FMB vs GAB

Comparison between FIRST TRUST MANAGED MUNICIPAL ETF (FMB, ETF) and Gabelli Equity Trust Inc (GAB, ETF).

5-Year PerformanceGAB has outperformed FMB, delivering a return of +5.6% compared to +0.6%

FMB vs GAB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMB(ETF)	GAB(ETF)
Net Assets	$2B	$2B
Expense Ratio	0.39%	N/A
Max Drawdown	16.84%	82.98%
Sharpe Ratio	1.13	0.34
5Y Beta	0.02	0.68
5Y Dividends CAGR	8.25%	5.08%

Net Assets

FMB

$2B

GAB

$2B

Expense Ratio

FMB

0.39%

GAB

N/A

Max Drawdown

Winner

FMB

16.84%

GAB

82.98%

Sharpe Ratio

Winner

FMB

1.13

GAB

0.34

5Y Beta

Winner

FMB

0.02

GAB

0.68

5Y Dividends CAGR

Winner

FMB

8.25%

GAB

5.08%

FMB vs GAB - Historical Returns

Returns include dividend reinvestment.

Period	FMB	GAB
1 month	+0.65%	+1.25%
3 months	+1.02%	+1.99%
6 months	+2.21%	-2.96%
1 year	+6.60%	+7.87%
5 years(CAGR)	+0.63%	+5.57%
10 years(CAGR)	+2.27%	+11.21%
Max(CAGR)	+2.96%	+7.98%

FMB

+0.65%

Winner

GAB

+1.25%

FMB

+1.02%

Winner

GAB

+1.99%

Winner

FMB

+2.21%

GAB

-2.96%

FMB

+6.60%

Winner

GAB

+7.87%

5Y(CAGR)

FMB

+0.63%

Winner

GAB

+5.57%

10Y(CAGR)

FMB

+2.27%

Winner

GAB

+11.21%

Max(CAGR)

FMB

+2.96%

Winner

GAB

+7.98%

FMB vs GAB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FMB	GAB
2026	+1.67%	-3.91%
2025	+3.55%	+27.36%
2024	+2.11%	+18.87%
2023	+6.09%	+3.80%
2022	-9.81%	-15.48%
2021	+2.41%	+32.58%
2020	+4.36%	+15.15%
2019	+8.01%	+29.04%
2018	+1.23%	-8.90%
2017	+7.24%	+24.03%
2016	+1.40%	+18.82%
2015	+4.50%	-8.75%
2014	+4.26%	-7.66%
2013	N/A	+47.48%
2012	N/A	+21.10%
2011	N/A	-3.68%
2010	N/A	+22.13%
2009	N/A	+50.58%
2008	N/A	-53.99%
2007	N/A	+12.37%
2006	N/A	+27.71%
2005	N/A	-1.82%
2004	N/A	+22.69%
2003	N/A	+24.64%
2002	N/A	-29.96%
2001	N/A	+7.02%
2000	N/A	+1.86%
1999	N/A	+8.65%

FMB vs GAB Drawdown Comparison

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

The maximum drawdown for GAB was -74.61%, occurring on Mar 9, 2009. Recovery took 905 trading sessions.

The current FMB drawdown is -0.49%. The current GAB drawdown is -7.84%.

Rank	FMB	GAB
#1	-14.16% Jul 19, 2021 - Oct 16, 2025	-74.61% Jul 12, 2007 - Feb 11, 2011
#2	-13.92% Mar 6, 2020 - Dec 3, 2020	-47.09% May 15, 2002 - Dec 2, 2004
#3	-6.01% Sep 7, 2016 - Jun 6, 2017	-46.69% Feb 19, 2020 - Oct 21, 2020
#4	-2.73% Feb 27, 2026 - Mar 26, 2026	-32.10% Mar 6, 2014 - Feb 14, 2017
#5	-2.10% Feb 10, 2021 - May 25, 2021	-26.78% Feb 11, 2011 - Mar 12, 2012
#6	-2.01% Aug 15, 2018 - Dec 7, 2018	-26.51% Dec 28, 2021 - Aug 30, 2024
#7	-2.00% Apr 14, 2015 - Oct 7, 2015	-24.51% Sep 20, 2018 - Apr 16, 2019
#8	-1.96% Dec 6, 2017 - Jul 13, 2018	-22.09% Jul 17, 2001 - Mar 8, 2002
#9	-1.59% Jan 28, 2015 - Mar 19, 2015	-18.14% Sep 16, 2005 - Aug 31, 2006
#10	-1.51% Oct 30, 2014 - Dec 12, 2014	-14.73% Jan 19, 2000 - May 17, 2001
#11	-1.48% Sep 3, 2019 - Oct 8, 2019	-12.90% Feb 17, 2026 - Apr 2, 2026
#12	-1.34% Oct 8, 2019 - Jan 3, 2020	-12.78% Mar 26, 2012 - Aug 28, 2012
#13	-1.20% May 16, 2014 - Jun 26, 2014	-12.35% Mar 24, 2025 - May 12, 2025
#14	-1.16% Jun 26, 2014 - Jul 28, 2014	-11.72% Sep 21, 2012 - Dec 18, 2012
#15	-1.05% Feb 19, 2016 - Apr 4, 2016	-9.98% Dec 26, 2013 - Feb 28, 2014

Correlation

Correlation between FMB and GAB is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2000 - 2026)

FMB vs GAB dividend yield comparison.

Year	FMB	GAB
2026	1.51%	2.65%
2025	3.37%	9.72%
2024	3.22%	11.15%
2023	2.98%	11.81%
2022	2.47%	10.95%
2021	1.96%	8.71%
2020	2.19%	9.57%
2019	2.47%	9.85%
2018	2.58%	12.55%
2017	2.49%	9.80%
2016	2.93%	10.87%
2015	3.07%	12.05%
2014	1.70%	9.89%
2013	0.00%	8.00%
2012	0.00%	10.03%
2011	0.00%	11.42%
2010	0.00%	8.99%
2009	0.00%	14.28%
2008	0.00%	21.62%
2007	0.00%	14.16%
2006	0.00%	9.35%
2005	0.00%	10.58%
2004	0.00%	8.87%
2003	0.00%	8.62%
2002	0.00%	13.87%
2001	0.00%	10.01%
2000	0.00%	6.73%