Which returned more over the last year, FMHI or HYMB?

In the year to Oct 28, 2026, with distributions reinvested, FMHI returned −0.1% and HYMB −1.0%.

Which is cheaper, FMHI or HYMB?

HYMB is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

FMHI vs HYMB: Differences, Returns & Fees

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FMHI's duration was 7.9 years on Jul 31, 2026 and HYMB's 7.3 on Jun 30, 2026; HYMB charges 0.35% to FMHI's 0.70%.

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Net assets on Oct 27, 2026: $1.0bn for First Trust Municipal High Income ETF and $3.8bn for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF.

FMHI on its own →HYMB on its own →

At a glance

−0.1%

FMHI total return, 1 year

−1.0%

HYMB total return, 1 year

0.70%

FMHI expense ratio

0.35%

HYMB expense ratio

Pair scorecard

HYMB costs 0.35 points a year less; their one-year returns differ by 0.9 points; HYMB is 3.8 times larger.

FMHI vs HYMB: Differences, Returns & Fees
Measure	FMHI	HYMB
Return
Measure	FMHI	HYMB
Total return, 1 year	−0.1%	−1.0%
Drawdown
Measure	FMHI	HYMB
Below its high	4.0%, high on Jul 2, 2026	4.7%, high on Jul 2, 2026
Benchmark
Measure	FMHI	HYMB
What it tracks	No index, actively managed	ICE US Select High Yield Crossover Municipal Index
Cost and size
Measure	FMHI	HYMB
Expense ratio	0.70%	0.35%
Net assets, as of Oct 27, 2026	$1.0bn	$3.8bn
Holdings
Measure	FMHI	HYMB
Holdings in common	9%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Nov 10, 2017 to Oct 23, 2026 · 467 weekly returns

FMHI HYMB

Return

Total return edge FMHI +26.5% +22.7%

Annualized edge FMHI +2.6% +2.3%

Price return edge FMHI −8.7% −14.1%

Risk

Volatility edge FMHI 6.8% 10.4%

Max drawdown edge FMHI −18.4% −22.5%

Risk-adjusted

Sharpe edge FMHI (slight) 0.02 0.01

Sortino edge FMHI 0.02 0.01

Calmar edge FMHI 0.14 0.10

Reading

FMHI returned more: +26.5% to +22.7%. FMHI swung less: 6.8% to 10.4%. FMHI fell less at its worst: −18.4% to −22.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FMHI vs HYMB: Differences, Returns & Fees
Measure	FMHI	HYMB	Edge	How it is measured
Return
Total return	+26.5%	+22.7%	FMHI	Price change plus distributions, reinvested.
Annualized	+2.6%	+2.3%	FMHI	Total return as a yearly rate.
Price return	−8.7%	−14.1%	FMHI	Price change alone, distributions left out.
Risk
Volatility	6.8%	10.4%	FMHI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	5.5%	7.7%	FMHI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−18.4%	−22.5%	FMHI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.02	0.01	FMHI (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.02	0.01	FMHI	Return above Treasury bills per unit of downside deviation.
Calmar	0.14	0.10	FMHI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 467 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FMHI and HYMB hold 9% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

9% in common

Positions both hold · largest shared weight first FMHI HYMB

PR PRC 4 07/01/2041, due Jul 1, 2041 0.41% 0.63%

OH BUCGEN 5 06/01/2055, due Jun 1, 2055 0.32% 1.25%

WI PUBGEN 5 06/01/2041, due Jun 1, 2041 0.35% 0.28%

PR PRCUTL 5 07/01/2047, due Jul 1, 2047 0.58% 0.28%

PR PRC 4 07/01/2035, due Jul 1, 2035 0.30% 0.27%

PR PRCGEN 4.33 07/01/2040, due Jul 1, 2040 0.58% 0.25%

VA POWDEV 6.12 09/01/2060, due Sep 1, 2060 0.25% 0.21%

AR ARSDEV 5.45 09/01/2052, due Sep 1, 2052 0.41% 0.21%

AR ARSDEV 7 07/01/2048, due Jul 1, 2048 0.22% 0.20%

PR PRC 4 07/01/2033, due Jul 1, 2033 0.29% 0.16%

TX HOUAPT 5.5 07/15/2037, due Jul 15, 2037 0.16% 0.23%

NC NCSMED 5.25 11/01/2046, due Nov 1, 2046 0.21% 0.16%

Only in one fund ↓

Only in FMHI

IL CHITRN 5.5 01/01/2048, due Jan 1, 2048 0.58%

AL MOBPOL 4.75 12/01/2054, due Dec 1, 2054 0.56%

AL MOBPOL 06/01/2034, due Jun 1, 2034 0.50%

NY NYCUTL 06/15/2041, due Jun 15, 2041 0.47%

OH COLAPT 5.5 01/01/2050, due Jan 1, 2050 0.39%

GA MAIUTL 09/01/2053, due Sep 1, 2053 0.39%

MD MDSMED 5.25 07/01/2050, due Jul 1, 2050 0.38%

NH NHSMED 5.5 08/01/2050, due Aug 1, 2050 0.37%

Only in HYMB

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 2.49%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 1.52%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2053 0.61%

PUERTO RICO CMWLTH, due Jul 1, 2046 0.54%

NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE, due Nov 15, 2044 0.46%

MET PIER & EXPOSITION AUTH IL REVENUE, due Dec 15, 2042 0.43%

CHICAGO IL BRD OF EDU, due Dec 1, 2047 0.34%

MATCHING FUND SPL PURPOSE SECURITIZTN CORP, due Oct 1, 2039 0.33%

Check overlap with more funds →

Side by side

FMHI First Trust Municipal High Income ETF HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

Where it sits Bond ETF Bond ETF

Issuer First Trust State Street

What it is Actively managed Tracks an index of Nuveen ICE High Yield Municipal Bond

Total return, 1 year −0.1% −1.0%

Its benchmark over the same days not measured −1.4% (AGG)

Gap to its benchmark not measured +0.4 pts vs AGG

Expense ratio 0.70% 0.35%

Holdings 766 2105

Net assets, as of Oct 27, 2026 $1.0bn $3.8bn

FMHI and HYMB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-A83266519C

FMHI and HYMB are built for the same job. How do they differ in cost, holdings and results?

What each follows. FMHI follows No index, actively managed and HYMB follows ICE US Select High Yield Crossover Municipal Index.
Holdings in common. 9% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
Cost. FMHI charges 0.70% of assets a year and HYMB 0.35%, a gap of 0.35 points.

Data as of Oct 28, 2026.

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About each fund

FMHI

FMHI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −0.1% with distributions reinvested. The prospectus expense ratio is 0.70% a year. It sat 4.0% below its high of Jul 2, 2026 on Oct 28, 2026.

HYMB

HYMB tracks an index of Nuveen ICE High Yield Municipal Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year. It sat 4.7% below its high of Jul 2, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FMHI or HYMB?: In the year to Oct 28, 2026, with distributions reinvested, FMHI returned −0.1% and HYMB −1.0%.
Which is cheaper, FMHI or HYMB?: HYMB is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FMHI vs HYD FMHI vs HIMU CGHM vs FMHI HIMU vs HYMB CGHM vs HYMB HYD vs HYMB HYMB vs VTEB HYMB vs MUB

Where to next

FMHI on its own →HYMB on its own →Hold both: look the portfolio through →Rankings →FMHI dividend history →FMHI holdings →HYMB dividend history →HYMB holdings →Standards and sources →

Sources and dates

FMHI filings on SEC EDGAR ↗

FMHI prospectus with the expense ratio (SEC) ↗

First Trust page for FMHI ↗

HYMB filings on SEC EDGAR ↗

HYMB prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FMHI against HYMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/fmhi-vs-hymb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.