FMB vs QDF

Comparison between FIRST TRUST MANAGED MUNICIPAL ETF (FMB, ETF) and FLEXSHARES QUALITY DIVIDEND INDEX FUND (QDF, ETF).

5-Year PerformanceQDF has outperformed FMB, delivering a return of +11.2% compared to +0.8%

FMB vs QDF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMB(ETF)	QDF(ETF)
Net Assets	$2B	$2B
Expense Ratio	0.39%	0.39%
Max Drawdown	16.84%	37.16%
Sharpe Ratio	0.92	2.01
5Y Beta	0.02	0.88
P/E Ratio	N/A	22.17
Forward P/E	N/A	17.20
PEG Ratio	N/A	0.18
5Y Dividends CAGR	7.87%	1.72%
5Y EPS CAGR	N/A	23.14%
Debt to Equity	N/A	-64.16%
P/S Ratio	N/A	3.68
P/B Ratio	N/A	4.73

Net Assets

FMB

$2B

QDF

$2B

Expense Ratio

FMB

0.39%

QDF

0.39%

Max Drawdown

Winner

FMB

16.84%

QDF

37.16%

Sharpe Ratio

FMB

0.92

Winner

QDF

2.01

5Y Beta

Winner

FMB

0.02

QDF

0.88

P/E Ratio

FMB

N/A

QDF

22.17

Forward P/E

FMB

N/A

QDF

17.20

PEG Ratio

FMB

N/A

QDF

0.18

5Y Dividends CAGR

Winner

FMB

7.87%

QDF

1.72%

5Y EPS CAGR

FMB

N/A

QDF

23.14%

Debt to Equity

FMB

N/A

QDF

-64.16%

P/S Ratio

FMB

N/A

QDF

3.68

P/B Ratio

FMB

N/A

QDF

4.73

FMB vs QDF - Historical Returns

Returns include dividend reinvestment.

Period	FMB	QDF
1 month	+0.50%	+6.30%
3 months	-0.04%	+4.04%
6 months	+1.70%	+10.70%
1 year	+6.45%	+30.52%
5 years(CAGR)	+0.76%	+11.20%
10 years(CAGR)	+2.31%	+12.14%
Max(CAGR)	+2.95%	+12.53%

FMB

+0.50%

Winner

QDF

+6.30%

FMB

-0.04%

Winner

QDF

+4.04%

FMB

+1.70%

Winner

QDF

+10.70%

FMB

+6.45%

Winner

QDF

+30.52%

5Y(CAGR)

FMB

+0.76%

Winner

QDF

+11.20%

10Y(CAGR)

FMB

+2.31%

Winner

QDF

+12.14%

Max(CAGR)

FMB

+2.95%

Winner

QDF

+12.53%

FMB vs QDF - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	FMB	QDF
2026	+1.20%	+7.12%
2025	+3.55%	+16.90%
2024	+2.11%	+17.35%
2023	+6.09%	+20.23%
2022	-9.81%	-12.32%
2021	+2.41%	+28.22%
2020	+4.36%	+4.57%
2019	+8.01%	+25.67%
2018	+1.23%	-8.42%
2017	+7.24%	+16.35%
2016	+1.40%	+18.28%
2015	+4.50%	-0.87%
2014	+4.26%	+12.97%
2013	N/A	+33.51%
2012	N/A	-1.59%

FMB vs QDF Drawdown Comparison

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

The maximum drawdown for QDF was -36.64%, occurring on Mar 23, 2020. Recovery took 203 trading sessions.

The current FMB drawdown is -0.96%. The current QDF drawdown is -0.44%.

Rank	FMB	QDF
#1	-14.16% Jul 19, 2021 - Oct 16, 2025	-36.64% Feb 12, 2020 - Dec 1, 2020
#2	-13.92% Mar 6, 2020 - Dec 3, 2020	-22.06% Jan 4, 2022 - Jul 19, 2023
#3	-6.01% Sep 7, 2016 - Jun 6, 2017	-19.87% Sep 21, 2018 - Oct 21, 2019
#4	-2.73% Feb 27, 2026 - Mar 26, 2026	-18.01% Dec 2, 2024 - Jun 27, 2025
#5	-2.10% Feb 10, 2021 - May 25, 2021	-13.20% May 21, 2015 - Apr 13, 2016
#6	-2.01% Aug 15, 2018 - Dec 7, 2018	-10.62% Jan 26, 2018 - Aug 21, 2018
#7	-2.00% Apr 14, 2015 - Oct 7, 2015	-10.52% Jul 31, 2023 - Dec 11, 2023
#8	-1.96% Dec 6, 2017 - Jul 13, 2018	-7.89% Feb 25, 2026 - Apr 17, 2026
#9	-1.59% Jan 28, 2015 - Mar 19, 2015	-6.90% Sep 18, 2014 - Oct 31, 2014
#10	-1.51% Oct 30, 2014 - Dec 12, 2014	-6.04% Dec 31, 2013 - Feb 28, 2014
#11	-1.48% Sep 3, 2019 - Oct 8, 2019	-5.75% Jul 16, 2024 - Aug 19, 2024
#12	-1.34% Oct 8, 2019 - Jan 3, 2020	-5.75% Mar 28, 2024 - May 15, 2024
#13	-1.20% May 16, 2014 - Jun 26, 2014	-5.22% Aug 2, 2013 - Oct 17, 2013
#14	-1.16% Jun 26, 2014 - Jul 28, 2014	-5.18% Jun 23, 2016 - Jul 8, 2016
#15	-1.05% Feb 19, 2016 - Apr 4, 2016	-5.05% May 21, 2013 - Jul 9, 2013

Correlation

Correlation between FMB and QDF is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2012 - 2026)

FMB vs QDF dividend yield comparison.

Year	FMB	QDF
2026	1.21%	0.23%
2025	3.37%	1.65%
2024	3.22%	1.93%
2023	2.98%	2.19%
2022	2.47%	2.45%
2021	1.96%	1.90%
2020	2.19%	2.38%
2019	2.47%	3.05%
2018	2.58%	4.29%
2017	2.49%	2.70%
2016	2.93%	3.07%
2015	3.07%	3.04%
2014	1.70%	2.70%
2013	0.00%	2.08%
2012	0.00%	0.49%