First Trust Ultra Short Duration Municipal ETF (FUMB) Alternatives
First Trust Ultra Short Duration Municipal ETF (FUMB) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FUMB. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to FUMB
FUMB charges 0.45% annually. Among ETFs in the Municipal Bonds category, these options have the lowest expense ratios among FUMB alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | Oct 11, 2022 | FUMB vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | Jul 11, 2019 | FUMB vs FMUN | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | Aug 21, 2015 | FUMB vs VTEB | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | 0.07% | Mar 8, 2023 | FUMB vs VTES | |
| Xtrackers California Municipal Bond ETF | 0.07% | Dec 13, 2023 | FUMB vs CA |
Best Risk-Adjusted Alternatives to FUMB
Among ETFs in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | 98 | Jul 23, 2024 | FUMB vs GUMI | |
| iShares Short Maturity Municipal Bond ETF | 97 | Mar 3, 2015 | FUMB vs MEAR | |
| PGIM Ultra Short Municipal Bond ETF | 95 | Jun 24, 2024 | FUMB vs PUSH | |
| iShares Short-Term California Muni Active ETF | 95 | Oct 4, 2007 | FUMB vs CALI | |
| Capital Group Short Duration Municipal Income ETF | 94 | Sep 26, 2023 | FUMB vs CGSM |
Top Performing FUMB Alternatives (YTD)
FUMB alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 1.20% | Sep 30, 2019 | FUMB vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 1.00% | Jun 4, 2013 | FUMB vs RVNU | |
| X-Square Municipal Income Tax Free ETF | 0.90% | May 18, 2023 | FUMB vs ZTAX | |
| Goldman Sachs Ultra Short Municipal Income ETF | 0.72% | Jul 23, 2024 | FUMB vs GUMI | |
| PGIM Ultra Short Municipal Bond ETF | 0.64% | Jun 24, 2024 | FUMB vs PUSH |
Lowest Volatility Alternatives to FUMB
FUMB alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | Mar 20, 2018 | FUMB vs IBMM | |
| iShares Short-Term California Muni Active ETF | 1.09% | Oct 4, 2007 | FUMB vs CALI | |
| abrdn Ultra Short Municipal Income Active ETF | 1.12% | Oct 20, 2025 | FUMB vs AMUN | |
| Goldman Sachs Ultra Short Municipal Income ETF | 1.15% | Jul 23, 2024 | FUMB vs GUMI | |
| iShares Short Maturity Municipal Bond ETF | 1.16% | Mar 3, 2015 | FUMB vs MEAR |
Lowest Drawdown Alternatives to FUMB
FUMB alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | -0.48% | Jul 23, 2024 | FUMB vs GUMI | |
| iShares Short-Term California Muni Active ETF | -0.78% | Oct 4, 2007 | FUMB vs CALI | |
| PGIM Ultra Short Municipal Bond ETF | -0.85% | Jun 24, 2024 | FUMB vs PUSH | |
| iShares Short Maturity Municipal Bond ETF | -0.86% | Mar 3, 2015 | FUMB vs MEAR | |
| Bondbloxx IR+M Tax-Aware Short Duration ETF | -0.91% | Mar 14, 2024 | FUMB vs TAXX |
Other ETFs from First Trust
Most popular First Trust ETFs on PortfoliosLab, across asset classes.
Often Compared With FUMB
What investors most often compare with FUMB, based on PortfoliosLab usage data.
Compare FUMB with Any Fund or Stock
Compare FUMB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.