XMPT vs. LDSF
XMPT (VanEck CEF Municipal Income ETF) and LDSF (First Trust Low Duration Strategic Focus ETF) are both exchange-traded funds - XMPT is a High Yield Muni fund tracking the S-Network Municipal Bond Closed-End Fund Index, while LDSF is a Short-Term Bond fund actively managed by First Trust. XMPT is passively managed, while LDSF is actively managed. Over the past 5 years, XMPT returned -0.98%/yr vs 2.41%/yr for LDSF. At a 0.38 correlation, their price movements are largely independent. XMPT charges 1.97%/yr vs 0.87%/yr for LDSF.
Performance
XMPT vs. LDSF - Performance Comparison
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Returns By Period
In the year-to-date period, XMPT achieves a 4.03% return, which is significantly higher than LDSF's 0.82% return.
XMPT
- 1D
- 0.59%
- 1M
- 3.08%
- YTD
- 4.03%
- 6M
- 5.11%
- 1Y
- 13.45%
- 3Y*
- 7.34%
- 5Y*
- -0.98%
- 10Y*
- 1.98%
LDSF
- 1D
- 0.00%
- 1M
- 0.39%
- YTD
- 0.82%
- 6M
- 0.93%
- 1Y
- 4.46%
- 3Y*
- 5.34%
- 5Y*
- 2.41%
- 10Y*
- —
XMPT vs. LDSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMPT VanEck CEF Municipal Income ETF | 4.03% | 8.01% | 7.01% | 2.55% | -24.02% | 7.94% | 7.70% | 17.74% |
LDSF First Trust Low Duration Strategic Focus ETF | 0.82% | 6.82% | 4.20% | 6.53% | -5.47% | -0.28% | 2.48% | 4.52% |
Correlation
The correlation between XMPT and LDSF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2019 | 0.38 |
The correlation between XMPT and LDSF shifts across timeframes, from 0.38 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XMPT vs. LDSF — Risk / Return Rank
XMPT
LDSF
XMPT vs. LDSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck CEF Municipal Income ETF (XMPT) and First Trust Low Duration Strategic Focus ETF (LDSF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XMPT | LDSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.57 | -0.51 |
| Martin ratioReturn relative to average drawdown | 8.34 | 10.83 | -2.49 |
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Drawdowns
XMPT vs. LDSF - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, which is greater than LDSF's maximum drawdown of -8.56%. Use the drawdown chart below to compare losses from any high point for XMPT and LDSF.
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Drawdown Indicators
| XMPT | LDSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.24% | -8.56% | -26.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -1.74% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -1.74% | -13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.24% | -7.83% | -27.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.24% | — | — |
Current DrawdownCurrent decline from peak | -7.43% | -0.26% | -7.17% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -1.45% | -7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 0.41% | +1.21% |
Volatility
XMPT vs. LDSF - Volatility Comparison
VanEck CEF Municipal Income ETF (XMPT) has a higher volatility of 1.82% compared to First Trust Low Duration Strategic Focus ETF (LDSF) at 0.67%. This indicates that XMPT's price experiences larger fluctuations and is considered to be riskier than LDSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMPT | LDSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 0.67% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 1.71% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.28% | 2.05% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 3.09% | +6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.37% | 3.17% | +7.20% |
XMPT vs. LDSF - Expense Ratio Comparison
XMPT has a 1.97% expense ratio, which is higher than LDSF's 0.87% expense ratio.
Dividends
XMPT vs. LDSF - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 6.23%, more than LDSF's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDSF First Trust Low Duration Strategic Focus ETF | 4.63% | 4.52% | 4.53% | 4.08% | 2.61% | 1.97% | 2.65% | 3.06% | 0.00% | 0.00% | 0.00% | 0.00% |
XMPT VanEck CEF Municipal Income ETF | 6.23% | 5.87% | 5.35% | 3.81% | 5.12% | 3.74% | 3.79% | 4.08% | 5.05% | 4.84% | 5.35% | 5.24% |
Frequently Asked Questions
XMPT and LDSF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XMPT has higher volatility (1.82%) compared to LDSF (0.67%). In terms of maximum drawdown, XMPT dropped -35.24% vs LDSF's -8.56%.
On 5-year performance, LDSF leads with 2.41% vs -0.98% for XMPT. On fees, LDSF is cheaper at 0.87% per year. On volatility, LDSF has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LDSF has performed better with a 2.41% return vs -0.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDSF is cheaper with a 0.87% expense ratio, compared with 1.97% for XMPT.
XMPT has the higher dividend yield at 6.23%, compared with 4.63% for LDSF.
XMPT is categorized as High Yield Muni, while LDSF is Short-Term Bond. They also come from different issuers: VanEck and First Trust. Their fees differ too: 1.97% for XMPT and 0.87% for LDSF.
LDSF currently has the higher Sharpe Ratio (2.18 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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