FMNY vs. SWPPX
Compare and contrast key facts about First Trust New York High Income Municipal ETF (FMNY) and Schwab S&P 500 Index Fund (SWPPX).
FMNY is an actively managed fund by First Trust. It was launched on May 12, 2021. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNY or SWPPX.
Correlation
The correlation between FMNY and SWPPX is 0.12, 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. SWPPX - Performance Comparison
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Key characteristics
FMNY:
0.09
SWPPX:
0.52
FMNY:
0.22
SWPPX:
0.89
FMNY:
1.03
SWPPX:
1.13
FMNY:
0.10
SWPPX:
0.57
FMNY:
0.44
SWPPX:
2.19
FMNY:
1.62%
SWPPX:
4.85%
FMNY:
4.82%
SWPPX:
19.36%
FMNY:
-15.90%
SWPPX:
-55.06%
FMNY:
-4.93%
SWPPX:
-7.58%
Returns By Period
In the year-to-date period, FMNY achieves a -1.02% return, which is significantly higher than SWPPX's -3.30% return.
FMNY
-1.02%
2.31%
-1.61%
0.62%
N/A
N/A
SWPPX
-3.30%
7.57%
-4.95%
9.84%
15.86%
12.18%
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FMNY vs. SWPPX - Expense Ratio Comparison
FMNY has a 0.65% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Risk-Adjusted Performance
FMNY vs. SWPPX — Risk-Adjusted Performance Rank
FMNY
SWPPX
FMNY vs. SWPPX - 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 S&P 500 Index Fund (SWPPX). 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.
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Dividends
FMNY vs. SWPPX - Dividend Comparison
FMNY's dividend yield for the trailing twelve months is around 3.70%, more than SWPPX's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNY First Trust New York High Income Municipal ETF | 3.70% | 3.57% | 3.25% | 2.35% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.27% | 1.23% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% |
Drawdowns
FMNY vs. SWPPX - Drawdown Comparison
The maximum FMNY drawdown since its inception was -15.90%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for FMNY and SWPPX. For additional features, visit the drawdowns tool.
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Volatility
FMNY vs. SWPPX - Volatility Comparison
The current volatility for First Trust New York High Income Municipal ETF (FMNY) is 1.81%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 6.81%. This indicates that FMNY experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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