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FECM vs MUB

First Eagle Core Municipal ETF

FECMCNYSE Arca

iShares National Muni Bond ETF

MUBANYSE Arca

Overlap

No data

Expense ratio

MUB −0.20pt a year

FECM0.25%MUB0.05%

Avg volume · 30D

MUB 8944.3×the volume

FECM1.04KMUB9.29M

FECM vs MUB Performance

Jul 31, 2026 – Oct 30, 2026

−0.7%FECM−0.6%MUB

Jul 31, 2026 to Oct 30, 2026. FECM −0.7%. MUB −0.6%. Use the arrow keys to read each point.−4%−3%−2%1%Jul 2026Sep 2026Oct 2026
Expense ratio
FECM 0.25%
MUB 0.05%, better
Fund size
FECM $16M
MUB $54.4B
1Y total return
FECM No data
MUB +0.1%
Yield (12M)
FECM No data
MUB 3.28%
Holdings
FECM 132
MUB 7950
Avg volume (30D)
FECM 1.04K sh
MUB 9.29M sh, better
NAV per share
FECM $24.33
MUB $103.96
52W range

ETF.net Grade

FECM: Cost 70, Risk 39, Mission not scored, Tradability 13, Holdings 53, Durability 24. MUB: Cost 95, Risk 65, Mission 100, Tradability 69, Holdings 82, Durability 93.
Pillar letters and Scores for FECM, MUB, with each pillar’s weight
PillarFECMMUB
Cost30% weightA70A95Higher
Mission25% weightNot scoredA100
Risk15% weightD39B65Higher
Tradability15% weightF13B69Higher
Holdings10% weightC53A82Higher
Durability5% weightF24A93Higher

Rank among Other Municipal Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FECM and MUB are both graded against the same 63 Other Municipal Bond funds, so their Grades compare head to head.

Other Municipal Bond⁠

Category · 63 funds
See all 63 ›

MUB ranks 2nd and FECM 53rd of 63 funds in the Other Municipal Bond Category.

  1. Rank 1AVTEBVanguard Tax-Exempt Bond ETFScore 88
  2. Rank 2AMUBiShares National Muni Bond ETFScore 86
  3. Rank 2ASCMBSchwab Municipal Bond ETFScore 86
  4. Rank 52CRJMIRJ Eagle Municipal Income ETFScore 48
  5. Rank 53CFECMFirst Eagle Core Municipal ETFScore 47
  6. Rank 54CRMCARockefeller California Municipal Bond ETFScore 43

Our read on each fund

ETF.net Research

FECMCFirst Eagle Core Municipal ETF

MUBAiShares National Muni Bond ETF

In short

FECM No data

MUB Municipal bonds, indexed and cheap. Since 2007, MUB has packaged investment-grade national munis into tax-exempt monthly income for five basis points a year, and it sits among the deepest pools in the muni-ETF aisle.

Stated mandate

FECM No data

MUB The fund seeks to track an index of investment-grade U.S. municipal bonds, providing diversified exposure to the national municipal-bond market and tax-exempt income.

Why people hold it

FECM No data

  • MUB 0.05% a year against a muni-ETF median near 0.30%. In a category built on modest, tax-exempt yields, that fee gap is real money left in the fund.
  • The benchmark is AMT-free: the ICE AMT-Free US National Municipal Index screens out munis whose interest can be pulled into the alternative minimum tax.ishares.com
  • Tracks its index closely, one of the tighter jobs in its peer group, and distributes monthly. A multi-billion-dollar fund that trades actively.
  • Broad investment-grade exposure across the national muni market, spread over thousands of issuers rather than one state's budget.ishares.com

Worth knowing

FECM No data

  • MUB Two rivals undercut it: VTEB and SCMB both run 0.03%. A two-basis-point gap is small, but it is a gap.
  • A bond fund with no maturity date to hold to. Share prices move with interest rates and muni credit conditions, both directions.
  • National by design, so no single-state tilt and no in-state tax angle. iShares runs state-specific muni funds such as NYF for that job.

Full FECM profile⁠

Full MUB profile⁠

FECM vs MUB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FECM vs MUB Cost

Overpaying FECM vs MUB

$4,099

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FECM 0.25%

    $5,159

  • MUB 0.05%

    $1,060

$10,000
30 years

Cost over time

  • FECM 0.25%
  • MUB 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530FECM $5,159MUB $1,060

Year by year

YearFECMMUBOverpaying
10$455$92$363
20$1,769$360$1,409
30$5,159$1,060$4,099

Expense ratio

  • 0.25%FECM
  • 0.05%MUB, cheaper
  • Middle half of Other Municipal Bond funds
  • Median 0.30%

MUB 3rd cheapest of 63 funds

FECM 17th cheapest of 63 funds

FECM vs MUB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FECM No data
MUB 3.28%
Payout (12M)
FECM No data
MUB $3.42
Last payment
FECM $0.09
MUB $0.28
Ex-dividend
FECM Oct 1, 2026
MUB Oct 1, 2026
Paid on
FECM Oct 5, 2026
MUB Oct 6, 2026
Frequency
FECM Monthly
MUB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FECMMonthly · 3 paymentsAll FECM payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Aug 4, 2026 $0.08; Sep 1, 2026 $0.09; Oct 1, 2026 $0.09. Use the arrow keys to read each point.$0$0.2520232026YTD
MUBMonthly · 45 paymentsAll MUB payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.22; Mar 1, 2023 $0.24; Apr 3, 2023 $0.23; May 1, 2023 $0.23; Jun 1, 2023 $0.23; Jul 3, 2023 $0.24; Aug 1, 2023 $0.24; Sep 1, 2023 $0.23; Oct 2, 2023 $0.24; Nov 1, 2023 $0.25; Dec 1, 2023 $0.25; Dec 14, 2023 $0.25; Feb 1, 2024 $0.26; Mar 1, 2024 $0.27; Apr 1, 2024 $0.26; May 1, 2024 $0.26; Jun 3, 2024 $0.28; Jul 1, 2024 $0.26; Aug 1, 2024 $0.26; Sep 3, 2024 $0.27; Oct 1, 2024 $0.28; Nov 1, 2024 $0.27; Dec 2, 2024 $0.27; Dec 18, 2024 $0.27; Feb 3, 2025 $0.27; Mar 3, 2025 $0.28; Apr 1, 2025 $0.28; May 1, 2025 $0.28; Jun 2, 2025 $0.28; Jul 1, 2025 $0.28; Aug 1, 2025 $0.28; Sep 2, 2025 $0.28; Oct 1, 2025 $0.29; Nov 3, 2025 $0.28; Dec 1, 2025 $0.29; Dec 19, 2025 $0.29; Feb 2, 2026 $0.28; Mar 2, 2026 $0.29; Apr 1, 2026 $0.28; May 1, 2026 $0.29; Jun 1, 2026 $0.28; Jul 1, 2026 $0.29; Aug 3, 2026 $0.29; Sep 1, 2026 $0.29; Oct 1, 2026 $0.28. Use the arrow keys to read each point.$0$0.2520232026YTD

FECM vs MUB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FECM No dataMUB 5.7%
Return per unit of riskSharpe ratio, 3 years
FECM No dataMUB −0.03
Worst fallMax drawdown, 5 years
FECM No dataMUB −11.6%
Market sensitivityBeta, 5 years
FECM 0.00MUB 0.90

FECM and MUB in the news

All news⁠

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