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FMB vs TAFI

First Trust Managed Municipal ETF vs AB Tax-Aware Short Duration Municipal ETF

FMB

First Trust Managed Municipal ETF

Annual cost

0.39%

Fund size

$2.0B

TAFI

AB Tax-Aware Short Duration Municipal ETF

Annual cost

0.27%

Fund size

$1.3B

Key differences

Both FMB and TAFI are fixed income ETFs. FMB charges 0.39% a year and TAFI 0.27%. The main difference: FMB follows a index tracking strategy; TAFI uses active selection.

  • FMB follows a index tracking strategy; TAFI uses active selection.
  • TAFI costs 0.12% less per year.
  • FMB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMBTAFI
Annual cost (TER)0.39%0.27%
Fund size (AUM)$2.0B$1.3B
Since20142022
Dividend yield3.51%3.17%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+6.9%+3.8%
CAGR 3Y+4.0%+3.7%
CAGR 5Y+0.7%N/A
Sharpe 3Y0.110.04
Volatility 1Y2.63%1.46%
Max drawdown-14.16%-2.14%

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

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