FDHIX vs. FMY
Compare and contrast key facts about First Trust Short Duration High Income Fund (FDHIX) and First Trust Mortgage Income Fund (FMY).
FDHIX is managed by First Trust. It was launched on Oct 31, 2012. FMY is managed by First Trust. It was launched on May 25, 2005.
Performance
FDHIX vs. FMY - Performance Comparison
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FDHIX vs. FMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDHIX First Trust Short Duration High Income Fund | -1.99% | 7.31% | 7.09% | 10.41% | -5.22% | 3.56% | 3.66% | 9.62% | -0.63% | 4.34% |
FMY First Trust Mortgage Income Fund | -2.22% | 8.63% | 7.04% | 16.08% | -13.03% | 3.12% | 4.68% | 12.92% | -3.40% | 7.24% |
Returns By Period
In the year-to-date period, FDHIX achieves a -1.99% return, which is significantly higher than FMY's -2.22% return. Over the past 10 years, FDHIX has outperformed FMY with an annualized return of 4.36%, while FMY has yielded a comparatively lower 3.89% annualized return.
FDHIX
- 1D
- 1.03%
- 1M
- -0.56%
- YTD
- -1.99%
- 6M
- -0.46%
- 1Y
- 4.54%
- 3Y*
- 6.56%
- 5Y*
- 3.79%
- 10Y*
- 4.36%
FMY
- 1D
- -0.13%
- 1M
- -3.25%
- YTD
- -2.22%
- 6M
- -0.54%
- 1Y
- 2.49%
- 3Y*
- 8.71%
- 5Y*
- 3.76%
- 10Y*
- 3.89%
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FDHIX vs. FMY - Expense Ratio Comparison
FDHIX has a 1.01% expense ratio, which is higher than FMY's 0.03% expense ratio.
Return for Risk
FDHIX vs. FMY — Risk / Return Rank
FDHIX
FMY
FDHIX vs. FMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Short Duration High Income Fund (FDHIX) and First Trust Mortgage Income Fund (FMY). 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.
| FDHIX | FMY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.27 | +1.24 |
Sortino ratioReturn per unit of downside risk | 2.34 | 0.44 | +1.89 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.05 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.41 | +1.15 |
Martin ratioReturn relative to average drawdown | 6.56 | 1.67 | +4.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDHIX | FMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.27 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.29 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.33 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.31 | +0.70 |
Correlation
The correlation between FDHIX and FMY is 0.10, 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.
Dividends
FDHIX vs. FMY - Dividend Comparison
FDHIX's dividend yield for the trailing twelve months is around 5.80%, less than FMY's 6.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDHIX First Trust Short Duration High Income Fund | 5.80% | 6.34% | 7.99% | 6.76% | 4.86% | 3.51% | 4.09% | 4.57% | 4.94% | 4.83% | 4.81% | 4.59% |
FMY First Trust Mortgage Income Fund | 6.93% | 6.91% | 7.95% | 6.64% | 5.89% | 5.21% | 5.18% | 5.14% | 5.66% | 5.45% | 6.17% | 6.43% |
Drawdowns
FDHIX vs. FMY - Drawdown Comparison
The maximum FDHIX drawdown since its inception was -20.32%, smaller than the maximum FMY drawdown of -27.98%. Use the drawdown chart below to compare losses from any high point for FDHIX and FMY.
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Drawdown Indicators
| FDHIX | FMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -27.98% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -7.13% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -9.09% | -19.94% | +10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -20.32% | -19.94% | -0.38% |
Current DrawdownCurrent decline from peak | -2.09% | -4.24% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -6.84% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.75% | -0.99% |
Volatility
FDHIX vs. FMY - Volatility Comparison
The current volatility for First Trust Short Duration High Income Fund (FDHIX) is 1.66%, while First Trust Mortgage Income Fund (FMY) has a volatility of 4.12%. This indicates that FDHIX experiences smaller price fluctuations and is considered to be less risky than FMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDHIX | FMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 4.12% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 7.14% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 9.20% | -5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 13.09% | -9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 11.76% | -7.27% |