FUMB vs. IBMO
FUMB (First Trust Ultra Short Duration Municipal ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both Municipal Bonds funds. FUMB is actively managed, while IBMO is passively managed. Over the past 5 years, FUMB returned 1.99%/yr vs 0.62%/yr for IBMO. Their 0.20 correlation means their historical movements had little consistent relationship. FUMB charges 0.45%/yr vs 0.18%/yr for IBMO.
Performance
FUMB vs. IBMO - Performance Comparison
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Returns By Period
In the year-to-date period, FUMB achieves a 1.39% return, which is significantly higher than IBMO's 1.22% return.
FUMB
- 1D
- -0.07%
- 1M
- -0.01%
- 6M
- 0.86%
- YTD
- 1.39%
- 1Y
- 2.19%
- 3Y*
- 2.92%
- 5Y*
- 1.99%
- 10Y*
- —
- ALL TIME*
- 1.78%
IBMO
- 1D
- -0.04%
- 1M
- 0.16%
- 6M
- 1.09%
- YTD
- 1.22%
- 1Y
- 2.34%
- 3Y*
- 3.01%
- 5Y*
- 0.62%
- 10Y*
- —
- ALL TIME*
- 1.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $985.06K | $934.27K | $1.49M | |
| $1.89M | $1.94M | $1.71M |
FUMB vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 1.39% | 2.78% | 3.05% | 2.84% | -0.03% | 0.38% | 1.25% | 1.59% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 1.22% | 3.11% | 1.97% | 2.90% | -5.36% | -0.16% | 5.48% | 4.69% |
Correlation
The correlation between FUMB and IBMO is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019 | 0.20 |
The correlation between FUMB and IBMO shifts across timeframes, from 0.13 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FUMB vs. IBMO — Risk / Return Rank
FUMB
IBMO
FUMB vs. IBMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Ultra Short Duration Municipal ETF (FUMB) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FUMB | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.41 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 9.61 | 6.22 | +3.40 |
| Martin ratioReturn relative to average drawdown | 32.75 | 18.35 | +14.39 |
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Drawdowns
FUMB vs. IBMO - Drawdown Comparison
The maximum FUMB drawdown since its inception was -2.68%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for FUMB and IBMO.
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Drawdown Indicators
| FUMB | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -14.77% | +12.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -0.38% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -0.60% | -1.21% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -1.25% | -8.77% | +7.52% |
Current DrawdownCurrent decline from peak | -0.23% | -0.04% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -2.27% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.13% | -0.06% |
Volatility
FUMB vs. IBMO - Volatility Comparison
First Trust Ultra Short Duration Municipal ETF (FUMB) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) have volatilities of 0.35% and 0.36%, 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.
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Volatility by Period
| FUMB | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 0.36% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 0.72% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 1.14% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.18% | 2.14% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.75% | 4.47% | -2.72% |
FUMB vs. IBMO - Expense Ratio Comparison
FUMB has a 0.45% expense ratio, which is higher than IBMO's 0.18% expense ratio.
Dividends
FUMB vs. IBMO - Dividend Comparison
FUMB's dividend yield for the trailing twelve months is around 2.75%, more than IBMO's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.75% | 2.90% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.40% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% | 0.00% |
Frequently Asked Questions
FUMB and IBMO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBMO has higher volatility (0.36%) compared to FUMB (0.35%). In terms of maximum drawdown, FUMB dropped -2.68% vs IBMO's -14.77%.
On 5-year performance, FUMB leads with 1.99% vs 0.62% for IBMO. On fees, IBMO is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FUMB has performed better with a 1.99% return vs 0.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.45% for FUMB.
FUMB has the higher dividend yield at 2.75%, compared with 2.40% for IBMO.
They also come from different issuers: First Trust and iShares. Their fees differ too: 0.45% for FUMB and 0.18% for IBMO.
FUMB currently has the higher Sharpe Ratio (2.63 vs 2.06), 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.
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