FMB vs ACIO

Comparison between FIRST TRUST MANAGED MUNICIPAL ETF (FMB, ETF) and APTUS COLLARED INVESTMENT OPPORTUNITY ETF (ACIO, ETF).

5-Year PerformanceACIO has outperformed FMB, delivering a return of +9.8% compared to +0.8%

FMB vs ACIO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMB(ETF)	ACIO(ETF)
Net Assets	$2B	$2.10B
Expense Ratio	0.39%	0.79%
Max Drawdown	16.84%	14.89%
Sharpe Ratio	0.92	1.66
5Y Beta	0.02	0.61
P/E Ratio	N/A	27.87
Forward P/E	N/A	22.02
PEG Ratio	N/A	0.55
5Y Dividends CAGR	7.87%	-6.50%
5Y EPS CAGR	N/A	26.10%
Debt to Equity	N/A	5.37%
P/S Ratio	N/A	4.14
P/B Ratio	N/A	5.44

Net Assets

FMB

$2B

Winner

ACIO

$2.10B

Expense Ratio

Winner

FMB

0.39%

ACIO

0.79%

Max Drawdown

FMB

16.84%

Winner

ACIO

14.89%

Sharpe Ratio

FMB

0.92

Winner

ACIO

1.66

5Y Beta

Winner

FMB

0.02

ACIO

0.61

P/E Ratio

FMB

N/A

ACIO

27.87

Forward P/E

FMB

N/A

ACIO

22.02

PEG Ratio

FMB

N/A

ACIO

0.55

5Y Dividends CAGR

Winner

FMB

7.87%

ACIO

-6.50%

5Y EPS CAGR

FMB

N/A

ACIO

26.10%

Debt to Equity

FMB

N/A

ACIO

5.37%

P/S Ratio

FMB

N/A

ACIO

4.14

P/B Ratio

FMB

N/A

ACIO

5.44

FMB vs ACIO - Historical Returns

Returns include dividend reinvestment.

Period	FMB	ACIO
1 month	+0.50%	+6.82%
3 months	-0.04%	+5.11%
6 months	+1.70%	+6.28%
1 year	+6.45%	+18.82%
5 years(CAGR)	+0.76%	+9.79%
10 years(CAGR)	+2.31%	N/A
Max(CAGR)	+2.95%	+10.31%

FMB

+0.50%

Winner

ACIO

+6.82%

FMB

-0.04%

Winner

ACIO

+5.11%

FMB

+1.70%

Winner

ACIO

+6.28%

FMB

+6.45%

Winner

ACIO

+18.82%

5Y(CAGR)

FMB

+0.76%

Winner

ACIO

+9.79%

10Y(CAGR)

FMB

+2.31%

ACIO

N/A

Max(CAGR)

FMB

+2.95%

Winner

ACIO

+10.31%

FMB vs ACIO - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	FMB	ACIO
2026	+1.20%	+5.49%
2025	+3.55%	+9.26%
2024	+2.11%	+22.36%
2023	+6.09%	+16.14%
2022	-9.81%	-10.52%
2021	+2.41%	+19.06%
2020	+4.36%	+9.44%
2019	+8.01%	+3.32%
2018	+1.23%	N/A
2017	+7.24%	N/A
2016	+1.40%	N/A
2015	+4.50%	N/A
2014	+4.26%	N/A

FMB vs ACIO Drawdown Comparison

The maximum drawdown for FMB was -14.16%, occurring on Oct 26, 2022. Recovery took 1067 trading sessions.

The maximum drawdown for ACIO was -14.18%, occurring on Mar 23, 2020. Recovery took 123 trading sessions.

The current FMB drawdown is -0.96%.

Rank	FMB	ACIO
#1	-14.16% Jul 19, 2021 - Oct 16, 2025	-14.18% Jan 17, 2020 - Jul 15, 2020
#2	-13.92% Mar 6, 2020 - Dec 3, 2020	-14.00% Dec 20, 2021 - Nov 20, 2023
#3	-6.01% Sep 7, 2016 - Jun 6, 2017	-12.12% Jan 23, 2025 - Jun 30, 2025
#4	-2.73% Feb 27, 2026 - Mar 26, 2026	-7.22% Oct 28, 2025 - Apr 16, 2026
#5	-2.10% Feb 10, 2021 - May 25, 2021	-5.72% Sep 2, 2020 - Nov 9, 2020
#6	-2.01% Aug 15, 2018 - Dec 7, 2018	-5.31% Jul 26, 2019 - Nov 15, 2019
#7	-2.00% Apr 14, 2015 - Oct 7, 2015	-5.18% Jul 16, 2024 - Aug 19, 2024
#8	-1.96% Dec 6, 2017 - Jul 13, 2018	-4.27% Sep 2, 2021 - Oct 20, 2021
#9	-1.59% Jan 28, 2015 - Mar 19, 2015	-4.05% Feb 17, 2021 - Mar 26, 2021
#10	-1.51% Oct 30, 2014 - Dec 12, 2014	-3.60% Mar 28, 2024 - May 10, 2024
#11	-1.48% Sep 3, 2019 - Oct 8, 2019	-3.54% Dec 4, 2024 - Jan 23, 2025
#12	-1.34% Oct 8, 2019 - Jan 3, 2020	-3.16% Jan 20, 2021 - Feb 12, 2021
#13	-1.20% May 16, 2014 - Jun 26, 2014	-3.15% May 7, 2021 - Jun 14, 2021
#14	-1.16% Jun 26, 2014 - Jul 28, 2014	-2.93% Nov 8, 2021 - Dec 7, 2021
#15	-1.05% Feb 19, 2016 - Apr 4, 2016	-2.75% Aug 30, 2024 - Sep 19, 2024

Correlation

Correlation between FMB and ACIO is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.61

-101

Dividend Comparison (2014 - 2026)

FMB vs ACIO dividend yield comparison.

Year	FMB	ACIO
2026	1.21%	0.14%
2025	3.37%	0.37%
2024	3.22%	0.44%
2023	2.98%	0.72%
2022	2.47%	1.51%
2021	1.96%	0.60%
2020	2.19%	1.02%
2019	2.47%	1.32%
2018	2.58%	0.00%
2017	2.49%	0.00%
2016	2.93%	0.00%
2015	3.07%	0.00%
2014	1.70%	0.00%