AOD vs FMN
Abrdn Total Dynamic Dividend Fund vs Federated Hermes Premier Municipal Income Fund
Quick Verdict
FMN has a lower expense ratio. AOD delivered stronger 1-year returns. FMN offers more diversification with 150 holdings.
Side-by-Side Comparison
| Metric | AOD | FMN | Winner |
|---|---|---|---|
| Expense Ratio | 1.16% | 0.75% | |
| AUM | $1.0B | $16M | |
| Dividend Yield | 11.73% | 4.43% | |
| Holdings | 86 | 150 | |
| YTD Return | +18.25% | +2.58% | |
| 1Y Return | +33.04% | +9.22% | |
| 3Y Return (annualized) | +23.83% | +7.39% | |
| 5Y Return (annualized) | +11.44% | -3.02% | |
| Volatility (annualized) | 21.9% | 14.7% | |
| Max Drawdown | -88.1% | -53.4% | |
| Fund Family | Aberdeen | Federated Hermes | |
| Category | Equity | Tax Preferred | |
| Inception | Jan 26, 2007 | Dec 20, 2002 |
AOD vs FMN Performance
Abrdn Total Dynamic Dividend Fund (AOD) is a ETF from Aberdeen and Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes. Over the past year AOD returned +33.04% while FMN returned +9.22%. Year to date, AOD is up 18.25% versus a gain of 2.58% for FMN.
Over three years, AOD compounded at +23.83% per year against +7.39% for FMN; over five years the annualized figures are +11.44% and -3.02% respectively. Across the full 20-year window we track, FMN has the edge at -0.25% annualized vs -4.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AOD has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 14.7% for FMN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.1% for AOD and -53.4% for FMN. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AOD charges 1.16% per year while FMN charges 0.75%. On a $10,000 position that is $116 vs $75 annually, a gap of $41 per year that compounds over a long holding period. On income, AOD currently yields 11.73% against 4.43% for FMN.
Holdings Overlap
AOD and FMN share 0 holdings out of 170 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AOD or FMN?
AOD has an expense ratio of 1.16% while FMN charges 0.75%. FMN is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, AOD or FMN?
Over the past year AOD returned +33.04% vs +9.22% for FMN, so AOD leads on 1-year performance. Over the longest common window we track (20 years), AOD annualized -4.03% vs -0.25% for FMN. Past performance does not guarantee future results.
Which is riskier, AOD or FMN?
AOD has been the more volatile fund at 21.9% annualized versus 14.7% for FMN. Worst drawdown: AOD -88.1% vs FMN -53.4%.
Should I hold both AOD and FMN?
AOD and FMN have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AOD and FMN?
AOD and FMN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 170 unique securities.
Which pays a higher dividend, AOD or FMN?
AOD yields 11.73% while FMN yields 4.43%, so AOD currently pays the higher dividend yield.
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