FMB vs. ACTHX
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and Invesco High Yield Municipal Fund (ACTHX).
FMB is an actively managed fund by First Trust. It was launched on May 13, 2014. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMB or ACTHX.
Correlation
The correlation between FMB and ACTHX is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FMB vs. ACTHX - Performance Comparison
Key characteristics
FMB:
0.84
ACTHX:
1.12
FMB:
1.16
ACTHX:
1.56
FMB:
1.15
ACTHX:
1.24
FMB:
0.51
ACTHX:
0.51
FMB:
3.15
ACTHX:
3.85
FMB:
0.92%
ACTHX:
1.36%
FMB:
3.44%
ACTHX:
4.71%
FMB:
-14.16%
ACTHX:
-27.29%
FMB:
-2.13%
ACTHX:
-4.65%
Returns By Period
In the year-to-date period, FMB achieves a 0.75% return, which is significantly higher than ACTHX's 0.12% return. Over the past 10 years, FMB has underperformed ACTHX with an annualized return of 2.59%, while ACTHX has yielded a comparatively higher 3.10% annualized return.
FMB
0.75%
0.81%
0.87%
2.79%
0.52%
2.59%
ACTHX
0.12%
0.47%
0.52%
5.12%
0.30%
3.10%
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FMB vs. ACTHX - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Risk-Adjusted Performance
FMB vs. ACTHX — Risk-Adjusted Performance Rank
FMB
ACTHX
FMB vs. ACTHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and Invesco High Yield Municipal Fund (ACTHX). 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
FMB vs. ACTHX - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 2.95%, less than ACTHX's 4.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 2.95% | 3.22% | 2.99% | 2.47% | 1.96% | 2.19% | 2.48% | 2.59% | 2.49% | 2.93% | 3.07% | 1.70% |
ACTHX Invesco High Yield Municipal Fund | 4.77% | 5.21% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% |
Drawdowns
FMB vs. ACTHX - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for FMB and ACTHX. For additional features, visit the drawdowns tool.
Volatility
FMB vs. ACTHX - Volatility Comparison
The current volatility for First Trust Managed Municipal ETF (FMB) is 1.05%, while Invesco High Yield Municipal Fund (ACTHX) has a volatility of 1.17%. This indicates that FMB experiences smaller price fluctuations and is considered to be less risky than ACTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.