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GSY vs FSMB

Invesco Ultra Short Duration ETF vs First Trust Short Duration Managed Municipal ETF

GSY

Invesco Ultra Short Duration ETF

Annual cost

0.22%

Fund size

$3.5B

FSMB

First Trust Short Duration Managed Municipal ETF

Annual cost

0.34%

Fund size

$611M

Key differences

Both GSY and FSMB are fixed income ETFs. GSY charges 0.22% a year and FSMB 0.34%. The main difference: GSY follows a index tracking strategy; FSMB uses active selection.

  • GSY follows a index tracking strategy; FSMB uses active selection.
  • GSY costs 0.12% less per year.
  • GSY is much larger than FSMB. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, GSY has delivered higher annualized returns.
  • GSY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

GSYFSMB
Annual cost (TER)0.22%0.34%
Fund size (AUM)$3.5B$611M
Since20082018
Dividend yield4.34%3.15%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+4.5%+4.0%
CAGR 3Y+5.4%+3.5%
CAGR 5Y+3.6%+1.5%
Sharpe 3Y3.31-0.04
Volatility 1Y0.40%1.40%
Max drawdown-5.25%-6.32%

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

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