FMN vs KF
FMN vs KF
Federated Hermes Premier Municipal Income Fund vs The Korea Fund, Inc.
Quick Verdict
KF delivered stronger 1-year returns. FMN offers more diversification with 85 holdings.
Side-by-Side Comparison
| Metric | FMN | KF | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | - | |
| AUM | $16M | $285M | |
| Dividend Yield | 4.29% | 1.57% | |
| Holdings | 150 | 52 | |
| YTD Return | +3.51% | +55.19% | |
| 1Y Return | +9.90% | +121.76% | |
| 3Y Return (annualized) | +7.05% | +40.09% | |
| 5Y Return (annualized) | -2.30% | +15.19% | |
| Volatility (annualized) | 14.7% | 43.4% | |
| Max Drawdown | -53.4% | -77.0% | |
| Fund Family | Federated Hermes | The Korea Fund, Inc. (KF) | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 20, 2002 | Aug 29, 1984 |
FMN vs KF Performance
Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes and The Korea Fund, Inc. (KF) is a ETF from The Korea Fund, Inc. (KF). Over the past year FMN returned +9.90% while KF returned +121.76%. Year to date, FMN is up 3.51% versus a gain of 55.19% for KF.
Over three years, FMN compounded at +7.05% per year against +40.09% for KF; over five years the annualized figures are -2.30% and +15.19% respectively. Across the full 24-year window we track, KF has the edge at +16.27% annualized vs -0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KF has been the more volatile fund, with annualized monthly volatility of 43.4% 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 -53.4% for FMN and -77.0% for KF. 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
FMN and KF share 0 holdings out of 134 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, FMN or KF?
Over the past year FMN returned +9.90% vs +121.76% for KF, so KF leads on 1-year performance. Over the longest common window we track (24 years), FMN annualized -0.21% vs +16.27% for KF. Past performance does not guarantee future results.
Which is riskier, FMN or KF?
KF has been the more volatile fund at 43.4% annualized versus 14.7% for FMN. Worst drawdown: FMN -53.4% vs KF -77.0%.
Should I hold both FMN and KF?
FMN and KF have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMN and KF?
FMN and KF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 134 unique securities.
Which pays a higher dividend, FMN or KF?
FMN yields 4.29% while KF yields 1.57%, so FMN currently pays the higher dividend yield.
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