# Dimensional National Municipal Bond ETF (DFNM)

> Source: Nexqual · https://nexqual.com/DFNM · data as of 2026-10-23 19:19 UTC · cite as "Nexqual, Dimensional National Municipal Bond ETF (DFNM), nexqual.com/DFNM" · informational, not investment advice.

**Price:** USD 46.95 (+0.04% today) · US market open, as of October 23, 2026 at 19:19 UTC; quotes may be delayed. Prev close 46.93 · day 46.92–46.99 · 52w 45.7–48.87 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +0.2% vs S&P 500 +14.5%; 5Y +4.9% vs S&P 500 +77.1%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-11-15) |
|---|---|---|
| Total return | +0.2% | +4.9% |
| S&P 500 (SPY) | +14.5% | +77.1% |
| Per year | +0.2% | +1.0% |
| Volatility (annualized) | 2.3% | 3.1% |
| Max drawdown | -4.6% (Jul 2026→Sep 2026) | -6.8% (Dec 2021→Oct 2022) |

## Peers
DFCF (Dimensional Core Fixed Income E) USD 40.68 -0.20% · DFIP (Dimensional Inflation-Protected) USD 39.81 -0.05% · DFSD (Dimensional Short-Duration Fixe) USD 46.73 -0.12% · DFAC (U.S. Core Equity 2 Portfolio ET) USD 44.8 -0.52% · DFIC (Dimensional International Core ) USD 37.34 -0.48%

## More
Full page: https://nexqual.com/DFNM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt