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FIGB vs. MUB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIGB and MUB is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

FIGB vs. MUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond ETF (FIGB) and iShares National AMT-Free Muni Bond ETF (MUB). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%AugustSeptemberOctoberNovemberDecember2025
0.45%
0.51%
FIGB
MUB

Key characteristics

Sharpe Ratio

FIGB:

0.44

MUB:

0.35

Sortino Ratio

FIGB:

0.67

MUB:

0.50

Omega Ratio

FIGB:

1.08

MUB:

1.07

Calmar Ratio

FIGB:

0.23

MUB:

0.30

Martin Ratio

FIGB:

1.17

MUB:

1.25

Ulcer Index

FIGB:

2.31%

MUB:

1.09%

Daily Std Dev

FIGB:

6.14%

MUB:

3.87%

Max Drawdown

FIGB:

-18.08%

MUB:

-13.68%

Current Drawdown

FIGB:

-7.59%

MUB:

-1.90%

Returns By Period

In the year-to-date period, FIGB achieves a -0.22% return, which is significantly higher than MUB's -0.30% return.


FIGB

YTD

-0.22%

1M

-0.20%

6M

0.77%

1Y

3.02%

5Y*

N/A

10Y*

N/A

MUB

YTD

-0.30%

1M

0.03%

6M

0.57%

1Y

1.82%

5Y*

0.74%

10Y*

1.88%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FIGB vs. MUB - Expense Ratio Comparison

FIGB has a 0.36% expense ratio, which is higher than MUB's 0.07% expense ratio.


Expense ratio chart for FIGB: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%
Expense ratio chart for MUB: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

FIGB vs. MUB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIGB
The Risk-Adjusted Performance Rank of FIGB is 1515
Overall Rank
The Sharpe Ratio Rank of FIGB is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of FIGB is 1515
Sortino Ratio Rank
The Omega Ratio Rank of FIGB is 1414
Omega Ratio Rank
The Calmar Ratio Rank of FIGB is 1414
Calmar Ratio Rank
The Martin Ratio Rank of FIGB is 1515
Martin Ratio Rank

MUB
The Risk-Adjusted Performance Rank of MUB is 1414
Overall Rank
The Sharpe Ratio Rank of MUB is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of MUB is 1212
Sortino Ratio Rank
The Omega Ratio Rank of MUB is 1212
Omega Ratio Rank
The Calmar Ratio Rank of MUB is 1717
Calmar Ratio Rank
The Martin Ratio Rank of MUB is 1616
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FIGB vs. MUB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and iShares National AMT-Free Muni Bond ETF (MUB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for FIGB, currently valued at 0.44, compared to the broader market0.002.004.000.440.35
The chart of Sortino ratio for FIGB, currently valued at 0.67, compared to the broader market0.005.0010.000.670.50
The chart of Omega ratio for FIGB, currently valued at 1.08, compared to the broader market0.501.001.502.002.503.001.081.07
The chart of Calmar ratio for FIGB, currently valued at 0.23, compared to the broader market0.005.0010.0015.0020.000.230.30
The chart of Martin ratio for FIGB, currently valued at 1.17, compared to the broader market0.0020.0040.0060.0080.00100.001.171.25
FIGB
MUB

The current FIGB Sharpe Ratio is 0.44, which is comparable to the MUB Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of FIGB and MUB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50AugustSeptemberOctoberNovemberDecember2025
0.44
0.35
FIGB
MUB

Dividends

FIGB vs. MUB - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.29%, more than MUB's 3.02% yield.


TTM20242023202220212020201920182017201620152014
FIGB
Fidelity Investment Grade Bond ETF
4.29%4.28%3.79%2.44%1.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MUB
iShares National AMT-Free Muni Bond ETF
3.02%3.01%2.65%2.11%1.81%2.11%2.42%2.46%2.26%2.21%2.51%2.73%

Drawdowns

FIGB vs. MUB - Drawdown Comparison

The maximum FIGB drawdown since its inception was -18.08%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FIGB and MUB. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-7.59%
-1.90%
FIGB
MUB

Volatility

FIGB vs. MUB - Volatility Comparison

Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.62% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.32%. This indicates that FIGB's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%AugustSeptemberOctoberNovemberDecember2025
1.62%
1.32%
FIGB
MUB