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FMUB vs HIMU

Fidelity Municipal Bond Opportunities ETF

FMUBANasdaq

Ishares High Yield Muni Active ETF

HIMUBCboe

Overlap

No data

Expense ratio

FMUB −0.09pt a year

FMUB0.30%HIMU0.39%

Avg volume · 30D

HIMU 7.2×the volume

FMUB97.3KHIMU703K

FMUB vs HIMU Performance

Oct 31, 2025 – Nov 2, 2026

+1.1%FMUB+0.8%HIMU

Oct 31, 2025 to Nov 2, 2026. FMUB +1.1%. HIMU +0.8%. Use the arrow keys to read each point.−4%−2%4%Oct 2025May 2026Nov 2026
Expense ratio
FMUB 0.30%, better
HIMU 0.39%
Fund size
FMUB $246M
HIMU $2.77B
1Y total return
FMUB +1.1%, better
HIMU +0.8%
Yield (12M)
FMUB 3.58%
HIMU 5.88%, better
Holdings
FMUB 711
HIMU 1016
Avg volume (30D)
FMUB 97.3K sh
HIMU 703K sh, better
NAV per share
FMUB $49.75
HIMU $47.12
52W range

ETF.net Grade

FMUB: Cost 100, Risk 61, Mission 89, Tradability 41, Holdings 27, Durability 49. HIMU: Cost 47, Risk 51, Mission 97, Tradability 69, Holdings 52, Durability 87.
Pillar letters and Scores for FMUB, HIMU, with each pillar’s weight
PillarFMUBHIMU
Cost30% weightA100HigherC47
Mission25% weightA89A97Higher
Risk15% weightB61HigherC51
Tradability15% weightC41B69Higher
Holdings10% weightD27C52Higher
Durability5% weightC49A87Higher

Rank among High-Yield Municipal Bonds funds

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

Same Category. FMUB and HIMU are both graded against the same 18 High-Yield Municipal Bonds funds, so their Grades compare head to head.

High-Yield Municipal Bonds⁠

Category · 18 funds
See all 18 ›

FMUB ranks 3rd and HIMU 8th of 18 funds in the High-Yield Municipal Bonds Category.

  1. Rank 1ACGHMCapital Group Municipal High-Income ETFScore 80
  2. Rank 2AHYDVanEck High Yield Muni ETFScore 79
  3. Rank 3AFMUBFidelity Municipal Bond Opportunities ETFScore 72
  4. Rank 4AHYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETFScore 71
  5. Rank 7BTHYMT. Rowe Price High Income Municipal ETFScore 66
  6. Rank 8BHIMUIshares High Yield Muni Active ETFScore 65
  7. Rank 9BSHYMiShares Short Duration High Yield Muni Active ETFScore 62

Our read on each fund

ETF.net Research

FMUBAFidelity Municipal Bond Opportunities ETF

HIMUBIshares High Yield Muni Active ETF

In short

FMUB Tax-free income is the job, but the mandate also leaves room for capital growth. Fidelity's 2023-vintage muni fund spreads across roughly 400 bonds and pays monthly.

HIMU No data

Stated mandate

FMUB The fund seeks high current income exempt from federal income tax, with capital growth also considered.

HIMU No data

Why people hold it

  • FMUB The mandate is broader than the usual muni playbook: high current income exempt from federal income tax, with capital growth also considered.
  • It does what the label says. The portfolio hews closely to its stated muni-income mandate, one of the tighter mandate matches among municipal bond ETFs.
  • Roughly 400 bonds behind it, and the payout runs monthly rather than quarterly.

HIMU No data

Worth knowing

  • FMUB At 0.30%, the fee sits right at the muni-ETF median. Index-tracking staples like VTEB (0.03%) and MUB (0.05%) charge a fraction of that.
  • It trades thinly next to the category's giants, which can mean wider spreads at the moment you place an order.
  • Launched in 2023, so the track record is short and assets stay modest against the multi-billion-dollar muni index funds.

HIMU No data

Full FMUB profile⁠

Full HIMU profile⁠

FMUB vs HIMU 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.

FMUB vs HIMU Cost

Overpaying HIMU vs FMUB

$1,749

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

  • FMUB 0.30%

    $6,149

  • HIMU 0.39%

    $7,898

$10,000
30 years

Cost over time

  • FMUB 0.30%
  • HIMU 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530HIMU $7,898FMUB $6,149

Year by year

YearFMUBHIMUOverpaying
10$545$705$160
20$2,113$2,725$612
30$6,149$7,898$1,749

Expense ratio

  • 0.30%FMUB, cheaper
  • 0.39%HIMU
  • Middle half of High-Yield Municipal Bonds funds
  • Median 0.39%

FMUB cheapest of 18 funds

HIMU 9th cheapest of 18 funds

FMUB vs HIMU Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
FMUB 3.58%
HIMU 5.88%, better
Payout (12M)
FMUB $1.79
HIMU $2.76
Last payment
FMUB $0.12
HIMU $0.20
Ex-dividend
FMUB Oct 29, 2026
HIMU Nov 2, 2026
Paid on
FMUB Nov 2, 2026
HIMU Pays Nov 5, 2026
Frequency
FMUB Monthly
HIMU Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

FMUBMonthly · 20 paymentsAll FMUB payments⁠
One bar per payment. 20 payments from 2025 to 2026 YTD. Apr 29, 2025 $0.11; May 29, 2025 $0.16; Jun 27, 2025 $0.12; Jul 30, 2025 $0.14; Aug 28, 2025 $0.13; Sep 29, 2025 $0.14; Oct 30, 2025 $0.15; Nov 26, 2025 $0.15; Dec 5, 2025 $0.10; Dec 30, 2025 $0.15; Jan 29, 2026 $0.14; Feb 26, 2026 $0.13; Mar 30, 2026 $0.14; Apr 29, 2026 $0.14; May 28, 2026 $0.13; Jun 29, 2026 $0.15; Jul 30, 2026 $0.14; Aug 28, 2026 $0.14; Sep 29, 2026 $0.16; Oct 29, 2026 $0.12. Use the arrow keys to read each point.$0$0.252026YTD
HIMUMonthly · 21 paymentsAll HIMU payments⁠
One bar per payment. 21 payments from 2025 to 2026 YTD. Mar 3, 2025 $0.12; Apr 1, 2025 $0.24; May 1, 2025 $0.21; Jun 2, 2025 $0.19; Jul 1, 2025 $0.21; Aug 1, 2025 $0.19; Sep 2, 2025 $0.20; Oct 1, 2025 $0.16; Nov 3, 2025 $0.23; Dec 1, 2025 $0.24; Dec 19, 2025 $0.23; Feb 2, 2026 $0.20; Mar 2, 2026 $0.20; Apr 1, 2026 $0.24; May 1, 2026 $0.21; Jun 1, 2026 $0.20; Jul 1, 2026 $0.21; Aug 3, 2026 $0.20; Sep 1, 2026 $0.20; Oct 1, 2026 $0.20; Nov 2, 2026 $0.20. Use the arrow keys to read each point.$0$0.252026YTD

FMUB vs HIMU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FMUB 5.4%since May 2025HIMU 7.3%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
FMUB 0.04since May 2025HIMU −0.40since Mar 2025
Worst fallMax drawdown, 5 years
FMUB −6.1%since Apr 2025HIMU −8.3%since Feb 2025
Market sensitivityBeta, 5 years
FMUB 0.91HIMU 0.23

FMUB and HIMU in the news

All news⁠

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