MUB vs. FUMB
Compare and contrast key facts about iShares National AMT-Free Muni Bond ETF (MUB) and First Trust Ultra Short Duration Municipal ETF (FUMB).
MUB and FUMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007. FUMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018.
Performance
MUB vs. FUMB - Performance Comparison
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MUB vs. FUMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | -0.37% | 3.78% | 1.26% | 5.56% | -7.34% | 1.02% | 5.12% | 7.06% | 2.74% |
FUMB First Trust Ultra Short Duration Municipal ETF | 0.64% | 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, MUB achieves a -0.37% return, which is significantly lower than FUMB's 0.64% return.
MUB
- 1D
- 0.19%
- 1M
- -2.28%
- YTD
- -0.37%
- 6M
- 1.28%
- 1Y
- 3.94%
- 3Y*
- 2.53%
- 5Y*
- 0.79%
- 10Y*
- 1.96%
FUMB
- 1D
- -0.10%
- 1M
- -0.07%
- YTD
- 0.64%
- 6M
- 1.13%
- 1Y
- 2.65%
- 3Y*
- 2.91%
- 5Y*
- 1.92%
- 10Y*
- —
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MUB vs. FUMB - Expense Ratio Comparison
MUB has a 0.07% expense ratio, which is lower than FUMB's 0.45% expense ratio.
Return for Risk
MUB vs. FUMB — Risk / Return Rank
MUB
FUMB
MUB vs. FUMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares National AMT-Free Muni Bond ETF (MUB) 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.
| MUB | FUMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 2.59 | -1.64 |
Sortino ratioReturn per unit of downside risk | 1.25 | 3.52 | -2.27 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.63 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 4.57 | -3.30 |
Martin ratioReturn relative to average drawdown | 4.07 | 22.03 | -17.96 |
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
| MUB | FUMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.59 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.65 | -1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.98 | -0.41 |
Correlation
The correlation between MUB and FUMB is 0.24, 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
MUB vs. FUMB - Dividend Comparison
MUB's dividend yield for the trailing twelve months is around 3.19%, more than FUMB's 2.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUB iShares National AMT-Free Muni Bond ETF | 3.19% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
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
MUB vs. FUMB - Drawdown Comparison
The maximum MUB drawdown since its inception was -13.68%, which is greater than FUMB's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for MUB and FUMB.
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Drawdown Indicators
| MUB | FUMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.68% | -2.68% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -0.60% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -11.88% | -1.25% | -10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -13.68% | — | — |
Current DrawdownCurrent decline from peak | -2.28% | -0.22% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -0.19% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.12% | +0.91% |
Volatility
MUB vs. FUMB - Volatility Comparison
iShares National AMT-Free Muni Bond ETF (MUB) has a higher volatility of 1.53% compared to First Trust Ultra Short Duration Municipal ETF (FUMB) at 0.25%. This indicates that MUB'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
| MUB | FUMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 0.25% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 0.58% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 1.03% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 1.18% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 1.78% | +3.13% |