FMHI vs. XMPT
Compare and contrast key facts about First Trust Municipal High Income ETF (FMHI) and VanEck Vectors CEF Municipal Income ETF (XMPT).
FMHI and XMPT 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. XMPT is a passively managed fund by VanEck that tracks the performance of the S-Network Municipal Bond Closed-End Fund Index. It was launched on Jul 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMHI or XMPT.
Key characteristics
| FMHI | XMPT | |
|---|---|---|
| YTD Return | 1.02% | -0.19% |
| 1Y Return | 5.48% | 1.30% |
| 3Y Return (Ann) | -1.45% | -6.59% |
| 5Y Return (Ann) | 1.81% | -0.41% |
| Sharpe Ratio | 1.09 | 0.18 |
| Daily Std Dev | 5.40% | 9.46% |
| Max Drawdown | -18.83% | -35.24% |
| Current Drawdown | -7.60% | -23.16% |
Correlation
The correlation between FMHI and XMPT is 0.42, 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. XMPT - Performance Comparison
In the year-to-date period, FMHI achieves a 1.02% return, which is significantly higher than XMPT's -0.19% 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. XMPT - Expense Ratio Comparison
FMHI has a 0.55% expense ratio, which is lower than XMPT's 1.86% expense ratio.
Risk-Adjusted Performance
FMHI vs. XMPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Municipal High Income ETF (FMHI) and VanEck Vectors CEF Municipal Income ETF (XMPT). 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. XMPT - Dividend Comparison
FMHI's dividend yield for the trailing twelve months is around 3.96%, less than XMPT's 4.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMHI First Trust Municipal High Income ETF | 3.96% | 3.89% | 3.57% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
XMPT VanEck Vectors CEF Municipal Income ETF | 4.10% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% | 5.50% | 6.17% |
Drawdowns
FMHI vs. XMPT - Drawdown Comparison
The maximum FMHI drawdown since its inception was -18.83%, smaller than the maximum XMPT drawdown of -35.24%. Use the drawdown chart below to compare losses from any high point for FMHI and XMPT. For additional features, visit the drawdowns tool.
Volatility
FMHI vs. XMPT - Volatility Comparison
The current volatility for First Trust Municipal High Income ETF (FMHI) is 1.22%, while VanEck Vectors CEF Municipal Income ETF (XMPT) has a volatility of 1.93%. This indicates that FMHI experiences smaller price fluctuations and is considered to be less risky than XMPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.