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HYMU vs. FMHI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYMU and FMHI is 0.63, 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.


-0.50.00.51.00.6

Performance

HYMU vs. FMHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock High Yield Muni Income Bond ETF (HYMU) and First Trust Municipal High Income ETF (FMHI). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
1.79%
1.14%
HYMU
FMHI

Key characteristics

Sharpe Ratio

HYMU:

1.34

FMHI:

1.28

Sortino Ratio

HYMU:

1.92

FMHI:

1.78

Omega Ratio

HYMU:

1.25

FMHI:

1.25

Calmar Ratio

HYMU:

0.65

FMHI:

0.57

Martin Ratio

HYMU:

8.46

FMHI:

7.44

Ulcer Index

HYMU:

0.83%

FMHI:

0.71%

Daily Std Dev

HYMU:

5.29%

FMHI:

4.12%

Max Drawdown

HYMU:

-22.55%

FMHI:

-18.83%

Current Drawdown

HYMU:

-2.75%

FMHI:

-4.05%

Returns By Period

In the year-to-date period, HYMU achieves a 6.76% return, which is significantly higher than FMHI's 4.89% return.


HYMU

YTD

6.76%

1M

-0.99%

6M

1.79%

1Y

7.25%

5Y*

N/A

10Y*

N/A

FMHI

YTD

4.89%

1M

-1.07%

6M

1.14%

1Y

5.22%

5Y*

1.46%

10Y*

N/A

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HYMU vs. FMHI - Expense Ratio Comparison

HYMU has a 0.35% expense ratio, which is lower than FMHI's 0.55% expense ratio.


FMHI
First Trust Municipal High Income ETF
Expense ratio chart for FMHI: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for HYMU: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

HYMU vs. FMHI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Muni Income Bond ETF (HYMU) and First Trust Municipal High Income ETF (FMHI). 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.


Sharpe ratio
The chart of Sharpe ratio for HYMU, currently valued at 1.34, compared to the broader market0.002.004.001.341.28
The chart of Sortino ratio for HYMU, currently valued at 1.92, compared to the broader market-2.000.002.004.006.008.0010.001.921.78
The chart of Omega ratio for HYMU, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.25
The chart of Calmar ratio for HYMU, currently valued at 0.65, compared to the broader market0.005.0010.0015.000.650.57
The chart of Martin ratio for HYMU, currently valued at 8.46, compared to the broader market0.0020.0040.0060.0080.00100.008.467.44
HYMU
FMHI

The current HYMU Sharpe Ratio is 1.34, which is comparable to the FMHI Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of HYMU and FMHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.34
1.28
HYMU
FMHI

Dividends

HYMU vs. FMHI - Dividend Comparison

HYMU's dividend yield for the trailing twelve months is around 4.36%, more than FMHI's 4.03% yield.


TTM2023202220212020201920182017
HYMU
BlackRock High Yield Muni Income Bond ETF
4.36%4.36%4.02%2.96%0.00%0.00%0.00%0.00%
FMHI
First Trust Municipal High Income ETF
4.03%3.90%3.58%2.87%3.13%3.33%3.46%0.30%

Drawdowns

HYMU vs. FMHI - Drawdown Comparison

The maximum HYMU drawdown since its inception was -22.55%, which is greater than FMHI's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for HYMU and FMHI. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%JulyAugustSeptemberOctoberNovemberDecember
-2.75%
-4.05%
HYMU
FMHI

Volatility

HYMU vs. FMHI - Volatility Comparison

BlackRock High Yield Muni Income Bond ETF (HYMU) has a higher volatility of 1.57% compared to First Trust Municipal High Income ETF (FMHI) at 1.42%. This indicates that HYMU's price experiences larger fluctuations and is considered to be riskier than FMHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.57%
1.42%
HYMU
FMHI
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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