XMPT vs. FMHI
Compare and contrast key facts about VanEck Vectors CEF Municipal Income ETF (XMPT) and First Trust Municipal High Income ETF (FMHI).
XMPT and FMHI 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. FMHI is an actively managed fund by First Trust. It was launched on Nov 1, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMPT or FMHI.
Key characteristics
| XMPT | FMHI | |
|---|---|---|
| YTD Return | 10.66% | 5.86% |
| 1Y Return | 22.10% | 12.87% |
| 3Y Return (Ann) | -4.42% | -0.81% |
| 5Y Return (Ann) | 0.35% | 1.84% |
| Sharpe Ratio | 2.73 | 2.74 |
| Sortino Ratio | 4.17 | 4.05 |
| Omega Ratio | 1.51 | 1.59 |
| Calmar Ratio | 0.70 | 0.85 |
| Martin Ratio | 15.28 | 19.66 |
| Ulcer Index | 1.38% | 0.62% |
| Daily Std Dev | 7.70% | 4.42% |
| Max Drawdown | -35.24% | -18.83% |
| Current Drawdown | -14.81% | -3.17% |
Correlation
The correlation between XMPT and FMHI is 0.43, 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.
Performance
XMPT vs. FMHI - Performance Comparison
In the year-to-date period, XMPT achieves a 10.66% return, which is significantly higher than FMHI's 5.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XMPT vs. FMHI - Expense Ratio Comparison
XMPT has a 1.86% expense ratio, which is higher than FMHI's 0.55% expense ratio.
Risk-Adjusted Performance
XMPT vs. FMHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors CEF Municipal Income ETF (XMPT) 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.
Dividends
XMPT vs. FMHI - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 4.84%, more than FMHI's 3.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck Vectors CEF Municipal Income ETF | 4.84% | 3.81% | 5.12% | 3.74% | 3.80% | 4.08% | 5.05% | 4.84% | 5.37% | 5.24% | 5.50% | 6.17% |
FMHI First Trust Municipal High Income ETF | 3.94% | 3.90% | 3.58% | 2.87% | 3.13% | 3.33% | 3.46% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMPT vs. FMHI - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, which is greater than FMHI's maximum drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for XMPT and FMHI. For additional features, visit the drawdowns tool.
Volatility
XMPT vs. FMHI - Volatility Comparison
VanEck Vectors CEF Municipal Income ETF (XMPT) has a higher volatility of 2.98% compared to First Trust Municipal High Income ETF (FMHI) at 2.00%. This indicates that XMPT'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.