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FMUN vs HIMU

Fidelity Systematic Municipal Bond Index ETF vs iShares High Yield Muni Active ETF

FMUN

Fidelity Systematic Municipal Bond Index ETF

Annual cost

0.05%

Fund size

$181M

HIMU

iShares High Yield Muni Active ETF

Annual cost

0.39%

Fund size

$2.3B

Key differences

Both FMUN and HIMU are fixed income ETFs. FMUN charges 0.05% a year and HIMU 0.39%. The main difference: FMUN follows a index tracking strategy; HIMU uses active selection.

  • FMUN follows a index tracking strategy; HIMU uses active selection.
  • FMUN costs 0.34% less per year.
  • HIMU is much larger than FMUN. Larger funds are usually more liquid and less likely to close.
  • HIMU has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMUNHIMU
Annual cost (TER)0.05%0.39%
Fund size (AUM)$181M$2.3B
Since20192006
Dividend yield3.30%5.14%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+7.3%+6.8%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y3.11%4.58%
Max drawdown-3.21%-8.01%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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