Screener
FCLO vs FMUN
Fidelity CLO ETF vs Fidelity Systematic Municipal Bond Index ETF
Key differences
- FCLO costs 0.05% less per year.
- FMUN is significantly larger than FCLO — larger funds tend to be more liquid and less likely to close.
- FCLO follows a multi strategy strategy; FMUN uses index tracking.
- FMUN has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FCLO | FMUN | |
|---|---|---|
| Annual cost (TER) | 0.00% | 0.05% |
| Fund size (AUM) | $25M | $178M |
| Since | 2026 | 2019 |
| Dividend yield | — | 3.30% |
| Asset class | fixed income | fixed income |
| Region | — | north america |
| Strategy | multi strategy | index tracking |
| CAGR 1Y | N/A | +6.8% |
| CAGR 3Y | N/A | N/A |
| CAGR 5Y | N/A | N/A |
| Sharpe 3Y | N/A | N/A |
| Volatility 1Y | — | 3.15% |
| Max drawdown | -0.58% | -3.21% |
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