Century Diversified Municipal Bond ETF | $760m | 0.3% | +0.6% | 0.25% |
| 46 | MUNY | Vanguard New York Tax-Exempt Bond ETF | $753m | 0.3% | −0.4% | 0.09% |
| 47 | MLN | VanEck Long Muni ETF | $752m | 0.3% | −0.9% | 0.24% |
| 48 | IBMQ | iShares iBonds Dec 2028 Term Muni Bond ETF | $690m | 0.3% | +2.0% | 0.10% |
| 49 | GMUB | Goldman Sachs Municipal Income ETF | $687m | 0.3% | +1.5% | 0.18% |
| 50 | IBMP | iShares iBonds Dec 2027 Term Muni Bond ETF | $684m | 0.3% | +2.2% | 0.10% |
| 51 | CALI | iShares Short-Term California Muni Active ETF | $678m | 0.3% | +1.6% | 0.20% |
| 52 | FSMB | First Trust Short Duration Managed Municipal ETF | $659m | 0.3% | +1.9% | 0.34% |
| 53 | MUST | Columbia Multi-Sector Municipal Income ETF | $539m | 0.2% | −1.2% | 0.23% |
| 54 | DFCA | Dimensional California Municipal Bond ETF | $535m | 0.2% | +0.7% | 0.19% |
| 55 | IBMR | iShares iBonds Dec 2029 Term Muni Bond ETF | $527m | 0.2% | +1.3% | 0.10% |
| 56 | SHYD | VanEck Short High Yield Muni ETF | $523m | 0.2% | +2.1% | 0.32% |
| 57 | IBMO | iShares iBonds Dec 2026 Term Muni Bond ETF | $503m | 0.2% | +2.5% | 0.10% |
| 58 | VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | $486m | 0.2% | −1.3% | 0.09% |
| 59 | RMOP | Rockefeller Opportunistic Municipal Bond ETF | $473m | 0.2% | +1.0% | 0.80% |
| 60 | BKMS | BNY Mellon Municipal Short Duration ETF | $463m | 0.2% | – | 0.35% |
| 61 | TAXE | T. Rowe Price Intermediate Municipal Income ETF | $400m | 0.2% | +1.4% | 0.24% |
| 62 | EVIM | Eaton Vance Intermediate Municipal Income ETF | $396m | 0.2% | +1.3% | 0.11% |
| 63 | SMB | VanEck Short Muni ETF | $394m | 0.2% | +1.6% | 0.07% |
| 64 | BSMR | Invesco BulletShares (R) 2027 Municipal Bond ETF | $373m | 0.1% | +2.3% | 0.18% |
| 65 | BSMS | Invesco BulletShares (R) 2028 Municipal Bond ETF | $356m | 0.1% | +2.1% | 0.18% |
| 66 | TAXI | Northern Trust Intermediate Tax-Exempt Bond ETF | $327m | 0.1% | +1.9% | 0.05% |
| 67 | BSMT | Invesco BulletShares 2029 Municipal Bond ETF | $308m | 0.1% | +1.3% | 0.18% |
| 68 | JMHI | J P Morgan Exchange-Traded Fund Trust - High Yield Municipal Etf Fund | $306m | 0.1% | −0.4% | 0.35% |
| 69 | FUMB | First Trust Ultra Short Duration Municipal ETF | $299m | 0.1% | +2.6% | 0.29% |
| 70 | BSMU | Invesco BulletShares 2030 Municipal Bond ETF | $287m | 0.1% | +0.2% | 0.18% |
| 71 | FTMN | Franklin Minnesota Municipal Income ETF | $280m | 0.1% | – | 0.35% |
| 72 | FTMA | Franklin Massachusetts Municipal Inc ETF | $278m | 0.1% | – | 0.35% |
| 73 | FTMS | Franklin Short-Term Municipal Income ETF | $262m | 0.1% | +2.2% | 0.21% |
| 74 | APMU | ActivePassive Intermediate Municipal Bond ETF | $257m | 0.1% | +0.1% | 0.35% |
| 75 | BSMQ | Invesco BulletShares (R) 2026 Municipal Bond ETF | $252m | 0.1% | +2.2% | 0.18% |
| 76 | SCNM | Sterling Capital National Municipal Bond ETF | $241m | 0.1% | – | 0.35% |
| 77 | BSMW | Invesco Bulletshares 2032 Municipal Bond ETF | $240m | 0.1% | +0.1% | 0.18% |
| 78 | FCAL | First Trust California Municipal High Income ETF | $212m | 0.1% | +0.2% | 0.49% |
| 79 | BSMV | Invesco BulletShares 2031 Municipal Bond ETF | $208m | 0.1% | −0.3% | 0.18% |
| 80 | IBMT | iShares iBonds Dec 2031 Term Muni Bond ETF | $208m | 0.1% | +0.2% | 0.10% |
| 81 | XMPT | VanEck CEF Municipal Income ETF | $207m | 0.1% | −4.0% | 3.40% |
| 82 | PUSH | PGIM Ultra Short Municipal Bond ETF | $202m | 0.1% | +2.9% | 0.15% |
| 83 | FTNJ | Franklin New Jersey Municipal Income ETF | $195m | 0.1% | – | 0.35% |
| 84 | TAXS | Northern Trust Short-Term Tax-Exempt Bond ETF | $194m | 0.1% | +2.4% | 0.05% |
| 85 | FMUN | Fidelity Systematic Municipal Bond Index ETF | $184m | 0.1% | +0.3% | 0.05% |
| 86 | AVMU | Avantis Core Municipal Fixed Income ETF | $171m | 0.1% | +0.5% | 0.15% |
| 87 | BSMY | Invesco BulletShares 2034 Municipal Bond ETF | $165m | 0.1% | −0.5% | 0.18% |
| 88 | CATF | American Century California Municipal Bond ETF | $160m | 0.1% | +0.8% | 0.25% |
| 89 | BSSX | Invesco Bulletshares 2033 Municipal Bond ETF | $151m | 0.1% | −0.3% | 0.18% |
| 90 | NHYM | Nuveen High Yield Municipal Income ETF | $144m | 0.1% | −0.1% | 0.35% |
| 91 | PZT | Invesco New York AMT-Free Municipal Bond ETF | $134m | 0.1% | −1.7% | 0.28% |
| 92 | MFSM | MFS Active Intermediate Muni Bond ETF | $123m | 0.0% | +0.7% | 0.34% |
| 93 | JHMU | John Hancock Dynamic Municipal Bond ETF | $104m | 0.0% | +1.4% | 0.39% |
| 94 | MMCA | NYLI MacKay California Muni Intermediate ETF | $101m | 0.0% | +0.3% | 0.36% |
| 95 | FIMU | Fidelity Intermediate Municipal Income Fund ETF | $95m | 0.0% | – | 0.30% |
| 96 | HTAX | Nomura National High-Yield Municipal Bond ETF | $95m | 0.0% | +0.6% | 0.49% |
| 97 | NUMI | Nuveen Municipal Income ETF | $92m | 0.0% | −0.1% | 0.30% |
| 98 | GUMI | Goldman Sachs Ultra Short Municipal Income ETF | $87m | 0.0% | +2.9% | 0.16% |
| 99 | MMSD | NYLI MacKay Muni Short Duration ETF | $87m | 0.0% | +2.4% | 0.25% |
| 100 | FTOH | Franklin Ohio Municipal Income ETF | $77m | 0.0% | – | 0.35% |
| 101 | BSMZ | Invesco BulletShares 2035 Municipal Bond ETF | $73m | 0.0% | −0.7% | 0.18% |
| 102 | PMIO | PGIM Municipal Income Opportunities ETF | $64m | 0.0% | +1.7% | 0.25% |
| 103 | AMUN | abrdn Ultra Short Municipal Income Active ETF | $61m | 0.0% | +2.5% | 0.25% |
| 104 | EVYM | Eaton Vance High Income Municipal ETF | $61m | 0.0% | +1.4% | 0.40% |
| 105 | TAFL | AB Tax-Aware Long Municipal ETF | $59m | 0.0% | −1.4% | 0.28% |
| 106 | MNBD | ALPS | BBH Intermediate Municipal Bond ETF | $56m | 0.0% | +1.0% | 0.44% |
| 107 | FLMB | Franklin Municipal Green Bond ETF | $53m | 0.0% | −0.9% | 0.30% |
| 108 | MINN | Mairs & Power Minnesota Municipal Bond ETF | $53m | 0.0% | −0.4% | 0.25% |
| 109 | NMB | Simplify National Muni Bond ETF | $47m | 0.0% | −2.2% | 0.52% |
| 110 | OVM | Overlay Shares Municipal Bond ETF | $45m | 0.0% | +2.0% | 0.81% |
| 111 | RJMI | RJ Eagle Municipal Income ETF | $44m | 0.0% | 0.0% | 0.41% |
| 112 | MMHI | NYLIM MacKay Muni High Income ETF | $43m | 0.0% | – | 0.34% |
| 113 | ZMUN | F/m Ultrashort Tax Free Municipal ETF | $37m | 0.0% | +3.3% | 0.30% |
| 114 | PVI | Invesco Floating Rate Municipal Income ETF | $36m | 0.0% | +2.6% | 0.25% |
| 115 | THYM | T. Rowe Price High Income Municipal ETF | $34m | 0.0% | – | 0.32% |
| 116 | GENM | Genter Capital Municipal Quality Intermediate ETF | $33m | 0.0% | +1.3% | 0.39% |
| 117 | AUSM | Allspring Ultra Short Municipal ETF | $33m | 0.0% | +2.2% | 0.18% |
| 118 | RMNY | Rockefeller New York Municipal Bond ETF | $31m | 0.0% | +0.2% | 0.55% |
| 119 | MFSX | MFS Active Short Muni Bond ETF | $26m | 0.0% | – | 0.25% |
| 120 | FMNY | First Trust New York High Income Municipal ETF | $24m | 0.0% | −0.3% | 0.49% |
| 121 | TMNL | T. Rowe Price Long Municipal Income ETF | $24m | 0.0% | – | 0.26% |
| 122 | TMNS | T. Rowe Price Short Municipal Income ETF | $22m | 0.0% | – | 0.18% |
| 123 | IBMX | iShares iBonds Dec 2035 Term Muni Bond ETF | $21m | 0.0% | – | 0.10% |
| 124 | MBND | State Street Nuveen Municipal Bond ETF | $20m | 0.0% | −1.3% | 0.40% |
| 125 | MFLX | First Trust Flexible Municipal High Income ETF | $20m | 0.0% | +0.5% | 0.49% |
| 126 | AMHI | American Beacon Aberdeen Municipal High Income ETF | $19m | 0.0% | – | – |
| 127 | RMCA | Rockefeller California Municipal Bond ETF | $19m | 0.0% | +0.1% | 0.55% |
| 128 | IBMW | iShares iBonds Dec 2034 Term Muni Bond ETF | $18m | 0.0% | – | 0.10% |
| 129 | BSMA | Invesco BulletShares 2036 Municipal Bond ETF | $18m | 0.0% | – | 0.18% |
| 130 | FECM | First Eagle Core Municipal ETF | $16m | 0.0% | – | 0.25% |
| 131 | MYMI | State Street My2029 Municipal Bond ETF | $15m | 0.0% | +0.9% | 0.20% |
| 132 | MYMJ | State Street My2030 Municipal Bond ETF | $13m | 0.0% | +0.5% | 0.20% |
| 133 | MYMK | State Street My2031 Municipal Bond ETF | $11m | 0.0% | +0.7% | 0.20% |
| 134 | MUNG | Northern Trust 2046 Tax-Exempt Distributing Ladder ETF | $10m | 0.0% | – | 0.18% |
| 135 | MUNH | Northern Trust 2056 Tax-Exempt Distributing Ladder ETF | $10m | 0.0% | – | 0.18% |
| 136 | WTMU | WisdomTree Core Laddered Municipal Fund | $9m | 0.0% | −0.1% | 0.25% |
| 137 | MYMF | State Street My2026 Municipal Bond ETF | $9m | 0.0% | +2.2% | 0.20% |
| 138 | MYMG | State Street My2027 Municipal Bond ETF | $9m | 0.0% | +2.6% | 0.20% |
| 139 | MYMH | State Street My2028 Municipal Bond ETF | $7m | 0.0% | +2.0% | 0.20% |
| 140 | MYML | State Street My2032 Municipal Bond ETF | $5m | 0.0% | – | 0.20% |
| 141 | MUNJ | Northern Trust 2031 Tax-Exempt Distributing Ladder ETF | $5m | 0.0% | – | 0.18% |
| 142 | MUNF | Northern Trust 2036 Tax-Exempt Distributing Ladder ETF | $5m | 0.0% | – | 0.18% |
| 143 | ZTAX | X-Square Municipal Income Tax Free ETF | $5m | 0.0% | −3.1% | 0.92% |
| 144 | WTMY | WisdomTree High Income Laddered Municipal Fund | $5m | 0.0% | 0.0% | 0.35% |
| 145 | YYYM | Amplify Municipal CEF High Income ETF | $2m | 0.0% | – | 2.78% |
Other categories in the income overlay
Common questions
Which ETFs are municipal income ETFs?145 US ETFs sit in this category of the income overlay. Tax-exempt bonds issued by states and cities. Driven by tax rates, which set what tax-free income is worth.
What is the largest municipal income ETF?MUB, iShares National Muni Bond ETF, with $54.3bn, 21.5% of the category's money.
How have municipal income ETFs performed?The median unleveraged ETF here returned +0.6% over the last 12 months to Nov 2, 2026, against +11.8% for broad US ETFs. Past performance, not a forecast.