DSM vs FMUB
BNY Mellon Strategic Municipal Bond Fund Inc vs Fidelity Municipal Bond Opportunities ETF
Which is better, DSM or FMUB?
FMUB has been ahead.
FMUB has a lower expense ratio. FMUB led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DSM | FMUB |
|---|---|---|
| Expense Ratio | 1.09% | 0.30%Best |
| AUM | $335M | $246M |
| Dividend Yield | 5.50% | 3.76% |
| Holdings | 233 | 605 |
| YTD Return | -13.99% | -2.14%Best |
| 1Y Return | -10.44% | -1.26%Best |
| 3Y Return (annualized) | +5.32% | - |
| 5Y Return (annualized) | -4.62% | - |
| Volatility (annualized) | 12.1% | 4.5%Best |
| Max Drawdown | -19.8% | -6.1%Best |
| $10,000 over 1.5 years | $9,635 | $10,501Best |
| Fund Family | BNY Mellon Investment Management | Fidelity Investments (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 22, 1989 | Apr 7, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 7, 2025 to Oct 14, 2026 (1.5 years).
DSM vs FMUB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
DSM vs FMUB Performance
BNY Mellon Strategic Municipal Bond Fund Inc (DSM) is an ETF from BNY Mellon Investment Management and Fidelity Municipal Bond Opportunities ETF (FMUB) is an ETF from Fidelity Investments (US). Over the past year DSM returned -10.44% while FMUB returned -1.26%. Year to date, DSM is down 13.99% versus a loss of 2.14% for FMUB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSM has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 4.5% for FMUB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.8% for DSM and -6.1% for FMUB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DSM charges 1.09% per year while FMUB charges 0.30%. On a $10,000 position that is $109 vs $30 annually, a gap of $79 per year that compounds over a long holding period. On income, DSM currently yields 5.50% against 3.76% for FMUB.
Holdings Overlap
We hold position weights for 101 holdings in DSM and 353 in FMUB, totalling 41.1% and 34.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 17 positions appear in both.
The two holdings books were reported 63 days apart, DSM as of Jul 31, 2026 and FMUB as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
17 positions in common, counted across the 101 positions we hold weights for in DSM and 353 in FMUB, against full books of 233 and 605.
Top Shared Holdings
| Stock | Weight in DSM | Weight in FMUB | Difference |
|---|---|---|---|
| AL BBEUTL 06/01/2049Black Belt Energy Gas Dist Ala 5.5% Feb 01, 2029 | 1.34% | 0.23% | 1.11% |
| NY NYTTRN 5 12/01/20New York St Transprtn Dev Corp Regd B/E Amt 5.00000000 | 0.87% | 0.01% | 0.86% |
| IL ILS 5 11/01/2028Ils 5.000 11/01/28 | 0.85% | 0.01% | 0.84% |
| IL CHI 6 01/01/2038Chicago Il | 0.84% | 0.00% | 0.84% |
| NY NYEFAC 07/01/2056New York Energy Fin Dev Corp Nyefac 07/56 Adjustable Var | 0.56% | 0.11% | 0.45% |
| MI WAYAPT 5.5 12/01/Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2025A | 0.30% | 0.34% | 0.04% |
| IL MPNFAC 0 12/15/20Metropolitan Pier & Exposition Authority 0 2036-12-15 | 0.45% | 0.00% | 0.45% |
| NJ NJSTRN 5 06/15/20New Jersey Transportation Trust Fund Authority, Series 2022 Cc 06/15/2044 | 0.43% | 0.01% | 0.42% |
| DC METAPT 4 10/01/20Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding & Sub | 0.36% | 0.06% | 0.30% |
| TX HOUAPT 4 07/01/20Tx Houston Arpt Sys Sub Rev 4.00% 07/01/2046 | 0.25% | 0.16% | 0.09% |
You are not choosing between two funds in isolation.
Whichever of DSM and FMUB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DSM or FMUB?
DSM has an expense ratio of 1.09% while FMUB charges 0.30%. FMUB is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, DSM or FMUB?
Over the past year DSM returned -10.44% vs -1.26% for FMUB, so FMUB leads on 1-year performance. Over the longest common window we track (2 years), DSM annualized -2.45% vs +3.31% for FMUB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSM or FMUB?
DSM has been the more volatile fund at 12.1% annualized versus 4.5% for FMUB. Worst drawdown: DSM -19.8% vs FMUB -6.1%.
Should I hold both DSM and FMUB?
DSM and FMUB have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DSM or FMUB?
DSM yields 5.50% while FMUB yields 3.76%, so DSM currently pays the higher dividend yield.
Is FMUB better than DSM?
FMUB has a lower expense ratio. FMUB led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.