FMNY vs. ROBT

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust New York High Income Municipal ETF (FMNY) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT).

FMNY and ROBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMNY is an actively managed fund by First Trust. It was launched on May 12, 2021. ROBT is a passively managed fund by First Trust that tracks the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index. It was launched on Feb 21, 2018.

Performance

FMNY vs. ROBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust New York High Income Municipal ETF (FMNY) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). The values are adjusted to include any dividend payments, if applicable.

FMNY vs. ROBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FMNY First Trust New York High Income Municipal ETF	0.49%	3.94%	1.74%	6.14%	-10.65%	1.60%
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF	-9.80%	15.16%	-0.41%	27.77%	-34.94%	12.28%

Returns By Period

In the year-to-date period, FMNY achieves a 0.49% return, which is significantly higher than ROBT's -9.80% return.

FMNY

• 1D: 0.55%
• 1M: -1.72%
• YTD: 0.49%
• 6M: 2.06%
• 1Y: 4.53%
• 3Y*: 3.36%
• 5Y*: —
• 10Y*: —

ROBT

• 1D: 1.35%
• 1M: -7.42%
• YTD: -9.80%
• 6M: -12.69%
• 1Y: 14.39%
• 3Y*: 3.45%
• 5Y*: -2.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMNY vs. ROBT - Expense Ratio Comparison

Both FMNY and ROBT have an expense ratio of 0.65%.

FMNY

First Trust New York High Income Municipal ETF

ROBT

First Trust Nasdaq Artificial Intelligence & Robotics ETF

Return for Risk

FMNY vs. ROBT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMNY

FMNY Risk / Return Rank: 47
FMNY Sharpe Ratio Rank: 54
FMNY Sortino Ratio Rank: 45
FMNY Omega Ratio Rank: 55
FMNY Calmar Ratio Rank: 44
FMNY Martin Ratio Rank: 37

ROBT

ROBT Risk / Return Rank: 28
ROBT Sharpe Ratio Rank: 27
ROBT Sortino Ratio Rank: 30
ROBT Omega Ratio Rank: 27
ROBT Calmar Ratio Rank: 28
ROBT Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMNY vs. ROBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust New York High Income Municipal ETF (FMNY) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). 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.

	FMNY	ROBT	Difference
Sharpe ratio Return per unit of total volatility	1.01	0.52	+0.49
Sortino ratio Return per unit of downside risk	1.32	0.93	+0.38
Omega ratio Gain probability vs. loss probability	1.22	1.12	+0.10
Calmar ratio Return relative to maximum drawdown	1.27	0.69	+0.57
Martin ratio Return relative to average drawdown	3.72	2.20	+1.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMNY vs. ROBT - Sharpe Ratio Comparison

The current FMNY Sharpe Ratio is 1.01, which is higher than the ROBT Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of FMNY and ROBT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FMNY	ROBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.52	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.23	-0.11

Correlation

The correlation between FMNY and ROBT is 0.15, 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.

Dividends

FMNY vs. ROBT - Dividend Comparison

FMNY's dividend yield for the trailing twelve months is around 3.69%, while ROBT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FMNY First Trust New York High Income Municipal ETF	3.69%	3.64%	3.56%	3.25%	2.34%	0.72%	0.00%	0.00%	0.00%
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.00%	0.00%	0.68%	0.23%	0.35%	0.06%	0.17%	0.42%	0.44%

Drawdowns

FMNY vs. ROBT - Drawdown Comparison

The maximum FMNY drawdown since its inception was -15.90%, smaller than the maximum ROBT drawdown of -44.47%. Use the drawdown chart below to compare losses from any high point for FMNY and ROBT.

Drawdown Indicators

	FMNY	ROBT	Difference
Max Drawdown Largest peak-to-trough decline	-15.90%	-44.47%	+28.57%
Max Drawdown (1Y) Largest decline over 1 year	-3.88%	-21.66%	+17.78%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.26%	—
Current Drawdown Current decline from peak	-2.06%	-20.02%	+17.96%
Average Drawdown Average peak-to-trough decline	-5.84%	-16.09%	+10.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	6.82%	-5.50%

Volatility

FMNY vs. ROBT - Volatility Comparison

The current volatility for First Trust New York High Income Municipal ETF (FMNY) is 1.52%, while First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) has a volatility of 8.69%. This indicates that FMNY experiences smaller price fluctuations and is considered to be less risky than ROBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMNY	ROBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	8.69%	-7.17%
Volatility (6M) Calculated over the trailing 6-month period	2.54%	18.27%	-15.73%
Volatility (1Y) Calculated over the trailing 1-year period	4.50%	27.73%	-23.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.03%	24.99%	-20.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.03%	25.50%	-21.47%