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FCAL vs FMHI

First Trust California Municipal High Income ETF vs First Trust Municipal High Income ETF

FCAL

First Trust California Municipal High Income ETF

First Trust

Annual cost

0.49%

Fund size

$205M

FMHI

First Trust Municipal High Income ETF

First Trust

Annual cost

0.49%

Fund size

$950M

Key differences

  • FMHI is significantly larger than FCAL — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, FMHI has delivered higher annualized returns.

Side-by-side comparison

FCALFMHI
Annual cost (TER)0.49%0.49%
Fund size (AUM)$205M$950M
Since20172017
Dividend yield3.32%4.25%
Asset classfixed incomefixed income
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+5.7%+7.1%
CAGR 3Y+3.0%+4.9%
CAGR 5Y+0.6%+0.8%
Sharpe 3Y-0.100.28
Volatility 1Y2.72%3.16%
Max drawdown-14.81%-18.83%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FCAL and FMHI