First Trust Ultra Short Duration Municipal (FUMB) Performance
FUMB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.0% since Dec 31, 2025
- 1 year
- +2.6% total return
- 5 years
- +2.2% a year
- Since first price
- +1.8% a year since 2018
FUMB trailing returns vs SPY, QQQ, AGG
| Period | FUMB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.4% | −0.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.2% | −0.2% | +7.8% | +8.4% | −1.5% |
| YTD | +2.0% | −0.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.6% | −0.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +9.4%+3.1%/yr | +0.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +11.4%+2.2%/yr | −0.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 5, 2018 | +15.4%+1.8%/yr | −0.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FUMB vs SPY
From Nov 5, 2018: FUMB grew to $11,545, SPY to $31,333.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FUMB returns by calendar year
6 of 7 full years positive. Best 2024 (+3.1%), worst 2022 (−0.0%). 2026 is year to date.
FUMB annual returns table
| Year | FUMB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.0% | −0.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.0% | −0.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.1% | −0.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.8% | −0.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −0.0% | −1.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +0.4% | −0.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +1.2% | −2.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +1.8% | −0.3% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FUMB risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +2.9% | +2.0% | +1.8% |
| Volatility (annualized) | 0.8% | 0.9% | 0.8% |
| Sharpe ratio | -2.13 | -2.04 | -1.17 |
| Sortino ratio | -1.92 | -1.87 | -1.25 |
| Best month | +0.7% | +0.7% | +0.7% |
| Worst month | −0.6% | −0.6% | −0.6% |
| Best 12 months | +3.7% | +3.7% | +3.7% |
| Worst 12 months | +2.0% | −1.1% | −1.1% |
| Positive months | 92% | 80% | 79% |
| Beta vs S&P 500 | 0.02 | 0.03 | — |
| Correlation with S&P 500 | 0.37 | 0.47 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FUMB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 84 | −1.1% | +1.9% | +3.7% | 86% |
| 3-year (a year) | 60 | +0.3% | +1.3% | +3.2% | 100% |
| 5-year (a year) | 36 | +1.2% | +1.6% | +2.2% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
FUMB performance overview
First Trust Ultra Short Duration Municipal (FUMB) returned +2.6% over the past year and +2.2% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +1.8% a year, turning $10,000 into about $11,545. Over the same year S&P 500 (SPY) returned +14.4%.
Related: FUMB chart, FUMB dividends. See the FUMB overview for the latest quote and fund facts.
FUMB performance FAQ
What is the FUMB return over the past year?
FUMB returned +2.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.3%.
What is the average annual return of FUMB?
FUMB has returned +2.2% a year over 5 years, +1.8% a year since November 5, 2018 (total return, distributions reinvested).
How much would $10,000 invested in FUMB be worth?
$10,000 invested in FUMB at its first recorded close on November 5, 2018 would be worth about $11,545 on October 23, 2026 with distributions reinvested.
What was the worst year for FUMB?
The worst calendar year was 2022, with a total return of −0.0%. The best was 2024 at +3.1%.
How volatile is FUMB?
Over the past 3 years FUMB had an annualized volatility of 0.8% and a Sharpe ratio of -2.13 (excess return over 1–3 month T-bills per unit of risk).