FCVT vs NMI

Comparison between FIRST TRUST SSI STRATEGIC CONVERTIBLE SECURITIES ETF (FCVT, ETF) and Nuveen Municipal Income Fund (NMI, ETF).

5-Year PerformanceFCVT has outperformed NMI, delivering a return of +6.1% compared to +2.5%

FCVT vs NMI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FCVT(ETF)	NMI(ETF)
Net Assets	$121M	$120M
Expense Ratio	0.95%	N/A
Max Drawdown	47.09%	37.13%
Sharpe Ratio	1.27	0.69
5Y Beta	0.69	0.08
5Y Dividends CAGR	-6.37%	4.68%

Net Assets

Winner

FCVT

$121M

NMI

$120M

Expense Ratio

FCVT

0.95%

NMI

N/A

Max Drawdown

FCVT

47.09%

Winner

NMI

37.13%

Sharpe Ratio

Winner

FCVT

1.27

NMI

0.69

5Y Beta

FCVT

0.69

Winner

NMI

0.08

5Y Dividends CAGR

FCVT

-6.37%

Winner

NMI

4.68%

FCVT vs NMI - Historical Returns

Returns include dividend reinvestment.

Period	FCVT	NMI
1 month	-7.07%	+3.22%
3 months	+4.17%	-0.96%
6 months	+11.65%	+10.12%
1 year	+29.27%	+14.60%
5 years(CAGR)	+6.09%	+2.52%
10 years(CAGR)	+11.47%	+2.19%
Max(CAGR)	+10.86%	+4.82%

FCVT

-7.07%

Winner

NMI

+3.22%

Winner

FCVT

+4.17%

NMI

-0.96%

Winner

FCVT

+11.65%

NMI

+10.12%

Winner

FCVT

+29.27%

NMI

+14.60%

5Y(CAGR)

Winner

FCVT

+6.09%

NMI

+2.52%

10Y(CAGR)

Winner

FCVT

+11.47%

NMI

+2.19%

Max(CAGR)

Winner

FCVT

+10.86%

NMI

+4.82%

FCVT vs NMI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FCVT	NMI
2026	+16.59%	+11.31%
2025	+20.22%	+9.47%
2024	+13.11%	+6.56%
2023	+7.56%	-1.27%
2022	-20.95%	-15.15%
2021	+4.81%	+4.22%
2020	+49.75%	+4.89%
2019	+22.39%	+14.75%
2018	-2.62%	-8.06%
2017	+13.40%	+7.78%
2016	+8.21%	-3.15%
2015	-1.96%	+5.68%
2014	N/A	+23.72%
2013	N/A	-13.55%
2012	N/A	+10.45%
2011	N/A	+18.12%
2010	N/A	-0.83%
2009	N/A	+18.46%
2008	N/A	-4.73%
2007	N/A	+3.15%
2006	N/A	+8.62%
2005	N/A	+10.00%
2004	N/A	+8.28%
2003	N/A	+2.33%
2002	N/A	-3.31%
2001	N/A	+0.15%
2000	N/A	+16.51%
1999	N/A	-3.48%

FCVT vs NMI Drawdown Comparison

The maximum drawdown for FCVT was -31.85%, occurring on Oct 27, 2023. Recovery took 1149 trading sessions.

The maximum drawdown for NMI was -28.92%, occurring on Oct 24, 2022. Recovery took 890 trading sessions.

The current FCVT drawdown is -7.07%. The current NMI drawdown is -2.72%.

Rank	FCVT	NMI
#1	-31.85% Feb 12, 2021 - Sep 11, 2025	-28.92% Dec 21, 2021 - Jul 11, 2025
#2	-29.90% Feb 19, 2020 - Jun 8, 2020	-22.57% Mar 13, 2013 - Dec 11, 2014
#3	-20.07% Apr 20, 2016 - Oct 5, 2017	-20.89% May 30, 2008 - Apr 27, 2009
#4	-14.24% Sep 4, 2018 - Mar 21, 2019	-19.97% Mar 5, 2020 - Mar 30, 2020
#5	-12.97% Nov 17, 2015 - Apr 20, 2016	-18.02% Apr 7, 2017 - Aug 15, 2019
#6	-9.71% Jun 22, 2026 - Jul 16, 2026	-17.54% Aug 29, 2001 - May 20, 2003
#7	-8.47% Jan 28, 2026 - Apr 9, 2026	-16.27% Oct 11, 2016 - Apr 7, 2017
#8	-8.16% Sep 1, 2020 - Oct 12, 2020	-15.15% Nov 5, 2010 - Sep 30, 2011
#9	-7.44% Nov 3, 2025 - Jan 6, 2026	-13.50% Mar 19, 2004 - Jan 24, 2005
#10	-6.84% Jan 23, 2018 - Mar 9, 2018	-13.10% Mar 30, 2020 - Aug 31, 2020
#11	-6.79% Jun 2, 2026 - Jun 22, 2026	-12.93% May 6, 2015 - Dec 22, 2015
#12	-5.09% Oct 13, 2020 - Nov 5, 2020	-11.67% May 22, 2003 - Mar 19, 2004
#13	-4.97% Mar 12, 2018 - May 30, 2018	-11.64% Nov 8, 1999 - Feb 16, 2000
#14	-4.70% Jun 8, 2020 - Jun 22, 2020	-11.23% Aug 19, 2005 - Nov 30, 2006
#15	-4.69% Jan 20, 2021 - Feb 4, 2021	-10.96% Apr 21, 2026 - Jun 10, 2026

Correlation

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

0.77

-101

Dividend Comparison (1999 - 2026)

FCVT vs NMI dividend yield comparison.

Year	FCVT	NMI
2026	0.62%	2.46%
2025	1.98%	4.59%
2024	1.30%	4.63%
2023	1.76%	4.04%
2022	3.71%	3.51%
2021	23.07%	3.22%
2020	1.72%	3.53%
2019	1.60%	4.15%
2018	1.85%	5.12%
2017	2.18%	4.21%
2016	1.88%	4.45%
2015	0.59%	4.28%
2014	0.00%	4.53%
2013	0.00%	5.68%
2012	0.00%	4.31%
2011	0.00%	4.94%
2010	0.00%	5.51%
2009	0.00%	4.95%
2008	0.00%	5.31%
2007	0.00%	4.85%
2006	0.00%	4.80%
2005	0.00%	5.14%
2004	0.00%	5.38%
2003	0.00%	5.95%
2002	0.00%	6.08%
2001	0.00%	6.28%
2000	0.00%	6.13%
1999	0.00%	1.14%