First Enhanced Equity Income Fund (FFA) vs Western Asset Managed Municipals Fund (MMU)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Western Asset Managed Municipals Fund is the larger company by market cap ($483.6 million vs $447.9 million), about 1.1 times the size. On valuation, First Enhanced Equity Income Fund trades at a lower trailing P/E (4.7x vs 9.5x for Western Asset Managed Municipals Fund). Western Asset Managed Municipals Fund offers the higher dividend yield (7.35% vs 6.92%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | FFA | MMU |
|---|---|---|
| Share price | $22.41 | $8.90 |
| Market cap | $447.93M | $483.60M |
| 1-day change | +0.72% | -1.44% |
| P/E ratio (TTM) | 4.71 | 9.47 |
| EPS (TTM) | $4.76 | $0.94 |
| Dividend yield | 6.92% | 7.35% |
| Annual dividend | $1.55 | $0.654 |
| 52-week high | $23.82 | $10.71 |
| 52-week low | $19.50 | $8.71 |
| Distance from 52-week high | -5.92% | -16.90% |
| Average volume | 25.73K | 177.80K |
| Shares outstanding | 19.99M | 54.34M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset Managed Municipals Fund trades at a higher earnings multiple (9.5x vs 4.7x trailing P/E).
FFA vs MMU FAQ
Which is bigger, First Enhanced Equity Income Fund or Western Asset Managed Municipals Fund?
Western Asset Managed Municipals Fund (MMU) is larger, with a market capitalization of $483.60M compared with $447.93M for First Enhanced Equity Income Fund (FFA).
Which has the lower P/E ratio, FFA or MMU?
FFA has the lower trailing P/E at 4.7, versus 9.5 for MMU. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Enhanced Equity Income Fund or Western Asset Managed Municipals Fund?
Western Asset Managed Municipals Fund has the higher yield at 7.35%, compared with 6.92% for First Enhanced Equity Income Fund.
Are First Enhanced Equity Income Fund and Western Asset Managed Municipals Fund in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.