FUMB vs. IBMP
FUMB (First Trust Ultra Short Duration Municipal ETF) and IBMP (iShares iBonds Dec 2027 Term Muni Bond ETF) are both Municipal Bonds funds. FUMB is actively managed, while IBMP is passively managed. Over the past 5 years, FUMB returned 1.96%/yr vs 0.59%/yr for IBMP. At a 0.21 correlation, their price movements are largely independent. FUMB charges 0.45%/yr vs 0.18%/yr for IBMP.
Performance
FUMB vs. IBMP - Performance Comparison
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Returns By Period
In the year-to-date period, FUMB achieves a 1.07% return, which is significantly higher than IBMP's 0.89% return.
FUMB
- 1D
- -0.03%
- 1M
- 0.15%
- YTD
- 1.07%
- 6M
- 1.30%
- 1Y
- 2.55%
- 3Y*
- 2.98%
- 5Y*
- 1.96%
- 10Y*
- —
IBMP
- 1D
- 0.00%
- 1M
- 0.21%
- YTD
- 0.89%
- 6M
- 1.26%
- 1Y
- 3.04%
- 3Y*
- 2.97%
- 5Y*
- 0.59%
- 10Y*
- —
FUMB vs. IBMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 1.07% | 2.78% | 3.05% | 2.84% | -0.03% | 0.38% | 1.25% | 1.54% |
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 0.89% | 3.52% | 1.26% | 3.49% | -6.09% | -0.16% | 6.22% | 4.88% |
Correlation
The correlation between FUMB and IBMP is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.21 |
The correlation between FUMB and IBMP shifts across timeframes, from 0.15 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FUMB vs. IBMP — Risk / Return Rank
FUMB
IBMP
FUMB vs. IBMP - 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 2027 Term Muni Bond ETF (IBMP). 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 | IBMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.60 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 11.70 | 5.14 | +6.56 |
| Martin ratioReturn relative to average drawdown | 44.37 | 14.24 | +30.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUMB | IBMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.38 | 2.83 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.70 | 0.23 | +1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.38 | +0.62 |
Drawdowns
FUMB vs. IBMP - Drawdown Comparison
The maximum FUMB drawdown since its inception was -2.68%, smaller than the maximum IBMP drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for FUMB and IBMP.
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Drawdown Indicators
| FUMB | IBMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -15.24% | +12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -0.59% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.60% | -2.63% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -1.25% | -10.00% | +8.75% |
Current DrawdownCurrent decline from peak | -0.03% | -0.01% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -2.72% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.21% | -0.15% |
Volatility
FUMB vs. IBMP - Volatility Comparison
The current volatility for First Trust Ultra Short Duration Municipal ETF (FUMB) is 0.20%, while iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) has a volatility of 0.27%. This indicates that FUMB experiences smaller price fluctuations and is considered to be less risky than IBMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUMB | IBMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.27% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.53% | 0.79% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.76% | 1.08% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.16% | 2.56% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 5.01% | -3.24% |
FUMB vs. IBMP - Expense Ratio Comparison
FUMB has a 0.45% expense ratio, which is higher than IBMP's 0.18% expense ratio.
Dividends
FUMB vs. IBMP - Dividend Comparison
FUMB's dividend yield for the trailing twelve months is around 2.80%, more than IBMP's 2.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.80% | 2.90% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% |
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 2.50% | 2.47% | 2.35% | 2.05% | 1.26% | 0.86% | 1.16% | 1.06% | 0.00% |
Frequently Asked Questions
FUMB and IBMP have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBMP has higher volatility (0.27%) compared to FUMB (0.20%). In terms of maximum drawdown, FUMB dropped -2.68% vs IBMP's -15.24%.
On 5-year performance, FUMB leads with 1.96% vs 0.59% for IBMP. On fees, IBMP 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 1.96% return vs 0.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMP is cheaper with a 0.18% expense ratio, compared with 0.45% for FUMB.
FUMB has the higher dividend yield at 2.80%, compared with 2.50% for IBMP.
They also come from different issuers: First Trust and iShares. Their fees differ too: 0.45% for FUMB and 0.18% for IBMP.
FUMB currently has the higher Sharpe Ratio (3.38 vs 2.83), 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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