FMNY vs. SCHG
Compare and contrast key facts about First Trust New York High Income Municipal ETF (FMNY) and Schwab U.S. Large-Cap Growth ETF (SCHG).
FMNY and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNY or SCHG.
Correlation
The correlation between FMNY and SCHG is 0.13, 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.
Performance
FMNY vs. SCHG - Performance Comparison
Key characteristics
FMNY:
0.68
SCHG:
1.63
FMNY:
0.96
SCHG:
2.18
FMNY:
1.12
SCHG:
1.29
FMNY:
0.37
SCHG:
2.36
FMNY:
2.38
SCHG:
8.91
FMNY:
1.08%
SCHG:
3.27%
FMNY:
3.80%
SCHG:
17.93%
FMNY:
-15.90%
SCHG:
-34.59%
FMNY:
-3.40%
SCHG:
-0.65%
Returns By Period
In the year-to-date period, FMNY achieves a 0.57% return, which is significantly lower than SCHG's 3.73% return.
FMNY
0.57%
0.80%
0.25%
2.52%
N/A
N/A
SCHG
3.73%
2.19%
13.00%
31.53%
18.91%
16.51%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMNY vs. SCHG - Expense Ratio Comparison
FMNY has a 0.65% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
FMNY vs. SCHG — Risk-Adjusted Performance Rank
FMNY
SCHG
FMNY vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust New York High Income Municipal ETF (FMNY) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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
FMNY vs. SCHG - Dividend Comparison
FMNY's dividend yield for the trailing twelve months is around 3.57%, more than SCHG's 0.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 3.28% | 3.57% | 3.25% | 2.35% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
FMNY vs. SCHG - Drawdown Comparison
The maximum FMNY drawdown since its inception was -15.90%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for FMNY and SCHG. For additional features, visit the drawdowns tool.
Volatility
FMNY vs. SCHG - Volatility Comparison
The current volatility for First Trust New York High Income Municipal ETF (FMNY) is 0.92%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 4.99%. This indicates that FMNY experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.