FMB vs. TDIV
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).
FMB and TDIV 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. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012.
Performance
FMB vs. TDIV - Performance Comparison
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FMB vs. TDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 0.27% | 3.73% | 1.94% | 6.31% | -9.91% | 2.43% | 4.44% | 8.25% | 0.89% | 7.22% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | -2.59% | 25.27% | 24.43% | 36.71% | -22.13% | 29.49% | 17.55% | 33.27% | -3.18% | 21.95% |
Returns By Period
In the year-to-date period, FMB achieves a 0.27% return, which is significantly higher than TDIV's -2.59% return. Over the past 10 years, FMB has underperformed TDIV with an annualized return of 2.33%, while TDIV has yielded a comparatively higher 15.77% annualized return.
FMB
- 1D
- 0.30%
- 1M
- -1.72%
- YTD
- 0.27%
- 6M
- 1.87%
- 1Y
- 3.93%
- 3Y*
- 3.24%
- 5Y*
- 0.76%
- 10Y*
- 2.33%
TDIV
- 1D
- 0.38%
- 1M
- -4.56%
- YTD
- -2.59%
- 6M
- -4.65%
- 1Y
- 29.22%
- 3Y*
- 22.26%
- 5Y*
- 13.53%
- 10Y*
- 15.77%
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FMB vs. TDIV - Expense Ratio Comparison
Both FMB and TDIV have an expense ratio of 0.50%.
Return for Risk
FMB vs. TDIV — Risk / Return Rank
FMB
TDIV
FMB vs. TDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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 | TDIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.25 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.87 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.27 | -1.04 |
Martin ratioReturn relative to average drawdown | 3.36 | 7.79 | -4.44 |
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 | TDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.25 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.66 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.76 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.76 | -0.12 |
Correlation
The correlation between FMB and TDIV is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FMB vs. TDIV - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.47%, more than TDIV's 1.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.47% | 3.37% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.49% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
Drawdowns
FMB vs. TDIV - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, smaller than the maximum TDIV drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for FMB and TDIV.
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Drawdown Indicators
| FMB | TDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -31.97% | +17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -13.07% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -31.97% | +17.81% |
Max Drawdown (10Y)Largest decline over 10 years | -14.16% | -31.97% | +17.81% |
Current DrawdownCurrent decline from peak | -1.97% | -7.52% | +5.55% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -4.88% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.80% | -2.50% |
Volatility
FMB vs. TDIV - Volatility Comparison
The current volatility for First Trust Managed Municipal ETF (FMB) is 1.26%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 6.10%. This indicates that FMB experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMB | TDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 6.10% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 13.70% | -11.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 23.52% | -19.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 20.45% | -16.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 20.73% | -16.18% |