FMUN vs IOCT
Comparison between FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF) and Innovator International Developed Power Buffer ETF - October (IOCT, ETF).
FMUN vs IOCT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FMUN
$178M
IOCT
$178M
Expense Ratio
Winner
FMUN
0.05%
IOCT
0.85%
Max Drawdown
Winner
FMUN
3.22%
IOCT
16.94%
Sharpe Ratio
Winner
FMUN
1.10
IOCT
0.89
5Y Beta
Winner
FMUN
0.07
IOCT
0.40
FMUN vs IOCT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMUN
+0.89%
IOCT
+0.34%
3M
FMUN
+0.35%
Winner
IOCT
+2.41%
6M
FMUN
+2.16%
Winner
IOCT
+5.15%
1Y
FMUN
+7.36%
Winner
IOCT
+11.87%
5Y(CAGR)
FMUN
N/A
IOCT
+8.18%
Max(CAGR)
FMUN
+5.10%
Winner
IOCT
+8.18%
FMUN vs IOCT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FMUN | IOCT |
|---|---|---|
| 2026 | +1.54% | +3.57% |
| 2025 | +4.25% | +19.06% |
| 2024 | N/A | +5.71% |
| 2023 | N/A | +16.44% |
| 2022 | N/A | -6.56% |
| 2021 | N/A | +0.98% |
FMUN vs IOCT 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 IOCT was -16.94%, occurring on Oct 12, 2022. Recovery took 375 trading sessions.
The current FMUN drawdown is -0.73%. The current IOCT drawdown is -1.26%.
| Rank | FMUN | IOCT |
|---|---|---|
| #1 | -3.21% Feb 27, 2026 - Mar 27, 2026 | -16.94% Nov 5, 2021 - May 5, 2023 |
| #2 | -2.93% Apr 7, 2025 - Aug 22, 2025 | -7.54% Mar 19, 2025 - Apr 28, 2025 |
| #3 | -0.52% Nov 26, 2025 - Dec 23, 2025 | -5.84% Feb 26, 2026 - May 6, 2026 |
| #4 | -0.46% Nov 12, 2025 - Nov 26, 2025 | -5.21% Sep 30, 2024 - Mar 5, 2025 |
| #5 | -0.43% Sep 17, 2025 - Oct 7, 2025 | -4.96% Jul 12, 2024 - Aug 16, 2024 |
| #6 | -0.37% Jan 16, 2026 - Jan 30, 2026 | -4.36% Sep 15, 2023 - Nov 14, 2023 |
| #7 | -0.34% Aug 29, 2025 - Sep 3, 2025 | -3.67% Jul 23, 2025 - Aug 13, 2025 |
| #8 | -0.26% Nov 4, 2025 - Nov 11, 2025 | -3.01% Nov 12, 2025 - Dec 10, 2025 |
| #9 | -0.25% Oct 22, 2025 - Nov 4, 2025 | -2.68% Mar 27, 2024 - May 6, 2024 |
| #10 | -0.13% Dec 29, 2025 - Jan 7, 2026 | -2.45% Aug 22, 2025 - Sep 11, 2025 |
| #11 | -0.11% Aug 22, 2025 - Aug 28, 2025 | -2.02% Jun 12, 2025 - Jun 27, 2025 |
| #12 | -0.11% Feb 10, 2026 - Feb 12, 2026 | -1.90% Jun 6, 2024 - Jul 5, 2024 |
| #13 | -0.06% Feb 5, 2026 - Feb 9, 2026 | -1.85% Dec 27, 2023 - Jan 29, 2024 |
| #14 | -0.05% Sep 11, 2025 - Sep 15, 2025 | -1.82% Aug 30, 2024 - Sep 16, 2024 |
| #15 | -0.04% Feb 13, 2026 - Feb 19, 2026 | -1.77% Sep 15, 2025 - Oct 1, 2025 |
Correlation
Correlation between FMUN and IOCT is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
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