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.
Correlation
The correlation between FMB and LMBS is 0.32, 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
Key characteristics
FMB:
0.53
LMBS:
1.94
FMB:
0.73
LMBS:
2.85
FMB:
1.10
LMBS:
1.36
FMB:
0.32
LMBS:
3.37
FMB:
2.45
LMBS:
8.89
FMB:
0.75%
LMBS:
0.57%
FMB:
3.49%
LMBS:
2.64%
FMB:
-14.16%
LMBS:
-6.48%
FMB:
-3.26%
LMBS:
-0.97%
Returns By Period
In the year-to-date period, FMB achieves a 1.51% return, which is significantly lower than LMBS's 4.74% return. Both investments have delivered pretty close results over the past 10 years, with FMB having a 2.64% annualized return and LMBS not far behind at 2.54%.
FMB
1.51%
-0.81%
0.82%
1.84%
0.80%
2.64%
LMBS
4.74%
0.04%
2.62%
5.11%
1.68%
2.54%
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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 3.23%, less than LMBS's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.23% | 2.99% | 2.47% | 1.96% | 2.19% | 2.48% | 2.59% | 2.49% | 2.93% | 3.07% | 1.70% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.30% | 3.96% | 2.23% | 2.04% | 2.27% | 2.56% | 2.77% | 2.74% | 2.85% | 3.04% | 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 -6.48%. 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
First Trust Managed Municipal ETF (FMB) has a higher volatility of 1.21% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.62%. This indicates that FMB's price experiences larger fluctuations and is considered to be riskier than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.