FUMB vs IIF

Comparison between FIRST TRUST ULTRA SHORT DURATION MUNICIPAL ETF (FUMB, ETF) and Morgan Stanley India Investment Fund Inc (IIF, ETF).

5-Year PerformanceIIF has outperformed FUMB, delivering a return of +9.0% compared to +2.0%

FUMB vs IIF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FUMB(ETF)	IIF(ETF)
Net Assets	$243M	$242M
Expense Ratio	0.29%	N/A
Max Drawdown	2.68%	85.15%
Sharpe Ratio	-1.57	-0.83
5Y Beta	-0.00	0.46
5Y Dividends CAGR	34.36%	128.74%

Net Assets

Winner

FUMB

$243M

IIF

$242M

Expense Ratio

FUMB

0.29%

IIF

N/A

Max Drawdown

Winner

FUMB

2.68%

IIF

85.15%

Sharpe Ratio

FUMB

-1.57

Winner

IIF

-0.83

5Y Beta

Winner

FUMB

-0.00

IIF

0.46

5Y Dividends CAGR

FUMB

34.36%

Winner

IIF

128.74%

FUMB vs IIF - Historical Returns

Returns include dividend reinvestment.

Period	FUMB	IIF
1 month	+0.12%	+1.69%
3 months	+0.72%	+1.87%
6 months	+1.18%	-3.26%
1 year	+2.44%	-10.22%
5 years(CAGR)	+2.03%	+9.04%
10 years(CAGR)	N/A	+8.09%
Max(CAGR)	+1.79%	+13.74%

FUMB

+0.12%

Winner

IIF

+1.69%

FUMB

+0.72%

Winner

IIF

+1.87%

Winner

FUMB

+1.18%

IIF

-3.26%

Winner

FUMB

+2.44%

IIF

-10.22%

5Y(CAGR)

FUMB

+2.03%

Winner

IIF

+9.04%

10Y(CAGR)

FUMB

N/A

IIF

+8.09%

Max(CAGR)

FUMB

+1.79%

Winner

IIF

+13.74%

FUMB vs IIF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FUMB	IIF
2026	+1.37%	-9.18%
2025	+2.89%	+5.62%
2024	+3.00%	+30.11%
2023	+2.97%	+21.08%
2022	+0.17%	-10.32%
2021	+0.33%	+30.04%
2020	+1.30%	+5.23%
2019	+2.01%	+0.04%
2018	+0.30%	-21.78%
2017	N/A	+50.17%
2016	N/A	+8.14%
2015	N/A	-6.26%
2014	N/A	+58.58%
2013	N/A	-7.61%
2012	N/A	+27.71%
2011	N/A	-43.26%
2010	N/A	+22.07%
2009	N/A	+68.48%
2008	N/A	-55.37%
2007	N/A	+77.20%
2006	N/A	+43.07%
2005	N/A	+31.95%
2004	N/A	+16.57%
2003	N/A	+170.13%
2002	N/A	+14.42%
2001	N/A	-11.08%
2000	N/A	-26.41%
1999	N/A	+36.82%

FUMB vs IIF Drawdown Comparison

The maximum drawdown for FUMB was -2.68%, occurring on Mar 20, 2020. Recovery took 13 trading sessions.

The maximum drawdown for IIF was -66.78%, occurring on Nov 20, 2008. Recovery took 694 trading sessions.

The current FUMB drawdown is -0.10%. The current IIF drawdown is -13.23%.

Rank	FUMB	IIF
#1	-2.68% Mar 9, 2020 - Mar 26, 2020	-66.78% Jan 2, 2008 - Oct 4, 2010
#2	-1.25% Aug 5, 2021 - Jan 10, 2023	-59.10% Jan 23, 2018 - Aug 30, 2021
#3	-1.14% Mar 26, 2020 - Jul 30, 2020	-54.90% Feb 8, 2000 - Aug 22, 2003
#4	-0.60% Apr 3, 2025 - May 15, 2025	-49.86% Nov 5, 2010 - Nov 18, 2014
#5	-0.50% Dec 27, 2023 - Jan 30, 2024	-36.83% May 10, 2006 - Jul 9, 2007
#6	-0.48% Aug 19, 2020 - Dec 3, 2020	-34.47% Jan 13, 2004 - Dec 21, 2004
#7	-0.45% Dec 31, 2018 - Feb 25, 2019	-28.32% Mar 5, 2015 - Feb 2, 2017
#8	-0.38% Jan 26, 2023 - Mar 10, 2023	-24.17% Jun 27, 2025 - Mar 30, 2026
#9	-0.35% Nov 5, 2018 - Dec 3, 2018	-23.35% Jan 12, 2022 - Dec 6, 2023
#10	-0.35% Dec 30, 2019 - Feb 3, 2020	-21.21% Sep 19, 2005 - Jan 6, 2006
#11	-0.35% Feb 8, 2021 - Jun 14, 2021	-17.77% Mar 4, 2005 - Jun 22, 2005
#12	-0.30% Aug 14, 2023 - Aug 22, 2023	-17.61% Sep 27, 2024 - Jun 11, 2025
#13	-0.30% Feb 1, 2024 - Feb 22, 2024	-15.76% Nov 4, 2003 - Dec 1, 2003
#14	-0.30% Dec 6, 2018 - Dec 21, 2018	-15.75% Jul 23, 2007 - Sep 19, 2007
#15	-0.30% Jul 30, 2020 - Aug 7, 2020	-15.56% Oct 29, 2007 - Dec 5, 2007

Correlation

Correlation between FUMB and IIF is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2000 - 2026)

FUMB vs IIF dividend yield comparison.

Year	FUMB	IIF
2026	1.59%	0.00%
2025	2.90%	7.95%
2024	2.86%	10.67%
2023	2.24%	14.61%
2022	1.02%	19.62%
2021	0.43%	3.75%
2020	0.94%	0.02%
2019	1.74%	0.14%
2018	0.15%	30.40%
2017	0.00%	15.23%
2016	0.00%	4.46%
2015	0.00%	0.16%
2011	0.00%	8.41%
2010	0.00%	9.64%
2008	0.00%	152.11%
2007	0.00%	52.30%
2006	0.00%	10.43%
2005	0.00%	10.39%
2004	0.00%	0.30%
2003	0.00%	0.75%
2002	0.00%	0.13%
2001	0.00%	12.29%
2000	0.00%	14.49%