FMUN vs MSMR
Comparison between FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF) and MCELHENNY SHEFFIELD MANAGED RISK ETF (MSMR, ETF).
FMUN vs MSMR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FMUN
$181M
MSMR
$180M
Expense Ratio
Winner
FMUN
0.05%
MSMR
1.06%
Max Drawdown
Winner
FMUN
3.22%
MSMR
15.12%
Sharpe Ratio
FMUN
1.09
Winner
MSMR
1.27
5Y Beta
Winner
FMUN
0.07
MSMR
0.44
FMUN vs MSMR - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMUN
+0.18%
MSMR
-1.52%
3M
FMUN
+0.72%
Winner
MSMR
+3.24%
6M
FMUN
+1.89%
Winner
MSMR
+5.36%
1Y
FMUN
+6.92%
Winner
MSMR
+20.15%
5Y(CAGR)
FMUN
N/A
MSMR
+9.93%
Max(CAGR)
FMUN
+4.75%
Winner
MSMR
+9.93%
FMUN vs MSMR - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FMUN | MSMR |
|---|---|---|
| 2026 | +1.24% | +6.06% |
| 2025 | +4.25% | +16.72% |
| 2024 | N/A | +22.41% |
| 2023 | N/A | +18.38% |
| 2022 | N/A | -12.23% |
| 2021 | N/A | -1.12% |
FMUN vs MSMR 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 MSMR was -14.86%, occurring on Sep 19, 2022. Recovery took 410 trading sessions.
The current FMUN drawdown is -1.03%. The current MSMR drawdown is -3.64%.
| Rank | FMUN | MSMR |
|---|---|---|
| #1 | -3.21% Feb 27, 2026 - Mar 27, 2026 | -14.86% Nov 19, 2021 - Jul 12, 2023 |
| #2 | -2.93% Apr 7, 2025 - Aug 22, 2025 | -8.84% Feb 19, 2025 - Jun 30, 2025 |
| #3 | -0.52% Nov 26, 2025 - Dec 23, 2025 | -8.66% Jul 19, 2023 - Jan 19, 2024 |
| #4 | -0.46% Nov 12, 2025 - Nov 26, 2025 | -7.05% Jan 29, 2026 - May 5, 2026 |
| #5 | -0.43% Sep 17, 2025 - Oct 7, 2025 | -4.92% Aug 30, 2024 - Sep 23, 2024 |
| #6 | -0.37% Jan 16, 2026 - Jan 30, 2026 | -4.72% Mar 28, 2024 - Jun 12, 2024 |
| #7 | -0.34% Aug 29, 2025 - Sep 3, 2025 | -4.23% Oct 28, 2025 - Jan 7, 2026 |
| #8 | -0.26% Nov 4, 2025 - Nov 11, 2025 | -3.72% Jun 2, 2026 - Jun 10, 2026 |
| #9 | -0.25% Oct 22, 2025 - Nov 4, 2025 | -3.47% Oct 18, 2024 - Nov 6, 2024 |
| #10 | -0.13% Dec 29, 2025 - Jan 7, 2026 | -3.43% Dec 6, 2024 - Jan 30, 2025 |
| #11 | -0.11% Aug 22, 2025 - Aug 28, 2025 | -3.04% Oct 8, 2025 - Oct 20, 2025 |
| #12 | -0.11% Feb 10, 2026 - Feb 12, 2026 | -2.73% Jul 16, 2024 - Jul 31, 2024 |
| #13 | -0.06% Feb 5, 2026 - Feb 9, 2026 | -2.32% Aug 12, 2025 - Sep 10, 2025 |
| #14 | -0.05% Sep 11, 2025 - Sep 15, 2025 | -2.26% Jul 28, 2025 - Aug 8, 2025 |
| #15 | -0.04% Feb 13, 2026 - Feb 19, 2026 | -1.96% Nov 8, 2024 - Nov 21, 2024 |
Correlation
Correlation between FMUN and MSMR is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2021 - 2026)
FMUN vs MSMR dividend yield comparison.
| Year | FMUN | MSMR |
|---|---|---|
| 2026 | 1.35% | 0.72% |
| 2025 | 2.41% | 1.51% |
| 2024 | 0.00% | 2.26% |
| 2023 | 0.00% | 0.81% |
| 2022 | 0.00% | 0.65% |
| 2021 | 0.00% | 0.07% |
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