FMUBvsGENMETF Comparison
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Fidelity Municipal Bond Opportunities ETF (FMUB) and Genter Capital Municipal Quality Intermediate ETF (GENM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 2 sector exposures: Municipal and Non-Corporate. FMUB is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.39% for GENM. FMUB is down -1.19% year-to-date (YTD) with +$148M in YTD flows. GENM performs better with -0.27% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of FMUB and GENM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FMUB vs GENM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMUB GENM | -0.32%-0.03% | -3.01%-1.73% | -1.19%-0.27% | -0.73%+0.18% | n/an/a | n/an/a |
| Flows | FMUB GENM | +$44M+$1M | +$62M+$3M | +$148M+$15M | +$164M+$21M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMUB GENM | +5.00%+3.61% | +3.14%+2.34% | n/an/a | n/an/a |
| Max drawdown | FMUB GENM | -5.46%-3.80% | -6.03%-4.08% | n/an/a | n/an/a |
| Max drawdown duration | FMUB GENM | 92d92d | 102d100d | n/an/a | n/an/a |
Trading data
FMUB | GENM | |
Last sale 10/19/2026 at 1:30 PM | $49.09 | $9.98 |
| Previous close 10/16/2026 | $49.11 | $9.97 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
FMUB | GENM | |
|---|---|---|
| Last price | $49.09 | $9.98 |
| 1D performance | -0.04% | +0.12% |
| AuM | $288.02 M | $32.10 M |
| E/R | 0.3% | 0.39% |
Characteristics
FMUB | GENM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Fidelity | Genter Capital |
| Benchmark | - | - |
| N° of holdings | 164 | 24 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 8, 2025 | May 22, 2024 |
| ESG | No | No |
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Exposure
Countries
FMUB
USA
34.21%
Other
65.79%
GENM
USA
35.6%
Other
64.4%
Sectors
FMUB
Municipal
26.63%
Non-Corporate
7.58%
Other
65.79%
GENM
Municipal
26.72%
Non-Corporate
8.88%
Other
64.4%
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Diversification
FMUB
Total weight of top 15 holdings out of 15
18.46%
GENM
Total weight of top 15 holdings out of 15
42.31%
Top 15 holdings
Data as of August 31, 2026
FMUB
Fidelity Municipal Cash Central Fund
7.58%
US54659LDS07
1.66%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.91%
US56035DJJ28
0.80%
US23503CFM47
0.76%
Florida Housing Finance Corp., 1.8% 1jul2036, USD (2021)
0.75%
US64987KDJ43
0.75%
San Antonio Electric and Gas Systems, FRN 1feb2055, USD (2026A)
0.75%
US84136HCT86
0.72%
US52349EEY23
0.67%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.66%
US88256FAU66
0.63%
Black Belt Energy Gas District, 5% 1oct2033, USD (2026)
0.61%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.61%
University of Kansas Hospital Authority, 5.5% 1mar2054, USD (2026A)
0.60%
GENM
Fidelity Investments Money Market Funds - Government Portfolio
8.88%
Southeast Energy Authority, 5% 1jan2054, USD (2023B)
3.33%
US717883J787
3.24%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
3.00%
Texas Transportation Commission, 2.8% 1oct2041, USD (2014-B)
2.68%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
2.50%
US92162PAM77
2.47%
US54627CCF86
2.40%
US681725PC59
2.36%
US639285TU95
2.26%
US944514X941
1.98%
US13048RAF47
1.91%
US74440DFN93
1.82%
US904189CK18
1.74%
US810694R761
1.72%
Frequently asked questions about FMUB and GENM
How have the FMUB and GENM ETFs performed in 2026?
As of October 16, 2026, FMUB is down -1.19% year-to-date (YTD), while GENM has lost -0.27%. That puts GENM better performer ahead so far this year.
Which ETF is attracting more investor money: FMUB or GENM?
Year-to-date, the FMUB ETF saw +$148M in flows, compared to +$15M for GENM.
Which ETF is more volatile: FMUB or GENM?
Over the past year, FMUB had a volatility of 3.14%, while GENM experienced 2.34%.
Which ETF is bigger: FMUB or GENM?
As of October 16, 2026, FMUB holds $288.02 M in assets under management (AUM), while GENM manages $32.10 M.
What sectors do the FMUB and GENM ETFs invest in?
FMUB leans toward sectors like Municipal and Non-Corporate. Meanwhile, GENM focuses on Municipal and Non-Corporate.
What are the top holdings of the FMUB ETF and GENM ETF?
FMUB top holdings include Fidelity Municipal Cash Central Fund, US54659LDS07 and Black Belt Energy Gas District, 5% 1jun2031, USD (2026). GENM holds in its top three: Fidelity Investments Money Market Funds - Government Portfolio, Southeast Energy Authority, 5% 1jan2054, USD (2023B) and US717883J787.
Which ETF is more diversified: FMUB or GENM?
FMUB holds 563 securities with 18.46% of its assets in the top 15. GENM has 85 securities and a top 15 weight of 42.31%.
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