PCEFvsFMUBETF Comparison
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Invesco CEF Income Composite ETF (PCEF) belongs to the Multi-Asset: Other segment. Fidelity Municipal Bond Opportunities ETF (FMUB) is part of the Municipal Bonds segment. PCEF's top 1 sector exposures are Non-Corporate. In contrast, FMUB's top sector exposures are Municipal and Non-Corporate. PCEF is more expensive with a Total Expense Ratio (TER) of 2.76%, versus 0.3% for FMUB. PCEF is up 5.77% year-to-date (YTD) with -$31M in YTD flows. FMUB performs worse with 0.08% YTD performance, and +$103M in YTD flows. Run a side-by-side ETF comparison of PCEF and FMUB 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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PCEF vs FMUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PCEF FMUB | -1.78%-1.52% | +2.36%-1.77% | +5.77%+0.08% | +7.18%+2.14% | +45.25%n/a | +24.27%n/a |
| Flows | PCEF FMUB | -$1M+$4M | -$20M+$40M | -$31M+$103M | -$44M+$126M | +$38M- | +$14M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PCEF FMUB | +7.95%+2.57% | +9.03%+2.31% | +10.28%n/a | +11.17%n/a |
| Max drawdown | PCEF FMUB | -2.68%-2.35% | -8.38%-2.57% | -14.10%n/a | -24.29%n/a |
| Max drawdown duration | PCEF FMUB | 19d65d | 63d115d | 124dn/a | 1015dn/a |
Trading data
PCEF | FMUB | |
Last sale 9/11/2026 at 3:50 PM | $19.98 | $49.54 |
| Previous close 09/10/2026 | $19.94 | $49.42 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FMUB
is actively managed and doesn’t replicate an indexPCEF | FMUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 3:50 PM
Live
Closed
PCEF | FMUB | |
|---|---|---|
| Last price | $19.98 | $49.54 |
| 1D performance | +0.20% | +0.25% |
| AuM | $796.61 M | $246.01 M |
| E/R | 2.76% | 0.3% |
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Exposure
Countries
PCEF
USA
100%
Other
0%
FMUB
USA
37.88%
Other
62.12%
Sectors
PCEF
Non-Corporate
100%
Other
0%
FMUB
Municipal
27.48%
Non-Corporate
10.4%
Other
62.12%
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Diversification
PCEF
Total weight of top 15 holdings out of 15
38.26%
FMUB
Total weight of top 15 holdings out of 15
21.9%
Top 15 holdings
Data as of July 31, 2026
PCEF
Eaton Vance Tax Managed Global Diversified Equity Income Fund
4.41%
Nuveen S&P 500 Dynamic Overwrite Fund
4.26%
BlackRock Science & Technology Term Trust
2.77%
Eaton Vance Tax Managed Diversified Equity Income Fund
2.73%
BlackRock Enhanced Equity Dividend Trust
2.57%
Nuveen Preferred & Income Opportunities Fund
2.57%
Eaton Vance Tax Managed Buy Write Opportunities Fund
2.46%
BlackRock Corporate High Yield Fund, Inc.
2.44%
BlackRock Science & Technology Trust
2.34%
PIMCO Corporate & Income Opportunity Fund
2.12%
Virtus Dividend Interest & Premium Strategy Fund
2.08%
Nuveen Floating Rate Income Fund /CEF/
2.04%
Guggenheim Strategic Opportunities Fund
2.03%
Eaton Vance Tax Managed Global Buy Write Opportunities Fund
1.75%
BlackRock ESG Capital Allocation Term Trust
1.72%
FMUB
Fidelity Municipal Cash Central Fund
10.40%
US54659LDS07
1.78%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.98%
US56035DJJ28
0.86%
US23503CFM47
0.82%
US64987KDJ43
0.80%
San Antonio Electric and Gas Systems, FRN 1feb2055, USD (2026A)
0.80%
US84136HCT86
0.77%
US52349EEY23
0.72%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.71%
US88256FAU66
0.67%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.65%
Black Belt Energy Gas District, 5% 1oct2033, USD (2026)
0.65%
University of Kansas Hospital Authority, 5.5% 1mar2054, USD (2026A)
0.65%
Illinois Finance Authority, 5.25% 1jul2035, USD (2019)
0.64%
Frequently asked questions about PCEF and FMUB
How have the PCEF and FMUB ETFs performed in 2026?
As of September 10, 2026, PCEF is up 5.77% year-to-date (YTD), while FMUB has returned 0.08%. That puts PCEF better performer ahead so far this year.
Which ETF is attracting more investor money: PCEF or FMUB?
Year-to-date, the PCEF ETF saw -$31M in flows, compared to +$103M for FMUB.
Which ETF is more volatile: PCEF or FMUB?
Over the past year, PCEF had a volatility of 9.03%, while FMUB experienced 2.31%.
Which ETF is bigger: PCEF or FMUB?
As of September 10, 2026, PCEF holds $796.61 M in assets under management (AUM), while FMUB manages $246.01 M.
What sectors do the PCEF and FMUB ETFs invest in?
PCEF leans toward sectors like Non-Corporate. Meanwhile, FMUB focuses on Municipal and Non-Corporate.
What are the top holdings of the PCEF ETF and FMUB ETF?
PCEF top holdings include Eaton Vance Tax Managed Global Diversified Equity Income Fund, Nuveen S&P 500 Dynamic Overwrite Fund and BlackRock Science & Technology Term Trust. FMUB holds in its top three: Fidelity Municipal Cash Central Fund, US54659LDS07 and Black Belt Energy Gas District, 5% 1jun2031, USD (2026).
Which ETF is more diversified: PCEF or FMUB?
PCEF holds 106 securities with 38.26% of its assets in the top 15. FMUB has 554 securities and a top 15 weight of 21.9%.
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