FMHI vs. SKOR
Compare and contrast key facts about First Trust Municipal High Income ETF (FMHI) and FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR).
FMHI and SKOR 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. SKOR is a passively managed fund by Northern Trust that tracks the performance of the NorthernTrustUS Corporate Bond Quality Value Index. It was launched on Nov 12, 2014.
Performance
FMHI vs. SKOR - Performance Comparison
Loading graphics...
FMHI vs. SKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 0.67% | 3.54% | 5.41% | 7.20% | -14.67% | 7.58% | 4.09% | 10.34% | 2.50% | 1.08% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | -0.20% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 0.01% |
Returns By Period
In the year-to-date period, FMHI achieves a 0.67% return, which is significantly higher than SKOR's -0.20% return.
FMHI
- 1D
- 0.40%
- 1M
- -1.21%
- YTD
- 0.67%
- 6M
- 2.57%
- 1Y
- 3.67%
- 3Y*
- 4.81%
- 5Y*
- 1.07%
- 10Y*
- —
SKOR
- 1D
- 0.08%
- 1M
- -1.05%
- YTD
- -0.20%
- 6M
- 0.86%
- 1Y
- 5.35%
- 3Y*
- 5.63%
- 5Y*
- 1.91%
- 10Y*
- 2.90%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMHI vs. SKOR - Expense Ratio Comparison
FMHI has a 0.55% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Return for Risk
FMHI vs. SKOR — Risk / Return Rank
FMHI
SKOR
FMHI vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR). 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.
| FMHI | SKOR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.64 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.98 | 2.29 | -1.31 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.47 | -1.61 |
Martin ratioReturn relative to average drawdown | 2.21 | 9.55 | -7.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMHI | SKOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.64 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.43 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.62 | -0.09 |
Correlation
The correlation between FMHI and SKOR is 0.44, 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.
Dividends
FMHI vs. SKOR - Dividend Comparison
FMHI's dividend yield for the trailing twelve months is around 4.25%, less than SKOR's 4.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 4.25% | 4.16% | 4.01% | 3.89% | 3.57% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% | 0.00% | 0.00% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.72% | 4.70% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% |
Drawdowns
FMHI vs. SKOR - Drawdown Comparison
The maximum FMHI drawdown since its inception was -18.83%, which is greater than SKOR's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for FMHI and SKOR.
Loading graphics...
Drawdown Indicators
| FMHI | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.83% | -15.98% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -2.23% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.83% | -15.13% | -3.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.98% | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.30% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -2.68% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.58% | +1.33% |
Volatility
FMHI vs. SKOR - Volatility Comparison
First Trust Municipal High Income ETF (FMHI) has a higher volatility of 1.42% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 1.35%. This indicates that FMHI's price experiences larger fluctuations and is considered to be riskier than SKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMHI | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.35% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.86% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 3.28% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 4.41% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 4.91% | +0.86% |