FMB vs. NFTY
FMB (First Trust Managed Municipal ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - FMB is a Municipal Bonds fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. FMB is actively managed, while NFTY is passively managed. Over the past 10 years, FMB returned 2.31%/yr vs 8.13%/yr for NFTY. At a 0.05 correlation, their price movements are largely independent. FMB charges 0.50%/yr vs 0.80%/yr for NFTY.
Performance
FMB vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, FMB achieves a 1.78% return, which is significantly higher than NFTY's -9.70% return. Over the past 10 years, FMB has underperformed NFTY with an annualized return of 2.31%, while NFTY has yielded a comparatively higher 8.13% annualized return.
FMB
- 1D
- -0.04%
- 1M
- 0.70%
- YTD
- 1.78%
- 6M
- 2.21%
- 1Y
- 7.15%
- 3Y*
- 3.96%
- 5Y*
- 0.72%
- 10Y*
- 2.31%
NFTY
- 1D
- -1.34%
- 1M
- -1.64%
- YTD
- -9.70%
- 6M
- -7.99%
- 1Y
- -8.48%
- 3Y*
- 5.72%
- 5Y*
- 4.62%
- 10Y*
- 8.13%
FMB vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 1.78% | 3.73% | 1.94% | 6.31% | -9.91% | 2.43% | 4.44% | 8.25% | 0.89% | 7.22% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -9.70% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 0.58% | -1.51% | 21.78% |
Correlation
The correlation between FMB and NFTY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 16, 2014 | 0.05 |
Over the past year, FMB and NFTY have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
FMB vs. NFTY — Risk / Return Rank
FMB
NFTY
FMB vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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 | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.27 | ||
| Sortino ratioReturn per unit of downside risk | +4.70 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.91 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | -0.53 | +3.16 |
| Martin ratioReturn relative to average drawdown | 9.44 | -1.39 | +10.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMB | NFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | -0.58 | +3.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.27 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.39 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.28 | +0.39 |
Drawdowns
FMB vs. NFTY - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for FMB and NFTY.
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Drawdown Indicators
| FMB | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -47.67% | +33.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -16.14% | +13.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -21.55% | +16.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -21.55% | +7.39% |
Max Drawdown (10Y)Largest decline over 10 years | -14.16% | -47.67% | +33.51% |
Current DrawdownCurrent decline from peak | -0.50% | -17.45% | +16.95% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -9.58% | +6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 6.12% | -5.36% |
Volatility
FMB vs. NFTY - Volatility Comparison
The current volatility for First Trust Managed Municipal ETF (FMB) is 0.88%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.58%. This indicates that FMB experiences smaller price fluctuations and is considered to be less risky than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMB | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 4.58% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 12.57% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 14.72% | -12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 17.39% | -13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 20.72% | -16.17% |
FMB vs. NFTY - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
FMB vs. NFTY - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.50%, more than NFTY's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.50% | 3.37% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.96% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Frequently Asked Questions
FMB and NFTY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.58%) compared to FMB (0.88%). In terms of maximum drawdown, FMB dropped -14.16% vs NFTY's -47.67%.
On 10-year performance, NFTY leads with 8.13% vs 2.31% for FMB. On fees, FMB is cheaper at 0.50% per year. On volatility, FMB has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NFTY has performed better with a 8.13% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FMB is cheaper with a 0.50% expense ratio, compared with 0.80% for NFTY.
FMB has the higher dividend yield at 3.50%, compared with 1.96% for NFTY.
FMB is categorized as Municipal Bonds, while NFTY is Asia Pacific Equities. Their fees differ too: 0.50% for FMB and 0.80% for NFTY.
FMB currently has the higher Sharpe Ratio (2.70 vs -0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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