FMUN vs VXUS
Fidelity Systematic Municipal Bond Index ETF vs Vanguard Total International Stock ETF
Quick Verdict
VXUS delivered stronger 1-year returns. VXUS offers more diversification with 7861 holdings.
Side-by-Side Comparison
| Metric | FMUN | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.05% | |
| AUM | $183M | $156.5B | |
| Dividend Yield | 3.58% | 2.60% | |
| Holdings | 651 | 8,747 | |
| YTD Return | +0.64% | +14.57% | |
| 1Y Return | +5.19% | +27.82% | |
| 3Y Return (annualized) | - | +19.27% | |
| 5Y Return (annualized) | - | +9.28% | |
| Volatility (annualized) | 4.3% | 15.1% | |
| Max Drawdown | -3.2% | -39.9% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 7, 2025 | Jan 26, 2011 |
FMUN vs VXUS Performance
Fidelity Systematic Municipal Bond Index ETF (FMUN) is a ETF from Fidelity Investments (US) and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year FMUN returned +5.19% while VXUS returned +27.82%. Year to date, FMUN is up 0.64% versus a gain of 14.57% for VXUS.
Risk: Volatility and Drawdowns
VXUS has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.3% for FMUN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -3.2% for FMUN and -39.9% for VXUS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FMUN charges 0.05% per year while VXUS charges 0.05%. On a $10,000 position that is $5 vs $5 annually. On income, FMUN currently yields 3.58% against 2.60% for VXUS.
Frequently Asked Questions
Which is cheaper, FMUN or VXUS?
FMUN has an expense ratio of 0.05% while VXUS charges 0.05%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, FMUN or VXUS?
Over the past year FMUN returned +5.19% vs +27.82% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (1 years), FMUN annualized +4.11% vs +4.86% for VXUS. Past performance does not guarantee future results.
Which is riskier, FMUN or VXUS?
VXUS has been the more volatile fund at 15.1% annualized versus 4.3% for FMUN. Worst drawdown: FMUN -3.2% vs VXUS -39.9%.
Should I hold both FMUN and VXUS?
FMUN and VXUS have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FMUN or VXUS?
FMUN yields 3.58% while VXUS yields 2.60%, so FMUN currently pays the higher dividend yield.
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