Correlation
The correlation between MFLX and PGR is 0.09, 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.
MFLX vs. PGR
Compare and contrast key facts about First Trust Flexible Municipal High Income ETF (MFLX) and The Progressive Corporation (PGR).
MFLX is an actively managed fund by First Trust. It was launched on Sep 27, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MFLX or PGR.
Performance
MFLX vs. PGR - Performance Comparison
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Key characteristics
MFLX:
0.24
PGR:
1.66
MFLX:
0.34
PGR:
2.22
MFLX:
1.06
PGR:
1.32
MFLX:
0.16
PGR:
3.40
MFLX:
1.02
PGR:
8.60
MFLX:
2.26%
PGR:
4.86%
MFLX:
12.17%
PGR:
24.69%
MFLX:
-26.76%
PGR:
-71.05%
MFLX:
-11.59%
PGR:
-2.13%
Returns By Period
In the year-to-date period, MFLX achieves a -1.35% return, which is significantly lower than PGR's 21.33% return.
MFLX
-1.35%
0.59%
-3.27%
3.36%
2.63%
1.81%
N/A
PGR
21.33%
2.62%
8.12%
37.78%
35.03%
32.32%
29.51%
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Risk-Adjusted Performance
MFLX vs. PGR — Risk-Adjusted Performance Rank
MFLX
PGR
MFLX vs. PGR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Flexible Municipal High Income ETF (MFLX) and The Progressive Corporation (PGR). 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
MFLX vs. PGR - Dividend Comparison
MFLX's dividend yield for the trailing twelve months is around 4.12%, more than PGR's 1.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFLX First Trust Flexible Municipal High Income ETF | 4.12% | 3.81% | 3.65% | 4.27% | 3.69% | 3.21% | 2.94% | 3.74% | 3.80% | 0.98% | 0.00% | 0.00% |
PGR The Progressive Corporation | 1.72% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% | 5.53% |
Drawdowns
MFLX vs. PGR - Drawdown Comparison
The maximum MFLX drawdown since its inception was -26.76%, smaller than the maximum PGR drawdown of -71.05%. Use the drawdown chart below to compare losses from any high point for MFLX and PGR.
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Volatility
MFLX vs. PGR - Volatility Comparison
The current volatility for First Trust Flexible Municipal High Income ETF (MFLX) is 2.43%, while The Progressive Corporation (PGR) has a volatility of 5.71%. This indicates that MFLX experiences smaller price fluctuations and is considered to be less risky than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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