FSMB vs CTEF

Comparison between FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF) and CASTELLAN TARGETED EQUITY ETF (CTEF, ETF).

FSMB vs CTEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSMB(ETF)	CTEF(ETF)
Net Assets	$611M	$610M
Expense Ratio	0.34%	0.45%
Max Drawdown	7.98%	15.00%
Sharpe Ratio	0.14	2.56
5Y Beta	-0.01	1.47
P/E Ratio	N/A	20.18
Forward P/E	N/A	15.57
PEG Ratio	N/A	0.19
5Y Dividends CAGR	14.01%	N/A
5Y EPS CAGR	N/A	56.00%
Debt to Equity	N/A	85.14%
P/S Ratio	N/A	2.14
P/B Ratio	N/A	6.29

Net Assets

Winner

FSMB

$611M

CTEF

$610M

Expense Ratio

Winner

FSMB

0.34%

CTEF

0.45%

Max Drawdown

Winner

FSMB

7.98%

CTEF

15.00%

Sharpe Ratio

FSMB

0.14

Winner

CTEF

2.56

5Y Beta

Winner

FSMB

-0.01

CTEF

1.47

P/E Ratio

FSMB

N/A

CTEF

20.18

Forward P/E

FSMB

N/A

CTEF

15.57

PEG Ratio

FSMB

N/A

CTEF

0.19

5Y Dividends CAGR

FSMB

14.01%

CTEF

N/A

5Y EPS CAGR

FSMB

N/A

CTEF

56.00%

Debt to Equity

FSMB

N/A

CTEF

85.14%

P/S Ratio

FSMB

N/A

CTEF

2.14

P/B Ratio

FSMB

N/A

CTEF

6.29

FSMB vs CTEF - Historical Returns

Returns include dividend reinvestment.

Period	FSMB	CTEF
1 month	+0.42%	+9.09%
3 months	+0.32%	+27.77%
6 months	+1.43%	+34.20%
1 year	+3.87%	+76.99%
5 years(CAGR)	+1.47%	N/A
Max(CAGR)	+2.18%	+78.76%

FSMB

+0.42%

Winner

CTEF

+9.09%

FSMB

+0.32%

Winner

CTEF

+27.77%

FSMB

+1.43%

Winner

CTEF

+34.20%

FSMB

+3.87%

Winner

CTEF

+76.99%

5Y(CAGR)

FSMB

+1.47%

CTEF

N/A

Max(CAGR)

FSMB

+2.18%

Winner

CTEF

+78.76%

FSMB vs CTEF - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	FSMB	CTEF
2026	+1.15%	+30.14%
2025	+4.14%	+33.22%
2024	+2.35%	N/A
2023	+3.49%	N/A
2022	-3.93%	N/A
2021	+1.17%	N/A
2020	+3.44%	N/A
2019	+3.90%	N/A
2018	+0.61%	N/A

FSMB vs CTEF Drawdown Comparison

The maximum drawdown for FSMB was -6.32%, occurring on Mar 20, 2020. Recovery took 91 trading sessions.

The maximum drawdown for CTEF was -15.00%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.

The current FSMB drawdown is -0.22%.

Rank	FSMB	CTEF
#1	-6.32% Mar 6, 2020 - Jul 16, 2020	-15.00% Feb 25, 2026 - Apr 14, 2026
#2	-5.97% Jul 28, 2021 - Jul 9, 2024	-6.99% Nov 10, 2025 - Dec 10, 2025
#3	-1.76% Apr 3, 2025 - Jun 4, 2025	-5.33% Oct 1, 2025 - Oct 24, 2025
#4	-1.29% Feb 26, 2026 - Mar 24, 2026	-4.97% May 14, 2026 - May 26, 2026
#5	-0.93% Feb 10, 2021 - Apr 15, 2021	-4.01% Dec 11, 2025 - Dec 22, 2025
#6	-0.82% Oct 2, 2024 - Nov 27, 2024	-3.39% Jan 29, 2026 - Feb 6, 2026
#7	-0.80% Dec 9, 2024 - Jan 30, 2025	-3.30% Jun 2, 2026 - Jun 11, 2026
#8	-0.63% Aug 11, 2020 - Nov 4, 2020	-2.49% Dec 24, 2025 - Jan 5, 2026
#9	-0.55% Mar 10, 2025 - Apr 3, 2025	-2.27% Sep 22, 2025 - Sep 30, 2025
#10	-0.53% Aug 28, 2019 - Oct 9, 2019	-2.23% Apr 20, 2026 - May 1, 2026
#11	-0.39% Sep 17, 2025 - Nov 26, 2025	-2.05% Oct 27, 2025 - Nov 10, 2025
#12	-0.30% Feb 6, 2025 - Feb 21, 2025	-2.04% Jan 6, 2026 - Jan 21, 2026
#13	-0.29% Nov 1, 2019 - Nov 21, 2019	-1.85% Aug 28, 2025 - Sep 4, 2025
#14	-0.27% Apr 19, 2021 - May 25, 2021	-1.79% Feb 18, 2026 - Feb 25, 2026
#15	-0.27% Jan 6, 2020 - Jan 10, 2020	-1.61% Feb 11, 2026 - Feb 18, 2026