FDRS vs IBMT

Comparison between FounderLed ETF (FDRS, ETF) and ISHARES IBONDS DEC 2031 TERM MUNI BOND ETF (IBMT, ETF).

FDRS vs IBMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FDRS(ETF)	IBMT(ETF)
Net Assets	$94M	$94M
Expense Ratio	0.49%	0.18%
Max Drawdown	21.64%	3.33%
Sharpe Ratio	-0.47	0.70
5Y Beta	1.69	0.02
P/E Ratio	48.18	N/A
Forward P/E	22.40	N/A
PEG Ratio	0.54	N/A
5Y EPS CAGR	40.87%	N/A
Debt to Equity	-26.34%	N/A
P/S Ratio	7.57	N/A
P/B Ratio	6.94	N/A

Net Assets

Winner

FDRS

$94M

IBMT

$94M

Expense Ratio

FDRS

0.49%

Winner

IBMT

0.18%

Max Drawdown

FDRS

21.64%

Winner

IBMT

3.33%

Sharpe Ratio

FDRS

-0.47

Winner

IBMT

0.70

5Y Beta

FDRS

1.69

Winner

IBMT

0.02

P/E Ratio

FDRS

48.18

IBMT

N/A

Forward P/E

FDRS

22.40

IBMT

N/A

PEG Ratio

FDRS

0.54

IBMT

N/A

5Y EPS CAGR

FDRS

40.87%

IBMT

N/A

Debt to Equity

FDRS

-26.34%

IBMT

N/A

P/S Ratio

FDRS

7.57

IBMT

N/A

P/B Ratio

FDRS

6.94

IBMT

N/A

FDRS vs IBMT - Holdings Comparison

FDRS and IBMT have 1 common holdings. Overlap is -0.39%

FDRS's top 25 holdings weight is 82.13%. IBMT's top 25 holdings weight is 24.85%.

Rank	FDRS	IBMT
#1	NVIDIA CORP (NVDA) - 11.31%	CALIFORNIA ST 5% (n/a) - 2.40%
#2	TESLA INC (TSLA) - 9.80%	n/a (n/a) - 2.11%
#3	META PLATFORMS INC CLASS A (META) - 9.04%	NEW YORK N Y 5% (n/a) - 1.91%
#4	ORACLE CORP (ORCL) - 5.94%	n/a (n/a) - 1.41%
#5	PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 5.82%	CALIFORNIA ST PUB WKS BRD LEASE REV 5% (n/a) - 1.12%
#6	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.02%	n/a (n/a) - 1.08%
#7	SALESFORCE INC (CRM) - 2.98%	MARYLAND ST 5% (n/a) - 1.08%
#8	BLACKROCK INC (BLK) - 2.87%	WASHINGTON ST 5% (n/a) - 1.07%
#9	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.74%	CONNECTICUT ST SPL TAX OBLIG REV 5% (n/a) - 1.01%
#10	ARISTA NETWORKS INC (ANET) - 2.73%	NEW JERSEY ST TRANSN TR FD AUTH 5% (n/a) - 0.91%
#11	BLACKSTONE INC (BX) - 2.66%	CALIFORNIA ST 4% (n/a) - 0.82%
#12	DELL TECHNOLOGIES INC ORDINARY SHARES CLASS C (DELL) - 2.61%	ILLINOIS ST 5% (n/a) - 0.81%
#13	SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.50%	n/a (n/a) - 0.78%
#14	APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.41%	CONNECTICUT ST 5% (n/a) - 0.76%
#15	CAPITAL ONE FINANCIAL CORP (COF) - 2.12%	LOUISIANA ST 5% (n/a) - 0.76%
#16	INTERCONTINENTAL EXCHANGE INC (ICE) - 1.63%	NORTH CAROLINA ST GRANT ANTIC REV 5% (n/a) - 0.76%
#17	ROCKET LAB CORP (RKLB) - 1.49%	LOS ANGELES CALIF DEPT WTR & PWR REV 5% (n/a) - 0.74%
#18	FORTINET INC (FTNT) - 1.44%	CENTRAL TEX REGL MOBILITY AUTH REV 5% (n/a) - 0.72%
#19	DATADOG INC CLASS A (DDOG) - 1.36%	PENNSYLVANIA ST 5% (n/a) - 0.69%
#20	AIRBNB INC ORDINARY SHARES CLASS A (ABNB) - 1.34%	NEW JERSEY ST 4% (n/a) - 0.68%
#21	CLOUDFLARE INC (NET) - 1.32%	LOS ANGELES CALIF UNI SCH DIST 5% (n/a) - 0.68%
#22	MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.30%	METROPOLITAN TRANSN AUTH N Y REV 5% (n/a) - 0.66%
#23	ROBINHOOD MARKETS INC CLASS A (HOOD) - 1.28%	MINNESOTA ST 5% (n/a) - 0.66%
#24	BLOOM ENERGY CORP CLASS A (BE) - 1.25%	KENTUCKY ST PPTY & BLDGS COMMN REVS 5% (n/a) - 0.62%
#25	CARVANA CO CLASS A (CVNA) - 1.17%	BLACKROCK LIQUIDITY MUNICASH INSTL (MCSXX) - 0.61%
Total Holdings	52	482

FDRS vs IBMT - Historical Returns

Returns include dividend reinvestment.

Period	FDRS	IBMT
1 month	+0.78%	+0.16%
3 months	+9.02%	-0.28%
6 months	-6.15%	+0.39%
1 year	N/A	+5.47%
Max(CAGR)	-13.19%	+5.91%

Winner

FDRS

+0.78%

IBMT

+0.16%

Winner

FDRS

+9.02%

IBMT

-0.28%

FDRS

-6.15%

Winner

IBMT

+0.39%

FDRS

N/A

IBMT

+5.47%

Max(CAGR)

FDRS

-13.19%

Winner

IBMT

+5.91%

FDRS vs IBMT - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	FDRS	IBMT
2026	-4.10%	-0.06%
2025	-1.10%	+7.23%

FDRS vs IBMT Drawdown Comparison

The maximum drawdown for FDRS was -21.64%, occurring on Mar 30, 2026. Recovery took 99 trading sessions.

The maximum drawdown for IBMT was -3.18%, occurring on Apr 11, 2025. Recovery took 47 trading sessions.

The current FDRS drawdown is -9.63%. The current IBMT drawdown is -1.86%.

Rank	FDRS	IBMT
#1	-21.64% Jan 6, 2026 - May 29, 2026	-3.18% Apr 4, 2025 - Jun 12, 2025
#2	-11.19% Jun 1, 2026 - Jun 10, 2026	-3.09% Feb 26, 2026 - Mar 26, 2026
#3	-2.14% Dec 30, 2025 - Jan 6, 2026	-0.96% Sep 18, 2025 - Oct 13, 2025
#4	N/A	-0.52% Oct 13, 2025 - Dec 3, 2025
#5	N/A	-0.35% Jul 9, 2025 - Aug 1, 2025
#6	N/A	-0.35% Dec 3, 2025 - Dec 24, 2025
#7	N/A	-0.27% Jan 9, 2026 - Jan 28, 2026
#8	N/A	-0.24% Mar 26, 2025 - Mar 28, 2025
#9	N/A	-0.23% Jan 28, 2026 - Feb 3, 2026
#10	N/A	-0.22% Feb 17, 2026 - Feb 26, 2026
#11	N/A	-0.21% Sep 9, 2025 - Sep 11, 2025
#12	N/A	-0.18% Aug 12, 2025 - Aug 22, 2025
#13	N/A	-0.16% Jun 12, 2025 - Jun 16, 2025
#14	N/A	-0.14% Sep 2, 2025 - Sep 4, 2025
#15	N/A	-0.12% Aug 22, 2025 - Sep 2, 2025