FMHI vs RAAX

Comparison between FIRST TRUST MUNICIPAL HIGH INCOME ETF (FMHI, ETF) and VANECK REAL ASSETS ETF (RAAX, ETF).

5-Year PerformanceRAAX has outperformed FMHI, delivering a return of +13.4% compared to +0.8%

FMHI vs RAAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMHI(ETF)	RAAX(ETF)
Net Assets	$976M	$970M
Expense Ratio	0.49%	0.69%
Max Drawdown	22.72%	35.22%
Sharpe Ratio	1.45	1.65
5Y Beta	0.01	0.45
5Y Dividends CAGR	4.06%	-10.12%

Net Assets

Winner

FMHI

$976M

RAAX

$970M

Expense Ratio

Winner

FMHI

0.49%

RAAX

0.69%

Max Drawdown

Winner

FMHI

22.72%

RAAX

35.22%

Sharpe Ratio

FMHI

1.45

Winner

RAAX

1.65

5Y Beta

Winner

FMHI

0.01

RAAX

0.45

5Y Dividends CAGR

Winner

FMHI

4.06%

RAAX

-10.12%

FMHI vs RAAX - Historical Returns

Returns include dividend reinvestment.

Period	FMHI	RAAX
1 month	+1.67%	-3.36%
3 months	+2.60%	+2.70%
6 months	+3.23%	+13.99%
1 year	+8.04%	+30.48%
5 years(CAGR)	+0.81%	+13.43%
10 years(CAGR)	+3.23%	+9.19%
Max(CAGR)	+3.23%	+9.19%

Winner

FMHI

+1.67%

RAAX

-3.36%

FMHI

+2.60%

Winner

RAAX

+2.70%

FMHI

+3.23%

Winner

RAAX

+13.99%

FMHI

+8.04%

Winner

RAAX

+30.48%

5Y(CAGR)

FMHI

+0.81%

Winner

RAAX

+13.43%

10Y(CAGR)

FMHI

+3.23%

Winner

RAAX

+9.19%

Max(CAGR)

FMHI

+3.23%

Winner

RAAX

+9.19%

FMHI vs RAAX - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	FMHI	RAAX
2026	+2.85%	+13.86%
2025	+3.38%	+23.89%
2024	+5.52%	+11.77%
2023	+7.03%	+7.76%
2022	-14.59%	+1.33%
2021	+7.78%	+20.67%
2020	+3.92%	-8.43%
2019	+10.38%	+6.13%
2018	+2.32%	-2.41%
2017	+1.08%	N/A

FMHI vs RAAX Drawdown Comparison

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

The maximum drawdown for RAAX was -33.91%, occurring on Mar 18, 2020. Recovery took 265 trading sessions.

The current FMHI drawdown is -0.01%. The current RAAX drawdown is -5.74%.

Rank	FMHI	RAAX
#1	-18.83% Dec 30, 2021 - Jan 7, 2026	-33.91% Feb 21, 2020 - Mar 11, 2021
#2	-16.66% Mar 6, 2020 - Dec 17, 2020	-23.55% Apr 18, 2022 - Apr 8, 2024
#3	-2.35% Feb 26, 2026 - May 28, 2026	-11.59% Apr 2, 2025 - Jun 2, 2025
#4	-1.96% Jul 19, 2021 - Dec 30, 2021	-8.68% May 22, 2018 - Jan 3, 2020
#5	-1.92% Feb 12, 2021 - Apr 8, 2021	-7.93% Nov 9, 2021 - Feb 25, 2022
#6	-1.83% Aug 31, 2018 - Dec 26, 2018	-7.18% Jun 10, 2021 - Oct 11, 2021
#7	-1.76% Feb 22, 2018 - May 7, 2018	-7.17% May 11, 2026 - Jun 10, 2026
#8	-1.73% Jan 3, 2018 - Feb 22, 2018	-7.15% Nov 22, 2024 - Feb 10, 2025
#9	-1.40% Aug 30, 2019 - Oct 8, 2019	-6.62% Mar 2, 2026 - Apr 30, 2026
#10	-1.02% Dec 7, 2017 - Jan 3, 2018	-6.32% Jan 29, 2026 - Feb 11, 2026
#11	-0.80% Oct 8, 2019 - Nov 26, 2019	-5.37% Mar 8, 2022 - Mar 23, 2022
#12	-0.62% Apr 11, 2019 - Apr 18, 2019	-4.86% Jul 16, 2024 - Aug 26, 2024
#13	-0.59% Jul 31, 2018 - Aug 13, 2018	-4.78% Mar 15, 2021 - Apr 15, 2021
#14	-0.52% May 7, 2018 - May 25, 2018	-4.75% Apr 11, 2024 - May 17, 2024
#15	-0.49% Aug 23, 2018 - Aug 31, 2018	-4.30% Feb 19, 2025 - Mar 20, 2025