MSMR vs FMUN
Comparison between MCELHENNY SHEFFIELD MANAGED RISK ETF (MSMR, ETF) and FIDELITY SYSTEMATIC MUNICIPAL BOND INDEX ETF (FMUN, ETF).
MSMR vs FMUN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MSMR
$180M
Winner
FMUN
$181M
Expense Ratio
MSMR
1.06%
Winner
FMUN
0.05%
Max Drawdown
MSMR
15.12%
Winner
FMUN
3.22%
Sharpe Ratio
Winner
MSMR
1.16
FMUN
1.04
5Y Beta
MSMR
0.43
Winner
FMUN
0.08
MSMR vs FMUN - Historical Returns
Returns include dividend reinvestment.
1M
MSMR
-3.41%
Winner
FMUN
+1.34%
3M
Winner
MSMR
+3.80%
FMUN
+0.69%
6M
Winner
MSMR
+4.73%
FMUN
+1.65%
1Y
Winner
MSMR
+18.93%
FMUN
+7.19%
5Y(CAGR)
MSMR
+9.56%
FMUN
N/A
Max(CAGR)
Winner
MSMR
+9.56%
FMUN
+4.79%
MSMR vs FMUN - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | MSMR | FMUN |
|---|---|---|
| 2026 | +4.58% | +1.37% |
| 2025 | +16.72% | +4.25% |
| 2024 | +22.41% | N/A |
| 2023 | +18.38% | N/A |
| 2022 | -12.23% | N/A |
| 2021 | -1.12% | N/A |
MSMR vs FMUN Drawdown Comparison
The maximum drawdown for MSMR was -14.86%, occurring on Sep 19, 2022. Recovery took 410 trading sessions.
The maximum drawdown for FMUN was -3.21%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The current MSMR drawdown is -4.98%. The current FMUN drawdown is -0.90%.
| Rank | MSMR | FMUN |
|---|---|---|
| #1 | -14.86% Nov 19, 2021 - Jul 12, 2023 | -3.21% Feb 27, 2026 - Mar 27, 2026 |
| #2 | -8.84% Feb 19, 2025 - Jun 30, 2025 | -2.93% Apr 7, 2025 - Aug 22, 2025 |
| #3 | -8.66% Jul 19, 2023 - Jan 19, 2024 | -0.52% Nov 26, 2025 - Dec 23, 2025 |
| #4 | -7.05% Jan 29, 2026 - May 5, 2026 | -0.46% Nov 12, 2025 - Nov 26, 2025 |
| #5 | -5.28% Jun 2, 2026 - Jun 17, 2026 | -0.43% Sep 17, 2025 - Oct 7, 2025 |
| #6 | -4.92% Aug 30, 2024 - Sep 23, 2024 | -0.37% Jan 16, 2026 - Jan 30, 2026 |
| #7 | -4.72% Mar 28, 2024 - Jun 12, 2024 | -0.34% Aug 29, 2025 - Sep 3, 2025 |
| #8 | -4.23% Oct 28, 2025 - Jan 7, 2026 | -0.26% Nov 4, 2025 - Nov 11, 2025 |
| #9 | -3.47% Oct 18, 2024 - Nov 6, 2024 | -0.25% Oct 22, 2025 - Nov 4, 2025 |
| #10 | -3.43% Dec 6, 2024 - Jan 30, 2025 | -0.13% Dec 29, 2025 - Jan 7, 2026 |
| #11 | -3.04% Oct 8, 2025 - Oct 20, 2025 | -0.11% Aug 22, 2025 - Aug 28, 2025 |
| #12 | -2.73% Jul 16, 2024 - Jul 31, 2024 | -0.11% Feb 10, 2026 - Feb 12, 2026 |
| #13 | -2.32% Aug 12, 2025 - Sep 10, 2025 | -0.06% Feb 5, 2026 - Feb 9, 2026 |
| #14 | -2.26% Jul 28, 2025 - Aug 8, 2025 | -0.05% Sep 11, 2025 - Sep 15, 2025 |
| #15 | -1.96% Nov 8, 2024 - Nov 21, 2024 | -0.04% Feb 13, 2026 - Feb 19, 2026 |
Correlation
Correlation between MSMR and FMUN is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2021 - 2026)
MSMR vs FMUN dividend yield comparison.
| Year | MSMR | FMUN |
|---|---|---|
| 2026 | 0.73% | 1.35% |
| 2025 | 1.51% | 2.41% |
| 2024 | 2.26% | 0.00% |
| 2023 | 0.81% | 0.00% |
| 2022 | 0.65% | 0.00% |
| 2021 | 0.07% | 0.00% |
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