MFLX vs. IBMM
MFLX (First Trust Flexible Municipal High Income ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. MFLX is actively managed, while IBMM is passively managed. MFLX charges 0.88%/yr vs 0.18%/yr for IBMM.
Performance
MFLX vs. IBMM - Performance Comparison
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Returns By Period
MFLX
- 1D
- -0.06%
- 1M
- 1.21%
- YTD
- 3.33%
- 6M
- 3.84%
- 1Y
- 9.22%
- 3Y*
- 5.48%
- 5Y*
- -0.03%
- 10Y*
- —
IBMM
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MFLX vs. IBMM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MFLX First Trust Flexible Municipal High Income ETF | 2.04% |
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% |
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Return for Risk
MFLX vs. IBMM — Risk / Return Rank
MFLX
IBMM
MFLX vs. IBMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Flexible Municipal High Income ETF (MFLX) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.
| MFLX | IBMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | — | — |
| Martin ratioReturn relative to average drawdown | 11.95 | — | — |
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
| MFLX | IBMM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | — | — |
Drawdowns
MFLX vs. IBMM - Drawdown Comparison
The maximum MFLX drawdown since its inception was -26.76%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MFLX and IBMM.
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Drawdown Indicators
| MFLX | IBMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.76% | 0.00% | -26.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | — | — |
Current DrawdownCurrent decline from peak | -3.78% | 0.00% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -8.17% | 0.00% | -8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | — | — |
Volatility
MFLX vs. IBMM - Volatility Comparison
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Volatility by Period
| MFLX | IBMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 0.00% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.36% | 0.00% | +10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.29% | 0.00% | +11.29% |
MFLX vs. IBMM - Expense Ratio Comparison
MFLX has a 0.88% expense ratio, which is higher than IBMM's 0.18% expense ratio.
Dividends
MFLX vs. IBMM - Dividend Comparison
MFLX's dividend yield for the trailing twelve months is around 4.08%, while IBMM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MFLX First Trust Flexible Municipal High Income ETF | 4.08% | 4.06% | 3.81% | 3.65% | 4.27% | 3.69% | 3.21% | 2.94% | 3.74% | 3.80% | 0.98% |
Frequently Asked Questions
On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBMM is cheaper with a 0.18% expense ratio, compared with 0.88% for MFLX.
MFLX has the higher dividend yield at 4.08%, compared with 0.00% for IBMM.
They also come from different issuers: First Trust and iShares. Their fees differ too: 0.88% for MFLX and 0.18% for IBMM.
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