Aberdeen Municipal Income Fund (MFM) vs WhiteHorse Finance (WHF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
WhiteHorse Finance (WHF) has outperformed Aberdeen Municipal Income Fund (MFM) over the past year, gaining 1.2% versus a loss of 9.5%. Over five years, MFM leads with a -31.3% price change compared with -56.4% for WHF. Aberdeen Municipal Income Fund is the larger company by market cap ($202.4 million vs $151.2 million), about 1.3 times the size.
On valuation, WhiteHorse Finance trades at a lower trailing P/E (9.0x vs 12.0x for Aberdeen Municipal Income Fund). WhiteHorse Finance offers the higher dividend yield (16.12% vs 5.74%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MFM | WHF |
|---|---|---|
| Share price | $4.92 | $7.04 |
| Market cap | $202.44M | $151.19M |
| 1-day change | +1.55% | +1.73% |
| YTD return | -10.87% | -0.43% |
| 1-year return | -9.53% | +1.17% |
| 5-year return | -31.35% | -56.40% |
| P/E ratio (TTM) | 11.99 | 9.03 |
| Forward P/E | — | 7.20 |
| EPS (TTM) | $0.41 | $0.78 |
| Dividend yield | 5.74% | 16.12% |
| Annual dividend | $0.282 | $1.14 |
| 52-week high | $5.67 | $7.84 |
| 52-week low | $4.75 | $6.07 |
| Distance from 52-week high | -13.32% | -10.20% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | — | +11.22% |
| Average volume | 382.33K | 73.78K |
| Shares outstanding | 41.19M | 21.48M |
| Sector | Finance | Finance |
| Industry | Finance Companies | Finance Companies |
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
- WHF has outperformed MFM by 10.7 percentage points over the past year.
- Aberdeen Municipal Income Fund trades at a higher earnings multiple (12.0x vs 9.0x trailing P/E).
- WhiteHorse Finance offers a meaningfully higher dividend yield (16.12% vs 5.74%).
About Aberdeen Municipal Income Fund
MFM stock →Aberdeen Municipal Income Fund is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States.
Finance · Finance Companies
About WhiteHorse Finance
WHF stock →WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries.
Finance · Finance Companies
MFM vs WHF FAQ
Which is bigger, Aberdeen Municipal Income Fund or WhiteHorse Finance?
Aberdeen Municipal Income Fund (MFM) is larger, with a market capitalization of $202.44M compared with $151.19M for WhiteHorse Finance (WHF).
Which stock has performed better over the past year, MFM or WHF?
WHF returned +1.17% over the past 12 months, compared with -9.53% for MFM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MFM or WHF?
WHF has the lower trailing P/E at 9.0, versus 12.0 for MFM. 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, Aberdeen Municipal Income Fund or WhiteHorse Finance?
WhiteHorse Finance has the higher yield at 16.12%, compared with 5.74% for Aberdeen Municipal Income Fund.
Are Aberdeen Municipal Income Fund and WhiteHorse Finance in the same industry?
Yes. Both are classified in the Finance Companies industry within the Finance sector.