FMUB vs FNK

Comparison between FIDELITY MUNICIPAL BOND OPPORTUNITIES ETF (FMUB, ETF) and FIRST TRUST MID CAP VALUE ALPHADEX FUND (FNK, ETF).

FMUB vs FNK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMUB(ETF)	FNK(ETF)
Net Assets	$221M	$221M
Expense Ratio	0.30%	0.74%
Max Drawdown	2.49%	52.09%
Sharpe Ratio	1.07	1.03
5Y Beta	0.05	0.87
P/E Ratio	N/A	13.12
Forward P/E	N/A	11.89
5Y Dividends CAGR	N/A	9.88%
5Y EPS CAGR	N/A	11.83%
Debt to Equity	N/A	64.45%
P/S Ratio	N/A	0.93
P/B Ratio	N/A	1.52

Net Assets

FMUB

$221M

Winner

FNK

$221M

Expense Ratio

Winner

FMUB

0.30%

FNK

0.74%

Max Drawdown

Winner

FMUB

2.49%

FNK

52.09%

Sharpe Ratio

Winner

FMUB

1.07

FNK

1.03

5Y Beta

Winner

FMUB

0.05

FNK

0.87

P/E Ratio

FMUB

N/A

FNK

13.12

Forward P/E

FMUB

N/A

FNK

11.89

5Y Dividends CAGR

FMUB

N/A

FNK

9.88%

5Y EPS CAGR

FMUB

N/A

FNK

11.83%

Debt to Equity

FMUB

N/A

FNK

64.45%

P/S Ratio

FMUB

N/A

FNK

0.93

P/B Ratio

FMUB

N/A

FNK

1.52

FMUB vs FNK - Historical Returns

Returns include dividend reinvestment.

Period	FMUB	FNK
1 month	-0.36%	+3.83%
3 months	+0.41%	+4.25%
6 months	+1.54%	+6.13%
1 year	+6.58%	+19.90%
5 years(CAGR)	N/A	+8.96%
10 years(CAGR)	N/A	+9.62%
Max(CAGR)	+6.51%	+9.25%

FMUB

-0.36%

Winner

FNK

+3.83%

FMUB

+0.41%

Winner

FNK

+4.25%

FMUB

+1.54%

Winner

FNK

+6.13%

FMUB

+6.58%

Winner

FNK

+19.90%

5Y(CAGR)

FMUB

N/A

FNK

+8.96%

10Y(CAGR)

FMUB

N/A

FNK

+9.62%

Max(CAGR)

FMUB

+6.51%

Winner

FNK

+9.25%

FMUB vs FNK - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	FMUB	FNK
2026	+1.55%	+11.73%
2025	+6.63%	+5.90%
2024	N/A	+6.75%
2023	N/A	+20.79%
2022	N/A	-7.60%
2021	N/A	+35.96%
2020	N/A	+1.89%
2019	N/A	+20.40%
2018	N/A	-15.00%
2017	N/A	+10.86%
2016	N/A	+27.61%
2015	N/A	-12.75%
2014	N/A	+7.20%
2013	N/A	+34.14%
2012	N/A	+15.34%
2011	N/A	-7.39%

FMUB vs FNK Drawdown Comparison

The maximum drawdown for FMUB was -2.49%, occurring on Mar 27, 2026. Recovery took 67 trading sessions.

The maximum drawdown for FNK was -50.70%, occurring on Mar 23, 2020. Recovery took 598 trading sessions.

The current FMUB drawdown is -0.87%. The current FNK drawdown is -1.25%.

Rank	FMUB	FNK
#1	-2.49% Feb 27, 2026 - Jun 4, 2026	-50.70% Aug 21, 2018 - Jan 6, 2021
#2	-1.41% Apr 14, 2025 - Jun 12, 2025	-27.38% Apr 15, 2015 - Nov 17, 2016
#3	-0.93% Apr 7, 2025 - Apr 11, 2025	-26.21% Jul 7, 2011 - Feb 3, 2012
#4	-0.87% Jul 7, 2026 - Jul 21, 2026	-25.16% Nov 25, 2024 - Jan 6, 2026
#5	-0.70% Jul 2, 2025 - Aug 1, 2025	-20.40% Jan 14, 2022 - Jan 27, 2023
#6	-0.47% Jan 9, 2026 - Feb 2, 2026	-17.79% Feb 2, 2023 - Dec 14, 2023
#7	-0.42% Sep 22, 2025 - Oct 10, 2025	-14.06% Mar 19, 2012 - Sep 14, 2012
#8	-0.39% Oct 22, 2025 - Nov 11, 2025	-13.01% Jul 1, 2014 - Apr 15, 2015
#9	-0.38% Nov 11, 2025 - Nov 25, 2025	-10.06% Jan 23, 2018 - Aug 20, 2018
#10	-0.34% Nov 26, 2025 - Dec 29, 2025	-9.48% Sep 14, 2012 - Dec 18, 2012
#11	-0.26% Jun 4, 2026 - Jun 16, 2026	-9.13% Feb 6, 2026 - Jun 11, 2026
#12	-0.25% Aug 29, 2025 - Sep 3, 2025	-8.86% Jul 31, 2024 - Nov 6, 2024
#13	-0.19% Jun 12, 2025 - Jun 17, 2025	-8.69% May 7, 2021 - Oct 19, 2021
#14	-0.18% Jun 23, 2025 - Jun 30, 2025	-8.00% Nov 16, 2021 - Jan 4, 2022
#15	-0.18% Aug 5, 2025 - Aug 11, 2025	-7.50% Mar 28, 2024 - Jul 16, 2024

Correlation

Correlation between FMUB and FNK is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2011 - 2026)

FMUB vs FNK dividend yield comparison.

Year	FMUB	FNK
2026	1.64%	0.67%
2025	2.63%	1.53%
2024	0.00%	1.63%
2023	0.00%	1.76%
2022	0.00%	1.66%
2021	0.00%	1.27%
2020	0.00%	1.61%
2019	0.00%	1.82%
2018	0.00%	1.76%
2017	0.00%	1.40%
2016	0.00%	1.38%
2015	0.00%	1.45%
2014	0.00%	1.08%
2013	0.00%	0.77%
2012	0.00%	1.71%
2011	0.00%	0.59%