Screener
OVM vs FMUN
Overlay Shares Municipal Bond ETF vs Fidelity Systematic Municipal Bond Index ETF
Key differences
Both OVM and FMUN are fixed income ETFs. OVM charges 0.81% a year and FMUN 0.05%. The main difference: OVM follows a option income strategy; FMUN uses index tracking.
- OVM follows a option income strategy; FMUN uses index tracking.
- FMUN costs 0.76% less per year.
- FMUN is much larger than OVM. Larger funds are usually more liquid and less likely to close.
Side-by-side comparison
| OVM | FMUN | |
|---|---|---|
| Annual cost (TER) | 0.81% | 0.05% |
| Fund size (AUM) | $38M | $181M |
| Since | 2019 | 2019 |
| Dividend yield | 6.12% | 3.30% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | option income | index tracking |
| CAGR 1Y | +10.9% | +7.3% |
| CAGR 3Y | +5.2% | N/A |
| CAGR 5Y | +1.5% | N/A |
| Sharpe 3Y | 0.30 | N/A |
| Volatility 1Y | 4.24% | 3.14% |
| Max drawdown | -15.58% | -3.21% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.