AFMC vs MHF

Comparison between FIRST TRUST ACTIVE FACTOR MID CAP ETF (AFMC, ETF) and Western Asset Municipal High Income Fund Inc (MHF, ETF).

5-Year PerformanceAFMC has outperformed MHF, delivering a return of +10.7% compared to +1.4%

AFMC vs MHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AFMC(ETF)	MHF(ETF)
Net Assets	$162M	$153M
Expense Ratio	0.68%	N/A
Max Drawdown	42.14%	35.92%
Sharpe Ratio	1.50	0.22
5Y Beta	0.91	0.19
P/E Ratio	21.12	N/A
Forward P/E	14.44	N/A
5Y Dividends CAGR	11.51%	10.43%
5Y EPS CAGR	18.32%	N/A
Debt to Equity	21.31%	N/A
P/S Ratio	1.28	N/A
P/B Ratio	2.64	N/A

Net Assets

Winner

AFMC

$162M

MHF

$153M

Expense Ratio

AFMC

0.68%

MHF

N/A

Max Drawdown

AFMC

42.14%

Winner

MHF

35.92%

Sharpe Ratio

Winner

AFMC

1.50

MHF

0.22

5Y Beta

AFMC

0.91

Winner

MHF

0.19

P/E Ratio

AFMC

21.12

MHF

N/A

Forward P/E

AFMC

14.44

MHF

N/A

5Y Dividends CAGR

Winner

AFMC

11.51%

MHF

10.43%

5Y EPS CAGR

AFMC

18.32%

MHF

N/A

Debt to Equity

AFMC

21.31%

MHF

N/A

P/S Ratio

AFMC

1.28

MHF

N/A

P/B Ratio

AFMC

2.64

MHF

N/A

AFMC vs MHF - Historical Returns

Returns include dividend reinvestment.

Period	AFMC	MHF
1 month	+4.31%	+0.35%
3 months	+15.40%	+1.36%
6 months	+16.76%	+1.98%
1 year	+30.44%	+4.71%
5 years(CAGR)	+10.70%	+1.38%
10 years(CAGR)	N/A	+2.59%
Max(CAGR)	+12.65%	+4.94%

Winner

AFMC

+4.31%

MHF

+0.35%

Winner

AFMC

+15.40%

MHF

+1.36%

Winner

AFMC

+16.76%

MHF

+1.98%

Winner

AFMC

+30.44%

MHF

+4.71%

5Y(CAGR)

Winner

AFMC

+10.70%

MHF

+1.38%

10Y(CAGR)

AFMC

N/A

MHF

+2.59%

Max(CAGR)

Winner

AFMC

+12.65%

MHF

+4.94%

AFMC vs MHF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AFMC	MHF
2026	+16.81%	+3.25%
2025	+10.17%	+5.62%
2024	+19.44%	+11.13%
2023	+21.77%	+3.08%
2022	-15.39%	-17.27%
2021	+27.68%	+10.73%
2020	+6.00%	+2.74%
2019	+2.57%	+11.83%
2018	N/A	-2.40%
2017	N/A	+7.69%
2016	N/A	-4.81%
2015	N/A	+6.80%
2014	N/A	+20.30%
2013	N/A	-12.41%
2012	N/A	+6.95%
2011	N/A	+16.94%
2010	N/A	+3.58%
2009	N/A	+18.79%
2008	N/A	-6.14%
2007	N/A	-3.49%
2006	N/A	+15.59%
2005	N/A	+6.05%
2004	N/A	-0.82%
2003	N/A	+9.44%
2002	N/A	-2.15%
2001	N/A	+2.25%
2000	N/A	+21.56%
1999	N/A	-5.06%

AFMC vs MHF Drawdown Comparison

The maximum drawdown for AFMC was -42.14%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.

The maximum drawdown for MHF was -29.95%, occurring on Oct 6, 2008. Recovery took 412 trading sessions.

The current MHF drawdown is -5.37%.

Rank	AFMC	MHF
#1	-42.14% Feb 20, 2020 - Dec 4, 2020	-29.95% Jul 9, 2008 - Feb 26, 2010
#2	-25.41% Nov 16, 2021 - Dec 14, 2023	-26.72% Oct 25, 2021 - Feb 19, 2025
#3	-21.99% Nov 25, 2024 - Sep 11, 2025	-24.97% Feb 25, 2020 - Jan 26, 2021
#4	-8.20% Feb 20, 2026 - Apr 13, 2026	-24.71% Sep 26, 2012 - Dec 2, 2015
#5	-7.78% Mar 28, 2024 - May 15, 2024	-14.28% May 12, 2016 - Sep 19, 2017
#6	-7.38% Jul 31, 2024 - Aug 23, 2024	-14.13% Sep 28, 2010 - Sep 9, 2011
#7	-6.65% Jun 8, 2021 - Aug 11, 2021	-13.32% Mar 25, 2025 - Sep 19, 2025
#8	-6.39% Mar 15, 2021 - Apr 12, 2021	-13.25% Nov 12, 1999 - Jul 5, 2000
#9	-6.18% Sep 18, 2025 - Dec 4, 2025	-12.46% May 10, 2007 - May 30, 2008
#10	-5.28% Aug 30, 2024 - Sep 19, 2024	-11.92% Aug 24, 2001 - Jun 13, 2003
#11	-5.20% May 15, 2024 - Jul 16, 2024	-10.85% Mar 23, 2004 - May 26, 2005
#12	-5.15% Sep 2, 2021 - Nov 1, 2021	-9.99% Sep 19, 2017 - May 23, 2019
#13	-5.13% May 7, 2021 - Jun 8, 2021	-9.96% Sep 19, 2025 - Mar 27, 2026
#14	-5.12% Feb 24, 2021 - Mar 10, 2021	-9.23% Feb 27, 2012 - May 1, 2012
#15	-4.42% Jan 22, 2021 - Feb 5, 2021	-8.80% Jul 1, 2021 - Oct 25, 2021

Correlation

Correlation between AFMC and MHF is 0.77 which considered as a strong positive correlation - the stocks tend to move together.

0.77

-101

Dividend Comparison (1999 - 2026)

AFMC vs MHF dividend yield comparison.

Year	AFMC	MHF
2026	0.14%	2.46%
2025	0.96%	5.93%
2024	0.64%	5.65%
2023	0.87%	3.78%
2022	1.42%	3.72%
2021	0.84%	3.23%
2020	1.05%	3.75%
2019	0.29%	4.02%
2018	0.00%	4.42%
2017	0.00%	4.14%
2016	0.00%	4.53%
2015	0.00%	4.45%
2014	0.00%	4.73%
2013	0.00%	5.59%
2012	0.00%	5.13%
2011	0.00%	5.57%
2010	0.00%	6.14%
2009	0.00%	5.98%
2008	0.00%	6.66%
2007	0.00%	5.66%
2006	0.00%	4.92%
2005	0.00%	6.10%
2004	0.00%	7.38%
2003	0.00%	7.22%
2002	0.00%	7.46%
2001	0.00%	7.17%
2000	0.00%	7.16%
1999	0.00%	1.34%