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FMKT vs FMUB

The Free Markets ETF vs Fidelity Municipal Bond Opportunities ETF

FMKT

The Free Markets ETF

Annual cost

0.76%

Fund size

$15M

FMUB

Fidelity Municipal Bond Opportunities ETF

Annual cost

0.30%

Fund size

$190M

Key differences

  • FMUB costs 0.46% less per year.
  • FMUB is significantly larger than FMKT — larger funds tend to be more liquid and less likely to close.
  • FMKT is classified as equity, while FMUB is fixed income — different risk/return profiles.
  • FMKT follows a active selection strategy; FMUB uses index tracking.

Side-by-side comparison

FMKTFMUB
Annual cost (TER)0.76%0.30%
Fund size (AUM)$15M$190M
Since20252023
Dividend yield3.32%
Asset classequityfixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1YN/A+7.3%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y2.71%
Max drawdown-17.79%-2.49%

Similar to FMKT and FMUB