FRNW vs MHF

Comparison between FIDELITY CLEAN ENERGY ETF (FRNW, ETF) and Western Asset Municipal High Income Fund Inc (MHF, ETF).

5-Year PerformanceMHF has outperformed FRNW, delivering a return of +1.4% compared to -0.9%

FRNW vs MHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FRNW(ETF)	MHF(ETF)
Net Assets	$154M	$154M
Expense Ratio	0.39%	N/A
Max Drawdown	60.67%	35.92%
Sharpe Ratio	1.24	0.35
5Y Beta	0.88	0.20
P/E Ratio	-3.28	N/A
Forward P/E	19.26	N/A
PEG Ratio	-0.00	N/A
5Y Dividends CAGR	N/A	10.64%
Debt to Equity	-148.85%	N/A
P/S Ratio	0.58	N/A
P/B Ratio	3.72	N/A

Net Assets

FRNW

$154M

Winner

MHF

$154M

Expense Ratio

FRNW

0.39%

MHF

N/A

Max Drawdown

FRNW

60.67%

Winner

MHF

35.92%

Sharpe Ratio

Winner

FRNW

1.24

MHF

0.35

5Y Beta

FRNW

0.88

Winner

MHF

0.20

P/E Ratio

FRNW

-3.28

MHF

N/A

Forward P/E

FRNW

19.26

MHF

N/A

PEG Ratio

FRNW

-0.00

MHF

N/A

5Y Dividends CAGR

FRNW

N/A

MHF

10.64%

Debt to Equity

FRNW

-148.85%

MHF

N/A

P/S Ratio

FRNW

0.58

MHF

N/A

P/B Ratio

FRNW

3.72

MHF

N/A

FRNW vs MHF - Historical Returns

Returns include dividend reinvestment.

Period	FRNW	MHF
1 month	-8.53%	+0.50%
3 months	-1.68%	+0.91%
6 months	+7.03%	+3.02%
1 year	+38.01%	+8.12%
5 years(CAGR)	-0.91%	+1.43%
10 years(CAGR)	N/A	+2.71%
Max(CAGR)	-0.91%	+4.94%

FRNW

-8.53%

Winner

MHF

+0.50%

FRNW

-1.68%

Winner

MHF

+0.91%

Winner

FRNW

+7.03%

MHF

+3.02%

Winner

FRNW

+38.01%

MHF

+8.12%

5Y(CAGR)

FRNW

-0.91%

Winner

MHF

+1.43%

10Y(CAGR)

FRNW

N/A

MHF

+2.71%

Max(CAGR)

FRNW

-0.91%

Winner

MHF

+4.94%

FRNW vs MHF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FRNW	MHF
2026	+9.70%	+3.92%
2025	+48.65%	+5.62%
2024	-19.59%	+11.13%
2023	-19.15%	+3.08%
2022	-12.49%	-17.27%
2021	-2.85%	+10.73%
2020	N/A	+2.74%
2019	N/A	+11.83%
2018	N/A	-2.40%
2017	N/A	+7.69%
2016	N/A	-4.81%
2015	N/A	+6.80%
2014	N/A	+20.30%
2013	N/A	-12.41%
2012	N/A	+6.95%
2011	N/A	+16.94%
2010	N/A	+3.58%
2009	N/A	+18.79%
2008	N/A	-6.14%
2007	N/A	-3.49%
2006	N/A	+15.59%
2005	N/A	+6.05%
2004	N/A	-0.82%
2003	N/A	+9.44%
2002	N/A	-2.15%
2001	N/A	+2.25%
2000	N/A	+21.56%
1999	N/A	-5.06%

FRNW vs MHF Drawdown Comparison

The maximum drawdown for FRNW was -59.37%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for MHF was -29.95%, occurring on Oct 6, 2008. Recovery took 412 trading sessions.

The current FRNW drawdown is -17.26%. The current MHF drawdown is -4.76%.

Rank	FRNW	MHF
#1	-59.37% Nov 1, 2021 - Apr 8, 2025	-29.95% Jul 9, 2008 - Feb 26, 2010
#2	-1.71% Oct 7, 2021 - Oct 12, 2021	-26.72% Oct 25, 2021 - Feb 19, 2025
#3	-1.39% Oct 21, 2021 - Oct 25, 2021	-24.97% Feb 25, 2020 - Jan 26, 2021
#4	-0.52% Oct 25, 2021 - Oct 27, 2021	-24.71% Sep 26, 2012 - Dec 2, 2015
#5	-0.26% Oct 28, 2021 - Nov 1, 2021	-14.28% May 12, 2016 - Sep 19, 2017
#6	-0.19% Oct 15, 2021 - Oct 19, 2021	-14.13% Sep 28, 2010 - Sep 9, 2011
#7	N/A	-13.32% Mar 25, 2025 - Sep 19, 2025
#8	N/A	-13.25% Nov 12, 1999 - Jul 5, 2000
#9	N/A	-12.46% May 10, 2007 - May 30, 2008
#10	N/A	-11.92% Aug 24, 2001 - Jun 13, 2003
#11	N/A	-10.85% Mar 23, 2004 - May 26, 2005
#12	N/A	-9.99% Sep 19, 2017 - May 23, 2019
#13	N/A	-9.96% Sep 19, 2025 - Mar 27, 2026
#14	N/A	-9.23% Feb 27, 2012 - May 1, 2012
#15	N/A	-8.80% Jul 1, 2021 - Oct 25, 2021

Correlation

Correlation between FRNW and MHF is 0.07 which considered as a very weak or no correlation - the stocks move independently of each other.

0.07

-101

Dividend Comparison (1999 - 2026)

FRNW vs MHF dividend yield comparison.

Year	FRNW	MHF
2026	0.67%	2.95%
2025	1.25%	5.93%
2024	1.43%	5.65%
2023	1.30%	3.78%
2022	0.69%	3.72%
2021	0.04%	3.23%
2020	0.00%	3.75%
2019	0.00%	4.02%
2018	0.00%	4.42%
2017	0.00%	4.14%
2016	0.00%	4.53%
2015	0.00%	4.45%
2014	0.00%	4.73%
2013	0.00%	5.59%
2012	0.00%	5.13%
2011	0.00%	5.57%
2010	0.00%	6.14%
2009	0.00%	5.98%
2008	0.00%	6.66%
2007	0.00%	5.66%
2006	0.00%	4.92%
2005	0.00%	6.10%
2004	0.00%	7.38%
2003	0.00%	7.22%
2002	0.00%	7.46%
2001	0.00%	7.17%
2000	0.00%	7.16%
1999	0.00%	1.34%