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MFLX vs FCEF

First Trust Flexible Municipal High Income ETF vs First Trust Income Opportunity ETF

MFLX

First Trust Flexible Municipal High Income ETF

Annual cost

0.75%

Fund size

$19M

FCEF

First Trust Income Opportunity ETF

Annual cost

3.69%

Fund size

$79M

Key differences

MFLX is a fixed income ETF, while FCEF is a mixed asset ETF. MFLX charges 0.75% a year and FCEF 3.69%.

  • MFLX is a fixed income fund, while FCEF is a mixed asset fund. They carry different risk/return profiles.
  • MFLX costs 2.94% less per year.
  • FCEF is much larger than MFLX. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, FCEF has delivered higher annualized returns.

Side-by-side comparison

MFLXFCEF
Annual cost (TER)0.75%3.69%
Fund size (AUM)$19M$79M
Since20162016
Dividend yield4.09%6.19%
Asset classfixed incomemixed asset
Regionnorth america
Strategyactive selectionactive selection
CAGR 1Y+9.2%+15.3%
CAGR 3Y+5.7%+15.6%
CAGR 5Y+0.0%+5.8%
Sharpe 3Y0.251.15
Volatility 1Y4.07%7.87%
Max drawdown-26.76%-44.81%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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