FMUB vs RVNU
Fidelity Municipal Bond Opportunities ETF vs Xtrackers Municipal Infrastructure Revenue Bond Active ETF
Which is better, FMUB or RVNU?
FMUB has been ahead.
RVNU has a lower expense ratio. FMUB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | FMUB | RVNU |
|---|---|---|
| Expense Ratio | 0.30% | 0.15%Best |
| AUM | $246M | $131M |
| Dividend Yield | 3.76% | 3.84% |
| Holdings | 605 | 513 |
| YTD Return | -2.14%Best | -2.34% |
| 1Y Return | -1.26%Best | -2.40% |
| 3Y Return (annualized) | - | +3.67% |
| 5Y Return (annualized) | - | -1.20% |
| Volatility (annualized) | 4.5%Best | 6.5% |
| Max Drawdown | -6.1%Best | -8.3% |
| $10,000 over 1.5 years | $10,501Best | $10,279 |
| Fund Family | Fidelity Investments (US) | Xtrackers ETFs |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Apr 7, 2025 | Jun 4, 2013 |
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).
FMUB vs RVNU 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.
FMUB vs RVNU Performance
Fidelity Municipal Bond Opportunities ETF (FMUB) is an ETF from Fidelity Investments (US) and Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) is an ETF from Xtrackers ETFs. Over the past year FMUB returned -1.26% while RVNU returned -2.40%. Year to date, FMUB is down 2.14% versus a loss of 2.34% for RVNU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVNU has been the more volatile fund, with annualized monthly volatility of 6.5% 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 -6.1% for FMUB and -8.3% for RVNU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMUB charges 0.30% per year while RVNU charges 0.15%. On a $10,000 position that is $30 vs $15 annually, a gap of $15 per year that compounds over a long holding period. On income, FMUB currently yields 3.76% against 3.84% for RVNU.
Holdings Overlap
We hold position weights for 353 holdings in FMUB and 115 in RVNU, totalling 34.6% and 35.5% 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, 14 positions appear in both.
14 positions in common, counted across the 353 positions we hold weights for in FMUB and 115 in RVNU, against full books of 605 and 513.
Top Shared Holdings
| Stock | Weight in FMUB | Weight in RVNU | Difference |
|---|---|---|---|
| CA SFOAPT 5.25 05/01San Francisco Calif Ci 5.25 01May55 | 0.04% | 1.26% | 1.22% |
| DC METAPT 5 10/01/20Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding Series 2021A. | 0.42% | 0.42% | 0.00% |
| OH AMEPWR 5 02/15/20American Municipal Power Inc 5.0% 02/15/2037 | 0.21% | 0.38% | 0.17% |
| CA SFOAPT 5.5 05/01/San Francisco Calif Cit 5.5 01May55 | 0.11% | 0.44% | 0.33% |
| TX HOUAPT 4 07/01/20Tx Houston Arpt Sys Sub Rev 4.00% 07/01/2046 | 0.16% | 0.35% | 0.19% |
| TX NRTTRN 5 01/01/20N Tx Tollway Auth Rev | 0.27% | 0.09% | 0.18% |
| OR PTPAPT 5 07/01/20Portland (port Of), Or (portland International Airport), Series 2019 Twenty-five B, Rb | 0.09% | 0.22% | 0.13% |
| CO DENAPT 5 12/01/20Denver Co Arpt 5% 12/01/36 | 0.04% | 0.23% | 0.19% |
| NY LSLPWR 5 09/01/20Long Island Ny Pwr Auth Elec S Lslpwr 09/37 Fixed 5 | 0.00% | 0.21% | 0.21% |
| IL CHITRN 5.25 01/01Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2024A 5.25% 01-01-2048 | 0.02% | 0.08% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of FMUB and RVNU 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, FMUB or RVNU?
FMUB has an expense ratio of 0.30% while RVNU charges 0.15%. RVNU is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, FMUB or RVNU?
Over the past year FMUB returned -1.26% vs -2.40% for RVNU, so FMUB leads on 1-year performance. Over the longest common window we track (2 years), FMUB annualized +3.31% vs +1.85% for RVNU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMUB or RVNU?
RVNU has been the more volatile fund at 6.5% annualized versus 4.5% for FMUB. Worst drawdown: FMUB -6.1% vs RVNU -8.3%.
Should I hold both FMUB and RVNU?
FMUB and RVNU have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FMUB or RVNU?
FMUB yields 3.76% while RVNU yields 3.84%, so RVNU currently pays the higher dividend yield.
Is RVNU better than FMUB?
RVNU has a lower expense ratio. FMUB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.