FUMB vs. NFTY
FUMB (First Trust Ultra Short Duration Municipal ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FUMB is a Municipal Bonds fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. FUMB is actively managed, while NFTY is passively managed. Over the past 5 years, FUMB returned 2.01%/yr vs 5.79%/yr for NFTY. At a 0.01 correlation, their price movements are largely independent. FUMB charges 0.45%/yr vs 0.80%/yr for NFTY.
Performance
FUMB vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, FUMB achieves a 1.30% return, which is significantly higher than NFTY's -7.30% return.
FUMB
- 1D
- -0.10%
- 1M
- 0.30%
- YTD
- 1.30%
- 6M
- 1.25%
- 1Y
- 2.65%
- 3Y*
- 2.97%
- 5Y*
- 2.01%
- 10Y*
- —
NFTY
- 1D
- -1.31%
- 1M
- 1.01%
- YTD
- -7.30%
- 6M
- -7.62%
- 1Y
- -6.58%
- 3Y*
- 6.30%
- 5Y*
- 5.79%
- 10Y*
- 8.36%
FUMB vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 1.30% | 2.78% | 3.05% | 2.84% | -0.03% | 0.38% | 1.25% | 1.76% | 0.35% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -7.30% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | 8.38% |
Correlation
The correlation between FUMB and NFTY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.01 |
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Return for Risk
FUMB vs. NFTY — Risk / Return Rank
FUMB
NFTY
FUMB vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Ultra Short Duration Municipal ETF (FUMB) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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 | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.86 | ||
| Sortino ratioReturn per unit of downside risk | +5.94 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 0.94 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 12.17 | -0.41 | +12.58 |
| Martin ratioReturn relative to average drawdown | 45.58 | -1.01 | +46.58 |
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Drawdowns
FUMB vs. NFTY - Drawdown Comparison
The maximum FUMB drawdown since its inception was -2.68%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FUMB and NFTY.
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Drawdown Indicators
| FUMB | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -47.67% | +44.99% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -16.14% | +15.92% |
Max Drawdown (3Y)Largest decline over 3 years | -0.60% | -21.55% | +20.95% |
Max Drawdown (5Y)Largest decline over 5 years | -1.25% | -21.55% | +20.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -0.10% | -15.26% | +15.16% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -9.60% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 6.56% | -6.50% |
Volatility
FUMB vs. NFTY - Volatility Comparison
The current volatility for First Trust Ultra Short Duration Municipal ETF (FUMB) is 0.24%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.23%. This indicates that FUMB experiences smaller price fluctuations and is considered to be less risky than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUMB | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 4.23% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 12.75% | -12.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.78% | 14.75% | -13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.17% | 17.41% | -16.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 20.72% | -18.96% |
FUMB vs. NFTY - Expense Ratio Comparison
FUMB has a 0.45% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
FUMB vs. NFTY - Dividend Comparison
FUMB's dividend yield for the trailing twelve months is around 2.79%, more than NFTY's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.79% | 2.90% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.91% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Frequently Asked Questions
FUMB and NFTY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.23%) compared to FUMB (0.24%). In terms of maximum drawdown, FUMB dropped -2.68% vs NFTY's -47.67%.
On 5-year performance, NFTY leads with 5.79% vs 2.01% for FUMB. On fees, FUMB is cheaper at 0.45% per year. On volatility, FUMB has been the lower-risk option at 0.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NFTY has performed better with a 5.79% return vs 2.01%. 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 0.80% for NFTY.
FUMB has the higher dividend yield at 2.79%, compared with 1.91% for NFTY.
FUMB is categorized as Municipal Bonds, while NFTY is Asia Pacific Equities. Their fees differ too: 0.45% for FUMB and 0.80% for NFTY.
FUMB currently has the higher Sharpe Ratio (3.41 vs -0.45), 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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