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FMB vs LGOV

First Trust Managed Municipal ETF vs First Trust Long Duration Opportunities ETF

FMB

First Trust Managed Municipal ETF

First Trust

Annual cost

0.39%

Fund size

$2.0B

LGOV

First Trust Long Duration Opportunities ETF

First Trust

Annual cost

0.49%

Fund size

$664M

Key differences

  • FMB costs 0.10% less per year.
  • FMB is significantly larger than LGOV — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, FMB has delivered higher annualized returns.
  • FMB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMBLGOV
Annual cost (TER)0.39%0.49%
Fund size (AUM)$2.0B$664M
Since20142019
Dividend yield3.48%4.21%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+6.0%+6.4%
CAGR 3Y+3.4%+2.0%
CAGR 5Y+0.6%-1.7%
Sharpe 3Y-0.03-0.13
Volatility 1Y2.67%6.99%
Max drawdown-14.16%-30.85%

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

Similar to FMB and LGOV