First Trust Enhanced Short Maturity ETF (FTSM)

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First Trust Enhanced Short Maturity ETF (FTSM) is up 1.6% since the beginning of the year. FTSM is currently trading at $60 per share. Investors who bought $1,000 worth of FTSM shares 5 years ago would now be looking at an investment worth $1,187.

First Trust Enhanced Short Maturity ETF (FTSM) has returned 1.59% so far this year and 4.09% over the past 12 months. Over the last ten years, FTSM has returned 2.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Aug 6, 2014, FTSM's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 87% of months were positive and 13% were negative. The best month was Aug 2015 with a return of +1.8%, while the worst month was Sep 2015 at -1.8%. The longest winning streak lasted 48 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FTSM closed higher 52% of trading days. The best single day was Aug 31, 2015 with a return of +1.9%, while the worst single day was Sep 1, 2015 at -1.7%.

First Trust Enhanced Short Maturity ETF has an annualized alpha of 2.07%, beta of 0.01, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since August 06, 2014.

• This ETF captured 5.45% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.73%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 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.

FTSM has an expense ratio of 0.44%, placing it in the medium range.

FTSM ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

First Trust Enhanced Short Maturity ETF provided a 4.15% dividend yield over the last twelve months, with an annual payout of $2.49 per share.

The table displays the monthly dividend distributions for First Trust Enhanced Short Maturity 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 Enhanced Short Maturity 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 Enhanced Short Maturity ETF was 4.12%, occurring on Mar 20, 2020. Recovery took 54 trading sessions.

The current First Trust Enhanced Short Maturity ETF drawdown is 0.02%.

The chart below shows the rolling one-month volatility.