FSMBvsCGMUETF Comparison
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First Trust Short Duration Managed Municipal ETF (FSMB) and Capital Group Municipal Income ETF (CGMU) belong to the same industry segment: Municipal Bonds. In contrast, CGMU's top sector exposures are Municipal. FSMB is more expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.27% for CGMU. FSMB is up 1.23% year-to-date (YTD) with +$150M in YTD flows. CGMU performs worse with -1.32% YTD performance, and +$2.65B in YTD flows. Run a side-by-side ETF comparison of FSMB and CGMU below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FSMB vs CGMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSMB CGMU | -0.11%-0.17% | -0.86%-2.70% | +1.23%-1.32% | +1.37%-0.61% | +8.09%+13.46% | +4.26%n/a |
| Flows | FSMB CGMU | +$31M+$514M | +$37M+$1.02B | +$150M+$2.65B | +$175M+$3.21B | +$250M+$7.09B | +$492M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSMB CGMU | +2.49%+4.29% | +1.58%+2.73% | +1.68%+3.16% | +1.64%n/a |
| Max drawdown | FSMB CGMU | -2.71%-4.89% | -2.71%-5.69% | -2.71%-5.69% | -5.98%n/a |
| Max drawdown duration | FSMB CGMU | 64d92d | 64d229d | 64d229d | 1149dn/a |
Trading data
FSMB | CGMU | |
Last sale 10/16/2026 at 7:49 PM | $19.64 | $26.33 |
| Previous close 10/16/2026 | $19.62 | $26.36 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 7:49 PM
Live
Closed
FSMB | CGMU | |
|---|---|---|
| Last price | $19.64 | $26.33 |
| 1D performance | +0.08% | -0.11% |
| AuM | $649.27 M | $7.20 B |
| E/R | 0.34% | 0.27% |
Characteristics
FSMB | CGMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Capital Group |
| Benchmark | - | - |
| N° of holdings | - | 639 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 1, 2018 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
FSMB
Data will be available soon
CGMU
USA
38.11%
Other
61.89%
Sectors
FSMB
Data will be available soon
CGMU
Municipal
38.11%
Other
61.89%
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Diversification
FSMB
Data will be available soon
CGMU
Total weight of top 15 holdings out of 15
6.67%
Top 15 holdings
Data as of January 1, 1970
FSMB
Data will be available soon
CGMU
Puerto Rico, FRN 1nov2043, USD
0.76%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.64%
Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026)
0.58%
US771902HN68
0.54%
City of New York, 9% 15aug2015, USD
0.52%
US09182TLC98
0.48%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.42%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
0.41%
US57421CLT98
0.37%
US13034A7F19
0.36%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.34%
New Jersey Health Care Facilities Financing Authority, 5% 1jul2029, USD (2026A)
0.32%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.31%
US19648FJ963
0.31%
US89602RKE44
0.31%
Frequently asked questions about FSMB and CGMU
How have the FSMB and CGMU ETFs performed in 2026?
As of October 16, 2026, FSMB is up 1.23% year-to-date (YTD), while CGMU has lost -1.32%. That puts FSMB better performer ahead so far this year.
Which ETF is attracting more investor money: FSMB or CGMU?
Year-to-date, the FSMB ETF saw +$150M in flows, compared to +$2.65B for CGMU.
Which ETF is more volatile: FSMB or CGMU?
Over the past year, FSMB had a volatility of 1.58%, while CGMU experienced 2.73%.
Which ETF is bigger: FSMB or CGMU?
As of October 16, 2026, FSMB holds $649.27 M in assets under management (AUM), while CGMU manages $7.20 B.
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