FMHI vs SH

Comparison between FIRST TRUST MUNICIPAL HIGH INCOME ETF (FMHI, ETF) and ProShares Short S&P500 -1x Shares (SH, ETF).

5-Year PerformanceFMHI has outperformed SH, delivering a return of +0.8% compared to -8.8%

FMHI vs SH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMHI(ETF)	SH(ETF)
Net Assets	$976M	$981M
Expense Ratio	0.49%	0.89%
Max Drawdown	22.72%	96.05%
Sharpe Ratio	1.45	-1.68
5Y Beta	0.01	-0.97
5Y Dividends CAGR	4.06%	74.36%

Net Assets

FMHI

$976M

Winner

$981M

Expense Ratio

Winner

FMHI

0.49%

0.89%

Max Drawdown

Winner

FMHI

22.72%

96.05%

Sharpe Ratio

Winner

FMHI

1.45

-1.68

5Y Beta

FMHI

0.01

Winner

-0.97

5Y Dividends CAGR

FMHI

4.06%

Winner

74.36%

FMHI vs SH - Historical Returns

Returns include dividend reinvestment.

Period	FMHI	SH
1 month	+1.67%	+0.27%
3 months	+2.60%	-11.22%
6 months	+3.23%	-6.31%
1 year	+8.04%	-15.73%
5 years(CAGR)	+0.81%	-8.76%
10 years(CAGR)	+3.23%	-12.84%
Max(CAGR)	+3.23%	-11.31%

Winner

FMHI

+1.67%

+0.27%

Winner

FMHI

+2.60%

-11.22%

Winner

FMHI

+3.23%

-6.31%

Winner

FMHI

+8.04%

-15.73%

5Y(CAGR)

Winner

FMHI

+0.81%

-8.76%

10Y(CAGR)

Winner

FMHI

+3.23%

-12.84%

Max(CAGR)

Winner

FMHI

+3.23%

-11.31%

FMHI vs SH - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	FMHI	SH
2026	+2.85%	-6.75%
2025	+3.38%	-11.61%
2024	+5.52%	-14.04%
2023	+7.03%	-15.11%
2022	-14.59%	+19.65%
2021	+7.78%	-25.21%
2020	+3.92%	-24.36%
2019	+10.38%	-22.12%
2018	+2.32%	+5.67%
2017	+1.08%	-16.79%
2016	N/A	-13.78%
2015	N/A	-4.31%
2014	N/A	-14.42%
2013	N/A	-23.96%
2012	N/A	-14.45%
2011	N/A	-6.93%
2010	N/A	-15.20%
2009	N/A	-24.87%
2008	N/A	+36.95%
2007	N/A	+1.16%
2006	N/A	-8.42%

FMHI vs SH Drawdown Comparison

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

The maximum drawdown for SH was -94.66%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current FMHI drawdown is -0.01%. The current SH drawdown is -94.56%.

Rank	FMHI	SH
#1	-18.83% Dec 30, 2021 - Jan 7, 2026	-94.66% Mar 9, 2009 - Jun 2, 2026
#2	-16.66% Mar 6, 2020 - Dec 17, 2020	-22.19% Nov 20, 2008 - Mar 2, 2009
#3	-2.35% Feb 26, 2026 - May 28, 2026	-17.15% Oct 27, 2008 - Nov 19, 2008
#4	-1.96% Jul 19, 2021 - Dec 30, 2021	-15.22% Jul 17, 2006 - Jan 18, 2008
#5	-1.92% Feb 12, 2021 - Apr 8, 2021	-11.46% Mar 10, 2008 - Jul 3, 2008
#6	-1.83% Aug 31, 2018 - Dec 26, 2018	-10.82% Oct 10, 2008 - Oct 24, 2008
#7	-1.76% Feb 22, 2018 - May 7, 2018	-7.60% Sep 17, 2008 - Sep 29, 2008
#8	-1.73% Jan 3, 2018 - Feb 22, 2018	-7.32% Jul 15, 2008 - Sep 15, 2008
#9	-1.40% Aug 30, 2019 - Oct 8, 2019	-6.38% Jan 22, 2008 - Mar 7, 2008
#10	-1.02% Dec 7, 2017 - Jan 3, 2018	-3.12% Jun 27, 2006 - Jul 13, 2006
#11	-0.80% Oct 8, 2019 - Nov 26, 2019	-2.77% Sep 29, 2008 - Oct 2, 2008
#12	-0.62% Apr 11, 2019 - Apr 18, 2019	-2.48% Mar 3, 2009 - Mar 5, 2009
#13	-0.59% Jul 31, 2018 - Aug 13, 2018	-1.85% Jul 7, 2008 - Jul 9, 2008
#14	-0.52% May 7, 2018 - May 25, 2018	-1.66% Sep 15, 2008 - Sep 17, 2008
#15	-0.49% Aug 23, 2018 - Aug 31, 2018	-0.65% Jul 9, 2008 - Jul 11, 2008

Correlation

Correlation between FMHI and SH is -0.81 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.81

-101

Dividend Comparison (2006 - 2026)

FMHI vs SH dividend yield comparison.

Year	FMHI	SH
2026	1.81%	0.54%
2025	4.16%	4.49%
2024	4.01%	6.20%
2023	3.89%	5.37%
2022	3.57%	1.08%
2021	2.87%	0.00%
2020	3.13%	0.16%
2019	3.33%	1.76%
2018	3.46%	1.01%
2017	0.30%	0.06%
2008	0.00%	17.52%
2007	0.00%	3.81%
2006	0.00%	1.86%