FIGB vs. MUB
Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and iShares National AMT-Free Muni Bond ETF (MUB).
FIGB and MUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIGB is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Performance
FIGB vs. MUB - Performance Comparison
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FIGB vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 0.03% | 6.95% | 1.51% | 6.65% | -13.43% | 1.77% |
MUB iShares National AMT-Free Muni Bond ETF | -0.37% | 3.78% | 1.26% | 5.56% | -7.34% | 2.20% |
Returns By Period
In the year-to-date period, FIGB achieves a 0.03% return, which is significantly higher than MUB's -0.37% return.
FIGB
- 1D
- 0.28%
- 1M
- -1.71%
- YTD
- 0.03%
- 6M
- 0.95%
- 1Y
- 4.28%
- 3Y*
- 3.84%
- 5Y*
- 0.45%
- 10Y*
- —
MUB
- 1D
- 0.19%
- 1M
- -2.28%
- YTD
- -0.37%
- 6M
- 1.28%
- 1Y
- 3.94%
- 3Y*
- 2.53%
- 5Y*
- 0.79%
- 10Y*
- 1.96%
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FIGB vs. MUB - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is higher than MUB's 0.07% expense ratio.
Return for Risk
FIGB vs. MUB — Risk / Return Rank
FIGB
MUB
FIGB vs. MUB - Risk-Adjusted Trends 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.
| FIGB | MUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.96 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.25 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.27 | +0.08 |
Martin ratioReturn relative to average drawdown | 4.12 | 4.07 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIGB | MUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.96 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.20 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.57 | -0.51 |
Correlation
The correlation between FIGB and MUB is 0.73, 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.
Dividends
FIGB vs. MUB - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.12%, more than MUB's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.12% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.19% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
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.
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Drawdown Indicators
| FIGB | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -13.68% | -4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -3.30% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -11.88% | -6.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -1.71% | -2.28% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -2.24% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.03% | +0.10% |
Volatility
FIGB vs. MUB - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.71% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.53%. 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.
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Volatility by Period
| FIGB | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.53% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.03% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.16% | 4.14% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 4.04% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 4.91% | +1.31% |