Correlation
The correlation between FMHI and LDSF 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.
FMHI vs. LDSF
Compare and contrast key facts about First Trust Municipal High Income ETF (FMHI) and First Trust Low Duration Strategic Focus ETF (LDSF).
FMHI and LDSF 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. LDSF is an actively managed fund by First Trust. It was launched on Jan 3, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMHI or LDSF.
Performance
FMHI vs. LDSF - Performance Comparison
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Key characteristics
FMHI:
0.33
LDSF:
2.28
FMHI:
0.40
LDSF:
3.36
FMHI:
1.06
LDSF:
1.48
FMHI:
0.21
LDSF:
4.40
FMHI:
0.88
LDSF:
10.56
FMHI:
1.78%
LDSF:
0.61%
FMHI:
5.49%
LDSF:
2.73%
FMHI:
-18.83%
LDSF:
-8.56%
FMHI:
-5.50%
LDSF:
0.00%
Returns By Period
In the year-to-date period, FMHI achieves a -1.99% return, which is significantly lower than LDSF's 2.53% return.
FMHI
-1.99%
-0.50%
-3.44%
1.82%
2.14%
2.54%
N/A
LDSF
2.53%
0.33%
2.02%
6.14%
3.79%
1.98%
N/A
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FMHI vs. LDSF - Expense Ratio Comparison
FMHI has a 0.55% expense ratio, which is lower than LDSF's 0.77% expense ratio.
Risk-Adjusted Performance
FMHI vs. LDSF — Risk-Adjusted Performance Rank
FMHI
LDSF
FMHI vs. LDSF - 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 Low Duration Strategic Focus ETF (LDSF). 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.
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Dividends
FMHI vs. LDSF - Dividend Comparison
FMHI's dividend yield for the trailing twelve months is around 4.21%, less than LDSF's 4.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 4.21% | 4.01% | 3.89% | 3.57% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% |
LDSF First Trust Low Duration Strategic Focus ETF | 4.62% | 4.53% | 4.08% | 2.61% | 1.97% | 2.65% | 3.06% | 0.00% | 0.00% |
Drawdowns
FMHI vs. LDSF - Drawdown Comparison
The maximum FMHI drawdown since its inception was -18.83%, which is greater than LDSF's maximum drawdown of -8.56%. Use the drawdown chart below to compare losses from any high point for FMHI and LDSF.
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Volatility
FMHI vs. LDSF - Volatility Comparison
First Trust Municipal High Income ETF (FMHI) has a higher volatility of 1.24% compared to First Trust Low Duration Strategic Focus ETF (LDSF) at 0.75%. This indicates that FMHI's price experiences larger fluctuations and is considered to be riskier than LDSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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