FMB vs. MUB
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and iShares National AMT-Free Muni Bond ETF (MUB).
FMB and MUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMB is an actively managed fund by First Trust. It was launched on May 13, 2014. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMB or MUB.
Correlation
The correlation between FMB and MUB is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FMB vs. MUB - Performance Comparison
Key characteristics
FMB:
0.44
MUB:
0.15
FMB:
0.62
MUB:
0.22
FMB:
1.08
MUB:
1.03
FMB:
0.27
MUB:
0.12
FMB:
1.99
MUB:
0.56
FMB:
0.77%
MUB:
1.00%
FMB:
3.47%
MUB:
3.81%
FMB:
-14.16%
MUB:
-13.68%
FMB:
-3.20%
MUB:
-1.96%
Returns By Period
In the year-to-date period, FMB achieves a 1.58% return, which is significantly higher than MUB's 0.89% return. Over the past 10 years, FMB has outperformed MUB with an annualized return of 2.60%, while MUB has yielded a comparatively lower 2.01% annualized return.
FMB
1.58%
-1.34%
1.17%
1.69%
0.81%
2.60%
MUB
0.89%
-1.47%
1.39%
0.82%
0.93%
2.01%
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FMB vs. MUB - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
FMB vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) 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.
Dividends
FMB vs. MUB - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.23%, more than MUB's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.23% | 2.99% | 2.47% | 1.96% | 2.19% | 2.48% | 2.59% | 2.49% | 2.93% | 3.07% | 1.70% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.02% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
FMB vs. MUB - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, roughly equal to the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FMB and MUB. For additional features, visit the drawdowns tool.
Volatility
FMB vs. MUB - Volatility Comparison
First Trust Managed Municipal ETF (FMB) and iShares National AMT-Free Muni Bond ETF (MUB) have volatilities of 1.15% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.