# First Trust Short Duration Managed Municipal ETF (FSMB)

> Source: Nexqual · https://nexqual.com/FSMB · data as of 2026-10-23 18:31 UTC · cite as "Nexqual, First Trust Short Duration Managed Municipal ETF (FSMB), nexqual.com/FSMB" · informational, not investment advice.

**Price:** USD 19.69 (+0.00% today) · US market open, as of October 23, 2026 at 18:31 UTC; quotes may be delayed. Prev close 19.69 · day 19.68–19.71 · 52w 19.37–20.25 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +1.3% vs S&P 500 +14.5%; 5Y +7.4% vs S&P 500 +77.1%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +1.3% | +7.4% |
| S&P 500 (SPY) | +14.5% | +77.1% |
| Per year | +1.3% | +1.4% |
| Volatility (annualized) | 1.8% | 2.1% |
| Max drawdown | -2.4% (Aug 2026→Sep 2026) | -5.7% (Nov 2021→Oct 2022) |

## Peers
FUMB (First Trust Ultra Short Duratio) USD 20.01 +0.02% · FPEI (First Trust Institutional Prefe) USD 18.31 -0.33% · MMIT (NYLIM MacKay Muni Intermediate ) USD 23.52 +0.06% · FMHI (First Trust Municipal High Inco) USD 45.85 +0.19% · FMB (First Trust Managed Municipal E) USD 49.04 +0.16%

## More
Full page: https://nexqual.com/FSMB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt