FMHI vs MFLX
First Trust Municipal High Income ETF against First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
7%
41 shared positions
Fee gap
31 bp
FMHI is cheaper
1-year return gap
0.5 pts
FMHI is ahead
Larger fund
FMHI
$1.1B
Side by side
| FMHI | MFLX | |
|---|---|---|
| Fund | First Trust Municipal High Income ETF | First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF |
| Issuer | First Trust | First Trust |
| Category | High Yield Muni | High Yield Muni |
| Expense ratio | 0.70% | 1.01% |
| Assets | $1.1B | $19M |
| Average daily dollar volume | $20M | $100K |
| Listed | Nov 1, 2017 | Sep 27, 2016 |
| FrenzyCap score | 55 | 20 |
| 1-month return | +2.9% | +2.8% |
| 3-month return | −2.8% | −3.1% |
| Year to date | −3.5% | −3.5% |
| 1-year return | −3.6% | −4.1% |
| 30-day volatility | 8.0% | 10.2% |
| Worst drawdown, 1 year | −8.5% | −10.0% |
| Trailing 12-month yield | 4.55% | 4.42% |
| Holdings | 773 | 77 |
| Top 10 weight | 5.6% | 19.6% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$53M thru Jul 2026 | +$842K thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 29, 2026issuer data | as of Oct 29, 2026issuer data |
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
7% of FMHI · 53% of MFLX| Holding | FMHI | MFLX |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP 4.329%, due 07/01/2040 | 0.52% | 1.22% |
| ILLINOIS ST 5.50%, due 03/01/2047 | 0.45% | 1.31% |
| ARKANSAS DEV FIN AUTH ENVIRONMENTAL REV 5.45%, due 09/01/2052 | 0.37% | 0.51% |
| COLUMBUS OH REGL ARPT AUTH REV 5.50%, due 01/01/2050 | 0.36% | 2.61% |
| CHARLOTTE CNTY FL INDL DEV AUTH 4%, due 10/01/2051 | 0.34% | 0.98% |
| MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH 6.25%, due 01/01/2051 | 0.28% | 1.33% |
| NORTH CAROLINA ST MED CARE COMMN 4%, due 03/01/2041 | 0.28% | 1.18% |
| VIRGINIA ST SMALL BUSINESS FIN AUTH 5.50%, due 12/01/2054 | 0.28% | 1.28% |
| PUBLIC FIN AUTH WI TOLL REVENUE 5.75%, due 06/30/2060 | 0.26% | 1.28% |
| SAN ANTONIO TX ARPT SYS REVENUE 5.50%, due 07/01/2051 | 0.26% | 1.31% |
| SUFFOLK REGL OFF-TRACK BETTING CORP NY 5.75%, due 12/01/2044 | 0.19% | 1.30% |
| SKAGIT CNTY WA PUBLIC HOSP DIST 1 5.50%, due 12/01/2054 | 0.18% | 1.50% |
| MET GOVT NASHVILLE & DAVIDSON CNTY TN 6%, due 12/01/2051 | 0.17% | 1.67% |
| INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK 6%, due 03/01/2053 | 0.16% | 1.57% |
| LAKEWOOD RANCH FL STEWARDSHIP DIST 6%, due 05/01/2056 | 0.16% | 1.25% |
| MAIN STREET NATURAL GAS INC GA Variable rate, due 09/01/2052 | 0.16% | 1.28% |
| SAWYERS LANDING CDD FL SPL ASSMNT REV 4.25%, due 05/01/2053 | 0.15% | 1.02% |
| CRANDALL TX SPL ASSMNT REVENUE 4.25%, due 09/15/2041 | 0.13% | 1.18% |
| DALLAS CENTER IA GRIMES CMNTY SCH DIST 3%, due 05/01/2039 | 0.13% | 1.12% |
| OMAHA NE ARPT AUTH 5.50%, due 12/15/2051 | 0.13% | 1.57% |
| RESORT CORE PUBLIC INFRASTRUCTURE DIST 1 UT 5.875%, due 03/01/2057 | 0.13% | 1.20% |
| JOPLIN MO INDL DEV AUTH SALES TAX REV 5.75%, due 05/01/2053 | 0.12% | 1.27% |
| UTAH CITY WEST PUBLIC INFRASTR DIST 1 UT 5.875%, due 12/01/2055 | 0.12% | 1.50% |
| WYANDOTTE CNTY KS KANSAS CITY UNIF GOVT 5.75%, due 09/01/2039 | 0.12% | 1.30% |
| FLORIDA DEV FIN CORP HLTHCARE FACS REV 5%, due 08/01/2047 | 0.11% | 1.25% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FMHI holdings · MFLX 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.