ZMUN vs SQLV
Comparison between F/M CALLABLE TAX-FREE MUNICIPAL ETF (ZMUN, ETF) and ROYCE QUANT SMALL-CAP QUALITY VALUE ETF (SQLV, ETF).
ZMUN vs SQLV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ZMUN
$27M
SQLV
$27M
Expense Ratio
Winner
ZMUN
0.30%
SQLV
0.60%
Max Drawdown
Winner
ZMUN
0.45%
SQLV
49.78%
Sharpe Ratio
ZMUN
-0.56
Winner
SQLV
1.23
5Y Beta
Winner
ZMUN
0.00
SQLV
0.93
P/E Ratio
ZMUN
N/A
SQLV
19.34
Forward P/E
ZMUN
N/A
SQLV
12.23
5Y Dividends CAGR
ZMUN
N/A
SQLV
9.55%
5Y EPS CAGR
ZMUN
N/A
SQLV
9.46%
Debt to Equity
ZMUN
N/A
SQLV
19.30%
P/S Ratio
ZMUN
N/A
SQLV
0.92
P/B Ratio
ZMUN
N/A
SQLV
1.77
ZMUN vs SQLV - Historical Returns
Returns include dividend reinvestment.
1M
ZMUN
+0.28%
Winner
SQLV
+6.53%
3M
ZMUN
+0.88%
Winner
SQLV
+16.78%
6M
ZMUN
+1.84%
Winner
SQLV
+14.58%
1Y
ZMUN
N/A
SQLV
+28.45%
5Y(CAGR)
ZMUN
N/A
SQLV
+6.77%
10Y(CAGR)
ZMUN
N/A
SQLV
+9.42%
Max(CAGR)
ZMUN
+3.48%
Winner
SQLV
+9.42%
ZMUN vs SQLV - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | ZMUN | SQLV |
|---|---|---|
| 2026 | +1.66% | +17.85% |
| 2025 | +0.73% | +2.93% |
| 2024 | N/A | +5.13% |
| 2023 | N/A | +20.86% |
| 2022 | N/A | -13.66% |
| 2021 | N/A | +37.16% |
| 2020 | N/A | +7.04% |
| 2019 | N/A | +17.16% |
| 2018 | N/A | -10.70% |
| 2017 | N/A | +8.51% |
ZMUN vs SQLV Drawdown Comparison
The maximum drawdown for ZMUN was -0.08%, occurring on Nov 5, 2025. Recovery took 9 trading sessions.
The maximum drawdown for SQLV was -48.31%, occurring on Mar 18, 2020. Recovery took 590 trading sessions.
| Rank | ZMUN | SQLV |
|---|---|---|
| #1 | -0.08% Oct 28, 2025 - Nov 10, 2025 | -48.31% Aug 21, 2018 - Dec 23, 2020 |
| #2 | -0.07% May 4, 2026 - May 11, 2026 | -26.87% Dec 2, 2024 - Jan 15, 2026 |
| #3 | -0.07% Mar 4, 2026 - Mar 12, 2026 | -23.81% Nov 11, 2021 - Dec 19, 2023 |
| #4 | -0.06% Jan 27, 2026 - Feb 4, 2026 | -9.86% Jul 31, 2024 - Nov 6, 2024 |
| #5 | -0.05% Oct 3, 2025 - Oct 15, 2025 | -8.60% Dec 26, 2023 - Jul 16, 2024 |
| #6 | -0.05% Apr 28, 2026 - May 1, 2026 | -8.53% Jul 20, 2017 - Sep 28, 2017 |
| #7 | -0.05% Jun 9, 2026 - Jun 12, 2026 | -8.08% Mar 12, 2021 - May 14, 2021 |
| #8 | -0.05% Feb 18, 2026 - Feb 23, 2026 | -8.00% Jan 19, 2018 - Apr 17, 2018 |
| #9 | -0.04% Apr 2, 2026 - Apr 8, 2026 | -7.70% Feb 6, 2026 - Apr 14, 2026 |
| #10 | -0.04% Apr 9, 2026 - Apr 16, 2026 | -7.37% Jun 8, 2021 - Sep 27, 2021 |
| #11 | -0.04% Jan 20, 2026 - Jan 26, 2026 | -4.94% Nov 11, 2024 - Nov 25, 2024 |
| #12 | -0.04% Apr 17, 2026 - Apr 24, 2026 | -4.59% Jan 25, 2021 - Feb 8, 2021 |
| #13 | -0.03% Feb 10, 2026 - Feb 13, 2026 | -3.86% May 8, 2026 - May 26, 2026 |
| #14 | -0.03% Nov 11, 2025 - Nov 18, 2025 | -3.27% Jan 22, 2026 - Feb 6, 2026 |
| #15 | -0.03% Jan 9, 2026 - Jan 13, 2026 | -2.92% Sep 27, 2021 - Oct 14, 2021 |
Correlation
Correlation between ZMUN and SQLV is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2017 - 2026)
ZMUN vs SQLV dividend yield comparison.
| Year | ZMUN | SQLV |
|---|---|---|
| 2026 | 1.58% | 0.23% |
| 2025 | 0.70% | 1.15% |
| 2024 | 0.00% | 1.11% |
| 2023 | 0.00% | 1.09% |
| 2022 | 0.00% | 1.24% |
| 2021 | 0.00% | 1.12% |
| 2020 | 0.00% | 1.22% |
| 2019 | 0.00% | 1.20% |
| 2018 | 0.00% | 1.08% |
| 2017 | 0.00% | 0.40% |
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