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FMB vs FMNY

First Trust Managed Municipal ETF vs First Trust New York High Income Municipal ETF

FMB

First Trust Managed Municipal ETF

First Trust

Annual cost

0.39%

Fund size

$2.0B

FMNY

First Trust New York High Income Municipal ETF

First Trust

Annual cost

0.49%

Fund size

$37M

Key differences

  • FMB costs 0.10% less per year.
  • FMB is significantly larger than FMNY — larger funds tend to be more liquid and less likely to close.
  • FMB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMBFMNY
Annual cost (TER)0.39%0.49%
Fund size (AUM)$2.0B$37M
Since20142021
Dividend yield3.48%3.68%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+6.0%+6.6%
CAGR 3Y+3.4%+3.4%
CAGR 5Y+0.6%+0.5%
Sharpe 3Y-0.03-0.01
Volatility 1Y2.67%3.29%
Max drawdown-14.16%-15.90%

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

Similar to FMB and FMNY