FMHI vs. MUST
Compare and contrast key facts about First Trust Municipal High Income ETF (FMHI) and Columbia Multi-Sector Municipal Income ETF (MUST).
FMHI and MUST 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. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMHI or MUST.
Correlation
The correlation between FMHI and MUST is 0.46, 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. MUST - Performance Comparison
Key characteristics
FMHI:
1.40
MUST:
0.46
FMHI:
1.96
MUST:
0.69
FMHI:
1.28
MUST:
1.08
FMHI:
0.68
MUST:
0.42
FMHI:
6.13
MUST:
2.02
FMHI:
0.89%
MUST:
1.23%
FMHI:
3.91%
MUST:
5.42%
FMHI:
-18.83%
MUST:
-13.83%
FMHI:
-2.86%
MUST:
-2.66%
Returns By Period
In the year-to-date period, FMHI achieves a 0.73% return, which is significantly lower than MUST's 0.78% return.
FMHI
0.73%
0.78%
0.69%
5.43%
1.12%
N/A
MUST
0.78%
1.12%
0.38%
2.38%
0.72%
N/A
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FMHI vs. MUST - Expense Ratio Comparison
FMHI has a 0.55% expense ratio, which is higher than MUST's 0.23% expense ratio.
Risk-Adjusted Performance
FMHI vs. MUST — Risk-Adjusted Performance Rank
FMHI
MUST
FMHI vs. MUST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and Columbia Multi-Sector Municipal Income ETF (MUST). 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. MUST - Dividend Comparison
FMHI's dividend yield for the trailing twelve months is around 4.00%, more than MUST's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 4.00% | 4.01% | 3.90% | 3.58% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% |
MUST Columbia Multi-Sector Municipal Income ETF | 3.14% | 3.13% | 2.51% | 1.76% | 1.61% | 2.34% | 2.69% | 0.55% | 0.00% |
Drawdowns
FMHI vs. MUST - Drawdown Comparison
The maximum FMHI drawdown since its inception was -18.83%, which is greater than MUST's maximum drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for FMHI and MUST. For additional features, visit the drawdowns tool.
Volatility
FMHI vs. MUST - Volatility Comparison
The current volatility for First Trust Municipal High Income ETF (FMHI) is 1.33%, while Columbia Multi-Sector Municipal Income ETF (MUST) has a volatility of 1.67%. This indicates that FMHI experiences smaller price fluctuations and is considered to be less risky than MUST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.