BKMI vs NZF
BNY Mellon Municipal Intermediate ETF vs Nuveen Municipal Credit Income Fund
Which is better, BKMI or NZF?
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 | NZF |
|---|---|---|
| Expense Ratio | 0.35%Best | 3.61% |
| AUM | $1.5B | $2.2B |
| Dividend Yield | 1.93% | 8.66% |
| Holdings | 1,068 | 634 |
| YTD Return | -2.79%Best | -7.40% |
| 1Y Return | - | -5.18% |
| 3Y Return (annualized) | - | +9.66% |
| 5Y Return (annualized) | - | -1.99% |
| Fund Family | BNY Mellon Investment Management | Nuveen |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Jan 12, 2026 | Sep 25, 2001 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
BKMI vs NZF 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 NZF Performance
BNY Mellon Municipal Intermediate ETF (BKMI) is an ETF from BNY Mellon Investment Management and Nuveen Municipal Credit Income Fund (NZF) is an ETF from Nuveen. Year to date, BKMI is down 2.79% versus a loss of 7.40% for NZF.
Past performance does not guarantee future results.
Fees and Cost Over Time
BKMI charges 0.35% per year while NZF charges 3.61%. On a $10,000 position that is $35 vs $361 annually, a gap of $326 per year that compounds over a long holding period. On income, BKMI currently yields 1.93% against 8.66% for NZF.
Holdings Overlap
We hold position weights for 111 holdings in BKMI and 229 in NZF, totalling 28.5% and 43.7% 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, 10 positions appear in both.
The two holdings books were reported 63 days apart, BKMI as of Oct 2, 2026 and NZF as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
10 positions in common, counted across the 111 positions we hold weights for in BKMI and 229 in NZF, against full books of 1,068 and 634.
Top Shared Holdings
| Stock | Weight in BKMI | Weight in NZF | Difference |
|---|---|---|---|
| NY NYCDEV 5 11/15/20Nycdev 5.000 11/15/44 | 0.94% | 2.20% | 1.26% |
| NJ TOBGEN 5 06/01/20Fx.rt. Muni Bond | 0.63% | 0.04% | 0.59% |
| NY NYTTRN 5 07/01/20New York Transportation Development Corp. (Laguardia Airport Terminal B Redevelopment), Series 2016 A, Rb | 0.12% | 0.39% | 0.27% |
| NY NYSHGR 4 03/15/20New York St Dorm Auth St Pers 4% Mar 15, 2038 | 0.29% | 0.12% | 0.17% |
| NY MTATRN 5 11/15/20Metropolitan Transportation Authority | 0.31% | 0.09% | 0.22% |
| NY NYCDEV 5.15 11/15New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 2 Series 2014 5.15 2034-11-15 | 0.22% | 0.15% | 0.07% |
| FL MIATRN 5 10/01/20Miami Dade Cnty Fl Aviation Re Miatrn 10/34 Fixed 5 5% | 0.16% | 0.20% | 0.04% |
| IL ILSTRN 5 01/01/20Illinois State Toll Highway Authority 5.0% 01-01-42 | 0.20% | 0.13% | 0.07% |
| PR PRC 4 07/01/2041Commonwealth of Puerto Rico 4.00% 07/01/2041 | 0.00% | 0.20% | 0.20% |
| DC METAPT 4 10/01/20Met Washington Dc Arpts Auth D Regd B/e 4.00000000 | 0.06% | 0.00% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of BKMI and NZF 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 NZF?
BKMI has an expense ratio of 0.35% while NZF charges 3.61%. BKMI is the cheaper option, by $326 a year on a $10,000 investment.
Which pays a higher dividend, BKMI or NZF?
BKMI yields 1.93% while NZF yields 8.66%, so NZF currently pays the higher dividend yield.
Is NZF 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.