ACTHX vs. FMB
Compare and contrast key facts about Invesco High Yield Municipal Fund (ACTHX) and First Trust Managed Municipal ETF (FMB).
ACTHX is managed by Invesco. It was launched on Jan 1, 1986. FMB is an actively managed fund by First Trust. It was launched on May 13, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACTHX or FMB.
Correlation
The correlation between ACTHX and FMB is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ACTHX vs. FMB - Performance Comparison
Key characteristics
ACTHX:
0.46
FMB:
0.29
ACTHX:
0.65
FMB:
0.39
ACTHX:
1.11
FMB:
1.06
ACTHX:
0.34
FMB:
0.22
ACTHX:
1.76
FMB:
0.95
ACTHX:
1.91%
FMB:
1.34%
ACTHX:
7.38%
FMB:
4.42%
ACTHX:
-27.29%
FMB:
-14.16%
ACTHX:
-6.68%
FMB:
-4.20%
Returns By Period
In the year-to-date period, ACTHX achieves a -2.01% return, which is significantly lower than FMB's -1.38% return. Over the past 10 years, ACTHX has outperformed FMB with an annualized return of 2.85%, while FMB has yielded a comparatively lower 2.32% annualized return.
ACTHX
-2.01%
-3.28%
-1.97%
2.88%
2.50%
2.85%
FMB
-1.38%
-2.04%
-1.06%
0.73%
1.39%
2.32%
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ACTHX vs. FMB - Expense Ratio Comparison
ACTHX has a 1.39% expense ratio, which is higher than FMB's 0.50% expense ratio.
Risk-Adjusted Performance
ACTHX vs. FMB — Risk-Adjusted Performance Rank
ACTHX
FMB
ACTHX vs. FMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Municipal Fund (ACTHX) and First Trust Managed Municipal ETF (FMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ACTHX vs. FMB - Dividend Comparison
ACTHX's dividend yield for the trailing twelve months is around 4.93%, more than FMB's 3.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTHX Invesco High Yield Municipal Fund | 4.93% | 5.21% | 5.03% | 4.72% | 3.95% | 4.33% | 4.34% | 4.78% | 4.71% | 5.17% | 4.99% | 5.21% |
FMB First Trust Managed Municipal ETF | 3.34% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% | 1.70% |
Drawdowns
ACTHX vs. FMB - Drawdown Comparison
The maximum ACTHX drawdown since its inception was -27.29%, which is greater than FMB's maximum drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for ACTHX and FMB. For additional features, visit the drawdowns tool.
Volatility
ACTHX vs. FMB - Volatility Comparison
Invesco High Yield Municipal Fund (ACTHX) has a higher volatility of 5.67% compared to First Trust Managed Municipal ETF (FMB) at 2.82%. This indicates that ACTHX's price experiences larger fluctuations and is considered to be riskier than FMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.