FMHI vs. RDVY
FMHI (First Trust Municipal High Income ETF) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - FMHI is a Municipal Bonds fund actively managed by First Trust, while RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index. FMHI is actively managed, while RDVY is passively managed. Over the past 5 years, FMHI returned 0.34%/yr vs 12.89%/yr for RDVY. Their 0.05 correlation means their historical movements had little consistent relationship. FMHI charges 0.55%/yr vs 0.47%/yr for RDVY.
Performance
FMHI vs. RDVY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FMHI achieves a 1.81% return, which is significantly lower than RDVY's 17.25% return.
FMHI
- 1D
- -0.17%
- 1M
- -1.74%
- 6M
- 1.23%
- YTD
- 1.81%
- 1Y
- 7.04%
- 3Y*
- 4.76%
- 5Y*
- 0.34%
- 10Y*
- —
- ALL TIME*
- 3.09%
RDVY
- 1D
- 0.36%
- 1M
- 1.19%
- 6M
- 12.71%
- YTD
- 17.25%
- 1Y
- 30.74%
- 3Y*
- 19.76%
- 5Y*
- 12.89%
- 10Y*
- 16.25%
- ALL TIME*
- 13.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.95M | $5.04M | $4.81M | |
| $77.65M | $79.19M | $83.63M |
FMHI vs. RDVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 1.81% | 3.54% | 5.41% | 7.20% | -14.67% | 7.58% | 4.09% | 10.34% | 2.50% | 1.36% |
RDVY First Trust Rising Dividend Achievers ETF | 17.25% | 18.90% | 16.41% | 20.38% | -13.27% | 31.14% | 13.47% | 37.71% | -9.92% | 5.85% |
Correlation
The correlation between FMHI and RDVY is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017 | 0.05 |
Over the past year, FMHI and RDVY have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FMHI vs. RDVY — Risk / Return Rank
FMHI
RDVY
FMHI vs. RDVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and First Trust Rising Dividend Achievers ETF (RDVY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMHI | RDVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.35 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.25 | +0.12 |
| Martin ratioReturn relative to average drawdown | 13.03 | 13.63 | -0.60 |
Loading charts...
Drawdowns
FMHI vs. RDVY - Drawdown Comparison
The maximum FMHI drawdown since its inception was -18.83%, smaller than the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for FMHI and RDVY.
Loading charts...
Drawdown Indicators
| FMHI | RDVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -40.60% | +21.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | -9.04% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.70% | -19.11% | +13.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.83% | -25.32% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.60% | — |
Current DrawdownCurrent decline from peak | -1.74% | 0.00% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -4.95% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 2.15% | -1.55% |
Volatility
FMHI vs. RDVY - Volatility Comparison
The current volatility for First Trust Municipal High Income ETF (FMHI) is 1.03%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 3.53%. This indicates that FMHI experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FMHI | RDVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 3.53% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 11.46% | -9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 14.65% | -11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 18.92% | -14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.69% | 21.03% | -15.34% |
FMHI vs. RDVY - Expense Ratio Comparison
FMHI has a 0.55% expense ratio, which is higher than RDVY's 0.47% expense ratio.
Dividends
FMHI vs. RDVY - Dividend Comparison
FMHI's dividend yield for the trailing twelve months is around 4.36%, more than RDVY's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 4.36% | 4.16% | 4.01% | 3.89% | 3.57% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% | 0.00% | 0.00% |
RDVY First Trust Rising Dividend Achievers ETF | 0.83% | 1.11% | 1.64% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% |
Frequently Asked Questions
FMHI and RDVY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDVY has higher volatility (3.53%) compared to FMHI (1.03%). In terms of maximum drawdown, FMHI dropped -18.83% vs RDVY's -40.60%.
On 5-year performance, RDVY leads with 12.89% vs 0.34% for FMHI. On fees, RDVY is cheaper at 0.47% per year. On volatility, FMHI has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RDVY has performed better with a 12.89% return vs 0.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDVY is cheaper with a 0.47% expense ratio, compared with 0.55% for FMHI.
FMHI has the higher dividend yield at 4.36%, compared with 0.83% for RDVY.
FMHI is categorized as Municipal Bonds, while RDVY is Dividend. Their fees differ too: 0.55% for FMHI and 0.47% for RDVY.
FMHI currently has the higher Sharpe Ratio (2.51 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FMHI and RDVY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer