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FPE vs FSMB

First Trust Preferred Securities and Income ETF vs First Trust Short Duration Managed Municipal ETF

FPE

First Trust Preferred Securities and Income ETF

First Trust

Annual cost

0.83%

Fund size

$6.4B

FSMB

First Trust Short Duration Managed Municipal ETF

First Trust

Annual cost

0.34%

Fund size

$599M

Key differences

  • FSMB costs 0.49% less per year.
  • FPE is significantly larger than FSMB — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, FPE has delivered higher annualized returns.
  • FPE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FPEFSMB
Annual cost (TER)0.83%0.34%
Fund size (AUM)$6.4B$599M
Since20132018
Dividend yield5.83%3.14%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+9.7%+4.2%
CAGR 3Y+11.0%+3.5%
CAGR 5Y+3.3%+1.5%
Sharpe 3Y1.44-0.05
Volatility 1Y3.91%1.40%
Max drawdown-33.35%-6.32%

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

Similar to FPE and FSMB