FMN vs SPY
Comparison between Federated Hermes Premier Municipal Income Fund (FMN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FMN, delivering a return of +13.3% compared to -1.9%
FMN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FMN vs SPY - Historical Returns
Returns include dividend reinvestment.
FMN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FMN | SPY |
|---|---|---|
| 2026 | +2.55% | +8.26% |
| 2025 | +5.99% | +18.00% |
| 2024 | +2.75% | +25.59% |
| 2023 | +8.90% | +26.72% |
| 2022 | -26.45% | -18.64% |
| 2021 | +5.35% | +30.52% |
| 2020 | +9.98% | +17.28% |
| 2019 | +16.36% | +31.09% |
| 2018 | -8.66% | -5.24% |
| 2017 | +5.78% | +20.78% |
| 2016 | -0.95% | +13.59% |
| 2015 | +8.93% | +1.31% |
| 2014 | +16.63% | +14.56% |
| 2013 | -14.07% | +29.00% |
| 2012 | +12.58% | +14.17% |
| 2011 | +21.89% | +0.85% |
| 2010 | -3.72% | +13.14% |
| 2009 | +71.67% | +22.67% |
| 2008 | -27.59% | -36.25% |
| 2007 | -8.55% | +5.32% |
| 2006 | +10.98% | +13.85% |
| 2005 | +9.47% | +5.32% |
| 2004 | +6.40% | +10.75% |
| 2003 | +0.62% | +24.18% |
| 2002 | +0.00% | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FMN vs SPY Drawdown Comparison
The maximum drawdown for FMN was -49.02%, occurring on Oct 10, 2008. Recovery took 558 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FMN drawdown is -18.40%. The current SPY drawdown is -2.90%.
| Rank | FMN | SPY |
|---|---|---|
| #1 | -49.02% May 14, 2007 - Jul 30, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -40.60% Sep 21, 2021 - Oct 30, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -31.87% Mar 6, 2020 - Aug 12, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.86% Oct 1, 2012 - May 28, 2015 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.45% Sep 13, 2010 - Oct 21, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.99% Aug 1, 2016 - Sep 30, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -16.66% Oct 6, 2009 - Aug 5, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.73% Sep 8, 2005 - Aug 21, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.42% Mar 26, 2004 - Sep 7, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.91% Mar 9, 2012 - Mar 30, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.89% Dec 27, 2002 - Apr 25, 2003 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.35% Jun 24, 2003 - Jan 9, 2004 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.91% Aug 13, 2020 - Dec 30, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.63% May 28, 2015 - Oct 16, 2015 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.72% Feb 10, 2012 - Mar 9, 2012 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FMN and SPY is 0.77 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
FMN vs SPY dividend yield comparison.
| Year | FMN | SPY |
|---|---|---|
| 2026 | 2.01% | 0.24% |
| 2025 | 4.64% | 1.07% |
| 2024 | 4.06% | 1.21% |
| 2023 | 4.03% | 1.40% |
| 2022 | 5.30% | 1.65% |
| 2021 | 4.31% | 1.20% |
| 2020 | 4.16% | 1.52% |
| 2019 | 4.40% | 1.75% |
| 2018 | 5.57% | 2.04% |
| 2017 | 5.21% | 1.80% |
| 2016 | 6.07% | 2.03% |
| 2015 | 5.92% | 2.06% |
| 2014 | 6.19% | 1.87% |
| 2013 | 6.86% | 1.81% |
| 2012 | 6.18% | 2.18% |
| 2011 | 6.71% | 2.05% |
| 2010 | 7.86% | 1.80% |
| 2009 | 6.95% | 1.95% |
| 2008 | 8.85% | 3.02% |
| 2007 | 6.04% | 1.85% |
| 2006 | 5.63% | 1.73% |
| 2005 | 6.61% | 1.73% |
| 2004 | 7.14% | 1.82% |
| 2003 | 6.51% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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