FMHI vs RVNU
First Trust Municipal High Income ETF vs Xtrackers Municipal Infrastructure Revenue Bond Active ETF
Which is better, FMHI or RVNU?
FMHI has been ahead.
RVNU has a lower expense ratio. FMHI led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FMHI | RVNU |
|---|---|---|
| Expense Ratio | 0.49% | 0.15%Best |
| AUM | $1.1B | $134M |
| Dividend Yield | 4.55% | 3.78% |
| Holdings | 2,277 | 438 |
| YTD Return | +1.11%Best | +0.20% |
| 1Y Return | +1.08%Best | -0.16% |
| 3Y Return (annualized) | +5.24%Best | +3.68% |
| 5Y Return (annualized) | +0.27%Best | -0.90% |
| Volatility (annualized) | 7.3%Best | 8.7% |
| Max Drawdown | -18.8%Best | -23.5% |
| $10,000 over 5 years | $10,136Best | $9,558 |
| Fund Family | First Trust Portfolios (US) | Xtrackers ETFs |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 2, 2017 | Jun 4, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 3, 2017 to Nov 11, 2026 (9 years).
FMHI vs RVNU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9 years both funds cover.
FMHI vs RVNU Performance
First Trust Municipal High Income ETF (FMHI) is an ETF from First Trust Portfolios (US) and Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) is an ETF from Xtrackers ETFs. Over the past year FMHI returned +1.08% while RVNU returned -0.16%. Year to date, FMHI is up 1.11% versus a gain of 0.20% for RVNU.
Over three years, FMHI compounded at +5.24% per year against +3.68% for RVNU; over five years the annualized figures are +0.27% and -0.90% respectively. Across the full 9-year window we track, FMHI has the edge at +1.64% annualized vs +0.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVNU has been the more volatile fund, with annualized monthly volatility of 8.7% compared with 7.3% for FMHI. 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 -18.8% for FMHI and -23.5% for RVNU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMHI charges 0.49% per year while RVNU charges 0.15%. On a $10,000 position that is $49 vs $15 annually, a gap of $34 per year that compounds over a long holding period. On income, FMHI currently yields 4.55% against 3.78% for RVNU.
Holdings Overlap
We hold position weights for 468 holdings in FMHI and 103 in RVNU, totalling 57.6% and 31.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 4 positions appear in both.
4 positions in common, counted across the 468 positions we hold weights for in FMHI and 103 in RVNU, against full books of 2,277 and 438.
Top Shared Holdings
| Stock | Weight in FMHI | Weight in RVNU | Difference |
|---|---|---|---|
| TX HOUAPT 4 07/01/20Tx Houston Arpt Sys Sub Rev 4.00% 07/01/2046 | 0.12% | 0.35% | 0.23% |
| WA PTSGEN 5 08/01/20Port Of Seattle Wash Revenue 5.0 08/01/2047 | 0.10% | 0.36% | 0.26% |
| NY NYTTRN 5.25 06/30New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 Project 5.25 06/30/2049 | 0.02% | 0.35% | 0.33% |
| CO DENAPT 5 11/15/20City And County Of Denver Co Airport System Revenuefx.Rt. Muni Bond | 0.12% | 0.07% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of FMHI and RVNU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FMHI or RVNU?
FMHI has an expense ratio of 0.49% while RVNU charges 0.15%. RVNU is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, FMHI or RVNU?
Over the past year FMHI returned +1.08% vs -0.16% for RVNU, so FMHI leads on 1-year performance. Over the longest common window we track (9 years), FMHI annualized +1.64% vs +0.62% for RVNU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMHI or RVNU?
RVNU has been the more volatile fund at 8.7% annualized versus 7.3% for FMHI. Worst drawdown: FMHI -18.8% vs RVNU -23.5%.
Should I hold both FMHI and RVNU?
FMHI and RVNU have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FMHI or RVNU?
FMHI yields 4.55% while RVNU yields 3.78%, so FMHI currently pays the higher dividend yield.
Is RVNU better than FMHI?
RVNU has a lower expense ratio. FMHI led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.