First Trust New York High Income Municipal ETF (FMNY) Alternatives

First Trust New York High Income Municipal ETF (FMNY) 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 FMNY. 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 FMNY

FMNY charges 0.65% annually. Among ETFs in the Municipal Bonds category, these options have the lowest expense ratios among FMNY alternatives.

Symbol	Name	Expense Ratio	Inception
SCMB	Schwab Municipal Bond ETF	0.03%	Oct 11, 2022	FMNY vs SCMB
FMUN	Fidelity Systematic Municipal Bond Index ETF	0.05%	Jul 11, 2019	FMNY vs FMUN
VTEB	Vanguard Tax-Exempt Bond ETF	0.05%	Aug 21, 2015	FMNY vs VTEB
VTES	Vanguard Short-Term Tax-Exempt Bond ETF Shares	0.07%	Mar 8, 2023	FMNY vs VTES
CA	Xtrackers California Municipal Bond ETF	0.07%	Dec 13, 2023	FMNY vs CA

Best Risk-Adjusted Alternatives to FMNY

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
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	98	Jul 23, 2024	FMNY vs GUMI
FUMB	First Trust Ultra Short Duration Municipal ETF	97	Nov 1, 2018	FMNY vs FUMB
MEAR	iShares Short Maturity Municipal Bond ETF	96	Mar 3, 2015	FMNY vs MEAR
CALI	iShares Short-Term California Muni Active ETF	95	Oct 4, 2007	FMNY vs CALI
PUSH	PGIM Ultra Short Municipal Bond ETF	95	Jun 24, 2024	FMNY vs PUSH

Top Performing FMNY Alternatives (YTD)

FMNY alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
OVM	Overlay Shares Municipal Bond ETF	1.60%	Sep 30, 2019	FMNY vs OVM
RVNU	Xtrackers Municipal Infrastructure Revenue Bond ET...	1.36%	Jun 4, 2013	FMNY vs RVNU
ZTAX	X-Square Municipal Income Tax Free ETF	0.90%	May 18, 2023	FMNY vs ZTAX
HYMB	SPDR Nuveen Bloomberg Barclays High Yield Municipa...	0.82%	Apr 13, 2011	FMNY vs HYMB
FUMB	First Trust Ultra Short Duration Municipal ETF	0.69%	Nov 1, 2018	FMNY vs FUMB

Lowest Volatility Alternatives to FMNY

FMNY alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
IBMM	iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	Mar 20, 2018	FMNY vs IBMM
FUMB	First Trust Ultra Short Duration Municipal ETF	1.03%	Nov 1, 2018	FMNY vs FUMB
CALI	iShares Short-Term California Muni Active ETF	1.09%	Oct 4, 2007	FMNY vs CALI
AMUN	abrdn Ultra Short Municipal Income Active ETF	1.11%	Oct 20, 2025	FMNY vs AMUN
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	1.15%	Jul 23, 2024	FMNY vs GUMI

Lowest Drawdown Alternatives to FMNY

FMNY alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	-0.48%	Jul 23, 2024	FMNY vs GUMI
FUMB	First Trust Ultra Short Duration Municipal ETF	-0.60%	Nov 1, 2018	FMNY vs FUMB
CALI	iShares Short-Term California Muni Active ETF	-0.78%	Oct 4, 2007	FMNY vs CALI
PUSH	PGIM Ultra Short Municipal Bond ETF	-0.85%	Jun 24, 2024	FMNY vs PUSH
MEAR	iShares Short Maturity Municipal Bond ETF	-0.86%	Mar 3, 2015	FMNY vs MEAR

Other ETFs from First Trust

Most popular First Trust ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Technology Equities, Cybersecurity	12	-11.46%	Jul 7, 2015	FMNY vs CIBR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	5	-11.54%	Feb 14, 2012	FMNY vs NFTY
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	94	9.08%	Nov 17, 2009	FMNY vs GRID
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	72	14.21%	Mar 9, 2006	FMNY vs FDL
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	94	15.16%	Mar 10, 2014	FMNY vs AIRR
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	82	7.26%	Mar 2, 2021	FMNY vs IGLD
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	72	-2.59%	Aug 14, 2012	FMNY vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	22	1.22%	Mar 26, 2018	FMNY vs KNG
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	28	-9.80%	Feb 21, 2018	FMNY vs ROBT
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	84	5.17%	Feb 8, 2007	FMNY vs QCLN

Often Compared With FMNY

What investors most often compare with FMNY, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
NYF	iShares New York Muni Bond ETF	Municipal Bonds	47	0.08%	Oct 4, 2007	FMNY vs NYF
PZT	Invesco New York AMT-Free Municipal Bond ETF	Municipal Bonds	23	0.25%	Oct 11, 2007	FMNY vs PZT
SCHG	Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	41	-9.73%	Dec 11, 2009	FMNY vs SCHG
SWPPX	Schwab S&P 500 Index Fund	Large Cap Blend Equities, S&P 500	59	-4.39%	May 19, 1997	FMNY vs SWPPX
VNYUX	Vanguard New York Long-Term Tax-Exempt Fund Admira...	Municipal Bonds	38	-0.31%	May 14, 2001	FMNY vs VNYUX
SUB	iShares Short-Term National Muni Bond ETF	Municipal Bonds	90	0.33%	Nov 5, 2008	FMNY vs SUB

Compare FMNY with Any Fund or Stock

Compare FMNY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

First Trust New York High Income Municipal ETF

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