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First Trust Municipal High Income ETF (FMHI)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US33739P3010

CUSIP

33739P301

Inception Date

Nov 1, 2017

Region

North America (U.S.)

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Bond

Expense Ratio

FMHI has an expense ratio of 0.55%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

First Trust Municipal High Income ETF (FMHI) returned -1.55% year-to-date (YTD) and 2.24% over the past 12 months.


FMHI

YTD

-1.55%

1M

0.53%

6M

-2.80%

1Y

2.24%

3Y*

2.35%

5Y*

2.63%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of FMHI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.75%0.98%-1.70%-1.50%-0.05%-1.55%
20240.88%0.44%0.73%-1.23%0.80%1.75%1.37%0.50%1.36%-1.29%1.53%-1.48%5.41%
20233.46%-2.37%1.27%0.37%-0.16%1.23%0.11%-0.84%-2.64%-1.87%5.63%3.12%7.20%
2022-3.05%-1.03%-4.24%-4.16%0.71%-3.07%3.75%-2.10%-5.08%-1.63%5.06%-0.36%-14.67%
20211.75%-0.75%1.34%1.46%1.18%1.18%1.12%-0.18%-1.06%-0.32%1.23%0.45%7.58%
20201.84%1.72%-10.39%-3.23%3.90%3.85%2.36%0.32%-0.04%0.31%2.24%2.01%4.09%
20190.95%0.68%1.86%0.53%1.84%0.50%0.89%2.12%-0.39%0.28%0.31%0.35%10.34%
2018-0.39%-0.17%0.20%0.70%0.74%0.22%0.65%0.63%-0.97%-0.70%0.85%0.72%2.50%
20170.37%0.71%1.08%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FMHI is 31, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FMHI is 3131
Overall Rank
The Sharpe Ratio Rank of FMHI is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of FMHI is 2525
Sortino Ratio Rank
The Omega Ratio Rank of FMHI is 2828
Omega Ratio Rank
The Calmar Ratio Rank of FMHI is 3030
Calmar Ratio Rank
The Martin Ratio Rank of FMHI is 3333
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

First Trust Municipal High Income ETF Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.41
  • 5-Year: 0.56
  • All Time: 0.44

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of First Trust Municipal High Income ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

First Trust Municipal High Income ETF provided a 4.19% dividend yield over the last twelve months, with an annual payout of $1.96 per share. The fund has been increasing its distributions for 3 consecutive years.


0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.50$2.0020172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
Dividend$1.96$1.93$1.86$1.65$1.61$1.68$1.78$1.73$0.15

Dividend yield

4.19%4.01%3.89%3.57%2.87%3.13%3.33%3.46%0.30%

Monthly Dividends

The table displays the monthly dividend distributions for First Trust Municipal High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.16$0.16$0.16$0.16$0.17$0.82
2024$0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16$1.93
2023$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.16$0.16$0.16$0.16$0.16$1.86
2022$0.13$0.13$0.13$0.13$0.13$0.13$0.13$0.14$0.15$0.15$0.15$0.15$1.65
2021$0.14$0.14$0.14$0.14$0.14$0.14$0.13$0.13$0.13$0.13$0.13$0.13$1.61
2020$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$0.14$1.68
2019$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.15$1.78
2018$0.14$0.14$0.14$0.14$0.14$0.14$0.15$0.15$0.15$0.15$0.15$0.15$1.73
2017$0.03$0.13$0.15

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the First Trust Municipal High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Municipal High Income ETF was 18.83%, occurring on Oct 27, 2022. The portfolio has not yet recovered.

The current First Trust Municipal High Income ETF drawdown is 5.08%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.83%Jan 3, 2022207Oct 27, 2022
-16.66%Mar 9, 202011Mar 23, 2020188Dec 17, 2020199
-1.96%Jul 20, 202170Oct 26, 202145Dec 30, 2021115
-1.93%Feb 16, 20218Feb 25, 202129Apr 8, 202137
-1.83%Sep 4, 201839Oct 30, 201834Dec 26, 201873
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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