ITM vs. FUMB
Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and First Trust Ultra Short Duration Municipal ETF (FUMB).
ITM and FUMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. FUMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018.
Performance
ITM vs. FUMB - Performance Comparison
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ITM vs. FUMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | -0.78% | 5.34% | 0.73% | 5.69% | -9.33% | 0.21% | 5.87% | 8.46% | 3.81% |
FUMB First Trust Ultra Short Duration Municipal ETF | 0.69% | 2.78% | 3.05% | 2.84% | -0.03% | 0.38% | 1.25% | 1.76% | 0.30% |
Returns By Period
In the year-to-date period, ITM achieves a -0.78% return, which is significantly lower than FUMB's 0.69% return.
ITM
- 1D
- 0.31%
- 1M
- -2.46%
- YTD
- -0.78%
- 6M
- 1.21%
- 1Y
- 5.00%
- 3Y*
- 2.85%
- 5Y*
- 0.46%
- 10Y*
- 1.95%
FUMB
- 1D
- 0.05%
- 1M
- 0.03%
- YTD
- 0.69%
- 6M
- 1.13%
- 1Y
- 2.65%
- 3Y*
- 2.93%
- 5Y*
- 1.93%
- 10Y*
- —
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ITM vs. FUMB - Expense Ratio Comparison
ITM has a 0.24% expense ratio, which is lower than FUMB's 0.45% expense ratio.
Return for Risk
ITM vs. FUMB — Risk / Return Rank
ITM
FUMB
ITM vs. FUMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) and First Trust Ultra Short Duration Municipal ETF (FUMB). 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.
| ITM | FUMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 2.59 | -1.40 |
Sortino ratioReturn per unit of downside risk | 1.49 | 3.52 | -2.04 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.63 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 4.53 | -2.96 |
Martin ratioReturn relative to average drawdown | 5.30 | 21.74 | -16.44 |
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
| ITM | FUMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.59 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.66 | -1.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.99 | -0.56 |
Correlation
The correlation between ITM and FUMB is 0.22, 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.
Dividends
ITM vs. FUMB - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.95%, more than FUMB's 2.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.95% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
FUMB First Trust Ultra Short Duration Municipal ETF | 2.84% | 2.90% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITM vs. FUMB - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, which is greater than FUMB's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for ITM and FUMB.
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Drawdown Indicators
| ITM | FUMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -2.68% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -0.60% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | -1.25% | -13.86% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -0.17% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -0.19% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.12% | +0.90% |
Volatility
ITM vs. FUMB - Volatility Comparison
VanEck Intermediate Muni ETF (ITM) has a higher volatility of 1.34% compared to First Trust Ultra Short Duration Municipal ETF (FUMB) at 0.25%. This indicates that ITM's price experiences larger fluctuations and is considered to be riskier than FUMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITM | FUMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.25% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 0.58% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 1.03% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 1.17% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 1.78% | +5.31% |