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FMB vs FPEI
First Trust Managed Municipal ETF vs First Trust Institutional Preferred Securities and Income ETF
Key differences
- FMB costs 0.46% less per year.
- FMB is classified as fixed income, while FPEI is equity — different risk/return profiles.
- FMB follows a index tracking strategy; FPEI uses active selection.
- Over the last 3 years, FPEI has delivered higher annualized returns.
Side-by-side comparison
| FMB | FPEI | |
|---|---|---|
| Annual cost (TER) | 0.39% | 0.85% |
| Fund size (AUM) | $2.0B | $1.9B |
| Since | 2014 | 2017 |
| Dividend yield | 3.48% | 5.69% |
| Asset class | fixed income | equity |
| Region | north america | — |
| Strategy | index tracking | active selection |
| CAGR 1Y | +6.7% | +10.0% |
| CAGR 3Y | +3.9% | +11.2% |
| CAGR 5Y | +0.8% | +4.4% |
| Sharpe 3Y | 0.10 | 1.73 |
| Volatility 1Y | 2.70% | 3.76% |
| Max drawdown | -14.16% | -27.51% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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