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FMHI vs FCAL

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

FMHI

First Trust Municipal High Income ETF

First Trust

Annual cost

0.49%

Fund size

$950M

FCAL

First Trust California Municipal High Income ETF

First Trust

Annual cost

0.49%

Fund size

$205M

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

FMHIFCAL
Annual cost (TER)0.49%0.49%
Fund size (AUM)$950M$205M
Since20172017
Dividend yield4.25%3.32%
Asset classfixed incomefixed income
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+7.1%+5.7%
CAGR 3Y+4.9%+3.0%
CAGR 5Y+0.8%+0.6%
Sharpe 3Y0.28-0.10
Volatility 1Y3.16%2.72%
Max drawdown-18.83%-14.81%

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

Similar to FMHI and FCAL