FMNYvsHYDETF Comparison
VS
First Trust New York Municipal High Income ETF (FMNY) and VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. In contrast, HYD's top sector exposures are Municipal. FMNY is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.32% for HYD. FMNY is down -1.79% year-to-date (YTD) with -$547K in YTD flows. HYD performs better with -1.57% YTD performance, and +$535M in YTD flows. Run a side-by-side ETF comparison of FMNY and HYD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FMNY vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMNY HYD | -0.67%-0.86% | -4.72%-3.95% | -1.79%-1.57% | -1.18%-0.91% | +7.45%+13.01% | -3.89%-4.06% |
| Flows | FMNY HYD | -$11M+$368M | -$11M+$62M | -$547K+$535M | +$2M+$981M | +$14M+$1.81B | +$14M+$1.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMNY HYD | +5.80%+5.81% | +3.59%+3.64% | +4.12%+4.51% | +3.94%+4.67% |
| Max drawdown | FMNY HYD | -7.03%-6.17% | -7.49%-6.77% | -7.49%-6.77% | -15.62%-19.44% |
| Max drawdown duration | FMNY HYD | 88d92d | 102d102d | 102d102d | 1746d1747d |
Trading data
FMNY | HYD | |
Last sale 10/16/2026 at 1:30 PM | $25.22 | $48.74 |
| Previous close 10/15/2026 | $25.18 | $48.82 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FMNY
is actively managed and doesn’t replicate an indexFMNY | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FMNY | HYD | |
|---|---|---|
| Last price | $25.22 | $48.74 |
| 1D performance | +0.18% | -0.16% |
| AuM | $25.23 M | $4.35 B |
| E/R | 0.49% | 0.32% |
Characteristics
FMNY | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | - | 714 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 13, 2021 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
FMNY
Data will be available soon
HYD
USA
60.08%
Other
39.92%
Sectors
FMNY
Data will be available soon
HYD
Municipal
60.08%
Other
39.92%
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Diversification
FMNY
Data will be available soon
HYD
Total weight of top 15 holdings out of 15
8.65%
Top 15 holdings
Data as of January 1, 1970
FMNY
Data will be available soon
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
Frequently asked questions about FMNY and HYD
How have the FMNY and HYD ETFs performed in 2026?
As of October 15, 2026, FMNY is down -1.79% year-to-date (YTD), while HYD has lost -1.57%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: FMNY or HYD?
Year-to-date, the FMNY ETF saw -$547K in flows, compared to +$535M for HYD.
Which ETF is more volatile: FMNY or HYD?
Over the past year, FMNY had a volatility of 3.59%, while HYD experienced 3.64%.
Which ETF is bigger: FMNY or HYD?
As of October 15, 2026, FMNY holds $25.23 M in assets under management (AUM), while HYD manages $4.35 B.
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Latest news about FMNY & HYD
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HYD
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September 2, 2025
HYD
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