CTEF vs FSMB
Comparison between CASTELLAN TARGETED EQUITY ETF (CTEF, ETF) and FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF).
CTEF vs FSMB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CTEF
$610M
Winner
FSMB
$611M
Expense Ratio
CTEF
0.45%
Winner
FSMB
0.34%
Max Drawdown
CTEF
15.00%
Winner
FSMB
7.98%
Sharpe Ratio
Winner
CTEF
2.56
FSMB
0.14
5Y Beta
CTEF
1.47
Winner
FSMB
-0.01
P/E Ratio
CTEF
20.18
FSMB
N/A
Forward P/E
CTEF
15.57
FSMB
N/A
PEG Ratio
CTEF
0.19
FSMB
N/A
5Y Dividends CAGR
CTEF
N/A
FSMB
14.01%
5Y EPS CAGR
CTEF
56.00%
FSMB
N/A
Debt to Equity
CTEF
85.14%
FSMB
N/A
P/S Ratio
CTEF
2.14
FSMB
N/A
P/B Ratio
CTEF
6.29
FSMB
N/A
CTEF vs FSMB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CTEF
+9.09%
FSMB
+0.42%
3M
Winner
CTEF
+27.77%
FSMB
+0.32%
6M
Winner
CTEF
+34.20%
FSMB
+1.43%
1Y
Winner
CTEF
+76.99%
FSMB
+3.87%
5Y(CAGR)
CTEF
N/A
FSMB
+1.47%
Max(CAGR)
Winner
CTEF
+78.76%
FSMB
+2.18%
CTEF vs FSMB - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | CTEF | FSMB |
|---|---|---|
| 2026 | +30.14% | +1.15% |
| 2025 | +33.22% | +4.14% |
| 2024 | N/A | +2.35% |
| 2023 | N/A | +3.49% |
| 2022 | N/A | -3.93% |
| 2021 | N/A | +1.17% |
| 2020 | N/A | +3.44% |
| 2019 | N/A | +3.90% |
| 2018 | N/A | +0.61% |
CTEF vs FSMB Drawdown Comparison
The maximum drawdown for CTEF was -15.00%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.
The maximum drawdown for FSMB was -6.32%, occurring on Mar 20, 2020. Recovery took 91 trading sessions.
The current FSMB drawdown is -0.22%.
| Rank | CTEF | FSMB |
|---|---|---|
| #1 | -15.00% Feb 25, 2026 - Apr 14, 2026 | -6.32% Mar 6, 2020 - Jul 16, 2020 |
| #2 | -6.99% Nov 10, 2025 - Dec 10, 2025 | -5.97% Jul 28, 2021 - Jul 9, 2024 |
| #3 | -5.33% Oct 1, 2025 - Oct 24, 2025 | -1.76% Apr 3, 2025 - Jun 4, 2025 |
| #4 | -4.97% May 14, 2026 - May 26, 2026 | -1.29% Feb 26, 2026 - Mar 24, 2026 |
| #5 | -4.01% Dec 11, 2025 - Dec 22, 2025 | -0.93% Feb 10, 2021 - Apr 15, 2021 |
| #6 | -3.39% Jan 29, 2026 - Feb 6, 2026 | -0.82% Oct 2, 2024 - Nov 27, 2024 |
| #7 | -3.30% Jun 2, 2026 - Jun 11, 2026 | -0.80% Dec 9, 2024 - Jan 30, 2025 |
| #8 | -2.49% Dec 24, 2025 - Jan 5, 2026 | -0.63% Aug 11, 2020 - Nov 4, 2020 |
| #9 | -2.27% Sep 22, 2025 - Sep 30, 2025 | -0.55% Mar 10, 2025 - Apr 3, 2025 |
| #10 | -2.23% Apr 20, 2026 - May 1, 2026 | -0.53% Aug 28, 2019 - Oct 9, 2019 |
| #11 | -2.05% Oct 27, 2025 - Nov 10, 2025 | -0.39% Sep 17, 2025 - Nov 26, 2025 |
| #12 | -2.04% Jan 6, 2026 - Jan 21, 2026 | -0.30% Feb 6, 2025 - Feb 21, 2025 |
| #13 | -1.85% Aug 28, 2025 - Sep 4, 2025 | -0.29% Nov 1, 2019 - Nov 21, 2019 |
| #14 | -1.79% Feb 18, 2026 - Feb 25, 2026 | -0.27% Apr 19, 2021 - May 25, 2021 |
| #15 | -1.61% Feb 11, 2026 - Feb 18, 2026 | -0.27% Jan 6, 2020 - Jan 10, 2020 |
Correlation
Correlation between CTEF and FSMB is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2018 - 2026)
CTEF vs FSMB dividend yield comparison.
| Year | CTEF | FSMB |
|---|---|---|
| 2026 | 0.00% | 1.32% |
| 2025 | 0.08% | 3.09% |
| 2024 | 0.00% | 2.88% |
| 2023 | 0.00% | 2.40% |
| 2022 | 0.00% | 1.47% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.79% |
| 2019 | 0.00% | 2.27% |
| 2018 | 0.00% | 0.19% |
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