FUMB vs. CA
Compare and contrast key facts about First Trust Ultra Short Duration Municipal ETF (FUMB) and Xtrackers California Municipal Bond ETF (CA).
FUMB and CA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FUMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018. CA is a passively managed fund by Xtrackers that tracks the performance of the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. It was launched on Dec 13, 2023.
Performance
FUMB vs. CA - Performance Comparison
Loading graphics...
FUMB vs. CA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 0.64% | 2.78% | 3.05% | -0.10% |
CA Xtrackers California Municipal Bond ETF | -0.08% | 3.05% | 1.51% | 0.79% |
Returns By Period
In the year-to-date period, FUMB achieves a 0.64% return, which is significantly higher than CA's -0.08% return.
FUMB
- 1D
- -0.10%
- 1M
- -0.07%
- YTD
- 0.64%
- 6M
- 1.13%
- 1Y
- 2.65%
- 3Y*
- 2.91%
- 5Y*
- 1.92%
- 10Y*
- —
CA
- 1D
- 0.38%
- 1M
- -2.00%
- YTD
- -0.08%
- 6M
- 1.22%
- 1Y
- 3.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FUMB vs. CA - Expense Ratio Comparison
FUMB has a 0.45% expense ratio, which is higher than CA's 0.07% expense ratio.
Return for Risk
FUMB vs. CA — Risk / Return Rank
FUMB
CA
FUMB vs. CA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Ultra Short Duration Municipal ETF (FUMB) and Xtrackers California Municipal Bond ETF (CA). 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.
| FUMB | CA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 0.89 | +1.71 |
Sortino ratioReturn per unit of downside risk | 3.52 | 1.17 | +2.36 |
Omega ratioGain probability vs. loss probability | 1.63 | 1.21 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 4.57 | 1.17 | +3.40 |
Martin ratioReturn relative to average drawdown | 22.03 | 3.35 | +18.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FUMB | CA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 0.89 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.57 | +0.42 |
Correlation
The correlation between FUMB and CA is 0.24, 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.
Dividends
FUMB vs. CA - Dividend Comparison
FUMB's dividend yield for the trailing twelve months is around 2.84%, less than CA's 3.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.84% | 2.90% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% |
CA Xtrackers California Municipal Bond ETF | 3.20% | 3.14% | 3.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FUMB vs. CA - Drawdown Comparison
The maximum FUMB drawdown since its inception was -2.68%, smaller than the maximum CA drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for FUMB and CA.
Loading graphics...
Drawdown Indicators
| FUMB | CA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -5.24% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -0.60% | -3.67% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -1.25% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -2.00% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -1.30% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.28% | -1.16% |
Volatility
FUMB vs. CA - Volatility Comparison
The current volatility for First Trust Ultra Short Duration Municipal ETF (FUMB) is 0.25%, while Xtrackers California Municipal Bond ETF (CA) has a volatility of 1.31%. This indicates that FUMB experiences smaller price fluctuations and is considered to be less risky than CA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FUMB | CA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 1.31% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.58% | 1.78% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 4.40% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.18% | 4.09% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.78% | 4.09% | -2.31% |