First Trust Ultra Short Duration Municipal ETF (FUMB)

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First Trust Ultra Short Duration Municipal ETF (FUMB) is up 1.3% since the beginning of the year. FUMB is currently trading at $20 per share. Investors who bought $1,000 worth of FUMB shares 5 years ago would now be looking at an investment worth $1,104.

First Trust Ultra Short Duration Municipal ETF (FUMB) has returned 1.27% so far this year and 2.69% over the past 12 months.

Based on dividend-adjusted daily data since Nov 5, 2018, FUMB's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.

Historically, 79% of months were positive and 21% were negative. The best month was Nov 2023 with a return of +0.7%, while the worst month was Jan 2022 at -0.5%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FUMB closed higher 44% of trading days. The best single day was Mar 25, 2020 with a return of +1.6%, while the worst single day was Mar 19, 2020 at -1.0%.

First Trust Ultra Short Duration Municipal ETF has an annualized alpha of 1.68%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 05, 2018.

• This ETF captured 3.94% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.60%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FUMB has an expense ratio of 0.45%, placing it in the medium range.

FUMB ranks 97 for risk / return — in the top 97% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

First Trust Ultra Short Duration Municipal ETF provided a 2.79% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for First Trust Ultra Short Duration Municipal ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Ultra Short Duration Municipal ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Ultra Short Duration Municipal ETF was 2.68%, occurring on Mar 20, 2020. Recovery took 4 trading sessions.

The chart below shows the rolling one-month volatility.