FMHI vs PMIO
First Trust Municipal High Income ETF against PGIM Municipal Income Opportunities ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
1%
3 shared positions
Fee gap
45 bp
PMIO is cheaper
1-year return gap
2.0 pts
PMIO is ahead
Larger fund
FMHI
$1.0B
Side by side
| FMHI | PMIO | |
|---|---|---|
| Fund | First Trust Municipal High Income ETF | PGIM Municipal Income Opportunities ETF |
| Issuer | First Trust | PGIM |
| Category | High Yield Muni | High Yield Muni |
| Expense ratio | 0.70% | 0.25% |
| Assets | $1.0B | $48M |
| Average daily dollar volume | $16M | $638K |
| Listed | Nov 1, 2017 | Jun 14, 2024 |
| FrenzyCap score | 54 | 48 |
| 1-month return | −1.6% | −0.5% |
| 3-month return | −5.2% | −2.7% |
| Year to date | −5.2% | −3.2% |
| 1-year return | −5.5% | −3.5% |
| 30-day volatility | 8.2% | 5.3% |
| Worst drawdown, 1 year | −8.5% | −6.8% |
| Trailing 12-month yield | 4.60% | 3.94% |
| Holdings | 768 | 106 |
| Top 10 weight | 5.7% | 22.3% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$53M thru Jul 2026 | +$6.4M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 16, 2026issuer data | as of May 29, 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
1% of FMHI · 4% of PMIO| Holding | FMHI | PMIO |
|---|---|---|
| MAIN STREET NATURAL GAS INC GA Variable rate, due 09/01/2053 | 0.37% | 0.72% |
| NATIONAL FIN AUTH NH SPL REVENUE 6.50%, due 12/01/2034 | 0.20% | 1.88% |
| FLORIDA ST DEV FIN CORP SOL WST DISP REV Variable rate, due 10/01/2054 | 0.10% | 1.04% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FMHI holdings · PMIO 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.