Snapshot*
Top 10 Holdings
What is FSMB?
The First Trust Short Duration Managed Municipal ETF seeks to provide federally tax-exempt income consistent with capital preservation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.
ETFs related toFSMB
ETFs correlated to FSMB include SCMB, DFNM, JMUB
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
News Related to FSMB
Oppenheimer Maintains Perform on Main Street Capital, Lowers Price Target to $53
May 13, 2025 • by Benzinga NewsdeskTruist Securities Maintains Hold on Main Street Capital, Lowers Price Target to $54
May 12, 2025 • by Benzinga NewsdeskMain Street Says Recently Fully Exited Its Debt Investments And Partially Exited Equity Investment In Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners, Generating $55.5M Realized Gain
May 12, 2025 • by Benzinga NewsdeskFAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.