FMB vs MUB
First Trust Managed Municipal ETF against iShares National Muni Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
0%
46 shared positions
Fee gap
34 bp
MUB is cheaper
1-year return gap
0.4 pts
MUB is ahead
Larger fund
MUB
$51.7B
Side by side
| FMB | MUB | |
|---|---|---|
| Fund | First Trust Managed Municipal ETF | iShares National Muni Bond ETF |
| Issuer | First Trust | iShares |
| Category | National Muni | National Muni |
| Expense ratio | 0.39% | 0.05% |
| Assets | $1.9B | $51.7B |
| Average daily dollar volume | $30M | $1.8B |
| Listed | May 13, 2014 | Sep 7, 2007 |
| FrenzyCap score | 63 | 99 |
| 1-month return | −0.8% | −0.5% |
| 3-month return | −3.9% | −3.3% |
| Year to date | −4.9% | −4.4% |
| 1-year return | −5.1% | −4.7% |
| 30-day volatility | 6.8% | 6.5% |
| Worst drawdown, 1 year | −8.6% | −7.9% |
| Trailing 12-month yield | 3.80% | 3.34% |
| Holdings | 1,252 | 7,622 |
| Top 10 weight | 5.2% | 1.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$69M thru Jul 2026 | +$2.4B thru May 2026 |
| 30-day implied volatility | — | 6.9% |
| Holdings as of | as of Oct 19, 2026issuer data | as of Oct 19, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
5% of FMB · 1% of MUB| Holding | FMB | MUB |
|---|---|---|
| SAN ANTONIO TX ELEC & GAS REV 5.25%, due 02/01/2049 | 0.06% | 0.05% |
| ILLINOIS ST 5%, due 11/01/2029 | 0.24% | 0.04% |
| TEXAS ST TRANSPRTN COMMN CENTRAL TX TPK SYS 5%, due 08/15/2038 | 0.08% | 0.03% |
| NEW YORK CITY NY MUNI WTR FIN AUTH 5.50%, due 06/15/2039 | 0.11% | 0.03% |
| PENNSYLVANIA ST TURNPIKE COMMN TPK REV 4%, due 12/01/2045 | 0.20% | 0.02% |
| NEW YORK ST DORM AUTH SALES TAX 5%, due 03/15/2038 | 0.42% | 0.02% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5%, due 06/15/2045 | 0.09% | 0.02% |
| FAIRFAX CNTY VA 4%, due 10/01/2041 | 0.18% | 0.02% |
| TEXAS ST PUBLIC FIN AUTH LEASE REV Variable rate, due 02/01/2046 | 0.06% | 0.01% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5.25%, due 06/15/2050 | 0.16% | 0.01% |
| MIAMI-DADE CNTY FL EDUCTNL FACS AUTH 5%, due 04/01/2043 | 0.08% | 0.01% |
| ILLINOIS ST 5.25%, due 05/01/2039 | 0.05% | 0.01% |
| CONNECTICUT ST 5.50%, due 10/15/2043 | 0.11% | 0.01% |
| MISSOURI JT MUNI ELEC UTILITY COMMN 5%, due 12/01/2039 | 0.05% | 0.01% |
| NEW YORK ST THRUWAY AUTH GEN REV 4%, due 01/01/2045 | 0.01% | 0.06% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH 5.25%, due 11/01/2047 | 0.05% | 0.01% |
| ILLINOIS ST 5.25%, due 05/01/2045 | 0.05% | 0.01% |
| INDIANA ST MUNI PWR AGY 5%, due 01/01/2042 | 0.03% | 0.01% |
| MASSACHUSETTS ST DEV FIN AGY REV Variable rate, due 11/01/2055 | 0.14% | 0.01% |
| MET NASHVILLE TN ARPT AUTH ARPT REV 5%, due 07/01/2045 | 0.08% | 0.01% |
| JEFFERSON CNTY AL SWR REVENUE 5.25%, due 10/01/2042 | 0.16% | 0.01% |
| MIAMI-DADE CNTY FL EDUCTNL FACS AUTH 5%, due 04/01/2045 | 0.05% | 0.01% |
| CHICAGO IL 5%, due 01/01/2035 | 0.07% | 0.01% |
| NEW YORK ST DORM AUTH ST PERSONAL INC TAX 5%, due 03/15/2039 | 0.03% | 0.01% |
| NEW YORK ST DORM AUTH ST PERSONAL INC TAX REV 4%, due 03/15/2041 | 0.11% | 0.01% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FMB holdings · MUB holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.