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
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with MUNA having a 1.42% return and FUMB slightly lower at 1.37%.
MUNA
- 1D
- -0.01%
- 1M
- 0.32%
- YTD
- 1.42%
- 6M
- 1.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUMB
- 1D
- 0.05%
- 1M
- 0.35%
- YTD
- 1.37%
- 6M
- 1.27%
- 1Y
- 2.65%
- 3Y*
- 2.99%
- 5Y*
- 2.02%
- 10Y*
- —
MUNA vs. FUMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUNA Northern Trust 2030 Tax-Exempt Distributing Ladder ETF | 1.42% | 0.68% |
FUMB First Trust Ultra Short Duration Municipal ETF | 1.37% | 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | — | 1.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 12.17 | — |
| Martin ratioReturn relative to average drawdown | — | 45.37 | — |
Loading charts...
Drawdowns
MUNA vs. FUMB - Drawdown Comparison
The maximum MUNA drawdown since its inception was -0.91%, 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.
Loading charts...
Drawdown Indicators
| MUNA | FUMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -2.68% | +1.77% |
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 | -0.56% | -0.02% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -0.19% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.06% | — |
Volatility
MUNA vs. FUMB - Volatility Comparison
Loading charts...
Volatility by Period
| MUNA | FUMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.83% | 0.78% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.83% | 1.17% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.83% | 1.76% | +0.07% |
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 1.66%, less than FUMB's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.77% | 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 | 1.66% | 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 2.77%, compared with 1.66% 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.
Find the right allocation for MUNA and FUMB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer