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RAA vs FSMB

Comparison between SMI 3FOURTEEN REAL ASSET ALLOCATION ETF (RAA, ETF) and FIRST TRUST SHORT DURATION MANAGED MUNICIPAL ETF (FSMB, ETF).

RAA vs FSMB - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
Winner
RAA
$613M
FSMB
$611M
Expense Ratio
RAA
0.90%
Winner
FSMB
0.34%
Max Drawdown
RAA
11.80%
Winner
FSMB
7.98%
Sharpe Ratio
Winner
RAA
1.60
FSMB
0.14
5Y Beta
RAA
0.65
Winner
FSMB
-0.01
5Y Dividends CAGR
RAA
N/A
FSMB
14.01%

RAA vs FSMB - Historical Returns

Returns include dividend reinvestment.

1M
RAA
-1.06%
Winner
FSMB
+0.42%
3M
Winner
RAA
+6.79%
FSMB
+0.32%
6M
Winner
RAA
+9.41%
FSMB
+1.43%
1Y
Winner
RAA
+20.78%
FSMB
+3.87%
5Y(CAGR)
RAA
N/A
FSMB
+1.47%
Max(CAGR)
Winner
RAA
+16.75%
FSMB
+2.18%

RAA vs FSMB - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

YearRAAFSMB
2026+8.74%+1.15%
2025+12.12%+4.14%
2024N/A+2.35%
2023N/A+3.49%
2022N/A-3.93%
2021N/A+1.17%
2020N/A+3.44%
2019N/A+3.90%
2018N/A+0.61%

RAA vs FSMB Drawdown Comparison

The maximum drawdown for RAA was -11.80%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.

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

The current RAA drawdown is -2.32%. The current FSMB drawdown is -0.22%.

RankRAAFSMB
#1-11.80%
Feb 26, 2025 - Jun 4, 2025
-6.32%
Mar 6, 2020 - Jul 16, 2020
#2-5.91%
Feb 25, 2026 - Apr 15, 2026
-5.97%
Jul 28, 2021 - Jul 9, 2024
#3-3.99%
Oct 28, 2025 - Dec 10, 2025
-1.76%
Apr 3, 2025 - Jun 4, 2025
#4-3.90%
Jun 2, 2026 - Jun 10, 2026
-1.29%
Feb 26, 2026 - Mar 24, 2026
#5-3.71%
Jan 28, 2026 - Feb 25, 2026
-0.93%
Feb 10, 2021 - Apr 15, 2021
#6-2.31%
Oct 8, 2025 - Oct 20, 2025
-0.82%
Oct 2, 2024 - Nov 27, 2024
#7-2.18%
May 14, 2026 - May 28, 2026
-0.80%
Dec 9, 2024 - Jan 30, 2025
#8-1.82%
Dec 11, 2025 - Dec 23, 2025
-0.63%
Aug 11, 2020 - Nov 4, 2020
#9-1.71%
Aug 13, 2025 - Sep 5, 2025
-0.55%
Mar 10, 2025 - Apr 3, 2025
#10-1.46%
Jul 29, 2025 - Aug 7, 2025
-0.53%
Aug 28, 2019 - Oct 9, 2019
#11-1.29%
Oct 20, 2025 - Oct 27, 2025
-0.39%
Sep 17, 2025 - Nov 26, 2025
#12-1.21%
Jan 12, 2026 - Jan 22, 2026
-0.30%
Feb 6, 2025 - Feb 21, 2025
#13-1.02%
Dec 26, 2025 - Jan 5, 2026
-0.29%
Nov 1, 2019 - Nov 21, 2019
#14-0.82%
Sep 22, 2025 - Sep 30, 2025
-0.27%
Apr 19, 2021 - May 25, 2021
#15-0.63%
Apr 17, 2026 - Apr 22, 2026
-0.27%
Jan 6, 2020 - Jan 10, 2020

Correlation

Correlation between RAA and FSMB is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97
-101

Dividend Comparison (2018 - 2026)

RAA vs FSMB dividend yield comparison.

YearRAAFSMB
20260.18%1.32%
20252.14%3.09%
20240.00%2.88%
20230.00%2.40%
20220.00%1.47%
20210.00%1.20%
20200.00%1.79%
20190.00%2.27%
20180.00%0.19%

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