GENM vs. MUB
GENM (Genter Capital Municipal Quality Intermediate ETF) and MUB (iShares National AMT-Free Muni Bond ETF) are both Municipal Bonds funds. GENM is actively managed, while MUB is passively managed. Over the past year, GENM returned 4.35% vs 6.40% for MUB. A 0.57 correlation means they provide meaningful diversification when combined. GENM charges 0.39%/yr vs 0.07%/yr for MUB.
Performance
GENM vs. MUB - Performance Comparison
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Returns By Period
In the year-to-date period, GENM achieves a 1.28% return, which is significantly lower than MUB's 1.48% return.
GENM
- 1D
- 0.10%
- 1M
- 0.62%
- YTD
- 1.28%
- 6M
- 1.41%
- 1Y
- 4.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUB
- 1D
- -0.06%
- 1M
- 1.29%
- YTD
- 1.48%
- 6M
- 1.78%
- 1Y
- 6.40%
- 3Y*
- 3.19%
- 5Y*
- 0.93%
- 10Y*
- 1.90%
GENM vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GENM Genter Capital Municipal Quality Intermediate ETF | 1.28% | 5.10% | 2.19% |
MUB iShares National AMT-Free Muni Bond ETF | 1.48% | 3.78% | 2.11% |
Correlation
The correlation between GENM and MUB is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.57 |
The correlation between GENM and MUB shifts across timeframes, from 0.41 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GENM vs. MUB — Risk / Return Rank
GENM
MUB
GENM vs. MUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) and iShares National AMT-Free Muni Bond ETF (MUB). 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.
| GENM | MUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.46 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.31 | -0.28 |
| Martin ratioReturn relative to average drawdown | 6.30 | 8.02 | -1.72 |
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Drawdowns
GENM vs. MUB - Drawdown Comparison
The maximum GENM drawdown since its inception was -2.41%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for GENM and MUB.
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Drawdown Indicators
| GENM | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.41% | -13.68% | +11.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -2.79% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.47% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -2.23% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.80% | -0.11% |
Volatility
GENM vs. MUB - Volatility Comparison
Genter Capital Municipal Quality Intermediate ETF (GENM) has a higher volatility of 0.84% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 0.77%. This indicates that GENM's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GENM | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.77% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 2.27% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 2.88% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.15% | 4.07% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 4.92% | -1.77% |
GENM vs. MUB - Expense Ratio Comparison
GENM has a 0.39% expense ratio, which is higher than MUB's 0.07% expense ratio.
Dividends
GENM vs. MUB - Dividend Comparison
GENM's dividend yield for the trailing twelve months is around 2.93%, less than MUB's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GENM Genter Capital Municipal Quality Intermediate ETF | 2.93% | 2.88% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.17% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
Frequently Asked Questions
GENM and MUB have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GENM has higher volatility (0.84%) compared to MUB (0.77%). In terms of maximum drawdown, GENM dropped -2.41% vs MUB's -13.68%.
On 1-year performance, MUB leads with 6.40% vs 4.35% for GENM. On fees, MUB is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUB has performed better with a 6.40% return vs 4.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUB is cheaper with a 0.07% expense ratio, compared with 0.39% for GENM.
MUB has the higher dividend yield at 3.17%, compared with 2.93% for GENM.
They also come from different issuers: Genter Capital and iShares. Their fees differ too: 0.39% for GENM and 0.07% for MUB.
MUB currently has the higher Sharpe Ratio (2.23 vs 1.52), 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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