Fidelity Municipal Bond Opportunities ETF

10-Year Study

FMUB.US · · US · ETF

Executive Summary: Fidelity Municipal Bond Opportunities ETF has compounded at 6.1% annually over the last 10 years, with a maximum drawdown of 2.1% and an annualized volatility of 38.4%.

1Y CAGR
+7.0%
3Y CAGR
+6.1%
5Y CAGR
+6.1%
10Y CAGR
+6.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
2.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.46
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.37
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
3.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · +0.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · 0.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
100%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.61.4-2.11.0————————0.8%
2025————-0.31.10.11.02.11.00.10.15.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 38.4%. The dominant macroeconomic risk driver is HYG.US, accounting for 20.7% of variance. Idiosyncratic stock-specific factors contribute 0.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2025-04-0110000
2025-05-019973.992035580224
2025-06-0110083.902690328652
2025-07-0110093.271373997437
2025-08-0110190.323458477622
2025-09-0110400.422941018838
2025-10-0110504.350933025336
2025-11-0110519.536094359884
2025-12-0110530.483536252235
2026-01-0110595.420354763592
2026-02-0110740.74920386962
2026-03-0110511.829261452749
2026-04-0110612.99442656801
Annual Return Matrix
YearAnnual Return
20260.00783543225073391
Total Factor Risk
0.38400801919011285
VTI.US Exposure
0.1486005662238287
VEA.US Exposure
-0.030602329494375895
VWO.US Exposure
0.14324093251748912
QQQ.US Exposure
0.05259201783264496
VTV.US Exposure
0.10469414937002779
IJR.US Exposure
0.02062269888617368
QUAL.US Exposure
0.01847578881790131
SHV.US Exposure
0.17699111657619881
TLT.US Exposure
0.10670674617202314
LQD.US Exposure
-0.022480243937878827
HYG.US Exposure
0.20712440681176064
GLD.US Exposure
0.005281349515785647
USO.US Exposure
0.0001849400035882425
VNQ.US Exposure
-0.0018315686864849787
BTC-USD.CC Exposure
0.00029836172287674617
CPER.US Exposure
0.0029787470598815597
VIX.INDX Exposure
0.05613567603841625
UUP.US Exposure
-0.0009062220705085888
TIP.US Exposure
0.011892798826644143
Idiosyncratic Exposure
6.781400788663262e-8
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
40.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
38.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →3.40%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$56
Avg Yield on Cost
0.56%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$56.090.56%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.90
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity Municipal Bond Opportunities ETF a high-risk investment?

Fidelity Municipal Bond Opportunities ETF (FMUB.US) has an annualized volatility of 38.4% and experienced a maximum drawdown of 2.1% over the last 10 years. Its primary macro risk driver is HYG.US.

What is the 10-year return of FMUB.US?

Over the past 10 years, FMUB.US has generated a Compound Annual Growth Rate (CAGR) of 6.1%. It has had a positive return in 100% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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