Municipal Bond ETFs
ETFs that hold bonds issued by US states, cities and other local governments, whose interest is generally exempt from federal income tax.
ETFs matching the screen
Data as of the October 29, 2026 close| MUBiShares National Muni Bond ETF | iShares National Muni Bond ETF | $54.10B | Municipal | 4.56% | 7.29 | 3.29% | 0.04% |
| VTEBVanguard Tax-Exempt Bond ETF | Vanguard Tax-Exempt Bond ETF | $52.50B | Municipal | 4.88% | 7.09 | 3.49% | 0.05% |
| SUBiShares Short-Term National Muni Bond ETF | iShares Short-Term National Muni Bond ETF | $13.20B | Municipal | 3.85% | 1.88 | 2.57% | 0.07% |
| CGMUCapital Group Municipal Income ETF | Capital Group Municipal Income ETF | $7.24B | Municipal | 3.74% | 5.56 | 3.46% | 0.26% |
| CMFiShares California Muni Bond ETF | iShares California Muni Bond ETF | $5.24B | Municipal | 4.28% | 6.63 | 3.03% | 0.07% |
| HYDVanEck High Yield Muni ETF | VanEck High Yield Muni ETF | $4.49B | Municipal | 5.68% | 7.76 | 4.49% | 0.33% |
| VTECVanguard California Tax-Exempt Bond ETF | Vanguard California Tax-Exempt Bond ETF | $4.27B | Municipal | 4.50% | 6.96 | 3.23% | 5.71% |
| VTESVanguard Short-Term Tax-Exempt Bond ETF | Vanguard Short-Term Tax-Exempt Bond ETF | $4.14B | Municipal | 3.94% | 2.83 | 2.67% | 0.07% |
| PZAInvesco National AMT-Free Municipal Bond ETF | Invesco National AMT-Free Municipal Bond ETF | $4.14B | Municipal | 4.70% | 10.50 | 4.05% | 0.27% |
| SCMBSchwab Municipal Bond ETF | Schwab Municipal Bond ETF | $4.02B | Municipal | 4.56% | 7.47 | 3.72% | 0.03% |
| HYMBSPDR Nuveen Bloomberg High Yield Municipal Bond ETF | SPDR Nuveen Bloomberg High Yield Municipal Bond ETF | $3.84B | Municipal | 6.27% | 8.26 | 4.79% | 0.35% |
| MUNIPIMCO Intermediate Municipal Bond Active Exchange-Traded Fund | PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund | $3.66B | Municipal | 4.58% | 6.01 | 3.37% | 0.36% |
| CGHMCapital Group Municipal High-Income ETF | Capital Group Municipal High-Income ETF | $3.57B | Municipal | 4.95% | 6.94 | 4.39% | 0.35% |
| SHMSPDR Nuveen Bloomberg Short Term Municipal Bond ETF | SPDR Nuveen Bloomberg Short Term Municipal Bond ETF | $3.49B | Municipal | 2.88% | 2.43 | 2.70% | 0.21% |
| TFISPDR Nuveen Bloomberg Municipal Bond ETF | SPDR Nuveen Bloomberg Municipal Bond ETF | $2.95B | Municipal | 4.15% | 6.80 | 3.67% | 0.21% |
| HIMUiShares High Yield Muni Active ETF | iShares High Yield Muni Active ETF | $2.73B | Municipal | 6.65% | 9.98 | 5.46% | — |
| FLMIFranklin Dynamic Municipal Bond ETF | Franklin Dynamic Municipal Bond ETF | $2.39B | Municipal | 5.33% | 6.85 | 4.14% | 0.31% |
| DFNMDimensional National Municipal Bond ETF | Dimensional National Municipal Bond ETF | $2.29B | Municipal | 3.73% | 4.96 | 3.03% | 0.17% |
| ITMVanEck Intermediate Muni ETF | VanEck Intermediate Muni ETF | $2.26B | Municipal | 4.59% | 7.37 | 3.09% | 0.18% |
| VTEIVanguard Intermediate-Term Tax-Exempt Bond | Vanguard Intermediate-Term Tax-Exempt Bond | $2.17B | Municipal | 4.41% | 5.88 | 3.17% | 0.08% |
| FMBFirst Trust Managed Municipal ETF | First Trust Managed Municipal ETF | $1.96B | Municipal | — | 7.38 | 4.07% | 0.65% |
| LMUBiShares Long-Term National Muni Bd ETF | iShares Long-Term National Muni Bd ETF | $1.82B | Municipal | 5.29% | 10.93 | 4.04% | 8.75% |
| NYFiShares New York Muni Bond ETF | iShares New York Muni Bond ETF | $1.71B | Municipal | 4.62% | 6.88 | 3.22% | 0.26% |
| MMITIQ MacKay Municipal Intermediate ETF | IQ MacKay Municipal Intermediate ETF | $1.63B | Municipal | — | 6.18 | 3.72% | 0.29% |
| BMOPBNY Mellon Municipal Opportunities ETF | BNY Mellon Municipal Opportunities ETF | $1.55B | Municipal | — | — | 3.48% | — |
| BKMIBNY Mellon Municipal Intermediate ETF | BNY Mellon Municipal Intermediate ETF | $1.54B | Municipal | — | — | 2.87% | — |
| MEARiShares Short Maturity Municipal Bond ETF | iShares Short Maturity Municipal Bond ETF | $1.50B | Municipal | 4.03% | 1.29 | 2.81% | 0.23% |
| NYMAB New York Intermediate Municipal ETF | AB New York Intermediate Municipal ETF | $1.30B | Municipal | — | 5.41 | 3.00% | — |
| SMMUPIMCO Short Term Municipal Bond Active Exchange-Traded Fund | PIMCO Short Term Municipal Bond Active Exchange-Traded Fund | $1.26B | Municipal | 4.12% | 2.33 | 2.86% | 0.34% |
| CAMAB California Intermediate Municipal ETF | AB California Intermediate Municipal ETF | $1.22B | Municipal | — | 4.94 | 3.29% | — |
| PWZInvesco California AMT-Free Municipal Bond ETF | Invesco California AMT-Free Municipal Bond ETF | $1.20B | Municipal | 4.83% | 10.61 | 3.99% | 0.27% |
| FMHIFirst Trust Municipal High Income ETF | First Trust Municipal High Income ETF | $1.02B | Municipal | — | 8.90 | 4.93% | 0.73% |
| MINOPIMCO Municipal Income Opportunities Active Exchange-Traded Fund | PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | $882.0M | Municipal | 5.04% | 7.72 | 4.01% | 0.40% |
| BABInvesco Taxable Municipal Bond ETF | Invesco Taxable Municipal Bond ETF | $870.0M | Municipal | 5.31% | 7.14 | 4.44% | 0.26% |
| HMOPHartford Municipal Opportunities ETF | Hartford Municipal Opportunities ETF | $828.0M | Municipal | 3.85% | 5.67 | 3.93% | 0.27% |
| INMUBlackRock Intermediate Muni Income Bond ETF | BlackRock Intermediate Muni Income Bond ETF | $757.0M | Municipal | 4.57% | 6.26 | 3.38% | 0.28% |
| MLNVanEck Long Muni ETF | VanEck Long Muni ETF | $744.0M | Municipal | 5.47% | 10.90 | 4.03% | 0.24% |
| TAXFAmerican Century Diversified Municipal Bond ETF | American Century Diversified Municipal Bond ETF | $740.0M | Municipal | 5.36% | 7.03 | 3.95% | 0.30% |
| MUNYVanguard New York Tax-Exempt Bond ETF | Vanguard New York Tax-Exempt Bond ETF | $738.0M | Municipal | 4.88% | 6.95 | 3.32% | 9.00% |
| FTCAFranklin California Municipal Income ETF | Franklin California Municipal Income ETF | $727.0M | Municipal | 5.28% | 8.85 | 3.90% | — |
| IBMPiShares iBonds Dec 2027 Term Muni Bond ETF | iShares iBonds Dec 2027 Term Muni Bond ETF | $692.0M | Municipal | 3.57% | 0.69 | 2.53% | 0.17% |
| IBMQiShares iBonds Dec 2028 Term Muni Bond ETF | iShares iBonds Dec 2028 Term Muni Bond ETF | $687.0M | Municipal | 3.59% | 1.47 | 2.48% | 0.17% |
| FTMHPutnam Franklin Municipal High Yield ETF | Putnam Franklin Municipal High Yield ETF | $666.0M | Municipal | 5.87% | 8.93 | 4.55% | — |
| GMUBGoldman Sachs Municipal Income ETF | Goldman Sachs Municipal Income ETF | $658.0M | Municipal | 3.66% | 4.96 | 3.43% | 18.6% |
| FSMBFirst Trust Short Duration Managed Municipal ETF | First Trust Short Duration Managed Municipal ETF | $652.0M | Municipal | — | 2.50 | 3.48% | 0.56% |
| CALIiShares Short-Term California Muni Active ETF | iShares Short-Term California Muni Active ETF | $633.0M | Municipal | 3.56% | 1.20 | 2.50% | 0.21% |
| FTNYPutnam Franklin New York Municipal Income ETF | Putnam Franklin New York Municipal Income ETF | $582.0M | Municipal | 5.53% | 8.61 | 3.78% | — |
| MMINIQ MacKay Municipal Insured ETF | IQ MacKay Municipal Insured ETF | $553.0M | Municipal | — | 8.98 | 4.16% | 0.29% |
| MUSTColumbia Multi-Sector Municipal Income ETF | Columbia Multi-Sector Municipal Income ETF | $536.0M | Municipal | — | 7.11 | 3.49% | 0.21% |
| DFCADimensional California Municipal Bond ETF | Dimensional California Municipal Bond ETF | $533.0M | Municipal | 3.72% | 4.41 | 2.88% | 0.18% |
End-of-day prices and fund data from EODHD. Returns are total returns with distributions reinvested; 3-, 5- and 10-year returns are annualized. Assets, expense ratios and holdings come from the issuers' latest reports (refreshed monthly). For information only, not investment advice.
Screening criteria
- Bond type: municipal
US-listed ETFs and ETNs; funds that have not traded for more than a week are excluded. Change or add filters above to refine the list; the full ETF screener has more than 50 filters.
About this screen
Municipal bonds fund schools, roads, utilities and other public projects. Their interest is usually free from federal income tax and, for bonds from your own state, often from state tax too. That makes muni funds popular with investors in higher tax brackets, who can keep more of a lower stated yield than they would from a taxable bond fund.
Compare yields on a tax-equivalent basis: divide the muni yield by one minus your marginal tax rate. The Bonds tab shows yield to maturity and duration; national funds spread credit risk across states, while state-specific and high-yield muni funds carry more concentration or default risk. Some interest can be subject to the alternative minimum tax.
Municipal Bond ETFs FAQ
How many municipal bond ETFs are there?
As of the October 29, 2026 close, 139 municipal bond ETFs were listed in the US. The largest by assets are iShares National Muni Bond ETF (MUB), Vanguard Tax-Exempt Bond ETF (VTEB) and iShares Short-Term National Muni Bond ETF (SUB).
What is tax-equivalent yield?
Tax-equivalent yield is the yield a taxable bond would need to match a tax-free muni after taxes. Divide the muni yield by one minus your tax rate: at a 32% federal rate, a 3% muni yield equals about 4.4% from a taxable bond.
Are municipal bond ETF distributions completely tax-free?
Not always. Interest is generally exempt from federal income tax, but capital gains distributions are taxable, some bonds are subject to the alternative minimum tax, and out-of-state interest is usually taxable at the state level.
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