FMUN vs RVNU
Fidelity Systematic Municipal Bond Index ETF vs Xtrackers Municipal Infrastructure Revenue Bond Active ETF
Which is better, FMUN or RVNU?
Each has led over a different period.
FMUN has a lower expense ratio. FMUN led over 1Y, RVNU over the full window. The two have moved almost in lockstep, correlation 0.90.
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 | FMUN | RVNU |
|---|---|---|
| Expense Ratio | 0.05%Best | 0.15% |
| AUM | $170M | $131M |
| Dividend Yield | 3.83% | 3.84% |
| Holdings | 1,105 | 513 |
| YTD Return | -2.36% | -1.63%Best |
| 1Y Return | -1.31%Best | -2.01% |
| 3Y Return (annualized) | - | +3.91% |
| 5Y Return (annualized) | - | -1.05% |
| Volatility (annualized) | 5.7%Best | 6.6% |
| Max Drawdown | -7.3%Best | -8.3% |
| $10,000 over 1.5 years | $10,233 | $10,352Best |
| 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 15, 2026 (1.5 years).
FMUN 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.
FMUN vs RVNU Performance
Fidelity Systematic Municipal Bond Index ETF (FMUN) 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 FMUN returned -1.31% while RVNU returned -2.01%. Year to date, FMUN is down 2.36% versus a loss of 1.63% 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 6.6% compared with 5.7% for FMUN. 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 -7.3% for FMUN 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMUN charges 0.05% per year while RVNU charges 0.15%. On a $10,000 position that is $5 vs $15 annually, a gap of $10 per year that compounds over a long holding period. On income, FMUN currently yields 3.83% against 3.84% for RVNU.
Holdings Overlap
We hold position weights for 781 holdings in FMUN and 115 in RVNU, totalling 57.8% 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, 43 positions appear in both.
43 positions in common, counted across the 781 positions we hold weights for in FMUN and 115 in RVNU, against full books of 1,105 and 513.
Top Shared Holdings
| Stock | Weight in FMUN | Weight in RVNU | Difference |
|---|---|---|---|
| KY KYSPWR 06/01/2055Kentucky St Public Energy Auth Kyspwr 06/55 Adjustable Var | 0.93% | 0.75% | 0.18% |
| CA SFOAPT 5.25 05/01San Francisco Calif Ci 5.25 01May55 | 0.11% | 1.26% | 1.15% |
| NJ NJSTRN 5.25 01/01New Jersey St Turnpike Authority Tpk Rev 5.25 01/01/2052 | 0.07% | 0.74% | 0.67% |
| FL BROUTL 4 10/01/20Broward Cnty Fl Wtr & Swr Util Regd B/E 4.00000000 | 0.10% | 0.40% | 0.30% |
| NY TRBTRN 4 05/15/20Triborough Bridge And Tunnel Authority, New York, Payroll Mobility Tax Bonds, Senior Lien Series 2021C-1A | 0.26% | 0.22% | 0.04% |
| TX DALAPT 5 11/01/20Dallas Fort Worth International Airport 5 11/01/2047 | 0.03% | 0.44% | 0.41% |
| DC METAPT 5 10/01/20Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding Series 2021A. | 0.04% | 0.42% | 0.38% |
| NY TRBTRN 5 11/15/20Triborough Bridge And Tunnel Authority, New York, General Purpose Revenue Bonds, Mta Bridges & Tunnels, Refunding Series 2017b | 0.02% | 0.39% | 0.37% |
| CT CTSGEN 5 07/01/20Connecticut (State Of), Series 2023 A, Rb | 0.17% | 0.23% | 0.06% |
| UT INTPWR 5 07/01/20Intermountain Pwr Agy Utah Pwr 5% Jul 01, 2041 | 0.06% | 0.32% | 0.26% |
You are not choosing between two funds in isolation.
Whichever of FMUN 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, FMUN or RVNU?
FMUN has an expense ratio of 0.05% while RVNU charges 0.15%. FMUN is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, FMUN or RVNU?
Over the past year FMUN returned -1.31% vs -2.01% for RVNU, so FMUN leads on 1-year performance. Over the longest common window we track (2 years), FMUN annualized +1.55% vs +2.33% for RVNU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMUN or RVNU?
RVNU has been the more volatile fund at 6.6% annualized versus 5.7% for FMUN. Worst drawdown: FMUN -7.3% vs RVNU -8.3%.
Should I hold both FMUN and RVNU?
FMUN and RVNU have a monthly-return correlation of 0.90, 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, FMUN or RVNU?
FMUN yields 3.83% while RVNU yields 3.84%, so RVNU currently pays the higher dividend yield.
Is RVNU better than FMUN?
FMUN has a lower expense ratio. FMUN led over 1Y, RVNU over the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.