See what your fund actually adds
First Trust Ultra Short Duration Municipal ETF FUMB
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FUMB | Replication |
|---|---|---|
| Annualized growth | 2.0% | 3.2% |
| Annualized volatility | 0.6% | 0.6% |
| Sharpe ratio | 3.50 | 5.69 |
| Maximum drawdown | 1.0% | 1.0% |
| Replication fit (R²) | 0.60 · Tracking error 0.4% | |
Replication portfolio
The published portfolio below is the investable basket used to model FUMB’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| BIL | FI · Ultra-Short | 81.8% |
| VGSH | FI · Short Gov | 11.3% |
| MUB | FI · Municipal | 7.0% |