XMPT vs. FCEF
Compare and contrast key facts about VanEck CEF Municipal Income ETF (XMPT) and First Trust CEF Income Opportunity ETF (FCEF).
XMPT and FCEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMPT is a passively managed fund by VanEck that tracks the performance of the S-Network Municipal Bond Closed-End Fund Index. It was launched on Jul 12, 2011. FCEF is an actively managed fund by First Trust. It was launched on Sep 27, 2016.
Performance
XMPT vs. FCEF - Performance Comparison
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XMPT vs. FCEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | -0.80% | 8.01% | 7.01% | 2.55% | -24.02% | 7.94% | 7.70% | 20.36% | -5.85% | 8.28% |
FCEF First Trust CEF Income Opportunity ETF | -0.30% | 14.39% | 17.51% | 10.27% | -19.51% | 19.50% | 3.80% | 28.28% | -9.65% | 15.72% |
Returns By Period
In the year-to-date period, XMPT achieves a -0.80% return, which is significantly lower than FCEF's -0.30% return.
XMPT
- 1D
- 2.14%
- 1M
- -4.42%
- YTD
- -0.80%
- 6M
- 1.08%
- 1Y
- 5.47%
- 3Y*
- 4.95%
- 5Y*
- -0.99%
- 10Y*
- 2.06%
FCEF
- 1D
- 2.15%
- 1M
- -4.71%
- YTD
- -0.30%
- 6M
- 1.89%
- 1Y
- 11.54%
- 3Y*
- 13.19%
- 5Y*
- 5.66%
- 10Y*
- —
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XMPT vs. FCEF - Expense Ratio Comparison
XMPT has a 1.97% expense ratio, which is lower than FCEF's 2.91% expense ratio.
Return for Risk
XMPT vs. FCEF — Risk / Return Rank
XMPT
FCEF
XMPT vs. FCEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) and First Trust CEF Income Opportunity ETF (FCEF). 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.
| XMPT | FCEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.92 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.26 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.11 | -0.19 |
Martin ratioReturn relative to average drawdown | 2.76 | 5.37 | -2.61 |
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
| XMPT | FCEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.92 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.47 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.49 | -0.09 |
Correlation
The correlation between XMPT and FCEF is 0.36, 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
XMPT vs. FCEF - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 5.92%, less than FCEF's 7.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | 5.92% | 5.87% | 5.35% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% |
FCEF First Trust CEF Income Opportunity ETF | 7.21% | 7.05% | 7.13% | 7.17% | 7.26% | 4.74% | 5.03% | 5.07% | 5.96% | 4.90% | 1.51% | 0.00% |
Drawdowns
XMPT vs. FCEF - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, smaller than the maximum FCEF drawdown of -44.81%. Use the drawdown chart below to compare losses from any high point for XMPT and FCEF.
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Drawdown Indicators
| XMPT | FCEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -44.81% | +9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -10.61% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -35.24% | -25.32% | -9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.24% | — | — |
Current DrawdownCurrent decline from peak | -11.73% | -5.03% | -6.70% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -6.38% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.19% | +0.01% |
Volatility
XMPT vs. FCEF - Volatility Comparison
The current volatility for VanEck CEF Municipal Income ETF (XMPT) is 3.90%, while First Trust CEF Income Opportunity ETF (FCEF) has a volatility of 4.35%. This indicates that XMPT experiences smaller price fluctuations and is considered to be less risky than FCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMPT | FCEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 4.35% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | 6.29% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.46% | 12.54% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.24% | 12.21% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.33% | 15.52% | -5.19% |