FMB vs. BND
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and Vanguard Total Bond Market ETF (BND).
FMB and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMB is an actively managed fund by First Trust. It was launched on May 13, 2014. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
FMB vs. BND - Performance Comparison
Loading graphics...
FMB vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | -0.03% | 3.73% | 1.94% | 6.31% | -9.91% | 2.43% | 4.44% | 8.25% | 0.89% | 7.22% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, FMB achieves a -0.03% return, which is significantly lower than BND's 0.05% return. Over the past 10 years, FMB has outperformed BND with an annualized return of 2.30%, while BND has yielded a comparatively lower 1.67% annualized return.
FMB
- 1D
- 0.16%
- 1M
- -2.26%
- YTD
- -0.03%
- 6M
- 1.70%
- 1Y
- 4.05%
- 3Y*
- 3.14%
- 5Y*
- 0.70%
- 10Y*
- 2.30%
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMB vs. BND - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
FMB vs. BND — Risk / Return Rank
FMB
BND
FMB vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and Vanguard Total Bond Market ETF (BND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FMB | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.99 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.41 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.81 | -0.64 |
Martin ratioReturn relative to average drawdown | 3.23 | 4.98 | -1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMB | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.99 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.04 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.30 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.59 | +0.05 |
Correlation
The correlation between FMB and BND is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FMB vs. BND - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.48%, less than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.48% | 3.37% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
FMB vs. BND - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FMB and BND.
Loading graphics...
Drawdown Indicators
| FMB | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -18.58% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.44% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -17.91% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -14.16% | -18.58% | +4.42% |
Current DrawdownCurrent decline from peak | -2.26% | -2.58% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -3.07% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.89% | +0.40% |
Volatility
FMB vs. BND - Volatility Comparison
The current volatility for First Trust Managed Municipal ETF (FMB) is 1.31%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that FMB experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMB | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.63% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 2.52% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 4.30% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 6.00% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 5.52% | -0.97% |