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FMUN vs ZTOP

Fidelity Systematic Municipal Bond Index ETF vs F/m High Yield 100 ETF

FMUN

Fidelity Systematic Municipal Bond Index ETF

Annual cost

0.05%

Fund size

$181M

ZTOP

F/m High Yield 100 ETF

Annual cost

0.39%

Fund size

$17M

Key differences

Both FMUN and ZTOP are fixed income ETFs. FMUN charges 0.05% a year and ZTOP 0.39%. The main difference: FMUN costs 0.34% less per year.

  • FMUN costs 0.34% less per year.
  • FMUN is much larger than ZTOP. Larger funds are usually more liquid and less likely to close.
  • FMUN has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMUNZTOP
Annual cost (TER)0.05%0.39%
Fund size (AUM)$181M$17M
Since20192025
Dividend yield3.30%6.23%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+7.3%+6.5%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y3.14%3.33%
Max drawdown-3.21%-2.52%

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

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