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FMNY vs LMBS

First Trust New York High Income Municipal ETF vs First Trust Low Duration Opportunities ETF

FMNY

First Trust New York High Income Municipal ETF

First Trust

Annual cost

0.49%

Fund size

$37M

LMBS

First Trust Low Duration Opportunities ETF

First Trust

Annual cost

0.66%

Fund size

$6.2B

Key differences

  • FMNY costs 0.17% less per year.
  • LMBS is significantly larger than FMNY — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, LMBS has delivered higher annualized returns.
  • LMBS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FMNYLMBS
Annual cost (TER)0.49%0.66%
Fund size (AUM)$37M$6.2B
Since20212014
Dividend yield3.68%4.09%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+6.6%+6.4%
CAGR 3Y+3.4%+5.6%
CAGR 5Y+0.5%+3.0%
Sharpe 3Y-0.010.75
Volatility 1Y3.29%1.96%
Max drawdown-15.90%-6.48%

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

Similar to FMNY and LMBS