FMUN vs GRNB
Comparison between FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF) and VANECK GREEN BOND ETF (GRNB, ETF).
FMUN vs GRNB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMUN
$181M
Winner
GRNB
$181M
Expense Ratio
Winner
FMUN
0.05%
GRNB
0.20%
Max Drawdown
Winner
FMUN
3.22%
GRNB
21.44%
Sharpe Ratio
Winner
FMUN
1.09
GRNB
0.31
5Y Beta
Winner
FMUN
0.07
GRNB
0.07
5Y Dividends CAGR
FMUN
N/A
GRNB
12.75%
FMUN vs GRNB - Historical Returns
Returns include dividend reinvestment.
1M
FMUN
+0.18%
Winner
GRNB
+0.34%
3M
FMUN
+0.72%
Winner
GRNB
+1.01%
6M
Winner
FMUN
+1.89%
GRNB
+0.78%
1Y
Winner
FMUN
+6.92%
GRNB
+4.41%
5Y(CAGR)
FMUN
N/A
GRNB
+0.72%
10Y(CAGR)
FMUN
N/A
GRNB
+2.25%
Max(CAGR)
Winner
FMUN
+4.75%
GRNB
+2.25%
FMUN vs GRNB - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FMUN | GRNB |
|---|---|---|
| 2026 | +1.24% | +0.53% |
| 2025 | +4.25% | +6.97% |
| 2024 | N/A | +3.92% |
| 2023 | N/A | +6.98% |
| 2022 | N/A | -11.47% |
| 2021 | N/A | -2.31% |
| 2020 | N/A | +7.80% |
| 2019 | N/A | +5.96% |
| 2018 | N/A | -4.22% |
| 2017 | N/A | +9.87% |
FMUN vs GRNB Drawdown Comparison
The maximum drawdown for FMUN was -3.21%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for GRNB was -18.08%, occurring on Oct 20, 2022. Recovery took 1158 trading sessions.
The current FMUN drawdown is -1.03%. The current GRNB drawdown is -0.45%.
| Rank | FMUN | GRNB |
|---|---|---|
| #1 | -3.21% Feb 27, 2026 - Mar 27, 2026 | -18.08% Dec 31, 2020 - Aug 13, 2025 |
| #2 | -2.93% Apr 7, 2025 - Aug 22, 2025 | -7.73% Jan 25, 2018 - Aug 7, 2019 |
| #3 | -0.52% Nov 26, 2025 - Dec 23, 2025 | -7.31% Mar 6, 2020 - Jun 19, 2020 |
| #4 | -0.46% Nov 12, 2025 - Nov 26, 2025 | -2.83% Sep 7, 2017 - Dec 26, 2017 |
| #5 | -0.43% Sep 17, 2025 - Oct 7, 2025 | -2.50% Feb 27, 2026 - Mar 27, 2026 |
| #6 | -0.37% Jan 16, 2026 - Jan 30, 2026 | -2.30% Aug 15, 2019 - Jan 24, 2020 |
| #7 | -0.34% Aug 29, 2025 - Sep 3, 2025 | -1.38% Dec 26, 2017 - Jan 16, 2018 |
| #8 | -0.26% Nov 4, 2025 - Nov 11, 2025 | -1.21% Aug 6, 2020 - Nov 30, 2020 |
| #9 | -0.25% Oct 22, 2025 - Nov 4, 2025 | -1.01% Mar 27, 2017 - Apr 18, 2017 |
| #10 | -0.13% Dec 29, 2025 - Jan 7, 2026 | -1.00% Aug 3, 2017 - Aug 25, 2017 |
| #11 | -0.11% Aug 22, 2025 - Aug 28, 2025 | -0.89% May 2, 2017 - May 16, 2017 |
| #12 | -0.11% Feb 10, 2026 - Feb 12, 2026 | -0.86% Mar 6, 2017 - Mar 15, 2017 |
| #13 | -0.06% Feb 5, 2026 - Feb 9, 2026 | -0.84% Jun 28, 2017 - Jul 14, 2017 |
| #14 | -0.05% Sep 11, 2025 - Sep 15, 2025 | -0.75% Aug 29, 2017 - Sep 7, 2017 |
| #15 | -0.04% Feb 13, 2026 - Feb 19, 2026 | -0.71% Oct 27, 2025 - Nov 28, 2025 |
Correlation
Correlation between FMUN and GRNB is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2017 - 2026)
FMUN vs GRNB dividend yield comparison.
| Year | FMUN | GRNB |
|---|---|---|
| 2026 | 1.35% | 1.74% |
| 2025 | 2.41% | 4.18% |
| 2024 | 0.00% | 3.83% |
| 2023 | 0.00% | 3.17% |
| 2022 | 0.00% | 2.60% |
| 2021 | 0.00% | 1.97% |
| 2020 | 0.00% | 2.24% |
| 2019 | 0.00% | 1.79% |
| 2018 | 0.00% | 1.21% |
| 2017 | 0.00% | 1.09% |
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