MUB vs. FSMB
Compare and contrast key facts about iShares National AMT-Free Muni Bond ETF (MUB) and First Trust Short Duration Managed Municipal ETF (FSMB).
MUB and FSMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FSMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUB or FSMB.
Correlation
The correlation between MUB and FSMB is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MUB vs. FSMB - Performance Comparison
Key characteristics
MUB:
0.21
FSMB:
1.37
MUB:
0.30
FSMB:
1.85
MUB:
1.04
FSMB:
1.30
MUB:
0.20
FSMB:
1.76
MUB:
0.66
FSMB:
7.49
MUB:
1.47%
FSMB:
0.41%
MUB:
4.75%
FSMB:
2.26%
MUB:
-13.68%
FSMB:
-6.32%
MUB:
-2.94%
FSMB:
-0.70%
Returns By Period
In the year-to-date period, MUB achieves a -1.36% return, which is significantly lower than FSMB's 0.53% return.
MUB
-1.36%
-1.38%
-1.43%
0.53%
0.88%
1.94%
FSMB
0.53%
-0.67%
0.68%
2.83%
1.73%
N/A
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MUB vs. FSMB - Expense Ratio Comparison
MUB has a 0.07% expense ratio, which is lower than FSMB's 0.45% expense ratio.
Risk-Adjusted Performance
MUB vs. FSMB — Risk-Adjusted Performance Rank
MUB
FSMB
MUB vs. FSMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares National AMT-Free Muni Bond ETF (MUB) and First Trust Short Duration Managed Municipal ETF (FSMB). 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
MUB vs. FSMB - Dividend Comparison
MUB's dividend yield for the trailing twelve months is around 3.15%, more than FSMB's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | 3.15% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
FSMB First Trust Short Duration Managed Municipal ETF | 3.02% | 2.88% | 2.40% | 1.47% | 1.20% | 1.79% | 2.27% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MUB vs. FSMB - Drawdown Comparison
The maximum MUB drawdown since its inception was -13.68%, which is greater than FSMB's maximum drawdown of -6.32%. Use the drawdown chart below to compare losses from any high point for MUB and FSMB. For additional features, visit the drawdowns tool.
Volatility
MUB vs. FSMB - Volatility Comparison
iShares National AMT-Free Muni Bond ETF (MUB) has a higher volatility of 2.97% compared to First Trust Short Duration Managed Municipal ETF (FSMB) at 1.58%. This indicates that MUB's price experiences larger fluctuations and is considered to be riskier than FSMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.