FTSM vs. TSCM
FTSM (First Trust Enhanced Short Maturity ETF) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both exchange-traded funds - FTSM is a Ultrashort Bond fund actively managed by First Trust, while TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. FTSM charges 0.44%/yr vs 0.55%/yr for TSCM.
Performance
FTSM vs. TSCM - Performance Comparison
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Returns By Period
In the year-to-date period, FTSM achieves a 1.49% return, which is significantly lower than TSCM's 4.20% return.
FTSM
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.49%
- 6M
- 1.84%
- 1Y
- 4.15%
- 3Y*
- 4.86%
- 5Y*
- 3.46%
- 10Y*
- 2.55%
TSCM
- 1D
- 0.86%
- 1M
- 6.03%
- YTD
- 4.20%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSM vs. TSCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 1.49% | 0.03% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 4.20% | -0.86% |
Correlation
The correlation between FTSM and TSCM is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025 | 0.18 |
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Return for Risk
FTSM vs. TSCM — Risk / Return Rank
FTSM
TSCM
FTSM vs. TSCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) and TimesSquare Quality Mid Cap Growth ETF (TSCM). 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.
| FTSM | TSCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 4.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 35.72 | — | — |
| Martin ratioReturn relative to average drawdown | 178.37 | — | — |
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
| FTSM | TSCM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.77 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.04 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.96 | 0.38 | +1.58 |
Drawdowns
FTSM vs. TSCM - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum TSCM drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for FTSM and TSCM.
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Drawdown Indicators
| FTSM | TSCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -14.87% | +10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.07% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -6.27% | +6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
FTSM vs. TSCM - Volatility Comparison
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Volatility by Period
| FTSM | TSCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.48% | 20.97% | -20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.49% | 20.97% | -20.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.88% | 20.97% | -20.09% |
FTSM vs. TSCM - Expense Ratio Comparison
FTSM has a 0.44% expense ratio, which is lower than TSCM's 0.55% expense ratio.
Dividends
FTSM vs. TSCM - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.16%, while TSCM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.16% | 4.28% | 4.91% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.14% | 1.49% | 1.03% | 0.48% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTSM and TSCM have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTSM is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTSM is cheaper with a 0.44% expense ratio, compared with 0.55% for TSCM.
FTSM has the higher dividend yield at 4.16%, compared with 0.00% for TSCM.
FTSM is categorized as Ultrashort Bond, while TSCM is Mid Cap Growth Equities. They also come from different issuers: First Trust and TimesSquare Capital Management. Their fees differ too: 0.44% for FTSM and 0.55% for TSCM.
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