FMHI vs. FUMB
Compare and contrast key facts about First Trust Municipal High Income ETF (FMHI) and First Trust Ultra Short Duration Municipal ETF (FUMB).
FMHI and FUMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMHI is an actively managed fund by First Trust. It was launched on Nov 1, 2017. FUMB is an actively managed fund by First Trust. It was launched on Nov 1, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMHI or FUMB.
Key characteristics
| FMHI | FUMB | |
|---|---|---|
| YTD Return | 5.60% | 2.58% |
| 1Y Return | 11.09% | 3.30% |
| 3Y Return (Ann) | -0.94% | 1.84% |
| 5Y Return (Ann) | 1.78% | 1.45% |
| Sharpe Ratio | 2.72 | 2.31 |
| Sortino Ratio | 4.04 | 3.46 |
| Omega Ratio | 1.58 | 1.50 |
| Calmar Ratio | 0.87 | 6.64 |
| Martin Ratio | 18.70 | 29.90 |
| Ulcer Index | 0.63% | 0.11% |
| Daily Std Dev | 4.33% | 1.43% |
| Max Drawdown | -18.83% | -2.68% |
| Current Drawdown | -3.41% | -0.05% |
Correlation
The correlation between FMHI and FUMB is 0.21, 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
FMHI vs. FUMB - Performance Comparison
In the year-to-date period, FMHI achieves a 5.60% return, which is significantly higher than FUMB's 2.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMHI vs. FUMB - Expense Ratio Comparison
FMHI has a 0.55% expense ratio, which is higher than FUMB's 0.35% expense ratio.
Risk-Adjusted Performance
FMHI vs. FUMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and First Trust Ultra Short Duration Municipal ETF (FUMB). 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
FMHI vs. FUMB - Dividend Comparison
FMHI's dividend yield for the trailing twelve months is around 3.95%, more than FUMB's 2.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 3.95% | 3.90% | 3.58% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% |
FUMB First Trust Ultra Short Duration Municipal ETF | 2.75% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% | 0.00% |
Drawdowns
FMHI vs. FUMB - Drawdown Comparison
The maximum FMHI drawdown since its inception was -18.83%, which is greater than FUMB's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for FMHI and FUMB. For additional features, visit the drawdowns tool.
Volatility
FMHI vs. FUMB - Volatility Comparison
First Trust Municipal High Income ETF (FMHI) has a higher volatility of 1.98% compared to First Trust Ultra Short Duration Municipal ETF (FUMB) at 0.33%. This indicates that FMHI's price experiences larger fluctuations and is considered to be riskier than FUMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.