FSMB vs ETJ

Comparison between FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF) and Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ, ETF).

5-Year PerformanceETJ has outperformed FSMB, delivering a return of +3.5% compared to +1.4%

FSMB vs ETJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSMB(ETF)	ETJ(ETF)
Net Assets	$622M	$619M
Expense Ratio	0.34%	N/A
Max Drawdown	7.98%	67.20%
Sharpe Ratio	-0.86	0.01
5Y Beta	-0.00	0.66
5Y Dividends CAGR	18.00%	-1.48%

Net Assets

Winner

FSMB

$622M

ETJ

$619M

Expense Ratio

FSMB

0.34%

ETJ

N/A

Max Drawdown

Winner

FSMB

7.98%

ETJ

67.20%

Sharpe Ratio

FSMB

-0.86

Winner

ETJ

0.01

5Y Beta

Winner

FSMB

-0.00

ETJ

0.66

5Y Dividends CAGR

Winner

FSMB

18.00%

ETJ

-1.48%

FSMB vs ETJ - Historical Returns

Returns include dividend reinvestment.

Period	FSMB	ETJ
1 month	+0.24%	+1.97%
3 months	+0.35%	+2.58%
6 months	-0.15%	+1.15%
1 year	+2.48%	+3.36%
5 years(CAGR)	+1.43%	+3.49%
10 years(CAGR)	N/A	+8.38%
Max(CAGR)	+2.13%	+5.48%

FSMB

+0.24%

Winner

ETJ

+1.97%

FSMB

+0.35%

Winner

ETJ

+2.58%

FSMB

-0.15%

Winner

ETJ

+1.15%

FSMB

+2.48%

Winner

ETJ

+3.36%

5Y(CAGR)

FSMB

+1.43%

Winner

ETJ

+3.49%

10Y(CAGR)

FSMB

N/A

ETJ

+8.38%

Max(CAGR)

FSMB

+2.13%

Winner

ETJ

+5.48%

FSMB vs ETJ - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FSMB	ETJ
2026	+1.23%	+2.20%
2025	+4.14%	+4.37%
2024	+2.35%	+30.50%
2023	+3.49%	+14.46%
2022	-3.93%	-23.01%
2021	+1.17%	+15.18%
2020	+3.44%	+22.42%
2019	+3.90%	+26.64%
2018	+0.61%	-8.47%
2017	N/A	+18.00%
2016	N/A	+0.02%
2015	N/A	+4.14%
2014	N/A	+4.34%
2013	N/A	+17.40%
2012	N/A	+9.78%
2011	N/A	-13.13%
2010	N/A	-11.37%
2009	N/A	+3.45%
2008	N/A	+6.37%
2007	N/A	-4.18%

FSMB vs ETJ Drawdown Comparison

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

The maximum drawdown for ETJ was -32.81%, occurring on Mar 18, 2020. Recovery took 73 trading sessions.

The current FSMB drawdown is -0.26%. The current ETJ drawdown is -0.06%.

Rank	FSMB	ETJ
#1	-6.32% Mar 6, 2020 - Jul 16, 2020	-32.81% Feb 19, 2020 - Jun 3, 2020
#2	-5.97% Jul 28, 2021 - Jul 9, 2024	-31.32% Apr 22, 2010 - Jan 14, 2014
#3	-1.76% Apr 3, 2025 - Jun 4, 2025	-30.40% Jul 31, 2008 - Jul 21, 2009
#4	-1.29% Feb 26, 2026 - Jun 26, 2026	-28.53% Nov 12, 2021 - Aug 16, 2024
#5	-0.93% Feb 10, 2021 - Apr 15, 2021	-19.65% Oct 1, 2018 - Apr 17, 2019
#6	-0.82% Oct 2, 2024 - Nov 27, 2024	-15.45% Dec 26, 2024 - Jun 30, 2025
#7	-0.80% Dec 9, 2024 - Jan 30, 2025	-15.30% Jul 27, 2007 - Apr 24, 2008
#8	-0.79% Jul 6, 2026 - Aug 13, 2026	-12.54% Jun 18, 2015 - Jul 8, 2016
#9	-0.63% Aug 11, 2020 - Nov 4, 2020	-10.41% Feb 2, 2026 - Aug 7, 2026
#10	-0.55% Mar 10, 2025 - Apr 3, 2025	-9.84% Aug 22, 2016 - Jan 25, 2017
#11	-0.53% Aug 28, 2019 - Oct 9, 2019	-8.46% Jan 12, 2018 - Jun 4, 2018
#12	-0.39% Sep 17, 2025 - Nov 26, 2025	-8.25% Nov 28, 2014 - Jun 18, 2015
#13	-0.30% Feb 6, 2025 - Feb 21, 2025	-8.19% Sep 18, 2014 - Nov 28, 2014
#14	-0.29% Nov 1, 2019 - Nov 21, 2019	-7.97% Sep 1, 2020 - Nov 13, 2020
#15	-0.28% Aug 13, 2026 - Aug 20, 2026	-6.75% Sep 18, 2009 - Jan 8, 2010

Correlation

Correlation between FSMB and ETJ is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2007 - 2026)

FSMB vs ETJ dividend yield comparison.

Year	FSMB	ETJ
2026	2.13%	6.15%
2025	3.09%	8.86%
2024	2.88%	8.16%
2023	2.40%	8.86%
2022	1.47%	11.68%
2021	1.20%	8.53%
2020	1.79%	8.79%
2019	2.27%	9.77%
2018	0.19%	11.23%
2017	0.00%	9.82%
2016	0.00%	12.46%
2015	0.00%	10.98%
2014	0.00%	10.47%
2013	0.00%	9.90%
2012	0.00%	11.09%
2011	0.00%	12.23%
2010	0.00%	13.55%
2009	0.00%	10.80%
2008	0.00%	10.01%
2007	0.00%	2.41%