FMUB vs. FTEC

Last updated Jun 4, 2026

FMUB (Fidelity Municipal Bond Opportunities ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FMUB is a Municipal Bonds fund actively managed by Fidelity, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. FMUB is actively managed, while FTEC is passively managed. Over the past year, FMUB returned 7.69% vs 60.87% for FTEC. At a 0.15 correlation, their price movements are largely independent. FMUB charges 0.30%/yr vs 0.08%/yr for FTEC.

Performance

FMUB vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Municipal Bond Opportunities ETF (FMUB) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMUB achieves a 1.89% return, which is significantly lower than FTEC's 31.89% return.

FMUB

• 1D: -0.02%
• 1M: 0.78%
• YTD: 1.89%
• 6M: 2.13%
• 1Y: 7.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMUB vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025
FMUB Fidelity Municipal Bond Opportunities ETF	1.89%	6.63%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	57.57%

Correlation

The correlation between FMUB and FTEC is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025	0.15

Return for Risk

FMUB vs. FTEC — Risk / Return Rank

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

FMUB

FMUB Risk / Return Rank: 80
FMUB Sharpe Ratio Rank: 87
FMUB Sortino Ratio Rank: 90
FMUB Omega Ratio Rank: 92
FMUB Calmar Ratio Rank: 62
FMUB Martin Ratio Rank: 67

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMUB vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Opportunities ETF (FMUB) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	FMUB	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	2.90	2.97	-0.07
Sortino ratio: Return per unit of downside risk	4.26	3.65	+0.61
Omega ratio: Gain probability vs. loss probability	1.63	1.48	+0.15
Calmar ratio: Return relative to maximum drawdown	3.10	3.76	-0.66
Martin ratio: Return relative to average drawdown	12.33	12.10	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMUB vs. FTEC - Sharpe Ratio Comparison

The current FMUB Sharpe Ratio is 2.90, which is comparable to the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FMUB and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FMUB	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	2.97	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.30	0.99	+1.32

Drawdowns

FMUB vs. FTEC - Drawdown Comparison

The maximum FMUB drawdown since its inception was -2.49%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FMUB and FTEC.

Drawdown Indicators

	FMUB	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-2.49%	-34.95%	+32.46%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-16.26%	+13.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.95%	—
Current Drawdown Current decline from peak	-0.10%	-1.49%	+1.39%
Average Drawdown Average peak-to-trough decline	-0.38%	-5.56%	+5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	5.05%	-4.42%

Volatility

FMUB vs. FTEC - Volatility Comparison

The current volatility for Fidelity Municipal Bond Opportunities ETF (FMUB) is 0.87%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.43%. This indicates that FMUB experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMUB	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	6.43%	-5.56%
Volatility (6M) Calculated over the trailing 6-month period	1.99%	16.14%	-14.15%
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	20.63%	-17.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.25%	25.23%	-21.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.25%	24.69%	-21.44%

FMUB vs. FTEC - Expense Ratio Comparison

FMUB has a 0.30% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

FMUB vs. FTEC - Dividend Comparison

FMUB's dividend yield for the trailing twelve months is around 3.42%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMUB Fidelity Municipal Bond Opportunities ETF	3.42%	2.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%

Frequently Asked Questions

Can I hold both FMUB and FTEC in my portfolio?

FMUB and FTEC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMUB or FTEC?

FTEC has higher volatility (6.43%) compared to FMUB (0.87%). In terms of maximum drawdown, FMUB dropped -2.49% vs FTEC's -34.95%.

Which ETF is better, FMUB or FTEC?

On 1-year performance, FTEC leads with 60.87% vs 7.69% for FMUB. On fees, FTEC is cheaper at 0.08% per year. On volatility, FMUB has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FMUB or FTEC?

Over the 1-year period, FTEC has performed better with a 60.87% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMUB or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.30% for FMUB.

Which ETF pays a higher dividend yield, FMUB or FTEC?

FMUB has the higher dividend yield at 3.42%, compared with 0.32% for FTEC.

What is the main difference between FMUB and FTEC?

FMUB is categorized as Municipal Bonds, while FTEC is Technology Equities. Their fees differ too: 0.30% for FMUB and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 2.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.