JMUB vs. FICNX
JMUB (JPMorgan Municipal ETF) and FICNX (Fidelity Connecticut Municipal Income Fund) are both Municipal Bonds funds. Over the past 5 years, JMUB returned 0.80%/yr vs 0.45%/yr for FICNX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. JMUB charges 0.18%/yr vs 0.48%/yr for FICNX.
Performance
JMUB vs. FICNX - Performance Comparison
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Returns By Period
In the year-to-date period, JMUB achieves a 0.28% return, which is significantly higher than FICNX's -0.39% return.
JMUB
- 1D
- -0.11%
- 1M
- -1.60%
- 6M
- -0.39%
- YTD
- 0.28%
- 1Y
- 4.03%
- 3Y*
- 3.28%
- 5Y*
- 0.80%
- 10Y*
- —
- ALL TIME*
- 2.86%
FICNX
- 1D
- -0.18%
- 1M
- -1.89%
- 6M
- -1.21%
- YTD
- -0.39%
- 1Y
- 3.40%
- 3Y*
- 3.11%
- 5Y*
- 0.45%
- 10Y*
- 1.65%
- ALL TIME*
- 4.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $53.39M | $63.40M | $50.76M |
JMUB vs. FICNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | 0.28% | 4.34% | 1.88% | 5.96% | -7.43% | 1.58% | 4.98% | 8.37% | 2.95% |
FICNX Fidelity Connecticut Municipal Income Fund | -0.39% | 5.59% | 0.56% | 6.29% | -8.80% | 1.56% | 4.05% | 8.26% | 2.11% |
Correlation
The correlation between JMUB and FICNX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2018 | 0.70 |
The correlation between JMUB and FICNX has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
JMUB vs. FICNX — Risk / Return Rank
JMUB
FICNX
JMUB vs. FICNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) and Fidelity Connecticut Municipal Income Fund (FICNX). 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.
| JMUB | FICNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.46 | +0.33 |
| Martin ratioReturn relative to average drawdown | 5.81 | 4.24 | +1.57 |
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Drawdowns
JMUB vs. FICNX - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, smaller than the maximum FICNX drawdown of -13.29%. Use the drawdown chart below to compare losses from any high point for JMUB and FICNX.
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Drawdown Indicators
| JMUB | FICNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.50% | -13.29% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -2.84% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -4.21% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | -13.29% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.29% | — |
Current DrawdownCurrent decline from peak | -1.64% | -2.26% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -1.71% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.97% | -0.19% |
Volatility
JMUB vs. FICNX - Volatility Comparison
JPMorgan Municipal ETF (JMUB) and Fidelity Connecticut Municipal Income Fund (FICNX) have volatilities of 0.88% and 0.87%, 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.
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Volatility by Period
| JMUB | FICNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.87% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 2.06% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 2.50% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 3.55% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 3.75% | +0.37% |
JMUB vs. FICNX - Expense Ratio Comparison
JMUB has a 0.18% expense ratio, which is lower than FICNX's 0.48% expense ratio.
Dividends
JMUB vs. FICNX - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.65%, more than FICNX's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICNX Fidelity Connecticut Municipal Income Fund | 2.36% | 3.18% | 2.40% | 2.43% | 1.73% | 1.98% | 2.59% | 2.77% | 2.52% | 3.05% | 4.27% | 3.26% |
JMUB JPMorgan Municipal ETF | 3.36% | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMUB and FICNX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMUB has higher volatility (0.88%) compared to FICNX (0.87%). In terms of maximum drawdown, JMUB dropped -12.50% vs FICNX's -13.29%.
JMUB currently has the higher Sharpe Ratio (1.83 vs 1.65), 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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