MFLXvsHYDETF Comparison
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First Trust Flexible Municipal High Income ETF (MFLX) and VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. In contrast, HYD's top sector exposures are Municipal. MFLX is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.32% for HYD. MFLX is down -0.83% year-to-date (YTD) with +$3M in YTD flows. HYD performs worse with -1.57% YTD performance, and +$535M in YTD flows. Run a side-by-side ETF comparison of MFLX 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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MFLX vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MFLX HYD | -0.94%-0.86% | -4.90%-3.95% | -0.83%-1.57% | -0.46%-0.91% | +16.03%+13.01% | -4.75%-4.06% |
| Flows | MFLX HYD | -+$368M | -+$62M | +$3M+$535M | +$3M+$981M | +$8M+$1.81B | +$4M+$1.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MFLX HYD | +6.52%+5.81% | +4.21%+3.64% | +4.84%+4.51% | +5.53%+4.67% |
| Max drawdown | MFLX HYD | -7.53%-6.17% | -7.87%-6.77% | -7.87%-6.77% | -24.25%-19.44% |
| Max drawdown duration | MFLX HYD | 89d92d | 102d102d | 102d102d | 1748d1747d |
Trading data
MFLX | HYD | |
Last sale 10/16/2026 at 7:43 PM | $16.16 | $48.46 |
| Previous close 10/16/2026 | $16.14 | $48.74 |
| Consolidated volume 10/16/2026 | ||
| 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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MFLX
is actively managed and doesn’t replicate an indexMFLX | 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 7:43 PM
Live
Closed
MFLX | HYD | |
|---|---|---|
| Last price | $16.16 | $48.46 |
| 1D performance | +0.15% | -0.57% |
| AuM | $20.26 M | $4.35 B |
| E/R | 0.49% | 0.32% |
Characteristics
MFLX | 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 | September 27, 2016 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
MFLX
Data will be available soon
HYD
USA
60.08%
Other
39.92%
Sectors
MFLX
Data will be available soon
HYD
Municipal
60.08%
Other
39.92%
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Diversification
MFLX
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
MFLX
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 MFLX and HYD
How have the MFLX and HYD ETFs performed in 2026?
As of October 16, 2026, MFLX is down -0.83% year-to-date (YTD), while HYD has lost -1.57%. That puts MFLX better performer ahead so far this year.
Which ETF is attracting more investor money: MFLX or HYD?
Year-to-date, the MFLX ETF saw +$3M in flows, compared to +$535M for HYD.
Which ETF is more volatile: MFLX or HYD?
Over the past year, MFLX had a volatility of 4.21%, while HYD experienced 3.64%.
Which ETF is bigger: MFLX or HYD?
As of October 16, 2026, MFLX holds $20.26 M in assets under management (AUM), while HYD manages $4.35 B.
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Latest news about MFLX & HYD
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September 2, 2025
HYD
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