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FTCB vs FSMB

First Trust Core Investment Grade ETF vs First Trust Short Duration Managed Municipal ETF

FTCB

First Trust Core Investment Grade ETF

First Trust

Annual cost

0.56%

Fund size

$2.4B

FSMB

First Trust Short Duration Managed Municipal ETF

First Trust

Annual cost

0.34%

Fund size

$599M

Key differences

  • FSMB costs 0.22% less per year.
  • FTCB is significantly larger than FSMB — larger funds tend to be more liquid and less likely to close.
  • FTCB follows a active selection strategy; FSMB uses index tracking.
  • FSMB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FTCBFSMB
Annual cost (TER)0.56%0.34%
Fund size (AUM)$2.4B$599M
Since20232018
Dividend yield4.85%3.14%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+6.4%+3.9%
CAGR 3YN/A+3.2%
CAGR 5YN/A+1.4%
Sharpe 3YN/A-0.17
Volatility 1Y4.09%1.39%
Max drawdown-4.99%-6.32%

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

Similar to FTCB and FSMB