Simplify National Muni Bond ETF (NMB) Performance
NMB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.5% since Dec 31, 2025
- 1 year
- −2.7% total return
- Since first price
- +4.3% since 2024
NMB trailing returns vs SPY, QQQ, AGG
| Period | NMB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.9% | −2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.7% | −3.8% | +7.8% | +8.4% | −1.5% |
| YTD | −1.5% | −5.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.7% | −7.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 10, 2024 | +4.3% | −5.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NMB vs SPY
From Sep 10, 2024: NMB grew to $10,435, SPY to $14,211.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NMB returns by calendar year
1 of 1 full years positive. Best 2025 (+8.0%), worst 2025 (+8.0%). 2026 is year to date.
NMB annual returns table
| Year | NMB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.5% | −8.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.0% | −10.5% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NMB largest drawdowns
Now 4.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 9, 2024 | −13.7% | Apr 8, 2025 | May 12, 2025 | 4 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NMB risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +0.4% |
| Volatility (annualized) | 11.1% |
| Sharpe ratio | -0.27 |
| Sortino ratio | -0.39 |
| Best month | +8.6% |
| Worst month | −4.6% |
| Best 12 months | +12.4% |
| Worst 12 months | −3.8% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NMB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | −3.8% | +5.9% | +12.4% | 86% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
NMB performance overview
Simplify National Muni Bond ETF (NMB) returned −2.7% over the past year, with distributions reinvested. Since its first recorded price on Sep 10, 2024 it has returned +4.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.7%, from Dec 9, 2024 to Apr 8, 2025, and it took 34 days to get back to the old high. Volatility has been 11.1% a year.
Related: NMB chart, NMB dividends. See the NMB overview for the latest quote and fund facts.
NMB performance FAQ
What is the NMB return over the past year?
NMB returned −2.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.4%.
How much would $10,000 invested in NMB be worth?
$10,000 invested in NMB at its first recorded close on September 10, 2024 would be worth about $10,435 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of NMB?
The largest peak-to-trough decline was −13.7% between December 9, 2024 and April 8, 2025. It recovered to the old high on May 12, 2025, 34 days after the bottom.
How volatile is NMB?
Over the past history NMB had an annualized volatility of 11.1% and a Sharpe ratio of -0.27 (excess return over 1–3 month T-bills per unit of risk).