FMHI vs QLC

Comparison between FIRST TRUST MUNICIPAL HIGH INCOME ETF (FMHI, ETF) and FLEXSHARES US QUALITY LARGE CAP INDEX FUND (QLC, ETF).

5-Year PerformanceQLC has outperformed FMHI, delivering a return of +15.0% compared to +0.8%

FMHI vs QLC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMHI(ETF)	QLC(ETF)
Net Assets	$976M	$982M
Expense Ratio	0.49%	0.25%
Max Drawdown	22.72%	36.20%
Sharpe Ratio	1.35	1.84
5Y Beta	0.01	0.97
P/E Ratio	N/A	23.92
Forward P/E	N/A	18.39
PEG Ratio	N/A	0.50
5Y Dividends CAGR	4.06%	8.69%
5Y EPS CAGR	N/A	24.59%
Debt to Equity	N/A	62.56%
P/S Ratio	N/A	2.47
P/B Ratio	N/A	4.55

Net Assets

FMHI

$976M

Winner

QLC

$982M

Expense Ratio

FMHI

0.49%

Winner

QLC

0.25%

Max Drawdown

Winner

FMHI

22.72%

QLC

36.20%

Sharpe Ratio

FMHI

1.35

Winner

QLC

1.84

5Y Beta

Winner

FMHI

0.01

QLC

0.97

P/E Ratio

FMHI

N/A

QLC

23.92

Forward P/E

FMHI

N/A

QLC

18.39

PEG Ratio

FMHI

N/A

QLC

0.50

5Y Dividends CAGR

FMHI

4.06%

Winner

QLC

8.69%

5Y EPS CAGR

FMHI

N/A

QLC

24.59%

Debt to Equity

FMHI

N/A

QLC

62.56%

P/S Ratio

FMHI

N/A

QLC

2.47

P/B Ratio

FMHI

N/A

QLC

4.55

FMHI vs QLC - Historical Returns

Returns include dividend reinvestment.

Period	FMHI	QLC
1 month	+1.62%	-0.37%
3 months	+2.55%	+12.73%
6 months	+3.16%	+8.51%
1 year	+7.99%	+29.37%
5 years(CAGR)	+0.83%	+15.02%
10 years(CAGR)	+3.22%	+14.67%
Max(CAGR)	+3.22%	+14.25%

Winner

FMHI

+1.62%

QLC

-0.37%

FMHI

+2.55%

Winner

QLC

+12.73%

FMHI

+3.16%

Winner

QLC

+8.51%

FMHI

+7.99%

Winner

QLC

+29.37%

5Y(CAGR)

FMHI

+0.83%

Winner

QLC

+15.02%

10Y(CAGR)

FMHI

+3.22%

Winner

QLC

+14.67%

Max(CAGR)

FMHI

+3.22%

Winner

QLC

+14.25%

FMHI vs QLC - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	FMHI	QLC
2026	+2.80%	+9.11%
2025	+3.38%	+23.48%
2024	+5.52%	+27.44%
2023	+7.03%	+26.53%
2022	-14.59%	-17.48%
2021	+7.78%	+30.21%
2020	+3.92%	+12.92%
2019	+10.38%	+24.18%
2018	+2.32%	-8.57%
2017	+1.08%	+20.99%
2016	N/A	+11.09%
2015	N/A	+5.64%

FMHI vs QLC Drawdown Comparison

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

The maximum drawdown for QLC was -35.85%, occurring on Mar 23, 2020. Recovery took 133 trading sessions.

The current FMHI drawdown is -0.06%. The current QLC drawdown is -2.34%.

Rank	FMHI	QLC
#1	-18.83% Dec 30, 2021 - Jan 7, 2026	-35.85% Feb 12, 2020 - Aug 25, 2020
#2	-16.66% Mar 6, 2020 - Dec 17, 2020	-23.81% Dec 29, 2021 - Dec 8, 2023
#3	-2.35% Feb 26, 2026 - May 28, 2026	-20.68% Sep 21, 2018 - Nov 7, 2019
#4	-1.96% Jul 19, 2021 - Dec 30, 2021	-18.49% Feb 19, 2025 - Jun 24, 2025
#5	-1.92% Feb 12, 2021 - Apr 8, 2021	-12.06% Nov 5, 2015 - Jul 13, 2016
#6	-1.83% Aug 31, 2018 - Dec 26, 2018	-9.44% Sep 2, 2020 - Nov 13, 2020
#7	-1.76% Feb 22, 2018 - May 7, 2018	-9.23% Jan 26, 2018 - Aug 7, 2018
#8	-1.73% Jan 3, 2018 - Feb 22, 2018	-8.84% Feb 9, 2026 - Apr 14, 2026
#9	-1.40% Aug 30, 2019 - Oct 8, 2019	-8.41% Jul 16, 2024 - Sep 19, 2024
#10	-1.02% Dec 7, 2017 - Jan 3, 2018	-6.15% Apr 24, 2017 - Sep 12, 2017
#11	-0.80% Oct 8, 2019 - Nov 26, 2019	-5.85% Aug 30, 2021 - Oct 28, 2021
#12	-0.62% Apr 11, 2019 - Apr 18, 2019	-5.42% Mar 28, 2024 - May 14, 2024
#13	-0.59% Jul 31, 2018 - Aug 13, 2018	-5.27% Sep 8, 2016 - Nov 15, 2016
#14	-0.52% May 7, 2018 - May 25, 2018	-4.88% Jan 4, 2017 - Mar 1, 2017
#15	-0.49% Aug 23, 2018 - Aug 31, 2018	-4.40% Feb 12, 2021 - Mar 11, 2021

Correlation

Correlation between FMHI and QLC is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2015 - 2026)

FMHI vs QLC dividend yield comparison.

Year	FMHI	QLC
2026	1.81%	0.41%
2025	4.16%	0.94%
2024	4.01%	1.03%
2023	3.89%	1.26%
2022	3.57%	1.46%
2021	2.87%	0.96%
2020	3.13%	1.40%
2019	3.33%	1.91%
2018	3.46%	1.82%
2017	0.30%	1.29%
2016	0.00%	1.80%
2015	0.00%	0.64%