FRTY vs MHF

Comparison between ALGER MID CAP 40 ETF (FRTY, ETF) and Western Asset Municipal High Income Fund Inc (MHF, ETF).

5-Year PerformanceFRTY has outperformed MHF, delivering a return of +3.1% compared to +1.4%

FRTY vs MHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FRTY(ETF)	MHF(ETF)
Net Assets	$154M	$154M
Expense Ratio	0.60%	N/A
Max Drawdown	55.59%	35.92%
Sharpe Ratio	0.51	0.35
5Y Beta	1.28	0.20
P/E Ratio	101.44	N/A
Forward P/E	37.95	N/A
PEG Ratio	0.41	N/A
5Y Dividends CAGR	N/A	10.64%
5Y EPS CAGR	16.91%	N/A
Debt to Equity	-10.63%	N/A
P/S Ratio	7.50	N/A
P/B Ratio	8.18	N/A

Net Assets

FRTY

$154M

MHF

$154M

Expense Ratio

FRTY

0.60%

MHF

N/A

Max Drawdown

FRTY

55.59%

Winner

MHF

35.92%

Sharpe Ratio

Winner

FRTY

0.51

MHF

0.35

5Y Beta

FRTY

1.28

Winner

MHF

0.20

P/E Ratio

FRTY

101.44

MHF

N/A

Forward P/E

FRTY

37.95

MHF

N/A

PEG Ratio

FRTY

0.41

MHF

N/A

5Y Dividends CAGR

FRTY

N/A

MHF

10.64%

5Y EPS CAGR

FRTY

16.91%

MHF

N/A

Debt to Equity

FRTY

-10.63%

MHF

N/A

P/S Ratio

FRTY

7.50

MHF

N/A

P/B Ratio

FRTY

8.18

MHF

N/A

FRTY vs MHF - Historical Returns

Returns include dividend reinvestment.

Period	FRTY	MHF
1 month	-6.35%	+0.50%
3 months	+8.04%	+0.91%
6 months	+2.88%	+3.02%
1 year	+18.49%	+8.12%
5 years(CAGR)	+3.09%	+1.43%
10 years(CAGR)	N/A	+2.71%
Max(CAGR)	+2.81%	+4.94%

FRTY

-6.35%

Winner

MHF

+0.50%

Winner

FRTY

+8.04%

MHF

+0.91%

FRTY

+2.88%

Winner

MHF

+3.02%

Winner

FRTY

+18.49%

MHF

+8.12%

5Y(CAGR)

Winner

FRTY

+3.09%

MHF

+1.43%

10Y(CAGR)

FRTY

N/A

MHF

+2.71%

Max(CAGR)

FRTY

+2.81%

Winner

MHF

+4.94%

FRTY vs MHF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FRTY	MHF
2026	+5.52%	+3.92%
2025	+11.40%	+5.62%
2024	+40.62%	+11.13%
2023	+16.21%	+3.08%
2022	-42.24%	-17.27%
2021	+2.18%	+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%

FRTY vs MHF Drawdown Comparison

The maximum drawdown for FRTY was -53.10%, occurring on Oct 14, 2022. Recovery took 1144 trading sessions.

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

The current FRTY drawdown is -8.80%. The current MHF drawdown is -4.76%.

Rank	FRTY	MHF
#1	-53.10% Nov 8, 2021 - Jun 2, 2026	-29.95% Jul 9, 2008 - Feb 26, 2010
#2	-11.62% Apr 28, 2021 - Jun 24, 2021	-26.72% Oct 25, 2021 - Feb 19, 2025
#3	-11.41% Jun 30, 2026 - Jul 20, 2026	-24.97% Feb 25, 2020 - Jan 26, 2021
#4	-9.54% Sep 23, 2021 - Nov 1, 2021	-24.71% Sep 26, 2012 - Dec 2, 2015
#5	-8.45% Mar 15, 2021 - Apr 26, 2021	-14.28% May 12, 2016 - Sep 19, 2017
#6	-8.37% Jun 2, 2026 - Jun 18, 2026	-14.13% Sep 28, 2010 - Sep 9, 2011
#7	-7.52% Mar 1, 2021 - Mar 15, 2021	-13.32% Mar 25, 2025 - Sep 19, 2025
#8	-6.78% Jul 6, 2021 - Jul 28, 2021	-13.25% Nov 12, 1999 - Jul 5, 2000
#9	-3.02% Sep 7, 2021 - Sep 16, 2021	-12.46% May 10, 2007 - May 30, 2008
#10	-3.00% Aug 5, 2021 - Aug 12, 2021	-11.92% Aug 24, 2001 - Jun 13, 2003
#11	-2.89% Aug 12, 2021 - Aug 23, 2021	-10.85% Mar 23, 2004 - May 26, 2005
#12	-2.85% Jun 22, 2026 - Jun 29, 2026	-9.99% Sep 19, 2017 - May 23, 2019
#13	-2.57% Sep 17, 2021 - Sep 22, 2021	-9.96% Sep 19, 2025 - Mar 27, 2026
#14	-1.34% Jun 28, 2021 - Jul 6, 2021	-9.23% Feb 27, 2012 - May 1, 2012
#15	-1.22% Jul 29, 2021 - Aug 4, 2021	-8.80% Jul 1, 2021 - Oct 25, 2021

Correlation

Correlation between FRTY and MHF is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (1999 - 2026)

FRTY vs MHF dividend yield comparison.

Year	FRTY	MHF
2026	0.00%	2.95%
2025	0.19%	5.93%
2024	0.10%	5.65%
2023	0.00%	3.78%
2022	0.00%	3.72%
2021	5.35%	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%