FMUB vs. HYMB
Compare and contrast key facts about Fidelity Municipal Bond Opportunities ETF (FMUB) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
FMUB and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMUB is an actively managed fund by Fidelity. It was launched on Feb 16, 2023. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Performance
FMUB vs. HYMB - Performance Comparison
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FMUB vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMUB Fidelity Municipal Bond Opportunities ETF | 0.35% | 6.63% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.99% | 5.59% |
Returns By Period
In the year-to-date period, FMUB achieves a 0.35% return, which is significantly lower than HYMB's 0.99% return.
FMUB
- 1D
- 0.25%
- 1M
- -1.37%
- YTD
- 0.35%
- 6M
- 1.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB
- 1D
- 0.16%
- 1M
- -0.64%
- YTD
- 0.99%
- 6M
- 2.43%
- 1Y
- 3.05%
- 3Y*
- 4.39%
- 5Y*
- 0.52%
- 10Y*
- 2.50%
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FMUB vs. HYMB - Expense Ratio Comparison
FMUB has a 0.30% expense ratio, which is lower than HYMB's 0.35% expense ratio.
Return for Risk
FMUB vs. HYMB — Risk / Return Rank
FMUB
HYMB
FMUB vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Opportunities ETF (FMUB) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FMUB | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.52 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.13 | 0.44 | +1.69 |
Correlation
The correlation between FMUB and HYMB is 0.72, 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
FMUB vs. HYMB - Dividend Comparison
FMUB's dividend yield for the trailing twelve months is around 3.44%, less than HYMB's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMUB Fidelity Municipal Bond Opportunities ETF | 3.44% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.59% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
Drawdowns
FMUB vs. HYMB - Drawdown Comparison
The maximum FMUB drawdown since its inception was -2.49%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for FMUB and HYMB.
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Drawdown Indicators
| FMUB | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.49% | -29.57% | +27.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -1.61% | -1.41% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -3.84% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.06% | — |
Volatility
FMUB vs. HYMB - Volatility Comparison
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Volatility by Period
| FMUB | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 5.91% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.36% | 6.63% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 11.34% | -7.98% |