FMN vs HUSV
Federated Hermes Premier Municipal Income Fund vs First Trust Horizon Managed Volatility Domestic ETF
Quick Verdict
HUSV has a lower expense ratio. FMN delivered stronger 1-year returns. HUSV offers more diversification with 101 holdings.
Side-by-Side Comparison
| Metric | FMN | HUSV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.70% | |
| AUM | $16M | $74M | |
| Dividend Yield | 4.29% | 1.37% | |
| Holdings | 150 | 101 | |
| YTD Return | +3.51% | +8.58% | |
| 1Y Return | +9.90% | +5.89% | |
| 3Y Return (annualized) | +7.05% | +9.95% | |
| 5Y Return (annualized) | -2.30% | +6.22% | |
| Volatility (annualized) | 14.7% | 13.2% | |
| Max Drawdown | -53.4% | -35.7% | |
| Fund Family | Federated Hermes | First Trust Portfolios (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 20, 2002 | Aug 24, 2016 |
FMN vs HUSV Performance
Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes and First Trust Horizon Managed Volatility Domestic ETF (HUSV) is a ETF from First Trust Portfolios (US). Over the past year FMN returned +9.90% while HUSV returned +5.89%. Year to date, FMN is up 3.51% versus a gain of 8.58% for HUSV.
Over three years, FMN compounded at +7.05% per year against +9.95% for HUSV; over five years the annualized figures are -2.30% and +6.22% respectively. Across the full 10-year window we track, HUSV has the edge at +8.52% 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 13.2% for HUSV. 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 -35.7% for HUSV. 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
FMN charges 0.75% per year while HUSV charges 0.70%. On a $10,000 position that is $75 vs $70 annually, a gap of $5 per year that compounds over a long holding period. On income, FMN currently yields 4.29% against 1.37% for HUSV.
Holdings Overlap
FMN and HUSV share 0 holdings out of 186 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 HUSV?
FMN has an expense ratio of 0.75% while HUSV charges 0.70%. HUSV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, FMN or HUSV?
Over the past year FMN returned +9.90% vs +5.89% for HUSV, so FMN leads on 1-year performance. Over the longest common window we track (10 years), FMN annualized -0.21% vs +8.52% for HUSV. Past performance does not guarantee future results.
Which is riskier, FMN or HUSV?
FMN has been the more volatile fund at 14.7% annualized versus 13.2% for HUSV. Worst drawdown: FMN -53.4% vs HUSV -35.7%.
Should I hold both FMN and HUSV?
FMN and HUSV 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 FMN and HUSV?
FMN and HUSV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 186 unique securities.
Which pays a higher dividend, FMN or HUSV?
FMN yields 4.29% while HUSV yields 1.37%, so FMN currently pays the higher dividend yield.
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