FMHI vs PDEC

Comparison between FIRST TRUST MUNICIPAL HIGH INCOME ETF (FMHI, ETF) and Innovator U.S. Equity Power Buffer ETF - December (PDEC, ETF).

5-Year PerformancePDEC has outperformed FMHI, delivering a return of +8.5% compared to +0.5%

FMHI vs PDEC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMHI(ETF)	PDEC(ETF)
Net Assets	$995M	$984M
Expense Ratio	0.49%	0.79%
Max Drawdown	22.72%	19.31%
Sharpe Ratio	1.65	1.44
5Y Beta	0.01	0.48
5Y Dividends CAGR	4.45%	N/A

Net Assets

Winner

FMHI

$995M

PDEC

$984M

Expense Ratio

Winner

FMHI

0.49%

PDEC

0.79%

Max Drawdown

FMHI

22.72%

Winner

PDEC

19.31%

Sharpe Ratio

Winner

FMHI

1.65

PDEC

1.44

5Y Beta

Winner

FMHI

0.01

PDEC

0.48

5Y Dividends CAGR

FMHI

4.45%

PDEC

N/A

FMHI vs PDEC - Historical Returns

Returns include dividend reinvestment.

Period	FMHI	PDEC
1 month	-0.29%	+0.74%
3 months	+0.90%	+3.94%
6 months	+2.37%	+6.07%
1 year	+8.76%	+14.20%
5 years(CAGR)	+0.52%	+8.51%
10 years(CAGR)	+3.17%	N/A
Max(CAGR)	+3.17%	+8.82%

FMHI

-0.29%

Winner

PDEC

+0.74%

FMHI

+0.90%

Winner

PDEC

+3.94%

FMHI

+2.37%

Winner

PDEC

+6.07%

FMHI

+8.76%

Winner

PDEC

+14.20%

5Y(CAGR)

FMHI

+0.52%

Winner

PDEC

+8.51%

10Y(CAGR)

FMHI

+3.17%

PDEC

N/A

Max(CAGR)

FMHI

+3.17%

Winner

PDEC

+8.82%

FMHI vs PDEC - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	FMHI	PDEC
2026	+2.55%	+6.34%
2025	+3.38%	+13.09%
2024	+5.52%	+9.87%
2023	+7.03%	+17.88%
2022	-14.59%	-6.21%
2021	+7.78%	+10.48%
2020	+3.92%	+8.09%
2019	+10.38%	+1.58%
2018	+2.32%	N/A
2017	+1.08%	N/A

FMHI vs PDEC Drawdown Comparison

The maximum drawdown for FMHI was -18.83%, occurring on Oct 27, 2022. Recovery took 1008 trading sessions.

The maximum drawdown for PDEC was -19.31%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The current FMHI drawdown is -0.91%. The current PDEC drawdown is -0.25%.

Rank	FMHI	PDEC
#1	-18.83% Dec 30, 2021 - Jan 7, 2026	-19.31% Feb 19, 2020 - Aug 5, 2020
#2	-16.66% Mar 6, 2020 - Dec 17, 2020	-11.53% Jan 3, 2022 - May 18, 2023
#3	-2.35% Feb 26, 2026 - May 28, 2026	-10.77% Feb 19, 2025 - Jun 24, 2025
#4	-1.96% Jul 19, 2021 - Dec 30, 2021	-7.90% Jul 31, 2023 - Nov 20, 2023
#5	-1.92% Feb 12, 2021 - Apr 8, 2021	-4.78% Feb 25, 2026 - Apr 14, 2026
#6	-1.83% Aug 31, 2018 - Dec 26, 2018	-2.71% Oct 12, 2020 - Nov 5, 2020
#7	-1.76% Feb 22, 2018 - May 7, 2018	-2.52% Nov 12, 2025 - Nov 25, 2025
#8	-1.73% Jan 3, 2018 - Feb 22, 2018	-2.43% Jul 15, 2024 - Aug 15, 2024
#9	-1.40% Aug 30, 2019 - Oct 8, 2019	-2.06% Dec 6, 2024 - Jan 22, 2025
#10	-1.02% Dec 7, 2017 - Jan 3, 2018	-1.93% Mar 28, 2024 - May 6, 2024
#11	-0.91% Jul 2, 2026 - Jul 21, 2026	-1.88% Jan 21, 2021 - Feb 5, 2021
#12	-0.80% Oct 8, 2019 - Nov 26, 2019	-1.87% Aug 28, 2020 - Oct 9, 2020
#13	-0.62% Apr 11, 2019 - Apr 18, 2019	-1.67% Jun 2, 2026 - Jul 6, 2026
#14	-0.59% Jul 31, 2018 - Aug 13, 2018	-1.60% May 18, 2023 - Jun 1, 2023
#15	-0.52% May 7, 2018 - May 25, 2018	-1.47% Jul 25, 2025 - Aug 8, 2025