FSMB vs TAFM
Comparison between FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF) and AB TAX-AWARE INTERMEDIATE MUNICIPAL ETF (TAFM, ETF).
FSMB vs TAFM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FSMB
$611M
Winner
TAFM
$612M
Expense Ratio
FSMB
0.34%
Winner
TAFM
0.28%
Max Drawdown
FSMB
7.98%
Winner
TAFM
6.06%
Sharpe Ratio
FSMB
0.14
Winner
TAFM
1.12
5Y Beta
Winner
FSMB
-0.01
TAFM
0.00
5Y Dividends CAGR
FSMB
14.01%
TAFM
N/A
FSMB vs TAFM - Historical Returns
Returns include dividend reinvestment.
1M
FSMB
+0.64%
Winner
TAFM
+1.40%
3M
FSMB
+0.27%
Winner
TAFM
+0.83%
6M
FSMB
+1.41%
Winner
TAFM
+2.30%
1Y
FSMB
+3.86%
Winner
TAFM
+6.96%
5Y(CAGR)
FSMB
+1.47%
TAFM
N/A
Max(CAGR)
FSMB
+2.18%
Winner
TAFM
+4.09%
FSMB vs TAFM - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | FSMB | TAFM |
|---|---|---|
| 2026 | +1.15% | +1.82% |
| 2025 | +4.14% | +4.26% |
| 2024 | +2.35% | +2.74% |
| 2023 | +3.49% | +1.51% |
| 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 TAFM Drawdown Comparison
The maximum drawdown for FSMB was -6.32%, occurring on Mar 20, 2020. Recovery took 91 trading sessions.
The maximum drawdown for TAFM was -4.74%, occurring on Apr 11, 2025. Recovery took 131 trading sessions.
The current FSMB drawdown is -0.22%. The current TAFM drawdown is -0.32%.
| Rank | FSMB | TAFM |
|---|---|---|
| #1 | -6.32% Mar 6, 2020 - Jul 16, 2020 | -4.74% Feb 28, 2025 - Sep 8, 2025 |
| #2 | -5.97% Jul 28, 2021 - Jul 9, 2024 | -2.73% Dec 6, 2024 - Feb 28, 2025 |
| #3 | -1.76% Apr 3, 2025 - Jun 4, 2025 | -2.69% Feb 27, 2026 - Mar 27, 2026 |
| #4 | -1.29% Feb 26, 2026 - Mar 24, 2026 | -2.50% Oct 2, 2024 - Dec 3, 2024 |
| #5 | -0.93% Feb 10, 2021 - Apr 15, 2021 | -1.60% Feb 1, 2024 - May 15, 2024 |
| #6 | -0.82% Oct 2, 2024 - Nov 27, 2024 | -1.28% May 15, 2024 - Jun 6, 2024 |
| #7 | -0.80% Dec 9, 2024 - Jan 30, 2025 | -1.19% Dec 27, 2023 - Jan 31, 2024 |
| #8 | -0.63% Aug 11, 2020 - Nov 4, 2020 | -0.85% Jun 14, 2024 - Jul 9, 2024 |
| #9 | -0.55% Mar 10, 2025 - Apr 3, 2025 | -0.74% Dec 1, 2025 - Jan 5, 2026 |
| #10 | -0.53% Aug 28, 2019 - Oct 9, 2019 | -0.66% Nov 11, 2025 - Dec 1, 2025 |
| #11 | -0.39% Sep 17, 2025 - Nov 26, 2025 | -0.57% Aug 5, 2024 - Sep 3, 2024 |
| #12 | -0.30% Feb 6, 2025 - Feb 21, 2025 | -0.53% Jun 6, 2024 - Jun 12, 2024 |
| #13 | -0.29% Nov 1, 2019 - Nov 21, 2019 | -0.48% Oct 27, 2025 - Nov 11, 2025 |
| #14 | -0.27% Apr 19, 2021 - May 25, 2021 | -0.47% Sep 17, 2025 - Oct 3, 2025 |
| #15 | -0.27% Jan 6, 2020 - Jan 10, 2020 | -0.38% Sep 17, 2024 - Oct 1, 2024 |
Correlation
Correlation between FSMB and TAFM is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2018 - 2026)
FSMB vs TAFM dividend yield comparison.
| Year | FSMB | TAFM |
|---|---|---|
| 2026 | 1.32% | 1.50% |
| 2025 | 3.09% | 3.51% |
| 2024 | 2.88% | 3.35% |
| 2023 | 2.40% | 0.18% |
| 2022 | 1.47% | 0.00% |
| 2021 | 1.20% | 0.00% |
| 2020 | 1.79% | 0.00% |
| 2019 | 2.27% | 0.00% |
| 2018 | 0.19% | 0.00% |
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