MHF vs AFMC

Comparison between Western Asset Municipal High Income Fund Inc (MHF, ETF) and FIRST TRUST ACTIVE FACTOR MID CAP ETF (AFMC, ETF).

5-Year PerformanceAFMC has outperformed MHF, delivering a return of +10.1% compared to +1.3%

MHF vs AFMC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MHF(ETF)	AFMC(ETF)
Net Assets	$153M	$153M
Expense Ratio	N/A	0.68%
Max Drawdown	35.92%	42.14%
Sharpe Ratio	0.15	1.41
5Y Beta	0.20	0.91
P/E Ratio	N/A	20.77
Forward P/E	N/A	14.73
5Y Dividends CAGR	10.43%	11.51%
5Y EPS CAGR	N/A	18.57%
Debt to Equity	N/A	15.07%
P/S Ratio	N/A	1.25
P/B Ratio	N/A	2.60

Net Assets

Winner

MHF

$153M

AFMC

$153M

Expense Ratio

MHF

N/A

AFMC

0.68%

Max Drawdown

Winner

MHF

35.92%

AFMC

42.14%

Sharpe Ratio

MHF

0.15

Winner

AFMC

1.41

5Y Beta

Winner

MHF

0.20

AFMC

0.91

P/E Ratio

MHF

N/A

AFMC

20.77

Forward P/E

MHF

N/A

AFMC

14.73

5Y Dividends CAGR

MHF

10.43%

Winner

AFMC

11.51%

5Y EPS CAGR

MHF

N/A

AFMC

18.57%

Debt to Equity

MHF

N/A

AFMC

15.07%

P/S Ratio

MHF

N/A

AFMC

1.25

P/B Ratio

MHF

N/A

AFMC

2.60

MHF vs AFMC - Historical Returns

Returns include dividend reinvestment.

Period	MHF	AFMC
1 month	-0.81%	+1.54%
3 months	-0.17%	+8.24%
6 months	+0.66%	+14.73%
1 year	+5.15%	+26.92%
5 years(CAGR)	+1.31%	+10.13%
10 years(CAGR)	+2.56%	N/A
Max(CAGR)	+4.91%	+12.15%

MHF

-0.81%

Winner

AFMC

+1.54%

MHF

-0.17%

Winner

AFMC

+8.24%

MHF

+0.66%

Winner

AFMC

+14.73%

MHF

+5.15%

Winner

AFMC

+26.92%

5Y(CAGR)

MHF

+1.31%

Winner

AFMC

+10.13%

10Y(CAGR)

MHF

+2.56%

AFMC

N/A

Max(CAGR)

MHF

+4.91%

Winner

AFMC

+12.15%

MHF vs AFMC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MHF	AFMC
2026	+2.36%	+13.22%
2025	+5.62%	+10.17%
2024	+11.13%	+19.44%
2023	+3.08%	+21.77%
2022	-17.27%	-15.39%
2021	+10.73%	+27.68%
2020	+2.74%	+6.00%
2019	+11.83%	+2.57%
2018	-2.40%	N/A
2017	+7.69%	N/A
2016	-4.81%	N/A
2015	+6.80%	N/A
2014	+20.30%	N/A
2013	-12.41%	N/A
2012	+6.95%	N/A
2011	+16.94%	N/A
2010	+3.58%	N/A
2009	+18.79%	N/A
2008	-6.14%	N/A
2007	-3.49%	N/A
2006	+15.59%	N/A
2005	+6.05%	N/A
2004	-0.82%	N/A
2003	+9.44%	N/A
2002	-2.15%	N/A
2001	+2.25%	N/A
2000	+21.56%	N/A
1999	-5.06%	N/A

MHF vs AFMC Drawdown Comparison

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

The maximum drawdown for AFMC was -42.14%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.

The current MHF drawdown is -6.19%. The current AFMC drawdown is -1.84%.

Rank	MHF	AFMC
#1	-29.95% Jul 9, 2008 - Feb 26, 2010	-42.14% Feb 20, 2020 - Dec 4, 2020
#2	-26.72% Oct 25, 2021 - Feb 19, 2025	-25.41% Nov 16, 2021 - Dec 14, 2023
#3	-24.97% Feb 25, 2020 - Jan 26, 2021	-21.99% Nov 25, 2024 - Sep 11, 2025
#4	-24.71% Sep 26, 2012 - Dec 2, 2015	-8.20% Feb 20, 2026 - Apr 13, 2026
#5	-14.28% May 12, 2016 - Sep 19, 2017	-7.78% Mar 28, 2024 - May 15, 2024
#6	-14.13% Sep 28, 2010 - Sep 9, 2011	-7.38% Jul 31, 2024 - Aug 23, 2024
#7	-13.32% Mar 25, 2025 - Sep 19, 2025	-6.65% Jun 8, 2021 - Aug 11, 2021
#8	-13.25% Nov 12, 1999 - Jul 5, 2000	-6.39% Mar 15, 2021 - Apr 12, 2021
#9	-12.46% May 10, 2007 - May 30, 2008	-6.18% Sep 18, 2025 - Dec 4, 2025
#10	-11.92% Aug 24, 2001 - Jun 13, 2003	-5.28% Aug 30, 2024 - Sep 19, 2024
#11	-10.85% Mar 23, 2004 - May 26, 2005	-5.20% May 15, 2024 - Jul 16, 2024
#12	-9.99% Sep 19, 2017 - May 23, 2019	-5.15% Sep 2, 2021 - Nov 1, 2021
#13	-9.96% Sep 19, 2025 - Mar 27, 2026	-5.13% May 7, 2021 - Jun 8, 2021
#14	-9.23% Feb 27, 2012 - May 1, 2012	-5.12% Feb 24, 2021 - Mar 10, 2021
#15	-8.80% Jul 1, 2021 - Oct 25, 2021	-4.42% Jan 22, 2021 - Feb 5, 2021

Correlation

Correlation between MHF and AFMC is 0.77 which considered as a strong positive correlation - the stocks tend to move together.

0.77

-101

Dividend Comparison (1999 - 2026)

MHF vs AFMC dividend yield comparison.

Year	MHF	AFMC
2026	2.48%	0.14%
2025	5.93%	0.96%
2024	5.65%	0.64%
2023	3.78%	0.87%
2022	3.72%	1.42%
2021	3.23%	0.84%
2020	3.75%	1.05%
2019	4.02%	0.29%
2018	4.42%	0.00%
2017	4.14%	0.00%
2016	4.53%	0.00%
2015	4.45%	0.00%
2014	4.73%	0.00%
2013	5.59%	0.00%
2012	5.13%	0.00%
2011	5.57%	0.00%
2010	6.14%	0.00%
2009	5.98%	0.00%
2008	6.66%	0.00%
2007	5.66%	0.00%
2006	4.92%	0.00%
2005	6.10%	0.00%
2004	7.38%	0.00%
2003	7.22%	0.00%
2002	7.46%	0.00%
2001	7.17%	0.00%
2000	7.16%	0.00%
1999	1.34%	0.00%