FMHI vs. HYMU
Compare and contrast key facts about First Trust Municipal High Income ETF (FMHI) and BlackRock High Yield Muni Income Bond ETF (HYMU).
FMHI and HYMU 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. HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMHI or HYMU.
Key characteristics
| FMHI | HYMU | |
|---|---|---|
| YTD Return | 5.77% | 7.31% |
| 1Y Return | 12.13% | 14.99% |
| 3Y Return (Ann) | -0.89% | -0.16% |
| Sharpe Ratio | 2.93 | 2.85 |
| Sortino Ratio | 4.37 | 4.25 |
| Omega Ratio | 1.64 | 1.58 |
| Calmar Ratio | 0.93 | 1.04 |
| Martin Ratio | 20.61 | 20.31 |
| Ulcer Index | 0.62% | 0.77% |
| Daily Std Dev | 4.34% | 5.45% |
| Max Drawdown | -18.83% | -22.55% |
| Current Drawdown | -3.25% | -2.25% |
Correlation
The correlation between FMHI and HYMU is 0.65, 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
FMHI vs. HYMU - Performance Comparison
In the year-to-date period, FMHI achieves a 5.77% return, which is significantly lower than HYMU's 7.31% 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. HYMU - Expense Ratio Comparison
FMHI has a 0.55% expense ratio, which is higher than HYMU's 0.35% expense ratio.
Risk-Adjusted Performance
FMHI vs. HYMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and BlackRock High Yield Muni Income Bond ETF (HYMU). 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. HYMU - Dividend Comparison
FMHI's dividend yield for the trailing twelve months is around 3.95%, less than HYMU's 4.20% 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% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.20% | 4.36% | 4.02% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMHI vs. HYMU - Drawdown Comparison
The maximum FMHI drawdown since its inception was -18.83%, smaller than the maximum HYMU drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for FMHI and HYMU. For additional features, visit the drawdowns tool.
Volatility
FMHI vs. HYMU - Volatility Comparison
First Trust Municipal High Income ETF (FMHI) and BlackRock High Yield Muni Income Bond ETF (HYMU) have volatilities of 2.00% and 2.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.