FUMB vs IVV
First Trust Ultra Short Duration Municipal ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FUMB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $248M | $907.0B | |
| Dividend Yield | 2.75% | 1.10% | |
| Holdings | 252 | 508 | |
| YTD Return | +1.52% | +14.29% | |
| 1Y Return | +2.21% | +21.79% | |
| 3Y Return (annualized) | +2.93% | +22.19% | |
| 5Y Return (annualized) | +2.00% | +13.28% | |
| Volatility (annualized) | 0.8% | 15.1% | |
| Max Drawdown | -2.7% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 1, 2018 | May 15, 2000 |
FUMB vs IVV Performance
First Trust Ultra Short Duration Municipal ETF (FUMB) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FUMB returned +2.21% while IVV returned +21.79%. Year to date, FUMB is up 1.52% versus a gain of 14.29% for IVV.
Over three years, FUMB compounded at +2.93% per year against +22.19% for IVV; over five years the annualized figures are +2.00% and +13.28% respectively. Across the full 8-year window we track, IVV has the edge at +7.06% annualized vs +1.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.8% for FUMB. 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 -2.7% for FUMB and -56.5% for IVV. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FUMB charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, FUMB currently yields 2.75% against 1.10% for IVV.
Holdings Overlap
FUMB and IVV share 0 holdings out of 579 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FUMB or IVV?
FUMB has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FUMB or IVV?
Over the past year FUMB returned +2.21% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), FUMB annualized +1.39% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, FUMB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 0.8% for FUMB. Worst drawdown: FUMB -2.7% vs IVV -56.5%.
Should I hold both FUMB and IVV?
FUMB and IVV have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FUMB and IVV?
FUMB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 579 unique securities.
Which pays a higher dividend, FUMB or IVV?
FUMB yields 2.75% while IVV yields 1.10%, so FUMB currently pays the higher dividend yield.
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