FMY vs. FDHIX
Compare and contrast key facts about First Trust Mortgage Income Fund (FMY) and First Trust Short Duration High Income Fund (FDHIX).
FMY is managed by First Trust. It was launched on May 25, 2005. FDHIX is managed by First Trust. It was launched on Oct 31, 2012.
Performance
FMY vs. FDHIX - Performance Comparison
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FMY vs. FDHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMY First Trust Mortgage Income Fund | -2.09% | 8.63% | 7.04% | 16.08% | -13.03% | 3.12% | 4.68% | 12.92% | -3.40% | 7.24% |
FDHIX First Trust Short Duration High Income Fund | -2.99% | 7.31% | 7.09% | 10.41% | -5.22% | 3.56% | 3.66% | 9.62% | -0.63% | 4.34% |
Returns By Period
In the year-to-date period, FMY achieves a -2.09% return, which is significantly higher than FDHIX's -2.99% return. Over the past 10 years, FMY has underperformed FDHIX with an annualized return of 3.91%, while FDHIX has yielded a comparatively higher 4.25% annualized return.
FMY
- 1D
- 0.64%
- 1M
- -4.11%
- YTD
- -2.09%
- 6M
- -0.76%
- 1Y
- 3.04%
- 3Y*
- 8.76%
- 5Y*
- 3.79%
- 10Y*
- 3.91%
FDHIX
- 1D
- 0.11%
- 1M
- -1.90%
- YTD
- -2.99%
- 6M
- -1.42%
- 1Y
- 3.53%
- 3Y*
- 6.19%
- 5Y*
- 3.58%
- 10Y*
- 4.25%
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FMY vs. FDHIX - Expense Ratio Comparison
FMY has a 0.03% expense ratio, which is lower than FDHIX's 1.01% expense ratio.
Return for Risk
FMY vs. FDHIX — Risk / Return Rank
FMY
FDHIX
FMY vs. FDHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mortgage Income Fund (FMY) and First Trust Short Duration High Income Fund (FDHIX). 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.
| FMY | FDHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.39 | -1.06 |
Sortino ratioReturn per unit of downside risk | 0.53 | 2.07 | -1.54 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.32 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.12 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.21 | 4.77 | -2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMY | FDHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.39 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 1.11 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.96 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.00 | -0.68 |
Correlation
The correlation between FMY and FDHIX is 0.10, 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
FMY vs. FDHIX - Dividend Comparison
FMY's dividend yield for the trailing twelve months is around 6.97%, more than FDHIX's 5.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMY First Trust Mortgage Income Fund | 6.97% | 6.91% | 7.95% | 6.64% | 5.89% | 5.21% | 5.18% | 5.14% | 5.66% | 5.45% | 6.17% | 6.43% |
FDHIX First Trust Short Duration High Income Fund | 5.31% | 6.34% | 7.99% | 6.76% | 4.86% | 3.51% | 4.09% | 4.57% | 4.94% | 4.83% | 4.81% | 4.59% |
Drawdowns
FMY vs. FDHIX - Drawdown Comparison
The maximum FMY drawdown since its inception was -27.98%, which is greater than FDHIX's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for FMY and FDHIX.
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Drawdown Indicators
| FMY | FDHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.98% | -20.32% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -3.21% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.94% | -9.09% | -10.85% |
Max Drawdown (10Y)Largest decline over 10 years | -19.94% | -20.32% | +0.38% |
Current DrawdownCurrent decline from peak | -4.11% | -3.10% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -1.06% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 0.75% | +0.98% |
Volatility
FMY vs. FDHIX - Volatility Comparison
First Trust Mortgage Income Fund (FMY) has a higher volatility of 4.13% compared to First Trust Short Duration High Income Fund (FDHIX) at 1.22%. This indicates that FMY's price experiences larger fluctuations and is considered to be riskier than FDHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMY | FDHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 1.22% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 1.97% | +5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 3.08% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 3.26% | +9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.77% | 4.48% | +7.29% |