FMN vs SBIO
Federated Hermes Premier Municipal Income Fund vs ALPS Medical Breakthroughs ETF
Quick Verdict
SBIO has a lower expense ratio. SBIO delivered stronger 1-year returns. SBIO offers more diversification with 105 holdings.
Side-by-Side Comparison
| Metric | FMN | SBIO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.50% | |
| AUM | $16M | $202M | |
| Dividend Yield | 4.29% | 4.05% | |
| Holdings | 150 | 87 | |
| YTD Return | +3.51% | +34.80% | |
| 1Y Return | +9.90% | +106.24% | |
| 3Y Return (annualized) | +7.05% | +32.77% | |
| 5Y Return (annualized) | -2.30% | +9.56% | |
| Volatility (annualized) | 14.7% | 29.6% | |
| Max Drawdown | -53.4% | -63.1% | |
| Fund Family | Federated Hermes | ALPS Advisors | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 20, 2002 | Dec 30, 2014 |
FMN vs SBIO Performance
Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes and ALPS Medical Breakthroughs ETF (SBIO) is a ETF from ALPS Advisors. Over the past year FMN returned +9.90% while SBIO returned +106.24%. Year to date, FMN is up 3.51% versus a gain of 34.80% for SBIO.
Over three years, FMN compounded at +7.05% per year against +32.77% for SBIO; over five years the annualized figures are -2.30% and +9.56% respectively. Across the full 12-year window we track, SBIO has the edge at +9.80% annualized vs -0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SBIO has been the more volatile fund, with annualized monthly volatility of 29.6% 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 -63.1% for SBIO. 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.
Fees and Cost Over Time
FMN charges 0.75% per year while SBIO charges 0.50%. On a $10,000 position that is $75 vs $50 annually, a gap of $25 per year that compounds over a long holding period. On income, FMN currently yields 4.29% against 4.05% for SBIO.
Holdings Overlap
FMN and SBIO share 0 holdings out of 190 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 SBIO?
FMN has an expense ratio of 0.75% while SBIO charges 0.50%. SBIO is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, FMN or SBIO?
Over the past year FMN returned +9.90% vs +106.24% for SBIO, so SBIO leads on 1-year performance. Over the longest common window we track (12 years), FMN annualized -0.21% vs +9.80% for SBIO. Past performance does not guarantee future results.
Which is riskier, FMN or SBIO?
SBIO has been the more volatile fund at 29.6% annualized versus 14.7% for FMN. Worst drawdown: FMN -53.4% vs SBIO -63.1%.
Should I hold both FMN and SBIO?
FMN and SBIO 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 SBIO?
FMN and SBIO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 190 unique securities.
Which pays a higher dividend, FMN or SBIO?
FMN yields 4.29% while SBIO yields 4.05%, so FMN currently pays the higher dividend yield.
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