Correlation
The correlation between FUMB and SUB is 0.03, 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.
FUMB vs. SUB
Compare and contrast key facts about First Trust Ultra Short Duration Municipal ETF (FUMB) and iShares Short-Term National Muni Bond ETF (SUB).
FUMB and SUB 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. SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMB or SUB.
Performance
FUMB vs. SUB - Performance Comparison
Loading data...
Key characteristics
FUMB:
2.73
SUB:
2.22
FUMB:
3.85
SUB:
2.80
FUMB:
1.59
SUB:
1.52
FUMB:
5.39
SUB:
3.17
FUMB:
24.91
SUB:
10.96
FUMB:
0.13%
SUB:
0.36%
FUMB:
1.19%
SUB:
1.81%
FUMB:
-2.68%
SUB:
-9.46%
FUMB:
0.00%
SUB:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with FUMB having a 1.20% return and SUB slightly higher at 1.22%.
FUMB
1.20%
0.40%
1.38%
3.18%
2.61%
1.65%
N/A
SUB
1.22%
0.62%
1.28%
3.99%
2.19%
1.02%
1.30%
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. SUB - Expense Ratio Comparison
FUMB has a 0.35% expense ratio, which is higher than SUB's 0.07% expense ratio.
Risk-Adjusted Performance
FUMB vs. SUB — Risk-Adjusted Performance Rank
FUMB
SUB
FUMB vs. SUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Ultra Short Duration Municipal ETF (FUMB) and iShares Short-Term National Muni Bond ETF (SUB). 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.
Loading data...
Dividends
FUMB vs. SUB - Dividend Comparison
FUMB's dividend yield for the trailing twelve months is around 3.01%, more than SUB's 2.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 3.01% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
SUB iShares Short-Term National Muni Bond ETF | 2.20% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% |
Drawdowns
FUMB vs. SUB - Drawdown Comparison
The maximum FUMB drawdown since its inception was -2.68%, smaller than the maximum SUB drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for FUMB and SUB.
Loading data...
Volatility
FUMB vs. SUB - Volatility Comparison
First Trust Ultra Short Duration Municipal ETF (FUMB) and iShares Short-Term National Muni Bond ETF (SUB) have volatilities of 0.26% and 0.25%, 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.
Loading data...