FMHI vs HTAX
First Trust Municipal High Income ETF against Nomura National High-Yield Municipal Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
5%
26 shared positions
Fee gap
21 bp
HTAX is cheaper
1-year return gap
0.0 pts
HTAX is ahead
Larger fund
FMHI
$1.0B
Side by side
| FMHI | HTAX | |
|---|---|---|
| Fund | First Trust Municipal High Income ETF | Nomura National High-Yield Municipal Bond ETF |
| Issuer | First Trust | Nomura |
| Category | High Yield Muni | High Yield Muni |
| Expense ratio | 0.70% | 0.49% |
| Assets | $1.0B | $58M |
| Average daily dollar volume | $17M | $1.9M |
| Listed | Nov 1, 2017 | Mar 5, 2025 |
| FrenzyCap score | 55 | 38 |
| 1-month return | −1.8% | −2.1% |
| 3-month return | −4.4% | −5.1% |
| Year to date | −5.3% | −4.9% |
| 1-year return | −5.9% | −5.9% |
| 30-day volatility | 8.2% | 8.6% |
| Worst drawdown, 1 year | −8.5% | −9.3% |
| Trailing 12-month yield | 4.63% | 4.82% |
| Holdings | 767 | 216 |
| Top 10 weight | 5.7% | 12.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$53M thru Jul 2026 | +$2.4M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
5% of FMHI · 13% of HTAX| Holding | FMHI | HTAX |
|---|---|---|
| MOBILE CNTY AL INDL DEV AUTH SOL WST DISP 5%, due 06/01/2054 | 0.45% | 0.52% |
| ARKANSAS DEV FIN AUTH ENVIRONMENTAL REV 5.45%, due 09/01/2052 | 0.38% | 0.44% |
| PUB FIN AUTH WI TAX INCREMENT REV 5%, due 06/01/2041 | 0.38% | 0.44% |
| AEROTROPOLIS REGL TRANPRTN AUTH CO 5.50%, due 12/01/2044 | 0.32% | 0.88% |
| MARICOPA CNTY INDL DEV AUTH 4%, due 10/15/2047 | 0.32% | 0.76% |
| TULSA OK MUNI ARPT TRUST TTEES 6.25%, due 12/01/2040 | 0.32% | 0.46% |
| BUCKEYE OH TOBACCO SETTLEMENT FING AUTH 5%, due 06/01/2055 | 0.30% | 1.01% |
| WYANDOTTE CNTY KS KANSAS CITY UNIF GOVT 5.50%, due 03/01/2046 | 0.23% | 0.43% |
| NEW YORK ST TRANSPRTN DEV CORP 4.375%, due 10/01/2045 | 0.22% | 0.79% |
| BLACK BELT ENERGY GAS DIST AL 5%, due 10/01/2035 | 0.20% | 0.90% |
| BLACK DESERT PUB INFRASTRUCTURE DIST UT 5.625%, due 12/01/2053 | 0.19% | 0.26% |
| LOUISIANA PUB FACS AUTH REVENUE 6%, due 06/15/2059 | 0.19% | 0.17% |
| CLACKAMAS CNTY OR HOSP FAC AUTH 5.375%, due 11/15/2055 | 0.29% | 0.17% |
| MOBILE CNTY AL INDL DEV AUTH 4.75%, due 12/01/2054 | 0.17% | 0.73% |
| MASSACHUSETTS ST DEV FIN AGY 6.50%, due 07/15/2060 | 0.14% | 0.35% |
| UTAH CITY WEST PUBLIC INFRASTR DIST 1 UT 5.875%, due 12/01/2055 | 0.12% | 0.35% |
| ARKANSAS DEV FIN AUTH ENVIRONMENTAL REV 5.70%, due 05/01/2053 | 0.10% | 0.53% |
| ARKANSAS ST DEV FIN AUTH INDL DEV REV Variable rate, due 07/01/2056 | 0.10% | 0.45% |
| CALIFORNIA ST MUNI FIN AUTH CHRT SCH 5%, due 07/01/2038 | 0.10% | 0.52% |
| CONNECTICUT ST HLTH & EDUCTNL FACS AUTH 6.25%, due 12/15/2053 | 0.10% | 0.52% |
| MONTGOMERY CNTY PA INDL DEV AUTH 5%, due 12/01/2046 | 0.10% | 0.26% |
| NEW YORK ST TRANSPRTN DEV CORP 6%, due 06/30/2054 | 0.10% | 0.45% |
| APPLE VY MN SENIOR HSG REVENUE 5%, due 09/01/2043 | 0.09% | 0.51% |
| ARIZONA ST INDL DEV AUTH EDU REV 5.50%, due 07/01/2056 | 0.09% | 0.42% |
| HOUSTON TX ARPT SYS REVENUE 4%, due 07/15/2041 | 0.09% | 0.57% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FMHI holdings · HTAX holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.