FSMB vs EMHY

Comparison between FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF) and ISHARES J.P. MORGAN EM HIGH YIELD BOND ETF (EMHY, ETF).

5-Year PerformanceEMHY has outperformed FSMB, delivering a return of +4.4% compared to +1.4%

FSMB vs EMHY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSMB(ETF)	EMHY(ETF)
Net Assets	$622M	$623M
Expense Ratio	0.34%	0.50%
Max Drawdown	7.98%	43.77%
Sharpe Ratio	-0.86	0.94
5Y Beta	-0.00	0.29
5Y Dividends CAGR	18.00%	-1.06%

Net Assets

FSMB

$622M

Winner

EMHY

$623M

Expense Ratio

Winner

FSMB

0.34%

EMHY

0.50%

Max Drawdown

Winner

FSMB

7.98%

EMHY

43.77%

Sharpe Ratio

FSMB

-0.86

Winner

EMHY

0.94

5Y Beta

Winner

FSMB

-0.00

EMHY

0.29

5Y Dividends CAGR

Winner

FSMB

18.00%

EMHY

-1.06%

FSMB vs EMHY - Historical Returns

Returns include dividend reinvestment.

Period	FSMB	EMHY
1 month	+0.24%	+1.01%
3 months	+0.35%	+1.49%
6 months	-0.15%	+2.24%
1 year	+2.48%	+9.34%
5 years(CAGR)	+1.43%	+4.37%
10 years(CAGR)	N/A	+4.20%
Max(CAGR)	+2.13%	+4.97%

FSMB

+0.24%

Winner

EMHY

+1.01%

FSMB

+0.35%

Winner

EMHY

+1.49%

FSMB

-0.15%

Winner

EMHY

+2.24%

FSMB

+2.48%

Winner

EMHY

+9.34%

5Y(CAGR)

FSMB

+1.43%

Winner

EMHY

+4.37%

10Y(CAGR)

FSMB

N/A

EMHY

+4.20%

Max(CAGR)

FSMB

+2.13%

Winner

EMHY

+4.97%

FSMB vs EMHY - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	FSMB	EMHY
2026	+1.23%	+4.03%
2025	+4.14%	+13.16%
2024	+2.35%	+12.94%
2023	+3.49%	+10.68%
2022	-3.93%	-12.40%
2021	+1.17%	-1.83%
2020	+3.44%	+3.40%
2019	+3.90%	+12.72%
2018	+0.61%	-5.59%
2017	N/A	+8.51%
2016	N/A	+15.66%
2015	N/A	+1.72%
2014	N/A	+1.66%
2013	N/A	-6.95%
2012	N/A	+18.07%

FSMB vs EMHY Drawdown Comparison

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

The maximum drawdown for EMHY was -30.11%, occurring on Mar 18, 2020. Recovery took 204 trading sessions.

The current FSMB drawdown is -0.26%. The current EMHY drawdown is -0.05%.

Rank	FSMB	EMHY
#1	-6.32% Mar 6, 2020 - Jul 16, 2020	-30.11% Feb 14, 2020 - Dec 4, 2020
#2	-5.97% Jul 28, 2021 - Jul 9, 2024	-25.84% Sep 14, 2021 - Jul 31, 2024
#3	-1.76% Apr 3, 2025 - Jun 4, 2025	-14.90% Jul 24, 2014 - Apr 19, 2016
#4	-1.29% Feb 26, 2026 - Jun 26, 2026	-14.03% May 9, 2013 - May 23, 2014
#5	-0.93% Feb 10, 2021 - Apr 15, 2021	-9.70% Jan 5, 2018 - Mar 15, 2019
#6	-0.82% Oct 2, 2024 - Nov 27, 2024	-6.31% May 7, 2012 - Jul 6, 2012
#7	-0.80% Dec 9, 2024 - Jan 30, 2025	-5.96% Feb 28, 2025 - May 16, 2025
#8	-0.79% Jul 6, 2026 - Aug 13, 2026	-5.88% Oct 25, 2016 - Feb 3, 2017
#9	-0.63% Aug 11, 2020 - Nov 4, 2020	-4.47% Dec 30, 2020 - May 25, 2021
#10	-0.55% Mar 10, 2025 - Apr 3, 2025	-4.34% Feb 18, 2026 - Apr 17, 2026
#11	-0.53% Aug 28, 2019 - Oct 9, 2019	-3.99% Jul 26, 2019 - Dec 16, 2019
#12	-0.39% Sep 17, 2025 - Nov 26, 2025	-2.95% Jan 3, 2013 - May 2, 2013
#13	-0.30% Feb 6, 2025 - Feb 21, 2025	-2.73% Oct 19, 2017 - Jan 4, 2018
#14	-0.29% Nov 1, 2019 - Nov 21, 2019	-2.34% Dec 6, 2024 - Jan 30, 2025
#15	-0.28% Aug 13, 2026 - Aug 20, 2026	-2.20% Sep 7, 2016 - Oct 24, 2016

Correlation

Correlation between FSMB and EMHY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2012 - 2026)

FSMB vs EMHY dividend yield comparison.

Year	FSMB	EMHY
2026	2.13%	3.81%
2025	3.09%	6.52%
2024	2.88%	6.86%
2023	2.40%	6.73%
2022	1.47%	7.08%
2021	1.20%	5.58%
2020	1.79%	5.44%
2019	2.27%	5.72%
2018	0.19%	6.79%
2017	0.00%	5.59%
2016	0.00%	6.43%
2015	0.00%	6.99%
2014	0.00%	6.36%
2013	0.00%	6.03%
2012	0.00%	3.54%