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FSMB vs LMUB

First Trust Short Duration Managed Municipal ETF vs iShares Long-Term National Muni Bd ETF

FSMB

First Trust Short Duration Managed Municipal ETF

Annual cost

0.34%

Fund size

$611M

LMUB

iShares Long-Term National Muni Bd ETF

Annual cost

0.09%

Fund size

$1.6B

Key differences

Both FSMB and LMUB are fixed income ETFs. FSMB charges 0.34% a year and LMUB 0.09%. The main difference: FSMB follows a active selection strategy; LMUB uses index tracking.

  • FSMB follows a active selection strategy; LMUB uses index tracking.
  • LMUB costs 0.25% less per year.
  • FSMB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FSMBLMUB
Annual cost (TER)0.34%0.09%
Fund size (AUM)$611M$1.6B
Since20182025
Dividend yield3.15%3.81%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+4.0%+9.3%
CAGR 3Y+3.5%N/A
CAGR 5Y+1.5%N/A
Sharpe 3Y-0.03N/A
Volatility 1Y1.40%4.18%
Max drawdown-6.32%-5.51%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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