BKMI vs NUW
BNY Mellon Municipal Intermediate ETF vs Nuveen AMT-Free Municipal Value Fund
Which is better, BKMI or NUW?
BKMI has been ahead.
BKMI has a lower expense ratio. BKMI led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BKMI | NUW |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.68% |
| AUM | $1.5B | $254M |
| Dividend Yield | 1.93% | 4.17% |
| Holdings | 1,068 | 218 |
| YTD Return | -3.38%Best | -6.36% |
| 1Y Return | - | -5.74% |
| 3Y Return (annualized) | - | +4.64% |
| 5Y Return (annualized) | - | -1.34% |
| Fund Family | BNY Mellon Investment Management | Nuveen |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Jan 12, 2026 | Feb 25, 2009 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
BKMI vs NUW growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BKMI vs NUW Performance
BNY Mellon Municipal Intermediate ETF (BKMI) is an ETF from BNY Mellon Investment Management and Nuveen AMT-Free Municipal Value Fund (NUW) is an ETF from Nuveen. Year to date, BKMI is down 3.38% versus a loss of 6.36% for NUW.
Past performance does not guarantee future results.
Fees and Cost Over Time
BKMI charges 0.35% per year while NUW charges 0.68%. On a $10,000 position that is $35 vs $68 annually, a gap of $33 per year that compounds over a long holding period. On income, BKMI currently yields 1.93% against 4.17% for NUW.
Holdings Overlap
We hold position weights for 111 holdings in BKMI and 77 in NUW, totalling 28.5% and 37.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
The two holdings books were reported 63 days apart, BKMI as of Oct 2, 2026 and NUW as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 111 positions we hold weights for in BKMI and 77 in NUW, against full books of 1,068 and 218.
Top Shared Holdings
| Stock | Weight in BKMI | Weight in NUW | Difference |
|---|---|---|---|
| NJ TOBGEN 5 06/01/20Fx.rt. Muni Bond | 0.63% | 0.14% | 0.49% |
| NY MTATRN 5 11/15/20Ny Met Transprtn Auth Rev 5.00% 2050-11-15 | 0.31% | 0.31% | 0.00% |
| GA MAIUTL 04/01/2054Main Str Nat Var 04/54 5%04/01/2054 | 0.32% | 0.00% | 0.32% |
You are not choosing between two funds in isolation.
Whichever of BKMI and NUW you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKMI or NUW?
BKMI has an expense ratio of 0.35% while NUW charges 0.68%. BKMI is the cheaper option, by $33 a year on a $10,000 investment.
Which pays a higher dividend, BKMI or NUW?
BKMI yields 1.93% while NUW yields 4.17%, so NUW currently pays the higher dividend yield.
Is NUW better than BKMI?
BKMI has a lower expense ratio. BKMI led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.