FSMB vs ILTB

Comparison between FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF) and ISHARES CORE 10+ YEAR USD BOND ETF (ILTB, ETF).

5-Year PerformanceFSMB has outperformed ILTB, delivering a return of +1.3% compared to -4.3%

FSMB vs ILTB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSMB(ETF)	ILTB(ETF)
Net Assets	$626M	$625M
Expense Ratio	0.34%	0.06%
Max Drawdown	7.98%	43.92%
Sharpe Ratio	-0.56	-0.18
5Y Beta	-0.01	0.15
5Y Dividends CAGR	15.73%	-0.40%

Net Assets

Winner

FSMB

$626M

ILTB

$625M

Expense Ratio

FSMB

0.34%

Winner

ILTB

0.06%

Max Drawdown

Winner

FSMB

7.98%

ILTB

43.92%

Sharpe Ratio

FSMB

-0.56

Winner

ILTB

-0.18

5Y Beta

Winner

FSMB

-0.01

ILTB

0.15

5Y Dividends CAGR

Winner

FSMB

15.73%

ILTB

-0.40%

FSMB vs ILTB - Historical Returns

Returns include dividend reinvestment.

Period	FSMB	ILTB
1 month	-0.57%	-3.04%
3 months	-0.13%	-2.48%
6 months	+0.21%	-2.82%
1 year	+2.78%	+2.41%
5 years(CAGR)	+1.32%	-4.31%
10 years(CAGR)	N/A	+0.63%
Max(CAGR)	+2.08%	+3.75%

Winner

FSMB

-0.57%

ILTB

-3.04%

Winner

FSMB

-0.13%

ILTB

-2.48%

Winner

FSMB

+0.21%

ILTB

-2.82%

Winner

FSMB

+2.78%

ILTB

+2.41%

5Y(CAGR)

Winner

FSMB

+1.32%

ILTB

-4.31%

10Y(CAGR)

FSMB

N/A

ILTB

+0.63%

Max(CAGR)

FSMB

+2.08%

Winner

ILTB

+3.75%

FSMB vs ILTB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	FSMB	ILTB
2026	+0.65%	-1.90%
2025	+4.14%	+7.18%
2024	+2.35%	-2.26%
2023	+3.49%	+6.68%
2022	-3.93%	-25.30%
2021	+1.17%	-2.14%
2020	+3.44%	+15.27%
2019	+3.90%	+19.13%
2018	+0.61%	-4.25%
2017	N/A	+11.16%
2016	N/A	+7.20%
2015	N/A	-4.94%
2014	N/A	+19.44%
2013	N/A	-9.09%
2012	N/A	+8.57%
2011	N/A	+23.29%
2010	N/A	+10.29%
2009	N/A	-0.86%

FSMB vs ILTB Drawdown Comparison

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

The maximum drawdown for ILTB was -36.88%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current FSMB drawdown is -0.79%. The current ILTB drawdown is -23.15%.

Rank	FSMB	ILTB
#1	-6.32% Mar 6, 2020 - Jul 16, 2020	-36.88% Aug 6, 2020 - Oct 19, 2023
#2	-5.97% Jul 28, 2021 - Jul 9, 2024	-19.62% Mar 6, 2020 - Jul 7, 2020
#3	-1.76% Apr 3, 2025 - Jun 4, 2025	-15.32% Jul 25, 2012 - Jul 17, 2014
#4	-1.29% Feb 26, 2026 - Jun 26, 2026	-11.94% Jul 8, 2016 - Dec 6, 2017
#5	-0.93% Feb 10, 2021 - Apr 15, 2021	-11.80% Jan 30, 2015 - May 13, 2016
#6	-0.82% Oct 2, 2024 - Nov 27, 2024	-10.19% Sep 1, 2010 - Aug 2, 2011
#7	-0.80% Dec 9, 2024 - Jan 30, 2025	-9.29% Dec 15, 2017 - Mar 25, 2019
#8	-0.79% Jul 6, 2026 - Jul 23, 2026	-6.65% Sep 22, 2011 - Jan 17, 2012
#9	-0.63% Aug 11, 2020 - Nov 4, 2020	-5.61% Aug 28, 2019 - Jan 23, 2020
#10	-0.55% Mar 10, 2025 - Apr 3, 2025	-5.49% Jan 31, 2012 - May 4, 2012
#11	-0.53% Aug 28, 2019 - Oct 9, 2019	-4.04% Aug 28, 2014 - Oct 13, 2014
#12	-0.39% Sep 17, 2025 - Nov 26, 2025	-3.34% Aug 10, 2011 - Aug 18, 2011
#13	-0.30% Feb 6, 2025 - Feb 21, 2025	-3.27% Aug 19, 2011 - Sep 2, 2011
#14	-0.29% Nov 1, 2019 - Nov 21, 2019	-3.27% Jan 17, 2012 - Jan 31, 2012
#15	-0.27% Apr 19, 2021 - May 25, 2021	-3.18% May 6, 2010 - May 20, 2010

Correlation

Correlation between FSMB and ILTB is 0.02 which considered as a very weak or no correlation - the stocks move independently of each other.

0.02

-101

Dividend Comparison (2009 - 2026)

FSMB vs ILTB dividend yield comparison.

Year	FSMB	ILTB
2026	1.87%	2.57%
2025	3.09%	4.83%
2024	2.88%	4.91%
2023	2.40%	4.38%
2022	1.47%	4.31%
2021	1.20%	3.04%
2020	1.79%	3.32%
2019	2.27%	3.45%
2018	0.19%	4.13%
2017	0.00%	3.97%
2016	0.00%	3.99%
2015	0.00%	4.20%
2014	0.00%	3.62%
2013	0.00%	4.94%
2012	0.00%	3.42%
2011	0.00%	4.07%
2010	0.00%	4.59%
2009	0.00%	0.27%