MUNA vs. FUMB
MUNA (Northern Trust 2030 Tax-Exempt Distributing Ladder ETF) and FUMB (First Trust Ultra Short Duration Municipal ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. MUNA charges 0.18%/yr vs 0.45%/yr for FUMB.
Performance
MUNA vs. FUMB - Performance Comparison
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Returns By Period
In the year-to-date period, MUNA achieves a 1.11% return, which is significantly lower than FUMB's 1.63% return.
MUNA
- 1D
- 0.07%
- 1M
- -0.78%
- 6M
- 1.10%
- YTD
- 1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUMB
- 1D
- 0.20%
- 1M
- 0.22%
- 6M
- 1.32%
- YTD
- 1.63%
- 1Y
- 2.60%
- 3Y*
- 3.02%
- 5Y*
- 2.05%
- 10Y*
- —
MUNA vs. FUMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUNA Northern Trust 2030 Tax-Exempt Distributing Ladder ETF | 1.11% | 0.68% |
FUMB First Trust Ultra Short Duration Municipal ETF | 1.63% | 0.76% |
Correlation
The correlation between MUNA and FUMB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.32 |
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Return for Risk
MUNA vs. FUMB — Risk / Return Rank
MUNA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FUMB
MUNA vs. FUMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) 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.
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.
| MUNA | FUMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 11.94 | — |
| Martin ratioReturn relative to average drawdown | — | 43.60 | — |
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Drawdowns
MUNA vs. FUMB - Drawdown Comparison
The maximum MUNA drawdown since its inception was -0.93%, smaller than the maximum FUMB drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for MUNA and FUMB.
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Drawdown Indicators
| MUNA | FUMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -2.68% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.25% | — |
Current DrawdownCurrent decline from peak | -0.86% | 0.00% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -0.19% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.06% | — |
Volatility
MUNA vs. FUMB - Volatility Comparison
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Volatility by Period
| MUNA | FUMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 0.81% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 1.17% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.91% | 1.76% | +0.15% |
MUNA vs. FUMB - Expense Ratio Comparison
MUNA has a 0.18% expense ratio, which is lower than FUMB's 0.45% expense ratio.
Dividends
MUNA vs. FUMB - Dividend Comparison
MUNA's dividend yield for the trailing twelve months is around 1.85%, less than FUMB's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.76% | 2.90% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% |
MUNA Northern Trust 2030 Tax-Exempt Distributing Ladder ETF | 1.85% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MUNA and FUMB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUNA is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUNA is cheaper with a 0.18% expense ratio, compared with 0.45% for FUMB.
FUMB has the higher dividend yield at 2.76%, compared with 1.85% for MUNA.
They also come from different issuers: Northern Trust and First Trust. Their fees differ too: 0.18% for MUNA and 0.45% for FUMB.
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