First Trust Ultra Short Duration Municipal

10-Year Study

FUMB.US · · US · ETF

Executive Summary: First Trust Ultra Short Duration Municipal has compounded at 1.8% annually over the last 10 years, with a maximum drawdown of 1.2% and an annualized volatility of 3.2%.

1Y CAGR
+2.6%
3Y CAGR
+3.0%
5Y CAGR
+1.9%
10Y CAGR
+1.8%

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 →
1.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-3.54
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-5.50
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
0.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · +3.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -0.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
88%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.50.2-0.30.2————————0.6%
20250.30.20.30.10.30.30.30.20.10.00.50.23.0%
20240.40.2-0.10.20.40.30.60.30.10.00.40.23.1%
20230.3-0.10.40.10.10.40.10.2-0.00.20.70.32.8%
2022-0.4-0.0-0.4-0.10.30.10.2-0.3-0.30.20.70.2-0.0%
20210.1-0.00.2-0.10.10.00.10.0-0.1-0.10.10.00.4%
2020-0.10.10.30.10.00.00.50.1-0.1-0.10.30.21.2%
2019-0.30.30.20.10.20.20.20.40.10.3-0.00.21.8%
2018———————————0.30.3%

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 3.2%. The dominant macroeconomic risk driver is SHV.US, accounting for 96.6% of variance. Idiosyncratic stock-specific factors contribute 1.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2018-11-0110000
2018-12-0110030.73311521516
2019-01-0110001.304172785884
2019-02-0110031.810475342629
2019-03-0110047.347142444021
2019-04-0110060.388870302852
2019-05-0110080.972119053966
2019-06-0110101.61207096968
2019-07-0110119.700380478236
2019-08-0110158.088422914883
2019-09-0110166.140272288596
2019-10-0110196.533168516133
2019-11-0110191.486586866415
2019-12-0110207.193363461614
2020-01-0110200.105467886166
2020-02-0110209.745005868777
2020-03-0110237.246040701531
2020-04-0110246.885578684147
2020-05-0110251.421831852436
2020-06-0110254.994131222464
2020-07-0110307.557964810017
2020-08-0110314.19223506864
2020-09-0110302.965008477126
2020-10-0110291.681078721002
2020-11-0110318.841894566136
2020-12-0110334.718780655148
2021-01-0110340.332393950906
2021-02-0110335.22910913658
2021-03-0110360.858939537415
2021-04-0110355.188623077054
2021-05-0110367.03958447921
2021-06-0110368.060241442074
2021-07-0110373.730557902436
2021-08-0110378.833842716762
2021-09-0110371.12221233067
2021-10-0110360.858939537415
2021-11-0110371.12221233067
2021-12-0110373.730557902436
2022-01-0110327.404072421283
2022-02-0110325.36275849555
2022-03-0110280.000226812657
2022-04-0110269.736954019403
2022-05-0110296.557550876914
2022-06-0110302.738195818709
2022-07-0110324.39880469729
2022-08-0110293.38217365911
2022-09-0110258.453024263283
2022-10-0110283.062197701254
2022-11-0110351.786433200838
2022-12-0110370.498477520032
2023-01-0110397.489183871352
2023-02-0110386.602176267457
2023-03-0110431.454379468918
2023-04-0110442.454793402021
2023-05-0110451.357190244787
2023-06-0110498.080597878168
2023-07-0110513.333749156542
2023-08-0110529.437447903969
2023-09-0110528.133275118083
2023-10-0110553.989918177333
2023-11-0110630.822706215235
2023-12-0110665.354933458837
2024-01-0110703.119241084843
2024-02-0110725.573694267876
2024-03-0110719.619861984498
2024-04-0110735.723560731925
2024-05-0110779.668513299726
2024-06-0110808.133501930743
2024-07-0110872.831812743469
2024-08-0110908.498103279142
2024-09-0110920.405767845905
2024-10-0110925.055427343399
2024-11-0110971.608725482969
2024-12-0110990.717691954387
2025-01-0111026.327279325458
2025-02-0111045.549652126085
2025-03-0111075.829142024419
2025-04-0111084.164507221149
2025-05-0111122.892768645419
2025-06-0111161.677733234292
2025-07-0111200.009072506336
2025-08-0111226.772966199243
2025-09-0111241.799304819202
2025-10-0111245.144791530816
2025-11-0111299.636532714892
2025-12-0111322.771423873166
2026-01-0111382.593262529983
2026-02-0111403.006401787283
2026-03-0111368.984503025114
2026-04-0111391.665768866562
Annual Return Matrix
YearAnnual Return
20190.017591959253585365
20200.012493680941720209
20210.003774827169976902
2022-0.0003115639416663152
20230.028432235593878197
20240.03050651014668415
20250.03021219734920977
20260.006084583218569195
Total Factor Risk
0.03210619562000924
VTI.US Exposure
0.010190225957384126
VEA.US Exposure
0.0014429323337900631
VWO.US Exposure
0.002933568451718216
QQQ.US Exposure
-0.004111747055519429
VTV.US Exposure
-0.000537871782956981
IJR.US Exposure
0.0005748974501204696
QUAL.US Exposure
-0.002708681475701553
SHV.US Exposure
0.9656649554628972
TLT.US Exposure
0.002698001760905753
LQD.US Exposure
0.004668583218283952
HYG.US Exposure
-0.000985777286812551
GLD.US Exposure
-0.000832778003702739
USO.US Exposure
0.0006734528693569517
VNQ.US Exposure
-0.001540509705228116
BTC-USD.CC Exposure
-0.00024130220484384944
CPER.US Exposure
-0.0004982285701501098
VIX.INDX Exposure
0.0012011376217647318
UUP.US Exposure
0.0004840446533856551
TIP.US Exposure
0.00528704739122934
Idiosyncratic Exposure
0.015638048914078842
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
34.2
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
3.2%

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 →2.85%
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
$52
Avg Yield on Cost
0.52%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$52.170.52%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 →
+0.8%
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 →
0.2% 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 →
0.08
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is First Trust Ultra Short Duration Municipal a high-risk investment?

First Trust Ultra Short Duration Municipal (FUMB.US) has an annualized volatility of 3.2% and experienced a maximum drawdown of 1.2% over the last 10 years. Its primary macro risk driver is SHV.US.

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

Over the past 10 years, FUMB.US has generated a Compound Annual Growth Rate (CAGR) of 1.8%. It has had a positive return in 88% 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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