FMN vs TYLG
Federated Hermes Premier Municipal Income Fund vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
TYLG has a lower expense ratio. TYLG delivered stronger 1-year returns. FMN offers more diversification with 150 holdings.
Side-by-Side Comparison
| Metric | FMN | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.60% | |
| AUM | $16M | $15M | |
| Dividend Yield | 4.43% | 8.89% | |
| Holdings | 150 | 78 | |
| YTD Return | +3.51% | +23.23% | |
| 1Y Return | +9.28% | +34.36% | |
| 3Y Return (annualized) | +6.77% | +24.23% | |
| 5Y Return (annualized) | -2.54% | - | |
| Volatility (annualized) | 14.7% | 15.9% | |
| Max Drawdown | -53.4% | -24.5% | |
| Fund Family | Federated Hermes | Global X by mirae Asset | |
| Category | Tax Preferred | Alternative | |
| Inception | Dec 20, 2002 | Nov 21, 2022 |
FMN vs TYLG Performance
Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year FMN returned +9.28% while TYLG returned +34.36%. Year to date, FMN is up 3.51% versus a gain of 23.23% for TYLG.
Over three years, FMN compounded at +6.77% per year against +24.23% for TYLG. Across the full 4-year window we track, TYLG has the edge at +25.83% annualized vs -0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYLG has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -24.5% for TYLG. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMN charges 0.75% per year while TYLG 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 4.43% against 8.89% for TYLG.
Holdings Overlap
FMN and TYLG share 0 holdings out of 159 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 TYLG?
FMN has an expense ratio of 0.75% while TYLG charges 0.60%. TYLG is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, FMN or TYLG?
Over the past year FMN returned +9.28% vs +34.36% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (4 years), FMN annualized -0.21% vs +25.83% for TYLG. Past performance does not guarantee future results.
Which is riskier, FMN or TYLG?
TYLG has been the more volatile fund at 15.9% annualized versus 14.7% for FMN. Worst drawdown: FMN -53.4% vs TYLG -24.5%.
Should I hold both FMN and TYLG?
FMN and TYLG have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMN and TYLG?
FMN and TYLG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 159 unique securities.
Which pays a higher dividend, FMN or TYLG?
FMN yields 4.43% while TYLG yields 8.89%, so TYLG currently pays the higher dividend yield.
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