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FSMB vs LMBS

First Trust Short Duration Managed Municipal ETF vs First Trust Low Duration Opportunities ETF

FSMB

First Trust Short Duration Managed Municipal ETF

First Trust

Annual cost

0.34%

Fund size

$599M

LMBS

First Trust Low Duration Opportunities ETF

First Trust

Annual cost

0.66%

Fund size

$6.2B

Key differences

  • FSMB costs 0.32% less per year.
  • LMBS is significantly larger than FSMB — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, LMBS has delivered higher annualized returns.

Side-by-side comparison

FSMBLMBS
Annual cost (TER)0.34%0.66%
Fund size (AUM)$599M$6.2B
Since20182014
Dividend yield3.14%4.09%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+3.9%+6.4%
CAGR 3Y+3.2%+5.6%
CAGR 5Y+1.4%+3.0%
Sharpe 3Y-0.170.75
Volatility 1Y1.39%1.96%
Max drawdown-6.32%-6.48%

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

Similar to FSMB and LMBS