FMHI vs MMD
First Trust Municipal High Income ETF against NYLIM MacKay DefinedTerm Muni Opportunities Fund: cost, size, returns, what they hold and how much of it is the same.
Fee gap
—
same fee
1-year return gap
2.5 pts
FMHI is ahead
Larger fund
FMHI
$1.0B
Side by side
| FMHI | MMD | |
|---|---|---|
| Fund | First Trust Municipal High Income ETF | NYLIM MacKay DefinedTerm Muni Opportunities Fund |
| Issuer | First Trust | New York Life |
| Category | High Yield Muni | High Yield Muni |
| Expense ratio | 0.70% | — |
| Assets | $1.0B | $260M |
| Average daily dollar volume | $17M | $1.5M |
| Listed | Nov 1, 2017 | Jun 27, 2012 |
| FrenzyCap score | 55 | 45 |
| 1-month return | −1.8% | −1.9% |
| 3-month return | −4.4% | −7.7% |
| Year to date | −5.3% | −6.9% |
| 1-year return | −5.9% | −8.4% |
| 30-day volatility | 8.2% | 21.4% |
| Worst drawdown, 1 year | −8.5% | −15.2% |
| Trailing 12-month yield | 4.63% | — |
| Holdings | 767 | — |
| Top 10 weight | 5.7% | — |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$53M thru Jul 2026 | — |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 20, 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.
More: full overlap table · FMHI holdings · MMD 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.