FTRB vs MMU

Comparison between FEDERATED HERMES TOTAL RETURN BOND ETF (FTRB, ETF) and Western Asset Managed Municipals Fund Inc (MMU, ETF).

FTRB vs MMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FTRB(ETF)	MMU(ETF)
Net Assets	$585M	$586M
Expense Ratio	0.39%	N/A
Max Drawdown	6.32%	46.70%
Sharpe Ratio	-0.26	0.66
5Y Beta	0.03	0.17
5Y Dividends CAGR	N/A	4.49%

Net Assets

FTRB

$585M

Winner

MMU

$586M

Expense Ratio

FTRB

0.39%

MMU

N/A

Max Drawdown

Winner

FTRB

6.32%

MMU

46.70%

Sharpe Ratio

FTRB

-0.26

Winner

MMU

0.66

5Y Beta

Winner

FTRB

0.03

MMU

0.17

5Y Dividends CAGR

FTRB

N/A

MMU

4.49%

FTRB vs MMU - Historical Returns

Returns include dividend reinvestment.

Period	FTRB	MMU
1 month	+0.75%	+0.94%
3 months	+0.21%	+0.72%
6 months	-1.38%	-1.78%
1 year	+2.72%	+9.14%
5 years(CAGR)	N/A	-0.57%
10 years(CAGR)	N/A	+1.04%
Max(CAGR)	+3.90%	+5.84%

FTRB

+0.75%

Winner

MMU

+0.94%

FTRB

+0.21%

Winner

MMU

+0.72%

Winner

FTRB

-1.38%

MMU

-1.78%

FTRB

+2.72%

Winner

MMU

+9.14%

5Y(CAGR)

FTRB

N/A

MMU

-0.57%

10Y(CAGR)

FTRB

N/A

MMU

+1.04%

Max(CAGR)

FTRB

+3.90%

Winner

MMU

+5.84%

FTRB vs MMU - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FTRB	MMU
2026	+0.27%	+1.14%
2025	+7.64%	+6.96%
2024	+2.55%	+5.34%
2023	N/A	+4.91%
2022	N/A	-19.58%
2021	N/A	+6.24%
2020	N/A	+0.29%
2019	N/A	+5.60%
2018	N/A	-4.82%
2017	N/A	+8.30%
2016	N/A	+1.72%
2015	N/A	+10.34%
2014	N/A	+18.47%
2013	N/A	-11.35%
2012	N/A	+14.07%
2011	N/A	+20.27%
2010	N/A	+3.61%
2009	N/A	+37.35%
2008	N/A	-9.63%
2007	N/A	+3.15%
2006	N/A	+10.06%
2005	N/A	+3.14%
2004	N/A	+0.27%
2003	N/A	+14.43%
2002	N/A	+8.40%
2001	N/A	+7.38%
2000	N/A	+16.78%
1999	N/A	-6.08%

FTRB vs MMU Drawdown Comparison

The maximum drawdown for FTRB was -4.83%, occurring on Jan 13, 2025. Recovery took 197 trading sessions.

The maximum drawdown for MMU was -34.50%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current FTRB drawdown is -1.38%. The current MMU drawdown is -5.83%.

Rank	FTRB	MMU
#1	-4.83% Sep 16, 2024 - Jul 1, 2025	-34.50% Aug 8, 2019 - Mar 18, 2020
#2	-3.19% Feb 1, 2024 - Jun 14, 2024	-32.11% May 28, 2008 - Apr 21, 2009
#3	-2.80% Feb 27, 2026 - May 19, 2026	-26.42% Nov 26, 2012 - Mar 4, 2015
#4	-1.23% Jan 12, 2024 - Feb 1, 2024	-16.43% Dec 20, 2017 - Feb 26, 2019
#5	-1.18% Jun 24, 2024 - Jul 8, 2024	-14.63% Aug 23, 2016 - Dec 20, 2017
#6	-1.15% Jul 1, 2025 - Aug 1, 2025	-13.52% Sep 10, 2010 - Sep 7, 2011
#7	-0.91% Sep 9, 2025 - Oct 15, 2025	-12.27% Mar 8, 2004 - Nov 26, 2004
#8	-0.90% Aug 5, 2024 - Aug 14, 2024	-9.50% Feb 9, 2012 - May 3, 2012
#9	-0.88% Oct 28, 2025 - Nov 25, 2025	-8.49% Nov 16, 1999 - Jun 22, 2000
#10	-0.87% Nov 26, 2025 - Feb 9, 2026	-7.74% Oct 6, 2009 - Jan 14, 2010
#11	-0.73% Jul 17, 2024 - Jul 30, 2024	-7.60% Apr 24, 2015 - Jul 29, 2015
#12	-0.55% Aug 13, 2025 - Aug 26, 2025	-7.25% Sep 7, 2001 - Nov 7, 2001
#13	-0.50% Aug 23, 2024 - Sep 3, 2024	-7.17% Jul 27, 2012 - Sep 21, 2012
#14	-0.46% Jan 4, 2024 - Jan 11, 2024	-7.06% May 14, 2007 - Jan 3, 2008
#15	-0.38% Jul 12, 2024 - Jul 17, 2024	-6.87% Oct 2, 2002 - May 14, 2003

Correlation

Correlation between FTRB and MMU is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (1999 - 2026)

FTRB vs MMU dividend yield comparison.

Year	FTRB	MMU
2026	2.27%	4.30%
2025	4.46%	6.26%
2024	4.40%	6.16%
2023	0.00%	4.36%
2022	0.00%	4.65%
2021	0.00%	3.88%
2020	0.00%	4.21%
2019	0.00%	4.96%
2018	0.00%	5.68%
2017	0.00%	5.37%
2016	0.00%	5.67%
2015	0.00%	5.50%
2014	0.00%	5.74%
2013	0.00%	6.39%
2012	0.00%	5.43%
2011	0.00%	5.82%
2010	0.00%	6.40%
2009	0.00%	5.29%
2008	0.00%	5.79%
2007	0.00%	4.97%
2006	0.00%	5.16%
2005	0.00%	5.54%
2004	0.00%	6.35%
2003	0.00%	6.10%
2002	0.00%	5.87%
2001	0.00%	5.77%
2000	0.00%	6.04%
1999	0.00%	1.10%