MUND vs. FUMB
MUND (Northern Trust 2055 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 0.20 correlation, their price movements are largely independent. MUND charges 0.18%/yr vs 0.45%/yr for FUMB.
Performance
MUND vs. FUMB - Performance Comparison
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Returns By Period
In the year-to-date period, MUND achieves a 1.81% return, which is significantly higher than FUMB's 1.37% return.
MUND
- 1D
- 0.11%
- 1M
- 1.11%
- YTD
- 1.81%
- 6M
- 2.16%
- 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*
- —
MUND vs. FUMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUND Northern Trust 2055 Tax-Exempt Distributing Ladder ETF | 1.81% | 4.41% |
FUMB First Trust Ultra Short Duration Municipal ETF | 1.37% | 0.76% |
Correlation
The correlation between MUND and FUMB is 0.20, 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 | 0.20 |
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Return for Risk
MUND vs. FUMB — Risk / Return Rank
MUND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FUMB
MUND vs. FUMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) 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.
| MUND | 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 | — |
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Drawdowns
MUND vs. FUMB - Drawdown Comparison
The maximum MUND drawdown since its inception was -4.19%, which is greater than FUMB's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for MUND and FUMB.
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Drawdown Indicators
| MUND | FUMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -2.68% | -1.51% |
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 | -1.45% | -0.02% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -0.19% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.06% | — |
Volatility
MUND vs. FUMB - Volatility Comparison
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Volatility by Period
| MUND | 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 | 7.08% | 0.78% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 1.17% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 1.76% | +5.32% |
MUND vs. FUMB - Expense Ratio Comparison
MUND has a 0.18% expense ratio, which is lower than FUMB's 0.45% expense ratio.
Dividends
MUND vs. FUMB - Dividend Comparison
MUND's dividend yield for the trailing twelve months is around 2.79%, which matches 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% |
MUND Northern Trust 2055 Tax-Exempt Distributing Ladder ETF | 2.79% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MUND and FUMB have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUND is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUND is cheaper with a 0.18% expense ratio, compared with 0.45% for FUMB.
MUND has the higher dividend yield at 2.79%, compared with 2.77% for FUMB.
They also come from different issuers: Northern Trust and First Trust. Their fees differ too: 0.18% for MUND and 0.45% for FUMB.
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