FSMB vs WTAI

Comparison between FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF) and WISDOMTREE ARTIFICIAL INTELLIGENCE AND INNOVATION FUND (WTAI, ETF).

5-Year PerformanceWTAI has outperformed FSMB, delivering a return of +12.2% compared to +1.4%

FSMB vs WTAI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSMB(ETF)	WTAI(ETF)
Net Assets	$622M	$625M
Expense Ratio	0.34%	0.45%
Max Drawdown	7.98%	45.92%
Sharpe Ratio	-0.86	1.41
5Y Beta	-0.00	1.72
P/E Ratio	N/A	44.53
Forward P/E	N/A	24.39
PEG Ratio	N/A	0.20
5Y Dividends CAGR	18.00%	N/A
5Y EPS CAGR	N/A	33.17%
P/S Ratio	N/A	5.95
P/B Ratio	N/A	11.46

Net Assets

FSMB

$622M

Winner

WTAI

$625M

Expense Ratio

Winner

FSMB

0.34%

WTAI

0.45%

Max Drawdown

Winner

FSMB

7.98%

WTAI

45.92%

Sharpe Ratio

FSMB

-0.86

Winner

WTAI

1.41

5Y Beta

Winner

FSMB

-0.00

WTAI

1.72

P/E Ratio

FSMB

N/A

WTAI

44.53

Forward P/E

FSMB

N/A

WTAI

24.39

PEG Ratio

FSMB

N/A

WTAI

0.20

5Y Dividends CAGR

FSMB

18.00%

WTAI

N/A

5Y EPS CAGR

FSMB

N/A

WTAI

33.17%

P/S Ratio

FSMB

N/A

WTAI

5.95

P/B Ratio

FSMB

N/A

WTAI

11.46

FSMB vs WTAI - Historical Returns

Returns include dividend reinvestment.

Period	FSMB	WTAI
1 month	+0.24%	+9.27%
3 months	+0.35%	-3.07%
6 months	-0.15%	+38.55%
1 year	+2.48%	+64.70%
5 years(CAGR)	+1.43%	+12.23%
Max(CAGR)	+2.13%	+12.23%

FSMB

+0.24%

Winner

WTAI

+9.27%

Winner

FSMB

+0.35%

WTAI

-3.07%

FSMB

-0.15%

Winner

WTAI

+38.55%

FSMB

+2.48%

Winner

WTAI

+64.70%

5Y(CAGR)

FSMB

+1.43%

Winner

WTAI

+12.23%

Max(CAGR)

FSMB

+2.13%

Winner

WTAI

+12.23%

FSMB vs WTAI - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	FSMB	WTAI
2026	+1.23%	+41.12%
2025	+4.14%	+34.09%
2024	+2.35%	+10.20%
2023	+3.49%	+47.35%
2022	-3.93%	-42.97%
2021	+1.17%	-0.83%
2020	+3.44%	N/A
2019	+3.90%	N/A
2018	+0.61%	N/A

FSMB vs WTAI Drawdown Comparison

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

The maximum drawdown for WTAI was -45.92%, occurring on Oct 14, 2022. Recovery took 891 trading sessions.

The current FSMB drawdown is -0.26%. The current WTAI drawdown is -13.69%.

Rank	FSMB	WTAI
#1	-6.32% Mar 6, 2020 - Jul 16, 2020	-45.92% Dec 27, 2021 - Jul 17, 2025
#2	-5.97% Jul 28, 2021 - Jul 9, 2024	-27.61% Jun 22, 2026 - Jul 29, 2026
#3	-1.76% Apr 3, 2025 - Jun 4, 2025	-15.42% Nov 3, 2025 - Apr 13, 2026
#4	-1.29% Feb 26, 2026 - Jun 26, 2026	-12.30% Jun 2, 2026 - Jun 18, 2026
#5	-0.93% Feb 10, 2021 - Apr 15, 2021	-5.13% May 14, 2026 - May 21, 2026
#6	-0.82% Oct 2, 2024 - Nov 27, 2024	-4.64% Dec 9, 2021 - Dec 23, 2021
#7	-0.80% Dec 9, 2024 - Jan 30, 2025	-4.60% Oct 9, 2025 - Oct 24, 2025
#8	-0.79% Jul 6, 2026 - Aug 13, 2026	-4.46% Jul 30, 2025 - Aug 12, 2025
#9	-0.63% Aug 11, 2020 - Nov 4, 2020	-4.05% Aug 13, 2025 - Aug 28, 2025
#10	-0.55% Mar 10, 2025 - Apr 3, 2025	-3.15% Apr 27, 2026 - May 1, 2026
#11	-0.53% Aug 28, 2019 - Oct 9, 2019	-3.12% May 11, 2026 - May 14, 2026
#12	-0.39% Sep 17, 2025 - Nov 26, 2025	-2.81% Aug 28, 2025 - Sep 8, 2025
#13	-0.30% Feb 6, 2025 - Feb 21, 2025	-1.93% Sep 22, 2025 - Oct 2, 2025
#14	-0.29% Nov 1, 2019 - Nov 21, 2019	-1.70% Oct 6, 2025 - Oct 8, 2025
#15	-0.28% Aug 13, 2026 - Aug 20, 2026	-1.59% Apr 22, 2026 - Apr 24, 2026