MFM vs FJP

Comparison between MFS Municipal Income Trust (MFM, ETF) and FIRST TRUST JAPAN ALPHADEX FUND (FJP, ETF).

5-Year PerformanceFJP has outperformed MFM, delivering a return of +10.1% compared to -1.1%

MFM vs FJP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFM(ETF)	FJP(ETF)
Net Assets	$246M	$247M
Expense Ratio	N/A	0.80%
Max Drawdown	59.26%	43.93%
Sharpe Ratio	0.72	1.16
5Y Beta	0.16	0.73
5Y Dividends CAGR	-1.90%	29.60%

Net Assets

MFM

$246M

Winner

FJP

$247M

Expense Ratio

MFM

N/A

FJP

0.80%

Max Drawdown

MFM

59.26%

Winner

FJP

43.93%

Sharpe Ratio

MFM

0.72

Winner

FJP

1.16

5Y Beta

Winner

MFM

0.16

FJP

0.73

5Y Dividends CAGR

MFM

-1.90%

Winner

FJP

29.60%

MFM vs FJP - Historical Returns

Returns include dividend reinvestment.

Period	MFM	FJP
1 month	-0.84%	-1.27%
3 months	-1.41%	-0.65%
6 months	+1.55%	+12.54%
1 year	+11.35%	+31.02%
5 years(CAGR)	-1.06%	+10.15%
10 years(CAGR)	+1.58%	+7.03%
Max(CAGR)	+4.95%	+5.82%

Winner

MFM

-0.84%

FJP

-1.27%

MFM

-1.41%

Winner

FJP

-0.65%

MFM

+1.55%

Winner

FJP

+12.54%

MFM

+11.35%

Winner

FJP

+31.02%

5Y(CAGR)

MFM

-1.06%

Winner

FJP

+10.15%

10Y(CAGR)

MFM

+1.58%

Winner

FJP

+7.03%

Max(CAGR)

MFM

+4.95%

Winner

FJP

+5.82%

MFM vs FJP - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MFM	FJP
2026	+2.23%	+10.62%
2025	+6.36%	+33.80%
2024	+7.72%	+6.02%
2023	+4.52%	+23.73%
2022	-21.84%	-12.80%
2021	+9.78%	-0.50%
2020	-1.42%	+2.15%
2019	+16.86%	+7.28%
2018	-5.41%	-18.80%
2017	+8.63%	+26.81%
2016	+1.49%	+4.50%
2015	+8.74%	+5.39%
2014	+13.39%	-0.84%
2013	-14.36%	+28.22%
2012	+14.85%	-4.42%
2011	+18.24%	-9.31%
2010	+0.65%	N/A
2009	+70.75%	N/A
2008	-36.78%	N/A
2007	-13.70%	N/A
2006	+11.48%	N/A
2005	+9.19%	N/A
2004	+8.26%	N/A
2003	+13.39%	N/A
2002	-1.94%	N/A
2001	+10.39%	N/A
2000	+13.66%	N/A
1999	-7.97%	N/A

MFM vs FJP Drawdown Comparison

The maximum drawdown for MFM was -54.24%, occurring on Dec 16, 2008. Recovery took 759 trading sessions.

The maximum drawdown for FJP was -41.51%, occurring on Mar 16, 2020. Recovery took 1551 trading sessions.

The current MFM drawdown is -9.04%. The current FJP drawdown is -9.00%.

Rank	MFM	FJP
#1	-54.24% Apr 2, 2007 - Apr 7, 2010	-41.51% Jan 23, 2018 - Mar 22, 2024
#2	-34.38% Jul 29, 2021 - Oct 27, 2023	-25.37% Aug 2, 2011 - May 14, 2013
#3	-29.37% Feb 14, 2020 - May 6, 2021	-22.46% May 22, 2015 - Mar 13, 2017
#4	-24.74% Oct 1, 2012 - Dec 24, 2015	-17.02% Mar 25, 2025 - May 21, 2025
#5	-15.37% Mar 25, 2004 - Oct 27, 2004	-16.43% May 21, 2013 - Jan 17, 2014
#6	-15.26% Oct 29, 2010 - Sep 12, 2011	-15.08% Mar 27, 2024 - Feb 18, 2025
#7	-13.45% Nov 4, 1999 - Jun 2, 2000	-14.43% Feb 25, 2026 - Mar 20, 2026
#8	-12.02% Jul 8, 2016 - Jun 6, 2017	-12.64% Jul 28, 2014 - Feb 20, 2015
#9	-11.92% Sep 17, 2001 - Oct 4, 2002	-10.47% Jan 22, 2014 - Jun 18, 2014
#10	-11.67% Jul 13, 2017 - Feb 20, 2019	-7.21% May 10, 2011 - Jul 5, 2011
#11	-10.96% Aug 31, 2000 - Jan 4, 2001	-6.57% Sep 15, 2025 - Nov 10, 2025
#12	-10.86% Oct 4, 2002 - May 9, 2003	-4.37% Jun 27, 2025 - Jul 23, 2025
#13	-10.56% Jun 11, 2003 - Jan 6, 2004	-4.12% Mar 28, 2017 - May 3, 2017
#14	-9.57% Sep 13, 2005 - Jan 19, 2006	-3.98% Nov 14, 2025 - Nov 26, 2025
#15	-8.19% Feb 11, 2005 - May 11, 2005	-3.56% Apr 28, 2015 - May 18, 2015

Correlation

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

0.66

-101

Dividend Comparison (2000 - 2026)

MFM vs FJP dividend yield comparison.

Year	MFM	FJP
2026	2.23%	0.15%
2025	5.08%	2.68%
2024	4.65%	3.18%
2023	4.12%	3.49%
2022	4.85%	2.21%
2021	4.34%	2.43%
2020	4.70%	0.99%
2019	4.71%	2.80%
2018	5.91%	1.54%
2017	5.62%	1.29%
2016	5.72%	1.46%
2015	5.76%	0.85%
2014	6.04%	1.08%
2013	7.08%	0.70%
2012	6.31%	1.61%
2011	7.09%	0.62%
2010	7.86%	0.00%
2009	7.32%	0.00%
2008	11.29%	0.00%
2007	6.82%	0.00%
2006	5.82%	0.00%
2005	6.93%	0.00%
2004	7.10%	0.00%
2003	7.04%	0.00%
2002	7.38%	0.00%
2001	6.92%	0.00%
2000	3.01%	0.00%