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FSMB vs FPE

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

FSMB

First Trust Short Duration Managed Municipal ETF

First Trust

Annual cost

0.34%

Fund size

$599M

FPE

First Trust Preferred Securities and Income ETF

First Trust

Annual cost

0.83%

Fund size

$6.4B

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

FSMBFPE
Annual cost (TER)0.34%0.83%
Fund size (AUM)$599M$6.4B
Since20182013
Dividend yield3.14%5.83%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+4.2%+9.7%
CAGR 3Y+3.5%+11.0%
CAGR 5Y+1.5%+3.3%
Sharpe 3Y-0.051.44
Volatility 1Y1.40%3.91%
Max drawdown-6.32%-33.35%

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

Similar to FSMB and FPE