IYE vs. FMUB
IYE (iShares U.S. Energy ETF) and FMUB (Fidelity Municipal Bond Opportunities ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index, while FMUB is a Municipal Bonds fund actively managed by Fidelity. IYE is passively managed, while FMUB is actively managed. Over the past year, IYE returned 42.12% vs 4.81% for FMUB. Their -0.20 correlation means they have often moved in opposite directions in the past. IYE charges 0.42%/yr vs 0.30%/yr for FMUB.
Performance
IYE vs. FMUB - Performance Comparison
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Returns By Period
In the year-to-date period, IYE achieves a 34.19% return, which is significantly higher than FMUB's 0.94% return.
IYE
- 1D
- 0.93%
- 1M
- 11.26%
- 6M
- 18.18%
- YTD
- 34.19%
- 1Y
- 42.12%
- 3Y*
- 14.15%
- 5Y*
- 22.44%
- 10Y*
- 9.34%
- ALL TIME*
- 7.51%
FMUB
- 1D
- -0.13%
- 1M
- -1.59%
- 6M
- 0.32%
- YTD
- 0.94%
- 1Y
- 4.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.86M | $2.43M | $1.70M | |
| $40.85M | $48.09M | $75.43M |
IYE vs. FMUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYE iShares U.S. Energy ETF | 34.19% | 16.48% |
FMUB Fidelity Municipal Bond Opportunities ETF | 0.94% | 4.69% |
Correlation
The correlation between IYE and FMUB is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | -0.20 |
The correlation between IYE and FMUB shifts across timeframes, from -0.31 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IYE vs. FMUB — Risk / Return Rank
IYE
FMUB
IYE vs. FMUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) and Fidelity Municipal Bond Opportunities ETF (FMUB). 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.
| IYE | FMUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.14 | +0.60 |
| Martin ratioReturn relative to average drawdown | 7.28 | 7.91 | -0.63 |
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Drawdowns
IYE vs. FMUB - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, which is greater than FMUB's maximum drawdown of -2.74%. Use the drawdown chart below to compare losses from any high point for IYE and FMUB.
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Drawdown Indicators
| IYE | FMUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -2.74% | -71.00% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -2.49% | -12.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | — | — |
Current DrawdownCurrent decline from peak | -4.14% | -1.62% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -19.30% | -0.48% | -18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 0.67% | +4.82% |
Volatility
IYE vs. FMUB - Volatility Comparison
iShares U.S. Energy ETF (IYE) has a higher volatility of 5.72% compared to Fidelity Municipal Bond Opportunities ETF (FMUB) at 0.86%. This indicates that IYE's price experiences larger fluctuations and is considered to be riskier than FMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYE | FMUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 0.86% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 2.19% | +14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.51% | 2.75% | +17.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.44% | 3.59% | +21.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.49% | 3.59% | +25.90% |
IYE vs. FMUB - Expense Ratio Comparison
IYE has a 0.42% expense ratio, which is higher than FMUB's 0.30% expense ratio.
Dividends
IYE vs. FMUB - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.12%, less than FMUB's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMUB Fidelity Municipal Bond Opportunities ETF | 3.55% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYE iShares U.S. Energy ETF | 2.12% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
Frequently Asked Questions
IYE and FMUB have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYE has higher volatility (5.72%) compared to FMUB (0.86%). In terms of maximum drawdown, IYE dropped -73.74% vs FMUB's -2.74%.
On 1-year performance, IYE leads with 42.12% vs 4.81% for FMUB. On fees, FMUB is cheaper at 0.30% per year. On volatility, FMUB has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYE has performed better with a 42.12% return vs 4.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FMUB is cheaper with a 0.30% expense ratio, compared with 0.42% for IYE.
FMUB has the higher dividend yield at 3.55%, compared with 2.12% for IYE.
IYE is categorized as Energy Equities, while FMUB is Municipal Bonds. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.42% for IYE and 0.30% for FMUB.
FMUB currently has the higher Sharpe Ratio (1.96 vs 1.95), 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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