FMB vs. DFTIX
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and DFA Intermediate-Term Municipal Bond Portfolio (DFTIX).
FMB is an actively managed fund by First Trust. It was launched on May 13, 2014. DFTIX is managed by Dimensional Fund Advisors LP. It was launched on Feb 29, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMB or DFTIX.
Key characteristics
| FMB | DFTIX | |
|---|---|---|
| YTD Return | -0.86% | -1.15% |
| 1Y Return | 2.99% | 1.74% |
| 3Y Return (Ann) | -1.31% | -0.37% |
| 5Y Return (Ann) | 1.24% | 1.00% |
| Sharpe Ratio | 0.68 | 0.77 |
| Daily Std Dev | 4.12% | 2.27% |
| Max Drawdown | -14.16% | -8.02% |
| Current Drawdown | -5.53% | -1.42% |
Correlation
The correlation between FMB and DFTIX is 0.50, 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.
Performance
FMB vs. DFTIX - Performance Comparison
In the year-to-date period, FMB achieves a -0.86% return, which is significantly higher than DFTIX's -1.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMB vs. DFTIX - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is higher than DFTIX's 0.20% expense ratio.
Risk-Adjusted Performance
FMB vs. DFTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and DFA Intermediate-Term Municipal Bond Portfolio (DFTIX). 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.
Dividends
FMB vs. DFTIX - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.09%, more than DFTIX's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.09% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% | 1.70% | 0.00% |
DFTIX DFA Intermediate-Term Municipal Bond Portfolio | 1.82% | 1.76% | 1.47% | 1.31% | 1.49% | 1.55% | 1.52% | 1.33% | 1.36% | 1.47% | 1.58% | 1.08% |
Drawdowns
FMB vs. DFTIX - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, which is greater than DFTIX's maximum drawdown of -8.02%. Use the drawdown chart below to compare losses from any high point for FMB and DFTIX. For additional features, visit the drawdowns tool.
Volatility
FMB vs. DFTIX - Volatility Comparison
First Trust Managed Municipal ETF (FMB) has a higher volatility of 0.98% compared to DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) at 0.51%. This indicates that FMB's price experiences larger fluctuations and is considered to be riskier than DFTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.