First Trust Municipal High Income ETF (FMHI) Alternatives
First Trust Municipal High Income ETF (FMHI) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FMHI. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to FMHI
FMHI charges 0.55% annually. Among ETFs in the Municipal Bonds category, these options have the lowest expense ratios among FMHI alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | Oct 11, 2022 | FMHI vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | Jul 11, 2019 | FMHI vs FMUN | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | Aug 21, 2015 | FMHI vs VTEB | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | 0.07% | Mar 8, 2023 | FMHI vs VTES | |
| Xtrackers California Municipal Bond ETF | 0.07% | Dec 13, 2023 | FMHI vs CA |
Best Risk-Adjusted Alternatives to FMHI
Among ETFs in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | 98 | Jul 23, 2024 | FMHI vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 97 | Nov 1, 2018 | FMHI vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | Mar 3, 2015 | FMHI vs MEAR | |
| iShares Short-Term California Muni Active ETF | 95 | Oct 4, 2007 | FMHI vs CALI | |
| PGIM Ultra Short Municipal Bond ETF | 95 | Jun 24, 2024 | FMHI vs PUSH |
Top Performing FMHI Alternatives (YTD)
FMHI alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 1.60% | Sep 30, 2019 | FMHI vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 1.36% | Jun 4, 2013 | FMHI vs RVNU | |
| X-Square Municipal Income Tax Free ETF | 0.90% | May 18, 2023 | FMHI vs ZTAX | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 0.82% | Apr 13, 2011 | FMHI vs HYMB | |
| First Trust Ultra Short Duration Municipal ETF | 0.69% | Nov 1, 2018 | FMHI vs FUMB |
Lowest Volatility Alternatives to FMHI
FMHI alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | Mar 20, 2018 | FMHI vs IBMM | |
| First Trust Ultra Short Duration Municipal ETF | 1.03% | Nov 1, 2018 | FMHI vs FUMB | |
| iShares Short-Term California Muni Active ETF | 1.09% | Oct 4, 2007 | FMHI vs CALI | |
| abrdn Ultra Short Municipal Income Active ETF | 1.11% | Oct 20, 2025 | FMHI vs AMUN | |
| Goldman Sachs Ultra Short Municipal Income ETF | 1.15% | Jul 23, 2024 | FMHI vs GUMI |
Lowest Drawdown Alternatives to FMHI
FMHI alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | -0.48% | Jul 23, 2024 | FMHI vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | -0.60% | Nov 1, 2018 | FMHI vs FUMB | |
| iShares Short-Term California Muni Active ETF | -0.78% | Oct 4, 2007 | FMHI vs CALI | |
| PGIM Ultra Short Municipal Bond ETF | -0.85% | Jun 24, 2024 | FMHI vs PUSH | |
| iShares Short Maturity Municipal Bond ETF | -0.86% | Mar 3, 2015 | FMHI vs MEAR |
Other ETFs from First Trust
Most popular First Trust ETFs on PortfoliosLab, across asset classes.
Often Compared With FMHI
What investors most often compare with FMHI, based on PortfoliosLab usage data.
Compare FMHI with Any Fund or Stock
Compare FMHI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.