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