FCEF vs. XMPT
Compare and contrast key facts about First Trust CEF Income Opportunity ETF (FCEF) and VanEck Vectors CEF Municipal Income ETF (XMPT).
FCEF and XMPT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCEF is an actively managed fund by First Trust. It was launched on Sep 27, 2016. XMPT is a passively managed fund by VanEck that tracks the performance of the S-Network Municipal Bond Closed-End Fund Index. It was launched on Jul 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCEF or XMPT.
Correlation
The correlation between FCEF and XMPT is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FCEF vs. XMPT - Performance Comparison
Key characteristics
FCEF:
2.41
XMPT:
1.23
FCEF:
3.08
XMPT:
1.74
FCEF:
1.45
XMPT:
1.21
FCEF:
1.91
XMPT:
0.38
FCEF:
13.11
XMPT:
3.59
FCEF:
1.50%
XMPT:
2.48%
FCEF:
8.19%
XMPT:
7.24%
FCEF:
-44.81%
XMPT:
-35.24%
FCEF:
-0.20%
XMPT:
-14.34%
Returns By Period
In the year-to-date period, FCEF achieves a 4.41% return, which is significantly higher than XMPT's 3.97% return.
FCEF
4.41%
1.64%
6.79%
19.95%
5.54%
N/A
XMPT
3.97%
2.71%
1.44%
9.05%
-0.66%
2.90%
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FCEF vs. XMPT - Expense Ratio Comparison
FCEF has a 2.91% expense ratio, which is higher than XMPT's 1.86% expense ratio.
Risk-Adjusted Performance
FCEF vs. XMPT — Risk-Adjusted Performance Rank
FCEF
XMPT
FCEF vs. XMPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust CEF Income Opportunity ETF (FCEF) and VanEck Vectors CEF Municipal Income ETF (XMPT). 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
FCEF vs. XMPT - Dividend Comparison
FCEF's dividend yield for the trailing twelve months is around 7.05%, more than XMPT's 5.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCEF First Trust CEF Income Opportunity ETF | 7.05% | 7.13% | 7.19% | 7.29% | 4.74% | 5.05% | 5.10% | 5.96% | 4.87% | 1.51% | 0.00% | 0.00% |
XMPT VanEck Vectors CEF Municipal Income ETF | 5.36% | 5.36% | 3.81% | 5.12% | 3.74% | 3.80% | 4.08% | 5.05% | 4.84% | 5.37% | 5.24% | 5.50% |
Drawdowns
FCEF vs. XMPT - Drawdown Comparison
The maximum FCEF drawdown since its inception was -44.81%, which is greater than XMPT's maximum drawdown of -35.24%. Use the drawdown chart below to compare losses from any high point for FCEF and XMPT. For additional features, visit the drawdowns tool.
Volatility
FCEF vs. XMPT - Volatility Comparison
The current volatility for First Trust CEF Income Opportunity ETF (FCEF) is 1.47%, while VanEck Vectors CEF Municipal Income ETF (XMPT) has a volatility of 2.08%. This indicates that FCEF experiences smaller price fluctuations and is considered to be less risky than XMPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.