FMB vs. LMBS
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and First Trust Low Duration Mortgage Opportunities ETF (LMBS).
FMB and LMBS 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. LMBS is an actively managed fund by First Trust. It was launched on Nov 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMB or LMBS.
Key characteristics
| FMB | LMBS | |
|---|---|---|
| YTD Return | -0.56% | 0.08% |
| 1Y Return | 3.11% | 3.62% |
| 3Y Return (Ann) | -1.20% | 0.67% |
| 5Y Return (Ann) | 1.31% | 1.25% |
| Sharpe Ratio | 0.83 | 1.35 |
| Daily Std Dev | 4.12% | 2.96% |
| Max Drawdown | -14.16% | -6.49% |
| Current Drawdown | -5.25% | -1.04% |
Correlation
The correlation between FMB and LMBS is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FMB vs. LMBS - Performance Comparison
In the year-to-date period, FMB achieves a -0.56% return, which is significantly lower than LMBS's 0.08% 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. LMBS - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Risk-Adjusted Performance
FMB vs. LMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). 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. LMBS - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.08%, less than LMBS's 4.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.08% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% | 1.70% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.40% | 3.96% | 2.22% | 2.04% | 2.27% | 2.50% | 2.76% | 2.73% | 2.84% | 3.03% | 0.37% |
Drawdowns
FMB vs. LMBS - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, which is greater than LMBS's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for FMB and LMBS. For additional features, visit the drawdowns tool.
Volatility
FMB vs. LMBS - Volatility Comparison
The current volatility for First Trust Managed Municipal ETF (FMB) is 0.95%, while First Trust Low Duration Mortgage Opportunities ETF (LMBS) has a volatility of 1.09%. This indicates that FMB experiences smaller price fluctuations and is considered to be less risky than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.