FUMB vs VOO
First Trust Ultra Short Duration Municipal ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FUMB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $248M | $997.4B | |
| Dividend Yield | 2.75% | 1.08% | |
| Holdings | 252 | 509 | |
| YTD Return | +1.50% | +12.95% | |
| 1Y Return | +2.19% | +20.69% | |
| 3Y Return (annualized) | +2.91% | +22.09% | |
| 5Y Return (annualized) | +2.00% | +13.40% | |
| Volatility (annualized) | 0.8% | 14.1% | |
| Max Drawdown | -2.7% | -34.3% | |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Nov 1, 2018 | Sep 7, 2010 |
FUMB vs VOO Performance
First Trust Ultra Short Duration Municipal ETF (FUMB) is a ETF from First Trust Portfolios (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FUMB returned +2.19% while VOO returned +20.69%. Year to date, FUMB is up 1.50% versus a gain of 12.95% for VOO.
Over three years, FUMB compounded at +2.91% per year against +22.09% for VOO; over five years the annualized figures are +2.00% and +13.40% respectively. Across the full 8-year window we track, VOO has the edge at +13.50% annualized vs +1.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
FUMB and VOO 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 VOO?
FUMB has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FUMB or VOO?
Over the past year FUMB returned +2.19% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), FUMB annualized +1.38% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, FUMB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 0.8% for FUMB. Worst drawdown: FUMB -2.7% vs VOO -34.3%.
Should I hold both FUMB and VOO?
FUMB and VOO 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 VOO?
FUMB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 579 unique securities.
Which pays a higher dividend, FUMB or VOO?
FUMB yields 2.75% while VOO yields 1.08%, so FUMB currently pays the higher dividend yield.
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