FMB vs XCEM

Comparison between FIRST TRUST MANAGED MUNICIPAL ETF (FMB, ETF) and COLUMBIA EM CORE EX-CHINA ETF (XCEM, ETF).

5-Year PerformanceXCEM has outperformed FMB, delivering a return of +11.4% compared to +0.6%

FMB vs XCEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMB(ETF)	XCEM(ETF)
Net Assets	$2B	$2B
Expense Ratio	0.39%	0.16%
Max Drawdown	16.84%	43.98%
Sharpe Ratio	1.13	2.04
5Y Beta	0.02	0.88
5Y Dividends CAGR	8.25%	13.90%

Net Assets

FMB

$2B

XCEM

$2B

Expense Ratio

FMB

0.39%

Winner

XCEM

0.16%

Max Drawdown

Winner

FMB

16.84%

XCEM

43.98%

Sharpe Ratio

FMB

1.13

Winner

XCEM

2.04

5Y Beta

Winner

FMB

0.02

XCEM

0.88

5Y Dividends CAGR

FMB

8.25%

Winner

XCEM

13.90%

FMB vs XCEM - Historical Returns

Returns include dividend reinvestment.

Period	FMB	XCEM
1 month	+0.65%	+6.35%
3 months	+1.02%	+26.70%
6 months	+2.21%	+40.42%
1 year	+6.60%	+60.53%
5 years(CAGR)	+0.63%	+11.44%
10 years(CAGR)	+2.27%	+12.68%
Max(CAGR)	+2.96%	+12.36%

FMB

+0.65%

Winner

XCEM

+6.35%

FMB

+1.02%

Winner

XCEM

+26.70%

FMB

+2.21%

Winner

XCEM

+40.42%

FMB

+6.60%

Winner

XCEM

+60.53%

5Y(CAGR)

FMB

+0.63%

Winner

XCEM

+11.44%

10Y(CAGR)

FMB

+2.27%

Winner

XCEM

+12.68%

Max(CAGR)

FMB

+2.96%

Winner

XCEM

+12.36%

FMB vs XCEM - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	FMB	XCEM
2026	+1.67%	+31.80%
2025	+3.55%	+33.80%
2024	+2.11%	+1.38%
2023	+6.09%	+20.52%
2022	-9.81%	-18.63%
2021	+2.41%	+6.23%
2020	+4.36%	+8.30%
2019	+8.01%	+18.74%
2018	+1.23%	-11.80%
2017	+7.24%	+33.04%
2016	+1.40%	+23.69%
2015	+4.50%	-0.89%
2014	+4.26%	N/A

FMB vs XCEM Drawdown Comparison

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

The maximum drawdown for XCEM was -41.24%, occurring on Mar 23, 2020. Recovery took 719 trading sessions.

The current FMB drawdown is -0.49%. The current XCEM drawdown is -3.74%.

Rank	FMB	XCEM
#1	-14.16% Jul 19, 2021 - Oct 16, 2025	-41.24% Jan 26, 2018 - Dec 3, 2020
#2	-13.92% Mar 6, 2020 - Dec 3, 2020	-29.65% Jun 4, 2021 - Jul 2, 2024
#3	-6.01% Sep 7, 2016 - Jun 6, 2017	-21.67% Oct 9, 2015 - Apr 13, 2016
#4	-2.73% Feb 27, 2026 - Mar 26, 2026	-18.87% Sep 26, 2024 - Jun 10, 2025
#5	-2.10% Feb 10, 2021 - May 25, 2021	-14.46% Feb 25, 2026 - Apr 17, 2026
#6	-2.01% Aug 15, 2018 - Dec 7, 2018	-10.00% Sep 6, 2016 - Jan 24, 2017
#7	-2.00% Apr 14, 2015 - Oct 7, 2015	-9.39% Jul 16, 2024 - Sep 24, 2024
#8	-1.96% Dec 6, 2017 - Jul 13, 2018	-9.16% Sep 17, 2015 - Oct 7, 2015
#9	-1.59% Jan 28, 2015 - Mar 19, 2015	-9.03% Apr 19, 2016 - Jun 8, 2016
#10	-1.51% Oct 30, 2014 - Dec 12, 2014	-8.95% Jun 2, 2026 - Jun 5, 2026
#11	-1.48% Sep 3, 2019 - Oct 8, 2019	-7.04% Jan 14, 2021 - Feb 11, 2021
#12	-1.34% Oct 8, 2019 - Jan 3, 2020	-6.25% Jun 8, 2016 - Jun 23, 2016
#13	-1.20% May 16, 2014 - Jun 26, 2014	-5.86% May 8, 2026 - May 26, 2026
#14	-1.16% Jun 26, 2014 - Jul 28, 2014	-5.64% May 7, 2021 - Jun 1, 2021
#15	-1.05% Feb 19, 2016 - Apr 4, 2016	-5.58% Feb 17, 2021 - May 7, 2021

Correlation

Correlation between FMB and XCEM is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (2014 - 2026)

FMB vs XCEM dividend yield comparison.

Year	FMB	XCEM
2026	1.51%	0.00%
2025	3.37%	3.25%
2024	3.22%	2.76%
2023	2.98%	1.22%
2022	2.47%	2.42%
2021	1.96%	1.94%
2020	2.19%	1.63%
2019	2.47%	2.11%
2018	2.58%	2.70%
2017	2.49%	9.56%
2016	2.93%	1.24%
2015	3.07%	2.63%
2014	1.70%	0.00%