See what your fund actually adds
E*TRADE No Fee Municipal Bond Index Fund ETMUX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | ETMUX | Replication |
|---|---|---|
| Annualized growth | 2.1% | 1.6% |
| Annualized volatility | 3.6% | 3.5% |
| Sharpe ratio | 0.59 | 0.46 |
| Maximum drawdown | 6.0% | 5.3% |
| Replication fit (R²) | 0.95 · Tracking error 0.8% | |
Replication portfolio
The published portfolio below is the investable basket used to model ETMUX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 97.8% |
| EMLC | FI · EM Local Currency | 2.2% |