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FSMB vs FMNY

First Trust Short Duration Managed Municipal ETF vs First Trust New York High Income Municipal ETF

FSMB

First Trust Short Duration Managed Municipal ETF

First Trust

Annual cost

0.34%

Fund size

$599M

FMNY

First Trust New York High Income Municipal ETF

First Trust

Annual cost

0.49%

Fund size

$37M

Key differences

  • FSMB costs 0.15% less per year.
  • FSMB is significantly larger than FMNY — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

FSMBFMNY
Annual cost (TER)0.34%0.49%
Fund size (AUM)$599M$37M
Since20182021
Dividend yield3.14%3.68%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+3.9%+6.6%
CAGR 3Y+3.2%+3.4%
CAGR 5Y+1.4%+0.5%
Sharpe 3Y-0.17-0.01
Volatility 1Y1.39%3.29%
Max drawdown-6.32%-15.90%

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

Similar to FSMB and FMNY