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UCON vs FMHI

First Trust Smith Unconstrained Plus Bond ETF vs First Trust Municipal High Income ETF

UCON

First Trust Smith Unconstrained Plus Bond ETF

Annual cost

0.86%

Fund size

$3.3B

FMHI

First Trust Municipal High Income ETF

Annual cost

0.49%

Fund size

$976M

Key differences

Both UCON and FMHI are fixed income ETFs. UCON charges 0.86% a year and FMHI 0.49%. The main difference: UCON follows a active selection strategy; FMHI uses index tracking.

  • UCON follows a active selection strategy; FMHI uses index tracking.
  • FMHI costs 0.37% less per year.
  • UCON is much larger than FMHI. Larger funds are usually more liquid and less likely to close.

Side-by-side comparison

UCONFMHI
Annual cost (TER)0.86%0.49%
Fund size (AUM)$3.3B$976M
Since20182017
Dividend yield4.66%4.26%
Asset classfixed incomefixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+5.5%+8.5%
CAGR 3Y+5.6%+5.3%
CAGR 5Y+2.7%+0.9%
Sharpe 3Y0.530.36
Volatility 1Y2.97%3.07%
Max drawdown-15.31%-18.83%

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

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