DFNM vs MUB
Dimensional National Municipal Bond ETF compared with iShares National Muni Bond ETF on yield, payout growth, payment schedule, cost and risk.
DFNM
Dimensional National Municipal Bond ETF
TTM yield · Monthly
MUB
iShares National Muni Bond ETF
TTM yield · Monthly
Quick take
- MUB yields more today: 3.30% vs 3.03% (forward).
- Both pay every month.
- Over the last year MUB delivered the higher total return: +0.3% vs +0.2% (price change plus payouts).
- MUB is cheaper to own: 0.05% vs 0.17% expense ratio.
- MUB has the steadier distribution: consistency 98/100 vs 68/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | DFNM | MUB |
|---|---|---|
| Share price | $46.67 | $103.43 |
| TTM yield | 3.06% | 3.30% |
| Forward yield | 3.03% | 3.30% |
| Annual payout per share | $1.4133 | $3.414 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 17, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.17% | 0.05% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 68/100 | 98/100 |
| 1-year total return | +0.2% | +0.3% |
| 1-year price return | -2.7% | -2.9% |
| Size (market cap / AUM) | 2.2B | 46.6B |
| Years paying | 4.8 | 19.0 |
| Sector / category | Muni National Interm | Muni National Interm |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| DFNM | MUB | |
|---|---|---|
| Shares | 214.3 | 96.7 |
| Income per year | $303 | $330 |
| Income per month (avg) | $25 | $28 |
At forward yields, before taxes. Model DFNM · Model MUB
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| DFNM Nov 17, 2026 | Dec 1, 2026 | $0.1178 | Est. |
| DFNM Dec 15, 2026 | Dec 29, 2026 | $0.1178 | Est. |
| DFNM Jan 12, 2027 | Jan 26, 2027 | $0.1178 | Est. |
| MUB Oct 31, 2026 | Nov 14, 2026 | $0.2845 | Est. |
| MUB Nov 30, 2026 | Dec 14, 2026 | $0.2845 | Est. |
| MUB Dec 30, 2026 | Jan 13, 2027 | $0.2845 | Est. |
Annual payouts per share
DFNMMUB
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, DFNM or MUB?
MUB currently has the higher trailing yield: DFNM yields 3.06% and MUB yields 3.30%. Yield changes daily with price, so check the live figures above.
How often do DFNM and MUB pay?
DFNM pays every month and MUB pays every month. DFNM's next ex-date is Nov 17, 2026 and MUB's is Oct 31, 2026.
Is DFNM or MUB better for income?
It depends on what you are optimising for. DFNM and MUB differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.