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FCEF vs FMHI
First Trust Income Opportunity ETF vs First Trust Municipal High Income ETF
Key differences
- FMHI costs 3.20% less per year.
- FMHI is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
- FCEF is classified as mixed asset, while FMHI is fixed income — different risk/return profiles.
- FCEF follows a active selection strategy; FMHI uses index tracking.
- Over the last 3 years, FCEF has delivered higher annualized returns.
Side-by-side comparison
| FCEF | FMHI | |
|---|---|---|
| Annual cost (TER) | 3.69% | 0.49% |
| Fund size (AUM) | $75M | $950M |
| Since | 2016 | 2017 |
| Dividend yield | 6.24% | 4.25% |
| Asset class | mixed asset | fixed income |
| Region | — | north america |
| Strategy | active selection | index tracking |
| CAGR 1Y | +18.7% | +7.1% |
| CAGR 3Y | +16.1% | +4.9% |
| CAGR 5Y | +6.5% | +0.8% |
| Sharpe 3Y | 1.19 | 0.28 |
| Volatility 1Y | 7.84% | 3.16% |
| Max drawdown | -44.81% | -18.83% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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