FMN vs FTGS
Federated Hermes Premier Municipal Income Fund vs First Trust Growth Strength ETF
Quick Verdict
FTGS has a lower expense ratio. FTGS delivered stronger 1-year returns. FMN offers more diversification with 85 holdings.
Side-by-Side Comparison
| Metric | FMN | FTGS | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.60% | |
| AUM | $16M | $1.3B | |
| Dividend Yield | 4.29% | 0.09% | |
| Holdings | 150 | 51 | |
| YTD Return | +3.51% | +12.49% | |
| 1Y Return | +9.90% | +14.75% | |
| 3Y Return (annualized) | +7.05% | +18.25% | |
| 5Y Return (annualized) | -2.30% | - | |
| Volatility (annualized) | 14.7% | 14.6% | |
| Max Drawdown | -53.4% | -20.0% | |
| Fund Family | Federated Hermes | First Trust Portfolios (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 20, 2002 | Oct 25, 2022 |
FMN vs FTGS Performance
Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes and First Trust Growth Strength ETF (FTGS) is a ETF from First Trust Portfolios (US). Over the past year FMN returned +9.90% while FTGS returned +14.75%. Year to date, FMN is up 3.51% versus a gain of 12.49% for FTGS.
Over three years, FMN compounded at +7.05% per year against +18.25% for FTGS. Across the full 4-year window we track, FTGS has the edge at +19.84% annualized vs -0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMN has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 14.6% for FTGS. 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 -53.4% for FMN and -20.0% for FTGS. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMN charges 0.75% per year while FTGS charges 0.60%. On a $10,000 position that is $75 vs $60 annually, a gap of $15 per year that compounds over a long holding period. On income, FMN currently yields 4.29% against 0.09% for FTGS.
Holdings Overlap
FMN and FTGS share 0 holdings out of 135 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, FMN or FTGS?
FMN has an expense ratio of 0.75% while FTGS charges 0.60%. FTGS is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FMN or FTGS?
Over the past year FMN returned +9.90% vs +14.75% for FTGS, so FTGS leads on 1-year performance. Over the longest common window we track (4 years), FMN annualized -0.21% vs +19.84% for FTGS. Past performance does not guarantee future results.
Which is riskier, FMN or FTGS?
FMN has been the more volatile fund at 14.7% annualized versus 14.6% for FTGS. Worst drawdown: FMN -53.4% vs FTGS -20.0%.
Should I hold both FMN and FTGS?
FMN and FTGS have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMN and FTGS?
FMN and FTGS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 135 unique securities.
Which pays a higher dividend, FMN or FTGS?
FMN yields 4.29% while FTGS yields 0.09%, so FMN currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.