FMHI vs HYD
First Trust Municipal High Income ETF compared with VanEck High Yield Muni ETF on yield, payout growth, payment schedule, cost and risk.
FMHI
First Trust Municipal High Income ETF
TTM yield · Monthly
HYD
VanEck High Yield Muni ETF
TTM yield · Monthly
Quick take
- FMHI yields more today: 4.60% vs 4.51% (forward).
- FMHI has grown its payout faster: 3.4%/yr vs -0.3%/yr over the last 5 years.
- Both pay every month.
- Over the last year HYD delivered the higher total return: +1.1% vs -0.2% (price change plus payouts).
- HYD is cheaper to own: 0.32% vs 0.49% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FMHI | HYD |
|---|---|---|
| Share price | $45.47 | $49.23 |
| TTM yield | 4.23% | 4.51% |
| Forward yield | 4.60% | 4.51% |
| Annual payout per share | $2.093 | $2.219 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 24, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.49% | 0.32% |
| 1-year payout growth | -10.3% | +1.3% |
| 5-year payout CAGR | +3.4% | -0.3% |
| Consecutive years of increases | 4 years | 0 years |
| Payout consistency (last 12) | 98/100 | 92/100 |
| 1-year total return | -0.2% | +1.1% |
| 1-year price return | -4.3% | -3.3% |
| Size (market cap / AUM) | 994.8M | 3.9B |
| Years paying | 8.9 | 17.6 |
| Sector / category | High Yield Muni | High Yield Muni |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FMHI | HYD | |
|---|---|---|
| Shares | 219.9 | 203.1 |
| Income per year | $460 | $451 |
| Income per month (avg) | $38 | $38 |
At forward yields, before taxes. Model FMHI · Model HYD
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FMHI Nov 23, 2026 | Dec 1, 2026 | $0.1744 | Est. |
| FMHI Dec 23, 2026 | Dec 31, 2026 | $0.1744 | Est. |
| FMHI Jan 22, 2027 | Jan 30, 2027 | $0.1744 | Est. |
| HYD Oct 31, 2026 | Nov 14, 2026 | $0.1849 | Est. |
| HYD Nov 30, 2026 | Dec 14, 2026 | $0.1849 | Est. |
| HYD Dec 30, 2026 | Jan 13, 2027 | $0.1849 | Est. |
Annual payouts per share
FMHIHYD
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FMHI or HYD?
HYD currently has the higher trailing yield: FMHI yields 4.23% and HYD yields 4.51%. Yield changes daily with price, so check the live figures above.
How often do FMHI and HYD pay?
FMHI pays every month and HYD pays every month. FMHI's next ex-date is Oct 24, 2026 and HYD's is Oct 31, 2026.
Which has grown its dividend faster, FMHI or HYD?
FMHI has grown its payout faster: 3.4%/yr vs -0.3%/yr over the last 5 years.
Is FMHI or HYD better for income?
It depends on what you are optimising for. FMHI and HYD differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.