LFSC vs. ZMUN
LFSC (F/m Emerald Life Sciences Innovation ETF) and ZMUN (F/m Ultrashort Tax-Free Municipal ETF) are both exchange-traded funds - LFSC is a Health & Biotech Equities fund actively managed by F/m Investments, while ZMUN is a Municipal Bonds fund tracking the Bloomberg Municipal Bond Currently Callable Index. LFSC is actively managed, while ZMUN is passively managed. At a 0.01 correlation, their price movements are largely independent. LFSC charges 0.54%/yr vs 0.30%/yr for ZMUN.
Performance
LFSC vs. ZMUN - Performance Comparison
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Returns By Period
In the year-to-date period, LFSC achieves a 3.84% return, which is significantly higher than ZMUN's 1.57% return.
LFSC
- 1D
- 1.08%
- 1M
- -1.63%
- YTD
- 3.84%
- 6M
- 1.68%
- 1Y
- 58.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZMUN
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 1.57%
- 6M
- 1.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LFSC vs. ZMUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LFSC F/m Emerald Life Sciences Innovation ETF | 3.84% | 23.14% |
ZMUN F/m Ultrashort Tax-Free Municipal ETF | 1.57% | 0.73% |
Correlation
The correlation between LFSC and ZMUN is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.01 |
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Return for Risk
LFSC vs. ZMUN — Risk / Return Rank
LFSC
ZMUN
LFSC vs. ZMUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Emerald Life Sciences Innovation ETF (LFSC) and F/m Ultrashort Tax-Free Municipal ETF (ZMUN). 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.
| LFSC | ZMUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | — | — |
| Martin ratioReturn relative to average drawdown | 10.14 | — | — |
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
| LFSC | ZMUN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 6.46 | -5.38 |
Drawdowns
LFSC vs. ZMUN - Drawdown Comparison
The maximum LFSC drawdown since its inception was -29.74%, which is greater than ZMUN's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for LFSC and ZMUN.
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Drawdown Indicators
| LFSC | ZMUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -0.09% | -29.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | — | — |
Current DrawdownCurrent decline from peak | -3.57% | -0.02% | -3.55% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -0.01% | -7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | — | — |
Volatility
LFSC vs. ZMUN - Volatility Comparison
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Volatility by Period
| LFSC | ZMUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.01% | 0.54% | +25.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.90% | 0.54% | +28.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.90% | 0.54% | +28.36% |
LFSC vs. ZMUN - Expense Ratio Comparison
LFSC has a 0.54% expense ratio, which is higher than ZMUN's 0.30% expense ratio.
Dividends
LFSC vs. ZMUN - Dividend Comparison
LFSC has not paid dividends to shareholders, while ZMUN's dividend yield for the trailing twelve months is around 2.28%.
| Position | TTM | 2025 |
|---|---|---|
LFSC F/m Emerald Life Sciences Innovation ETF | 0.00% | 0.00% |
ZMUN F/m Ultrashort Tax-Free Municipal ETF | 2.28% | 0.70% |
Frequently Asked Questions
LFSC and ZMUN have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZMUN is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZMUN is cheaper with a 0.30% expense ratio, compared with 0.54% for LFSC.
ZMUN has the higher dividend yield at 2.28%, compared with 0.00% for LFSC.
LFSC is categorized as Health & Biotech Equities, while ZMUN is Municipal Bonds. Their fees differ too: 0.54% for LFSC and 0.30% for ZMUN.
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