FUMB vs SPY
First Trust Ultra Short Duration Municipal ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FUMB or SPY?
Municipal Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FUMB | SPY |
|---|---|---|
| Expense Ratio | 0.29% | 0.09%Best |
| AUM | $253M | $814.4B |
| Dividend Yield | 2.75% | 1.01% |
| Holdings | 487 | 505 |
| YTD Return | +1.62% | +12.71%Best |
| 1Y Return | +2.07% | +19.36%Best |
| 3Y Return (annualized) | +2.87% | +21.09%Best |
| 5Y Return (annualized) | +2.04% | +12.69%Best |
| Volatility (annualized) | 0.8%Best | 16.8% |
| Max Drawdown | -2.7%Best | -34.1% |
| $10,000 over 5 years | $11,062 | $18,173Best |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Nov 1, 2018 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 5, 2018 to Sep 8, 2026 (7.8 years).
FUMB vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FUMB vs SPY Performance
First Trust Ultra Short Duration Municipal ETF (FUMB) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FUMB returned +2.07% while SPY returned +19.36%. Year to date, FUMB is up 1.62% versus a gain of 12.71% for SPY.
Over three years, FUMB compounded at +2.87% per year against +21.09% for SPY; over five years the annualized figures are +2.04% and +12.69% respectively. Across the full 8-year window we track, SPY has the edge at +15.12% annualized vs +1.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.8% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FUMB charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, FUMB currently yields 2.75% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 64 holdings in FUMB and 503 in SPY, totalling 28.4% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 64 positions we hold weights for in FUMB and 503 in SPY, against full books of 487 and 505.
You are not choosing between two funds in isolation.
Whichever of FUMB and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FUMB or SPY?
FUMB has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, FUMB or SPY?
Over the past year FUMB returned +2.07% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), FUMB annualized +1.39% vs +15.12% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FUMB or SPY?
SPY has been the more volatile fund at 16.8% annualized versus 0.8% for FUMB. Worst drawdown: FUMB -2.7% vs SPY -34.1%.
Should I hold both FUMB and SPY?
FUMB and SPY have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FUMB or SPY?
FUMB yields 2.75% while SPY yields 1.01%, so FUMB currently pays the higher dividend yield.
Is SPY better than FUMB?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.