FUMB vs. KNG
FUMB (First Trust Ultra Short Duration Municipal ETF) and KNG (FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF) are both exchange-traded funds - FUMB is a Municipal Bonds fund actively managed by First Trust, while KNG is a Dividend fund tracking the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series. FUMB is actively managed, while KNG is passively managed. Over the past 5 years, FUMB returned 1.96%/yr vs 4.31%/yr for KNG. At a 0.03 correlation, their price movements are largely independent. FUMB charges 0.45%/yr vs 0.75%/yr for KNG.
Performance
FUMB vs. KNG - Performance Comparison
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Returns By Period
In the year-to-date period, FUMB achieves a 1.07% return, which is significantly lower than KNG's 2.20% return.
FUMB
- 1D
- -0.03%
- 1M
- 0.15%
- YTD
- 1.07%
- 6M
- 1.30%
- 1Y
- 2.55%
- 3Y*
- 2.98%
- 5Y*
- 1.96%
- 10Y*
- —
KNG
- 1D
- -0.04%
- 1M
- 0.89%
- YTD
- 2.20%
- 6M
- 2.33%
- 1Y
- 7.44%
- 3Y*
- 7.06%
- 5Y*
- 4.31%
- 10Y*
- —
FUMB vs. KNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 1.07% | 2.78% | 3.05% | 2.84% | -0.03% | 0.38% | 1.25% | 1.76% | 0.30% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 2.20% | 6.63% | 5.99% | 7.48% | -7.03% | 24.78% | 7.21% | 26.64% | -5.79% |
Correlation
The correlation between FUMB and KNG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.03 |
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Return for Risk
FUMB vs. KNG — Risk / Return Rank
FUMB
KNG
FUMB vs. KNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Ultra Short Duration Municipal ETF (FUMB) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG). 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 | KNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.13 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 11.70 | 0.87 | +10.83 |
| Martin ratioReturn relative to average drawdown | 44.37 | 2.25 | +42.12 |
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 | KNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.38 | 0.73 | +2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.70 | 0.32 | +1.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.49 | +0.51 |
Drawdowns
FUMB vs. KNG - Drawdown Comparison
The maximum FUMB drawdown since its inception was -2.68%, smaller than the maximum KNG drawdown of -35.12%. Use the drawdown chart below to compare losses from any high point for FUMB and KNG.
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Drawdown Indicators
| FUMB | KNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -35.12% | +32.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -8.61% | +8.39% |
Max Drawdown (3Y)Largest decline over 3 years | -0.60% | -14.24% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -1.25% | -18.20% | +16.95% |
Current DrawdownCurrent decline from peak | -0.03% | -5.89% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -4.13% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 3.32% | -3.26% |
Volatility
FUMB vs. KNG - Volatility Comparison
The current volatility for First Trust Ultra Short Duration Municipal ETF (FUMB) is 0.20%, while FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) has a volatility of 2.29%. This indicates that FUMB experiences smaller price fluctuations and is considered to be less risky than KNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUMB | KNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 2.29% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.53% | 7.39% | -6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.76% | 10.19% | -9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.16% | 13.59% | -12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 17.18% | -15.41% |
FUMB vs. KNG - Expense Ratio Comparison
FUMB has a 0.45% expense ratio, which is lower than KNG's 0.75% expense ratio.
Dividends
FUMB vs. KNG - Dividend Comparison
FUMB's dividend yield for the trailing twelve months is around 2.80%, less than KNG's 8.67% 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% |
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 8.67% | 8.61% | 9.08% | 5.91% | 4.00% | 3.45% | 3.62% | 4.09% | 3.46% |
Frequently Asked Questions
FUMB and KNG have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNG has higher volatility (2.29%) compared to FUMB (0.20%). In terms of maximum drawdown, FUMB dropped -2.68% vs KNG's -35.12%.
On 5-year performance, KNG leads with 4.31% vs 1.96% for FUMB. On fees, FUMB is cheaper at 0.45% per year. On volatility, FUMB has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KNG has performed better with a 4.31% return vs 1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FUMB is cheaper with a 0.45% expense ratio, compared with 0.75% for KNG.
KNG has the higher dividend yield at 8.67%, compared with 2.80% for FUMB.
FUMB is categorized as Municipal Bonds, while KNG is Dividend. Their fees differ too: 0.45% for FUMB and 0.75% for KNG.
FUMB currently has the higher Sharpe Ratio (3.38 vs 0.73), 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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