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First Trust Municipal CEF Income Opportunity ETF (MCEF)

ETF · Currency in USD · Last updated May 19, 2022

MCEF is an actively managed ETF by First Trust. MCEF launched on Sep 27, 2016 and has a 2.65% expense ratio.

ETF Info

Trading Data

  • Previous Close$16.45
  • Year Range$16.45 - $21.08
  • EMA (50)$17.37
  • EMA (200)$18.98
  • Average Volume$11.74K

MCEFShare Price Chart


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MCEFPerformance

The chart shows the growth of $10,000 invested in First Trust Municipal CEF Income Opportunity ETF on Sep 30, 2016 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $9,959 for a total return of roughly -0.41%. All prices are adjusted for splits and dividends.


MCEF (First Trust Municipal CEF Income Opportunity ETF)
Benchmark (^GSPC)

MCEFReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-4.89%-10.68%
YTD-20.88%-17.68%
6M-20.05%-16.31%
1Y-18.08%-5.51%
5Y0.81%3.76%
10Y-0.09%4.86%

MCEFMonthly Returns Heatmap


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MCEFSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current First Trust Municipal CEF Income Opportunity ETF Sharpe ratio is -2.23. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


MCEF (First Trust Municipal CEF Income Opportunity ETF)
Benchmark (^GSPC)

MCEFDividend History

First Trust Municipal CEF Income Opportunity ETF granted a 4.38% dividend yield in the last twelve months, as of May 19, 2022. The annual payout for that period amounted to $0.72 per share.


PeriodTTM202120202019201820172016
Dividend$0.72$0.78$0.65$0.58$0.64$0.71$0.18

Dividend yield

4.38%3.76%3.38%3.22%4.19%4.42%1.18%

MCEFDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


MCEF (First Trust Municipal CEF Income Opportunity ETF)
Benchmark (^GSPC)

MCEFWorst Drawdowns

The table below shows the maximum drawdowns of the First Trust Municipal CEF Income Opportunity ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the First Trust Municipal CEF Income Opportunity ETF is 26.76%, recorded on Mar 18, 2020. It took 141 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-26.76%Feb 25, 202017Mar 18, 2020141Nov 25, 2020158
-21.98%Aug 25, 2021184May 18, 2022
-10.1%Sep 30, 201622Dec 1, 2016429Mar 26, 2019451
-4.45%Feb 12, 20218Feb 24, 202132Apr 14, 202140
-3.82%Sep 5, 20198Sep 16, 201954Dec 11, 201962
-1.54%Jul 13, 20215Jul 19, 20217Jul 28, 202112
-1.42%May 11, 20213May 13, 20219May 26, 202112
-1.05%Dec 14, 20203Dec 16, 20208Dec 31, 202011
-0.81%Apr 16, 20194Apr 23, 20193Apr 26, 20197
-0.73%Jan 4, 20214Jan 11, 20214Jan 19, 20218

MCEFVolatility Chart

Current First Trust Municipal CEF Income Opportunity ETF volatility is 5.12%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


MCEF (First Trust Municipal CEF Income Opportunity ETF)
Benchmark (^GSPC)

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