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FMB vs. DFTIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMB and DFTIX 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.


-0.50.00.51.0
Correlation: 0.5

Performance

FMB vs. DFTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Managed Municipal ETF (FMB) and DFA Intermediate-Term Municipal Bond Portfolio (DFTIX). The values are adjusted to include any dividend payments, if applicable.

20.00%25.00%30.00%35.00%NovemberDecember2025FebruaryMarchApril
32.95%
19.04%
FMB
DFTIX

Key characteristics

Sharpe Ratio

FMB:

0.20

DFTIX:

1.51

Sortino Ratio

FMB:

0.28

DFTIX:

2.11

Omega Ratio

FMB:

1.04

DFTIX:

1.34

Calmar Ratio

FMB:

0.15

DFTIX:

1.81

Martin Ratio

FMB:

0.87

DFTIX:

5.45

Ulcer Index

FMB:

0.97%

DFTIX:

0.56%

Daily Std Dev

FMB:

4.16%

DFTIX:

2.02%

Max Drawdown

FMB:

-14.16%

DFTIX:

-8.02%

Current Drawdown

FMB:

-4.19%

DFTIX:

-0.19%

Returns By Period

In the year-to-date period, FMB achieves a -1.36% return, which is significantly lower than DFTIX's 1.03% return. Over the past 10 years, FMB has outperformed DFTIX with an annualized return of 2.30%, while DFTIX has yielded a comparatively lower 1.53% annualized return.


FMB

YTD

-1.36%

1M

-2.17%

6M

-1.93%

1Y

1.09%

5Y*

1.31%

10Y*

2.30%

DFTIX

YTD

1.03%

1M

0.13%

6M

0.42%

1Y

3.06%

5Y*

1.10%

10Y*

1.53%

*Annualized

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. DFTIX - Expense Ratio Comparison

FMB has a 0.50% expense ratio, which is higher than DFTIX's 0.20% expense ratio.


FMB
First Trust Managed Municipal ETF
Expense ratio chart for FMB: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FMB: 0.50%
Expense ratio chart for DFTIX: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DFTIX: 0.20%

Risk-Adjusted Performance

FMB vs. DFTIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMB
The Risk-Adjusted Performance Rank of FMB is 6161
Overall Rank
The Sharpe Ratio Rank of FMB is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of FMB is 5858
Sortino Ratio Rank
The Omega Ratio Rank of FMB is 6060
Omega Ratio Rank
The Calmar Ratio Rank of FMB is 6262
Calmar Ratio Rank
The Martin Ratio Rank of FMB is 6464
Martin Ratio Rank

DFTIX
The Risk-Adjusted Performance Rank of DFTIX is 9090
Overall Rank
The Sharpe Ratio Rank of DFTIX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of DFTIX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of DFTIX is 9090
Omega Ratio Rank
The Calmar Ratio Rank of DFTIX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of DFTIX is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for FMB, currently valued at 0.20, compared to the broader market-1.000.001.002.003.004.00
FMB: 0.20
DFTIX: 1.51
The chart of Sortino ratio for FMB, currently valued at 0.28, compared to the broader market-2.000.002.004.006.008.0010.00
FMB: 0.28
DFTIX: 2.11
The chart of Omega ratio for FMB, currently valued at 1.04, compared to the broader market0.501.001.502.002.50
FMB: 1.04
DFTIX: 1.34
The chart of Calmar ratio for FMB, currently valued at 0.15, compared to the broader market0.005.0010.0015.00
FMB: 0.15
DFTIX: 1.81
The chart of Martin ratio for FMB, currently valued at 0.87, compared to the broader market0.0020.0040.0060.0080.00
FMB: 0.87
DFTIX: 5.45

The current FMB Sharpe Ratio is 0.20, which is lower than the DFTIX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of FMB and DFTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.20
1.51
FMB
DFTIX

Dividends

FMB vs. DFTIX - Dividend Comparison

FMB's dividend yield for the trailing twelve months is around 3.32%, more than DFTIX's 2.31% yield.


TTM20242023202220212020201920182017201620152014
FMB
First Trust Managed Municipal ETF
3.32%3.22%2.98%2.47%1.96%2.19%2.47%2.58%2.49%2.93%3.07%1.70%
DFTIX
DFA Intermediate-Term Municipal Bond Portfolio
2.31%2.23%1.77%1.49%1.34%1.51%1.55%1.52%1.36%1.37%1.46%1.60%

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.


-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.19%
-0.19%
FMB
DFTIX

Volatility

FMB vs. DFTIX - Volatility Comparison

First Trust Managed Municipal ETF (FMB) has a higher volatility of 2.39% compared to DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) at 0.78%. 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.


0.50%1.00%1.50%2.00%NovemberDecember2025FebruaryMarchApril
2.39%
0.78%
FMB
DFTIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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