FSMB vs. FXAIX
Compare and contrast key facts about First Trust Short Duration Managed Municipal ETF (FSMB) and Fidelity 500 Index Fund (FXAIX).
FSMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMB or FXAIX.
Correlation
The correlation between FSMB and FXAIX is 0.08, 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
FSMB vs. FXAIX - Performance Comparison
Key characteristics
FSMB:
1.37
FXAIX:
2.05
FSMB:
2.00
FXAIX:
2.73
FSMB:
1.26
FXAIX:
1.38
FSMB:
2.28
FXAIX:
3.11
FSMB:
7.30
FXAIX:
12.99
FSMB:
0.33%
FXAIX:
2.02%
FSMB:
1.77%
FXAIX:
12.86%
FSMB:
-6.32%
FXAIX:
-33.79%
FSMB:
-0.63%
FXAIX:
-2.38%
Returns By Period
In the year-to-date period, FSMB achieves a -0.03% return, which is significantly lower than FXAIX's 1.00% return.
FSMB
-0.03%
-0.28%
1.22%
2.53%
1.25%
N/A
FXAIX
1.00%
-1.78%
7.80%
27.02%
14.09%
13.44%
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FSMB vs. FXAIX - Expense Ratio Comparison
FSMB has a 0.45% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FSMB vs. FXAIX — Risk-Adjusted Performance Rank
FSMB
FXAIX
FSMB vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Short Duration Managed Municipal ETF (FSMB) and Fidelity 500 Index Fund (FXAIX). 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
FSMB vs. FXAIX - Dividend Comparison
FSMB's dividend yield for the trailing twelve months is around 2.88%, more than FXAIX's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMB First Trust Short Duration Managed Municipal ETF | 2.88% | 2.88% | 2.40% | 1.48% | 1.22% | 1.80% | 2.28% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 4.15% | 3.95% |
Drawdowns
FSMB vs. FXAIX - Drawdown Comparison
The maximum FSMB drawdown since its inception was -6.32%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FSMB and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FSMB vs. FXAIX - Volatility Comparison
The current volatility for First Trust Short Duration Managed Municipal ETF (FSMB) is 0.53%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.98%. This indicates that FSMB experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.