FMB vs. FEHIX
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and First Eagle High Income Fund (FEHIX).
FMB is an actively managed fund by First Trust. It was launched on May 13, 2014. FEHIX is managed by First Eagle. It was launched on Nov 19, 2007.
Performance
FMB vs. FEHIX - Performance Comparison
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FMB vs. FEHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | -0.03% | 3.73% | 1.94% | 6.31% | -9.91% | 2.43% | 4.44% | 8.25% | 0.89% | 7.22% |
FEHIX First Eagle High Income Fund | -0.97% | -0.69% | 11.47% | 8.46% | -8.46% | 3.50% | 7.33% | 8.61% | -0.40% | 4.62% |
Returns By Period
In the year-to-date period, FMB achieves a -0.03% return, which is significantly higher than FEHIX's -0.97% return. Over the past 10 years, FMB has underperformed FEHIX with an annualized return of 2.30%, while FEHIX has yielded a comparatively higher 4.69% annualized return.
FMB
- 1D
- 0.16%
- 1M
- -2.26%
- YTD
- -0.03%
- 6M
- 1.70%
- 1Y
- 4.05%
- 3Y*
- 3.14%
- 5Y*
- 0.70%
- 10Y*
- 2.30%
FEHIX
- 1D
- 0.38%
- 1M
- -2.71%
- YTD
- -0.97%
- 6M
- -1.04%
- 1Y
- -2.37%
- 3Y*
- 4.82%
- 5Y*
- 2.56%
- 10Y*
- 4.69%
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FMB vs. FEHIX - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is lower than FEHIX's 0.80% expense ratio.
Return for Risk
FMB vs. FEHIX — Risk / Return Rank
FMB
FEHIX
FMB vs. FEHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) and First Eagle High Income Fund (FEHIX). 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.
| FMB | FEHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | -0.28 | +1.33 |
Sortino ratioReturn per unit of downside risk | 1.33 | -0.31 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.24 | 0.95 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.13 | +1.30 |
Martin ratioReturn relative to average drawdown | 3.23 | -0.27 | +3.50 |
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
| FMB | FEHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | -0.28 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.48 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.95 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.57 | +0.07 |
Correlation
The correlation between FMB and FEHIX is 0.23, 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
FMB vs. FEHIX - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.48%, less than FEHIX's 5.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.48% | 3.37% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% |
FEHIX First Eagle High Income Fund | 5.66% | 5.92% | 5.17% | 4.40% | 5.00% | 3.87% | 4.32% | 4.40% | 5.56% | 5.22% | 6.09% | 7.53% |
Drawdowns
FMB vs. FEHIX - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, smaller than the maximum FEHIX drawdown of -29.59%. Use the drawdown chart below to compare losses from any high point for FMB and FEHIX.
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Drawdown Indicators
| FMB | FEHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -29.59% | +15.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -8.66% | +5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -12.56% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -14.16% | -16.14% | +1.98% |
Current DrawdownCurrent decline from peak | -2.26% | -4.28% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -4.17% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 4.17% | -2.88% |
Volatility
FMB vs. FEHIX - Volatility Comparison
The current volatility for First Trust Managed Municipal ETF (FMB) is 1.31%, while First Eagle High Income Fund (FEHIX) has a volatility of 1.52%. This indicates that FMB experiences smaller price fluctuations and is considered to be less risky than FEHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMB | FEHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.52% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 2.71% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 7.39% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 5.35% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 4.96% | -0.41% |