FJP vs MFM

Comparison between FIRST TRUST JAPAN ALPHADEX FUND (FJP, ETF) and MFS Municipal Income Trust (MFM, ETF).

5-Year PerformanceFJP has outperformed MFM, delivering a return of +10.1% compared to -1.1%

FJP vs MFM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FJP(ETF)	MFM(ETF)
Net Assets	$247M	$246M
Expense Ratio	0.80%	N/A
Max Drawdown	43.93%	59.26%
Sharpe Ratio	1.16	0.72
5Y Beta	0.73	0.16
5Y Dividends CAGR	29.60%	-1.90%

Net Assets

Winner

FJP

$247M

MFM

$246M

Expense Ratio

FJP

0.80%

MFM

N/A

Max Drawdown

Winner

FJP

43.93%

MFM

59.26%

Sharpe Ratio

Winner

FJP

1.16

MFM

0.72

5Y Beta

FJP

0.73

Winner

MFM

0.16

5Y Dividends CAGR

Winner

FJP

29.60%

MFM

-1.90%

FJP vs MFM - Historical Returns

Returns include dividend reinvestment.

Period	FJP	MFM
1 month	-1.27%	-0.84%
3 months	-0.65%	-1.41%
6 months	+12.54%	+1.55%
1 year	+31.02%	+11.35%
5 years(CAGR)	+10.15%	-1.06%
10 years(CAGR)	+7.03%	+1.58%
Max(CAGR)	+5.82%	+4.95%

FJP

-1.27%

Winner

MFM

-0.84%

Winner

FJP

-0.65%

MFM

-1.41%

Winner

FJP

+12.54%

MFM

+1.55%

Winner

FJP

+31.02%

MFM

+11.35%

5Y(CAGR)

Winner

FJP

+10.15%

MFM

-1.06%

10Y(CAGR)

Winner

FJP

+7.03%

MFM

+1.58%

Max(CAGR)

Winner

FJP

+5.82%

MFM

+4.95%

FJP vs MFM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FJP	MFM
2026	+10.62%	+2.23%
2025	+33.80%	+6.36%
2024	+6.02%	+7.72%
2023	+23.73%	+4.52%
2022	-12.80%	-21.84%
2021	-0.50%	+9.78%
2020	+2.15%	-1.42%
2019	+7.28%	+16.86%
2018	-18.80%	-5.41%
2017	+26.81%	+8.63%
2016	+4.50%	+1.49%
2015	+5.39%	+8.74%
2014	-0.84%	+13.39%
2013	+28.22%	-14.36%
2012	-4.42%	+14.85%
2011	-9.31%	+18.24%
2010	N/A	+0.65%
2009	N/A	+70.75%
2008	N/A	-36.78%
2007	N/A	-13.70%
2006	N/A	+11.48%
2005	N/A	+9.19%
2004	N/A	+8.26%
2003	N/A	+13.39%
2002	N/A	-1.94%
2001	N/A	+10.39%
2000	N/A	+13.66%
1999	N/A	-7.97%

FJP vs MFM Drawdown Comparison

The maximum drawdown for FJP was -41.51%, occurring on Mar 16, 2020. Recovery took 1551 trading sessions.

The maximum drawdown for MFM was -54.24%, occurring on Dec 16, 2008. Recovery took 759 trading sessions.

The current FJP drawdown is -9.00%. The current MFM drawdown is -9.04%.

Rank	FJP	MFM
#1	-41.51% Jan 23, 2018 - Mar 22, 2024	-54.24% Apr 2, 2007 - Apr 7, 2010
#2	-25.37% Aug 2, 2011 - May 14, 2013	-34.38% Jul 29, 2021 - Oct 27, 2023
#3	-22.46% May 22, 2015 - Mar 13, 2017	-29.37% Feb 14, 2020 - May 6, 2021
#4	-17.02% Mar 25, 2025 - May 21, 2025	-24.74% Oct 1, 2012 - Dec 24, 2015
#5	-16.43% May 21, 2013 - Jan 17, 2014	-15.37% Mar 25, 2004 - Oct 27, 2004
#6	-15.08% Mar 27, 2024 - Feb 18, 2025	-15.26% Oct 29, 2010 - Sep 12, 2011
#7	-14.43% Feb 25, 2026 - Mar 20, 2026	-13.45% Nov 4, 1999 - Jun 2, 2000
#8	-12.64% Jul 28, 2014 - Feb 20, 2015	-12.02% Jul 8, 2016 - Jun 6, 2017
#9	-10.47% Jan 22, 2014 - Jun 18, 2014	-11.92% Sep 17, 2001 - Oct 4, 2002
#10	-7.21% May 10, 2011 - Jul 5, 2011	-11.67% Jul 13, 2017 - Feb 20, 2019
#11	-6.57% Sep 15, 2025 - Nov 10, 2025	-10.96% Aug 31, 2000 - Jan 4, 2001
#12	-4.37% Jun 27, 2025 - Jul 23, 2025	-10.86% Oct 4, 2002 - May 9, 2003
#13	-4.12% Mar 28, 2017 - May 3, 2017	-10.56% Jun 11, 2003 - Jan 6, 2004
#14	-3.98% Nov 14, 2025 - Nov 26, 2025	-9.57% Sep 13, 2005 - Jan 19, 2006
#15	-3.56% Apr 28, 2015 - May 18, 2015	-8.19% Feb 11, 2005 - May 11, 2005

Correlation

Correlation between FJP and MFM is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2000 - 2026)

FJP vs MFM dividend yield comparison.

Year	FJP	MFM
2026	0.15%	2.23%
2025	2.68%	5.08%
2024	3.18%	4.65%
2023	3.49%	4.12%
2022	2.21%	4.85%
2021	2.43%	4.34%
2020	0.99%	4.70%
2019	2.80%	4.71%
2018	1.54%	5.91%
2017	1.29%	5.62%
2016	1.46%	5.72%
2015	0.85%	5.76%
2014	1.08%	6.04%
2013	0.70%	7.08%
2012	1.61%	6.31%
2011	0.62%	7.09%
2010	0.00%	7.86%
2009	0.00%	7.32%
2008	0.00%	11.29%
2007	0.00%	6.82%
2006	0.00%	5.82%
2005	0.00%	6.93%
2004	0.00%	7.10%
2003	0.00%	7.04%
2002	0.00%	7.38%
2001	0.00%	6.92%
2000	0.00%	3.01%