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FMB vs MFLX

First Trust Managed Municipal ETF vs First Trust Flexible Municipal High Income ETF

FMB

First Trust Managed Municipal ETF

Annual cost

0.39%

Fund size

$2.0B

MFLX

First Trust Flexible Municipal High Income ETF

Annual cost

0.75%

Fund size

$19M

Key differences

Both FMB and MFLX are fixed income ETFs. FMB charges 0.39% a year and MFLX 0.75%. The main difference: FMB follows a index tracking strategy; MFLX uses active selection.

  • FMB follows a index tracking strategy; MFLX uses active selection.
  • FMB costs 0.36% less per year.
  • FMB is much larger than MFLX. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, MFLX has delivered higher annualized returns.

Side-by-side comparison

FMBMFLX
Annual cost (TER)0.39%0.75%
Fund size (AUM)$2.0B$19M
Since20142016
Dividend yield3.51%4.09%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+6.9%+9.2%
CAGR 3Y+4.0%+5.7%
CAGR 5Y+0.7%+0.0%
Sharpe 3Y0.110.25
Volatility 1Y2.63%4.07%
Max drawdown-14.16%-26.76%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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