First Trust Managed Municipal ETF (FMB)

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First Trust Managed Municipal ETF (FMB) is up 1.8% since the beginning of the year. FMB is currently trading at $51 per share. Investors who bought $1,000 worth of FMB shares 5 years ago would now be looking at an investment worth $1,037.

First Trust Managed Municipal ETF (FMB) has returned 1.78% so far this year and 7.15% over the past 12 months. Over the last ten years, FMB has returned 2.31% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since May 15, 2014, FMB's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +5.2%, while the worst month was Mar 2020 at -5.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FMB closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +3.6%, while the worst single day was Mar 12, 2020 at -5.3%.

First Trust Managed Municipal ETF has an annualized alpha of 2.38%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since May 16, 2014.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.92%) than losses (11.68%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FMB has an expense ratio of 0.50%, placing it in the medium range.

FMB ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and compare them to S&P 500 Index.

First Trust Managed Municipal ETF provided a 3.50% dividend yield over the last twelve months, with an annual payout of $1.79 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for First Trust Managed Municipal ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Managed Municipal ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Managed Municipal ETF was 14.16%, occurring on Oct 26, 2022. Recovery took 745 trading sessions.

The current First Trust Managed Municipal ETF drawdown is 0.50%.

The chart below shows the rolling one-month volatility.