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FTLS vs FSMB
First Trust Long/Short Equity ETF vs First Trust Short Duration Managed Municipal ETF
Key differences
- FSMB costs 1.04% less per year.
- FTLS is significantly larger than FSMB — larger funds tend to be more liquid and less likely to close.
- FTLS is classified as alternative, while FSMB is fixed income — different risk/return profiles.
- FTLS follows a long short strategy; FSMB uses index tracking.
- Over the last 3 years, FTLS has delivered higher annualized returns.
Side-by-side comparison
| FTLS | FSMB | |
|---|---|---|
| Annual cost (TER) | 1.38% | 0.34% |
| Fund size (AUM) | $2.3B | $599M |
| Since | 2014 | 2018 |
| Dividend yield | 0.91% | 3.14% |
| Asset class | alternative | fixed income |
| Region | north america | north america |
| Strategy | long short | index tracking |
| CAGR 1Y | +15.7% | +3.9% |
| CAGR 3Y | +14.8% | +3.2% |
| CAGR 5Y | +10.5% | +1.4% |
| Sharpe 3Y | 1.09 | -0.17 |
| Volatility 1Y | 8.19% | 1.39% |
| Max drawdown | -20.54% | -6.32% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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