What is FMHI?
FMHI was created on 2017-11-01 by First Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. FMHI is an actively managed fund that holds a broad range of US municipal bonds.
What is SCMB?
SCMB was created on 2022-10-12 by Schwab. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 553.13m in AUM and 3769 holdings. SCMB tracks an index of USD-denominated", investment grade tax-exempt debt", issued by US states and territories with varying maturities.
Key Details
Nov 01, 2017
Oct 12, 2022
Fixed Income
Fixed Income
Investment Grade
Investment Grade
Holdings
Traded Fund III First Trust Municipal High Income ETF - FMHI is made up of 540 holdings. Schwab Municipal Bond ETF - SCMB is made up of 2717 holdings.
Name | Weight |
|---|---|
| - | 0.97% |
| - | 0.95% |
| - | 0.71% |
| - | 0.61% |
| - | 0.55% |
| - | 0.54% |
| - | 0.52% |
| - | 0.51% |
| - | 0.5% |
| - | 0.49% |
| - | 0.47% |
| - | 0.45% |
| - | 0.44% |
| - | 0.44% |
| - | 0.43% |
| - | 0.43% |
| - | 0.41% |
3 3BRMTV7NT PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.55% | 0.4% |
| - | 0.4% |
3 3BWBST9NT PUERTO RICO COMWLTH 4% | 0.4% |
| - | 0.4% |
| - | 0.39% |
| - | 0.39% |
| - | 0.38% |
| - | 0.38% |
| - | 0.38% |
3 3BWBST7NT PUERTO RICO COMWLTH 4% | 0.37% |
| - | 0.37% |
| - | 0.37% |
3 3BWBST6NT PUERTO RICO COMWLTH 4% | 0.37% |
Name | Weight |
|---|---|
| - | 0.24% |
| - | 0.18% |
| - | 0.18% |
| - | 0.17% |
| - | 0.14% |
| - | 0.13% |
| - | 0.13% |
| - | 0.13% |
| - | 0.13% |
| - | 0.12% |
| - | 0.12% |
| - | 0.12% |
| - | 0.12% |
| - | 0.11% |
| - | 0.11% |
| - | 0.11% |
| - | 0.1% |
| - | 0.1% |
| - | 0.1% |
| - | 0.1% |
| - | 0.1% |
3 3BFLRY5NT NEW JERSEY ST TRANSN TR FD AUTH 0% | 0.1% |
| - | 0.09% |
3 3BSYCH8NT GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 4% | 0.09% |
| - | 0.09% |
| - | 0.09% |
| - | 0.09% |
| - | 0.09% |
3 3BXTMK0NT NEW JERSEY ST TRANSN TR FD AUTH 5% | 0.09% |
| - | 0.09% |
Stock Correlation
The stocks that are correlated to FMHI - Traded Fund III First Trust Municipal High Income ETF are CUBE, AMT, PSA, SBAC, NNN
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
C CUBECubeSmart | 47.34% | $8.53B | -18.13% | 5.46% |
| 47.01% | $99.89B | +13.38% | 3.09% | |
P PSAPublic Storage | 46.00% | $48.36B | -4.15% | 4.33% |
| 44.08% | $23.08B | +0.67% | 1.89% | |
N NNNNNN REIT, Inc. | 43.96% | $7.24B | -8.40% | 5.98% |
| 42.62% | $28.09B | -11.20% | 4.91% | |
| 42.01% | $2.68B | +12.75% | 5.24% | |
| 41.10% | $7.66B | +24.92% | 4.21% | |
T TUTELUS Corp. | 40.76% | $21.57B | -12.20% | 8.01% |
| 40.59% | $47.20B | -1.32% | 5.92% | |
| 40.49% | $1.57B | +6.08% | 6.52% | |
| 39.58% | $915.54M | -19.55% | 15.71% | |
| 38.69% | $12.11B | -0.61% | 3.08% | |
| 38.60% | $7.93B | -10.72% | 16.17% | |
| 38.39% | $2.57B | -13.01% | 6.65% | |
| 38.21% | $4.93B | +6.53% | 1.16% | |
F FTSFortis, Inc. | 37.22% | $22.63B | +15.16% | 3.81% |
| 36.69% | $6.01B | -3.89% | 3.58% | |
| 36.41% | $31.45B | +0.44% | 5.70% | |
| 36.10% | $42.76B | -1.98% | 6.48% | |
The stocks that are correlated to SCMB - Schwab Municipal Bond ETF are AMT, PSA, CUBE, PFSI, SBAC
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| 48.12% | $99.89B | +13.38% | 3.09% | |
P PSAPublic Storage | 46.06% | $48.36B | -4.15% | 4.33% |
C CUBECubeSmart | 45.54% | $8.53B | -18.13% | 5.46% |
| 41.94% | $4.93B | +6.53% | 1.16% | |
| 41.82% | $23.08B | +0.67% | 1.89% | |
| 41.60% | $28.09B | -11.20% | 4.91% | |
S SAFESafehold, Inc. | 41.03% | $1.19B | -17.11% | 4.41% |
| 40.21% | $2.68B | +12.75% | 5.24% | |
N NNNNNN REIT, Inc. | 39.98% | $7.24B | -8.40% | 5.98% |
T TUTELUS Corp. | 39.95% | $21.57B | -12.20% | 8.01% |
| 39.69% | $2.20B | +11.93% | 0.00% | |
| 38.79% | $1.57B | +6.08% | 6.52% | |
| 38.78% | $915.54M | -19.55% | 15.71% | |
| 38.57% | $2.57B | -13.01% | 6.65% | |
| 38.21% | $7.93B | -10.72% | 16.17% | |
F FTSFortis, Inc. | 38.03% | $22.63B | +15.16% | 3.81% |
| 37.84% | $42.76B | -1.98% | 6.48% | |
| 36.65% | $15.27B | +35.10% | 0.00% | |
| 36.62% | $121.42B | -10.57% | 2.09% | |
| 36.42% | $12.11B | -0.61% | 3.08% | |
ETF Correlation
The ETFs that are correlated to FMHI - Traded Fund III First Trust Municipal High Income ETF are FMB, TFI, MUNI, VTEB, PZA
The ETFs that are correlated to SCMB - Schwab Municipal Bond ETF are JMUB, MUB, TFI, VTEB, FMB
Holding Overlap
FMHI - Traded Fund III First Trust Municipal High Income ETF and SCMB - Schwab Municipal Bond ETF have a 1 holding overlap. Which accounts for a 1.2% overlap.
Number of overlapping holdings
1
% of overlapping holdings
1.18%
Name | Weight in FMHI | Weight in SCMB |
|---|---|---|
3 3BYMZQ7JEFFERSON CNTY | 0.20% | 0.04% |
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FMHIDisclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.
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