NMB vs PMIO
Comparison between Simplify National Muni Bond ETF (NMB, ETF) and PGIM MUNICIPAL INCOME OPPORTUNITIES ETF (PMIO, ETF).
NMB vs PMIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NMB
$48M
Winner
PMIO
$48M
Expense Ratio
NMB
0.52%
Winner
PMIO
0.25%
Max Drawdown
NMB
15.60%
Winner
PMIO
4.59%
Sharpe Ratio
NMB
0.31
Winner
PMIO
1.24
5Y Beta
NMB
0.35
Winner
PMIO
0.01
NMB vs PMIO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NMB
+0.71%
PMIO
+0.59%
3M
Winner
NMB
+2.93%
PMIO
+0.86%
6M
NMB
+1.54%
Winner
PMIO
+2.01%
1Y
NMB
+5.00%
Winner
PMIO
+6.46%
Max(CAGR)
NMB
+3.99%
Winner
PMIO
+4.84%
NMB vs PMIO - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | NMB | PMIO |
|---|---|---|
| 2026 | +0.96% | +1.64% |
| 2025 | +7.48% | +5.12% |
| 2024 | -1.90% | +2.41% |
NMB vs PMIO Drawdown Comparison
The maximum drawdown for NMB was -13.67%, occurring on Apr 8, 2025. Recovery took 104 trading sessions.
The maximum drawdown for PMIO was -3.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.
The current NMB drawdown is -1.70%. The current PMIO drawdown is -0.30%.
| Rank | NMB | PMIO |
|---|---|---|
| #1 | -13.67% Dec 9, 2024 - May 12, 2025 | -3.39% Feb 26, 2025 - Sep 3, 2025 |
| #2 | -7.26% May 13, 2025 - Oct 13, 2025 | -2.24% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -5.50% Oct 28, 2025 - Mar 24, 2026 | -2.15% Dec 6, 2024 - Feb 21, 2025 |
| #4 | -3.24% Oct 1, 2024 - Nov 25, 2024 | -1.46% Oct 3, 2024 - Nov 25, 2024 |
| #5 | -0.57% Oct 20, 2025 - Oct 24, 2025 | -0.48% Oct 27, 2025 - Nov 28, 2025 |
| #6 | -0.51% Oct 13, 2025 - Oct 20, 2025 | -0.43% Aug 2, 2024 - Aug 21, 2024 |
| #7 | -0.18% Sep 23, 2024 - Sep 27, 2024 | -0.32% Nov 28, 2025 - Dec 26, 2025 |
| #8 | -0.18% Dec 4, 2024 - Dec 6, 2024 | -0.27% Sep 17, 2025 - Oct 2, 2025 |
| #9 | -0.10% Sep 27, 2024 - Oct 1, 2024 | -0.21% Jan 15, 2026 - Jan 28, 2026 |
| #10 | -0.09% Sep 16, 2024 - Sep 19, 2024 | -0.21% Sep 13, 2024 - Sep 27, 2024 |
| #11 | N/A | -0.18% Jul 23, 2024 - Jul 26, 2024 |
| #12 | N/A | -0.18% Sep 27, 2024 - Oct 3, 2024 |
| #13 | N/A | -0.14% Aug 23, 2024 - Sep 3, 2024 |
| #14 | N/A | -0.14% Feb 5, 2026 - Feb 9, 2026 |
| #15 | N/A | -0.11% Jun 28, 2024 - Jul 2, 2024 |
Correlation
Correlation between NMB and PMIO is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2024 - 2026)
NMB vs PMIO dividend yield comparison.
| Year | NMB | PMIO |
|---|---|---|
| 2026 | 2.39% | 1.62% |
| 2025 | 4.48% | 4.00% |
| 2024 | 1.13% | 2.11% |
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