FMNY vs BREM
Comparison between FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF) and IQ BEAR EMERGING MARKETS ETF (BREM, ETF).
FMNY vs BREM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FMNY
$39M
BREM
$39M
Expense Ratio
Winner
FMNY
0.49%
BREM
0.50%
Max Drawdown
FMNY
18.26%
Winner
BREM
5.04%
Sharpe Ratio
Winner
FMNY
1.09
BREM
1.02
5Y Beta
Winner
FMNY
0.03
BREM
0.29
FMNY vs BREM - Historical Returns
Returns include dividend reinvestment.
1M
FMNY
+0.69%
Winner
BREM
+1.03%
3M
FMNY
+0.90%
Winner
BREM
+3.00%
6M
FMNY
+2.31%
Winner
BREM
+4.38%
1Y
FMNY
+7.30%
BREM
N/A
5Y(CAGR)
FMNY
+0.48%
BREM
N/A
Max(CAGR)
FMNY
+0.74%
Winner
BREM
+10.27%
FMNY vs BREM - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FMNY | BREM |
|---|---|---|
| 2026 | +1.89% | +3.78% |
| 2025 | +3.79% | +2.74% |
| 2024 | +1.79% | N/A |
| 2023 | +6.08% | N/A |
| 2022 | -10.52% | N/A |
| 2021 | +1.60% | N/A |
FMNY vs BREM Drawdown Comparison
The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.
The maximum drawdown for BREM was -4.54%, occurring on Mar 30, 2026. Recovery took 42 trading sessions.
The current FMNY drawdown is -0.68%.
| Rank | FMNY | BREM |
|---|---|---|
| #1 | -15.90% Jul 19, 2021 - Nov 18, 2025 | -4.54% Feb 17, 2026 - Apr 17, 2026 |
| #2 | -2.83% Feb 27, 2026 - Mar 24, 2026 | -1.93% May 6, 2026 - May 29, 2026 |
| #3 | -0.66% Jun 15, 2021 - Jul 8, 2021 | -1.29% Apr 17, 2026 - May 6, 2026 |
| #4 | -0.57% Nov 18, 2025 - Jan 5, 2026 | -0.76% Jan 6, 2026 - Jan 22, 2026 |
| #5 | -0.55% Jan 14, 2026 - Feb 3, 2026 | -0.63% Jun 2, 2026 - Jun 12, 2026 |
| #6 | -0.17% Feb 10, 2026 - Feb 17, 2026 | -0.62% Oct 27, 2025 - Nov 24, 2025 |
| #7 | -0.15% May 14, 2021 - May 20, 2021 | -0.57% Dec 3, 2025 - Dec 12, 2025 |
| #8 | -0.15% Jan 7, 2026 - Jan 14, 2026 | -0.45% Dec 16, 2025 - Dec 24, 2025 |
| #9 | -0.13% Jul 12, 2021 - Jul 19, 2021 | -0.27% Oct 21, 2025 - Oct 24, 2025 |
| #10 | -0.12% May 20, 2021 - May 24, 2021 | -0.14% Dec 24, 2025 - Jan 5, 2026 |
| #11 | -0.10% May 24, 2021 - May 27, 2021 | -0.12% Jan 27, 2026 - Feb 2, 2026 |
| #12 | -0.04% Feb 18, 2026 - Feb 23, 2026 | -0.07% Nov 28, 2025 - Dec 2, 2025 |
| #13 | -0.04% Jan 5, 2026 - Jan 7, 2026 | -0.04% May 29, 2026 - Jun 2, 2026 |
| #14 | -0.04% Feb 4, 2026 - Feb 6, 2026 | -0.04% Feb 5, 2026 - Feb 9, 2026 |
| #15 | N/A | -0.02% Feb 3, 2026 - Feb 5, 2026 |
Correlation
Correlation between FMNY and BREM is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
Dividend Comparison (2021 - 2026)
FMNY vs BREM dividend yield comparison.
| Year | FMNY | BREM |
|---|---|---|
| 2026 | 1.56% | 2.71% |
| 2025 | 3.64% | 1.19% |
| 2024 | 3.56% | 0.00% |
| 2023 | 3.25% | 0.00% |
| 2022 | 2.34% | 0.00% |
| 2021 | 0.72% | 0.00% |
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