First Trust Mortgage Income Fund (FMY) Alternatives
First Trust Mortgage Income Fund (FMY) belongs to the Mortgage Backed Securities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FMY. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Best Risk-Adjusted Alternatives to FMY
Among mutual funds in the Mortgage Backed Securities 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 | |
|---|---|---|---|---|
| Invesco Quality Income Fund Class R6 | 63 | Apr 4, 2017 | FMY vs VUSSX | |
| T. Rowe Price GNMA Fund Class I | 58 | May 4, 2017 | FMY vs PRXAX | |
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 43 | — | FMY vs VWTAX | |
| Nuveen Mortgage and Income Fund | 25 | Nov 25, 2009 | FMY vs JLS | |
| TwentyFour Income Fund Limited | 3 | — | FMY vs TFIF.L |
Top Performing FMY Alternatives (YTD)
FMY alternatives from the Mortgage Backed Securities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Mortgage and Income Fund | 2.20% | Nov 25, 2009 | FMY vs JLS | |
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 0.09% | — | FMY vs VWTAX | |
| T. Rowe Price GNMA Fund Class I | 0.04% | May 4, 2017 | FMY vs PRXAX | |
| Invesco Quality Income Fund Class R6 | -0.17% | Apr 4, 2017 | FMY vs VUSSX | |
| TwentyFour Income Fund Limited | -4.22% | — | FMY vs TFIF.L |
Lowest Volatility Alternatives to FMY
FMY alternatives from the Mortgage Backed Securities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 4.23% | — | FMY vs VWTAX | |
| T. Rowe Price GNMA Fund Class I | 4.86% | May 4, 2017 | FMY vs PRXAX | |
| Invesco Quality Income Fund Class R6 | 4.92% | Apr 4, 2017 | FMY vs VUSSX | |
| Nuveen Mortgage and Income Fund | 10.48% | Nov 25, 2009 | FMY vs JLS | |
| TwentyFour Income Fund Limited | 12.21% | — | FMY vs TFIF.L |
Lowest Drawdown Alternatives to FMY
FMY alternatives from the Mortgage Backed Securities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Tomorrow's Scholar College Savings Plan - ING GNMA... | -2.76% | — | FMY vs VWTAX | |
| Invesco Quality Income Fund Class R6 | -2.95% | Apr 4, 2017 | FMY vs VUSSX | |
| T. Rowe Price GNMA Fund Class I | -3.10% | May 4, 2017 | FMY vs PRXAX | |
| Nuveen Mortgage and Income Fund | -6.18% | Nov 25, 2009 | FMY vs JLS | |
| TwentyFour Income Fund Limited | -8.87% | — | FMY vs TFIF.L |
Other Mutual Funds from First Trust
Most popular First Trust mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | Event Driven | 99 | 0.76% | Oct 1, 2015 | FMY vs VARBX | |
| First Trust Preferred Securities and Income Fund | Preferred Stock/Convertible Bonds | 80 | -2.48% | Jan 10, 2011 | FMY vs FPEIX | |
| First Trust/Confluence Small Cap Value Fund | Small Cap Blend Equities | — | — | Jan 11, 2011 | FMY vs FOVIX | |
| First Trust Enhanced Equity Income Fund | Derivative Income | 36 | -5.60% | Aug 26, 2004 | FMY vs FFA | |
| First Trust Senior Floating Rate Income Fund II | Bank Loan | 24 | -1.43% | Jan 1, 2013 | FMY vs FCT | |
| First Trust Intermediate Duration Preferred and In... | Preferred Stock/Convertible Bonds | 14 | -4.04% | Apr 1, 2009 | FMY vs FPF | |
| First Trust High Yield Opportunities 2027 Term Fun... | High Yield Bonds | 15 | -1.22% | Jun 25, 2020 | FMY vs FTHY | |
| First Trust Short Duration High Income Fund | Bank Loan | 65 | -2.99% | Oct 31, 2012 | FMY vs FDHIX |
Compare FMY with Any Fund or Stock
Compare FMY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.