FMN vs PIFI

Comparison between Federated Hermes Premier Municipal Income Fund (FMN, ETF) and CLEARSHARES PITON INTERMEDIATE FIXED INCOME ETF (PIFI, ETF).

5-Year PerformancePIFI has outperformed FMN, delivering a return of +0.9% compared to -1.8%

FMN vs PIFI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FMN(ETF)	PIFI(ETF)
Net Assets	$98M	$98M
Expense Ratio	N/A	0.45%
Max Drawdown	53.35%	11.71%
Sharpe Ratio	1.19	-0.45
5Y Beta	0.13	0.00
5Y Dividends CAGR	-1.78%	145.68%

Net Assets

Winner

FMN

$98M

PIFI

$98M

Expense Ratio

FMN

N/A

PIFI

0.45%

Max Drawdown

FMN

53.35%

Winner

PIFI

11.71%

Sharpe Ratio

Winner

FMN

1.19

PIFI

-0.45

5Y Beta

FMN

0.13

Winner

PIFI

0.00

5Y Dividends CAGR

FMN

-1.78%

Winner

PIFI

145.68%

FMN vs PIFI - Historical Returns

Returns include dividend reinvestment.

Period	FMN	PIFI
1 month	-0.05%	-0.06%
3 months	+1.12%	-0.68%
6 months	+3.64%	-0.09%
1 year	+12.38%	+2.33%
5 years(CAGR)	-1.83%	+0.93%
10 years(CAGR)	+0.81%	N/A
Max(CAGR)	+4.57%	+0.72%

Winner

FMN

-0.05%

PIFI

-0.06%

Winner

FMN

+1.12%

PIFI

-0.68%

Winner

FMN

+3.64%

PIFI

-0.09%

Winner

FMN

+12.38%

PIFI

+2.33%

5Y(CAGR)

FMN

-1.83%

Winner

PIFI

+0.93%

10Y(CAGR)

FMN

+0.81%

PIFI

N/A

Max(CAGR)

Winner

FMN

+4.57%

PIFI

+0.72%

FMN vs PIFI - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	FMN	PIFI
2026	+3.92%	-0.21%
2025	+5.99%	+6.32%
2024	+2.75%	+2.71%
2023	+8.90%	+4.39%
2022	-26.45%	-6.88%
2021	+5.35%	-1.29%
2020	+9.98%	+0.10%
2019	+16.36%	N/A
2018	-8.66%	N/A
2017	+5.78%	N/A
2016	-0.95%	N/A
2015	+8.93%	N/A
2014	+16.63%	N/A
2013	-14.07%	N/A
2012	+12.58%	N/A
2011	+21.89%	N/A
2010	-3.72%	N/A
2009	+71.67%	N/A
2008	-27.59%	N/A
2007	-8.55%	N/A
2006	+10.98%	N/A
2005	+9.47%	N/A
2004	+6.40%	N/A
2003	+0.62%	N/A
2002	+0.00%	N/A

FMN vs PIFI Drawdown Comparison

The maximum drawdown for FMN was -49.02%, occurring on Oct 10, 2008. Recovery took 558 trading sessions.

The maximum drawdown for PIFI was -10.59%, occurring on Oct 20, 2022. Recovery took 927 trading sessions.

The current FMN drawdown is -17.31%. The current PIFI drawdown is -1.55%.

Rank	FMN	PIFI
#1	-49.02% May 14, 2007 - Jul 30, 2009	-10.59% Dec 31, 2020 - Sep 10, 2024
#2	-40.60% Sep 21, 2021 - Oct 30, 2023	-2.71% Sep 16, 2024 - Mar 31, 2025
#3	-31.87% Mar 6, 2020 - Aug 12, 2020	-1.93% Feb 27, 2026 - May 19, 2026
#4	-24.86% Oct 1, 2012 - May 28, 2015	-1.51% Apr 4, 2025 - Apr 29, 2025
#5	-21.45% Sep 13, 2010 - Oct 21, 2011	-1.24% Apr 30, 2025 - Jun 23, 2025
#6	-17.99% Aug 1, 2016 - Sep 30, 2019	-0.76% Jun 30, 2025 - Aug 1, 2025
#7	-16.66% Oct 6, 2009 - Aug 5, 2010	-0.67% Oct 22, 2025 - Nov 24, 2025
#8	-13.73% Sep 8, 2005 - Aug 21, 2006	-0.58% Nov 26, 2025 - Dec 29, 2025
#9	-13.42% Mar 26, 2004 - Sep 7, 2004	-0.54% Sep 16, 2025 - Oct 10, 2025
#10	-8.91% Mar 9, 2012 - Mar 30, 2012	-0.44% Jan 7, 2026 - Feb 5, 2026
#11	-8.89% Dec 27, 2002 - Apr 25, 2003	-0.41% Oct 2, 2020 - Dec 28, 2020
#12	-8.35% Jun 24, 2003 - Jan 9, 2004	-0.30% Aug 13, 2025 - Aug 22, 2025
#13	-6.91% Aug 13, 2020 - Dec 30, 2020	-0.23% Sep 10, 2024 - Sep 13, 2024
#14	-6.63% May 28, 2015 - Oct 16, 2015	-0.21% Aug 4, 2025 - Aug 13, 2025
#15	-5.72% Feb 10, 2012 - Mar 9, 2012	-0.19% Aug 29, 2025 - Sep 3, 2025

Correlation

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

0.66

-101

Dividend Comparison (2003 - 2026)

FMN vs PIFI dividend yield comparison.

Year	FMN	PIFI
2026	2.39%	1.70%
2025	4.64%	3.16%
2024	4.06%	2.92%
2023	4.03%	2.29%
2022	5.30%	1.22%
2021	4.31%	0.25%
2020	4.16%	0.00%
2019	4.40%	0.00%
2018	5.57%	0.00%
2017	5.21%	0.00%
2016	6.07%	0.00%
2015	5.92%	0.00%
2014	6.19%	0.00%
2013	6.86%	0.00%
2012	6.18%	0.00%
2011	6.71%	0.00%
2010	7.86%	0.00%
2009	6.95%	0.00%
2008	8.85%	0.00%
2007	6.04%	0.00%
2006	5.63%	0.00%
2005	6.61%	0.00%
2004	7.14%	0.00%
2003	6.51%	0.00%