FMUN vs ITWO
Comparison between FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF) and ProShares Russell 2000 High Income ETF (ITWO, ETF).
FMUN vs ITWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMUN
$178M
Winner
ITWO
$179M
Expense Ratio
Winner
FMUN
0.05%
ITWO
0.55%
Max Drawdown
Winner
FMUN
3.22%
ITWO
29.46%
Sharpe Ratio
FMUN
1.10
Winner
ITWO
1.53
5Y Beta
Winner
FMUN
0.07
ITWO
1.00
P/E Ratio
FMUN
N/A
ITWO
-21963.97
Forward P/E
FMUN
N/A
ITWO
14.70
5Y EPS CAGR
FMUN
N/A
ITWO
13.47%
Debt to Equity
FMUN
N/A
ITWO
38.04%
P/S Ratio
FMUN
N/A
ITWO
1.29
P/B Ratio
FMUN
N/A
ITWO
2.08
FMUN vs ITWO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMUN
+0.89%
ITWO
+0.00%
3M
FMUN
+0.35%
Winner
ITWO
+10.53%
6M
FMUN
+2.16%
Winner
ITWO
+13.36%
1Y
FMUN
+7.36%
Winner
ITWO
+36.22%
Max(CAGR)
FMUN
+5.10%
Winner
ITWO
+19.30%
FMUN vs ITWO - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | FMUN | ITWO |
|---|---|---|
| 2026 | +1.54% | +13.74% |
| 2025 | +4.25% | +14.22% |
| 2024 | N/A | +3.68% |
FMUN vs ITWO 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 ITWO was -24.74%, occurring on Apr 8, 2025. Recovery took 197 trading sessions.
The current FMUN drawdown is -0.73%. The current ITWO drawdown is -3.62%.
| Rank | FMUN | ITWO |
|---|---|---|
| #1 | -3.21% Feb 27, 2026 - Mar 27, 2026 | -24.74% Nov 25, 2024 - Sep 11, 2025 |
| #2 | -2.93% Apr 7, 2025 - Aug 22, 2025 | -9.81% Jan 22, 2026 - Apr 14, 2026 |
| #3 | -0.52% Nov 26, 2025 - Dec 23, 2025 | -8.21% Oct 27, 2025 - Dec 3, 2025 |
| #4 | -0.46% Nov 12, 2025 - Nov 26, 2025 | -5.00% Nov 11, 2024 - Nov 25, 2024 |
| #5 | -0.43% Sep 17, 2025 - Oct 7, 2025 | -4.62% May 6, 2026 - May 26, 2026 |
| #6 | -0.37% Jan 16, 2026 - Jan 30, 2026 | -3.94% Dec 11, 2025 - Jan 8, 2026 |
| #7 | -0.34% Aug 29, 2025 - Sep 3, 2025 | -3.84% Oct 8, 2025 - Oct 14, 2025 |
| #8 | -0.26% Nov 4, 2025 - Nov 11, 2025 | -3.72% Oct 16, 2024 - Nov 6, 2024 |
| #9 | -0.25% Oct 22, 2025 - Nov 4, 2025 | -3.62% Jun 4, 2026 - Jun 5, 2026 |
| #10 | -0.13% Dec 29, 2025 - Jan 7, 2026 | -3.01% Sep 19, 2024 - Oct 14, 2024 |
| #11 | -0.11% Aug 22, 2025 - Aug 28, 2025 | -2.73% Oct 15, 2025 - Oct 27, 2025 |
| #12 | -0.11% Feb 10, 2026 - Feb 12, 2026 | -2.13% Sep 19, 2025 - Oct 3, 2025 |
| #13 | -0.06% Feb 5, 2026 - Feb 9, 2026 | -1.81% Apr 27, 2026 - May 1, 2026 |
| #14 | -0.05% Sep 11, 2025 - Sep 15, 2025 | -1.62% Sep 5, 2024 - Sep 12, 2024 |
| #15 | -0.04% Feb 13, 2026 - Feb 19, 2026 | -1.47% Jan 15, 2026 - Jan 21, 2026 |
Correlation
Correlation between FMUN and ITWO is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (2024 - 2026)
FMUN vs ITWO dividend yield comparison.
| Year | FMUN | ITWO |
|---|---|---|
| 2026 | 1.35% | 4.13% |
| 2025 | 2.41% | 12.12% |
| 2024 | 0.00% | 4.11% |
Select Stocks to Compare
Popular: FMUN vs SPYITWO vs SPY
More Comparisons
Compare with similar stocks