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CAAA vs LMBS

First Trust AAA CMBS ETF vs First Trust Low Duration Opportunities ETF

CAAA

First Trust AAA CMBS ETF

First Trust

Annual cost

0.30%

Fund size

$33M

LMBS

First Trust Low Duration Opportunities ETF

First Trust

Annual cost

0.66%

Fund size

$6.2B

Key differences

  • CAAA costs 0.36% less per year.
  • LMBS is significantly larger than CAAA — larger funds tend to be more liquid and less likely to close.
  • CAAA is classified as alternative, while LMBS is fixed income — different risk/return profiles.
  • CAAA follows a multi strategy strategy; LMBS uses index tracking.
  • LMBS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CAAALMBS
Annual cost (TER)0.30%0.66%
Fund size (AUM)$33M$6.2B
Since20242014
Dividend yield5.23%4.09%
Asset classalternativefixed income
Regionnorth americanorth america
Strategymulti strategyindex tracking
CAGR 1Y+5.6%+6.3%
CAGR 3YN/A+5.8%
CAGR 5YN/A+3.0%
Sharpe 3YN/A0.82
Volatility 1Y3.04%1.98%
Max drawdown-2.24%-6.48%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CAAA and LMBS