Franklin Municipal High Yield ETF (FTMH) belongs to the High Yield Muni category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FTMH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FTMH
FTMH charges 0.35% annually. There are 2 ETFs in the High Yield Muni category with lower expense ratios, going as low as 0.32%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price High Income Municipal ETF | 0.32% | 25.42M | Nov 2025 | FTMH vs THYM | |
| Capital Group Municipal High-Income ETF | 0.34% | 3.22B | Jun 2024 | FTMH vs CGHM | |
| JPMorgan High Yield Municipal ETF | 0.35% | 280.74M | Jul 2023 | FTMH vs JMHI | |
| iShares Short Duration High Yield Muni Active ETF | 0.35% | 788.12M | Mar 2021 | FTMH vs SHYM | |
| Nuveen High Yield Municipal Income ETF | 0.35% | 137.99M | Jan 2025 | FTMH vs NHYM |
Best Risk-Adjusted Alternatives to FTMH
Among 11 ETFs in the High Yield Muni category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance High Income Municipal ETF | 94 | 57.80M | Feb 2025 | FTMH vs EVYM | |
| Rockefeller Opportunistic Municipal Bond ETF | 93 | 209.80M | Aug 2024 | FTMH vs RMOP | |
| Capital Group Municipal High-Income ETF | 92 | 3.22B | Jun 2024 | FTMH vs CGHM | |
| Invesco Rochester High Yield Municipal ETF | 89 | 131.53M | Dec 2022 | FTMH vs IROC | |
| Nomura National High-Yield Municipal Bond ETF | 88 | 30.14M | Mar 2025 | FTMH vs HTAX |
Top Performing FTMH Alternatives (YTD)
FTMH is at 3.86% YTD. There are 4 ETFs in the High Yield Muni category with higher YTD returns, going as high as 4.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck CEF Municipal Income ETF | 4.58% | 223.14M | Jul 2011 | FTMH vs XMPT | |
| Rockefeller Opportunistic Municipal Bond ETF | 4.04% | 209.80M | Aug 2024 | FTMH vs RMOP | |
| Nomura National High-Yield Municipal Bond ETF | 3.92% | 30.14M | Mar 2025 | FTMH vs HTAX | |
| Eaton Vance High Income Municipal ETF | 3.89% | 57.80M | Feb 2025 | FTMH vs EVYM | |
| iShares High Yield Muni Active ETF | 3.77% | — | Feb 2025 | FTMH vs HIMU |
Lowest Volatility Alternatives to FTMH
FTMH has 3.93% 1-year volatility. There are 7 ETFs in the High Yield Muni category with lower 1-year volatility, going as low as 2.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree High Income Laddered Municipal ETF | 2.56% | 5.08M | Apr 2025 | FTMH vs WTMY | |
| iShares Short Duration High Yield Muni Active ETF | 2.74% | 788.12M | Mar 2021 | FTMH vs SHYM | |
| Invesco Rochester High Yield Municipal ETF | 3.02% | 131.53M | Dec 2022 | FTMH vs IROC | |
| Capital Group Municipal High-Income ETF | 3.14% | 3.22B | Jun 2024 | FTMH vs CGHM | |
| JPMorgan High Yield Municipal ETF | 3.19% | 280.74M | Jul 2023 | FTMH vs JMHI |
Lowest Drawdown Alternatives to FTMH
Among 11 ETFs in the High Yield Muni category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -2.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Short Duration High Yield Muni Active ETF | -2.23% | 788.12M | Mar 2021 | FTMH vs SHYM | |
| Capital Group Municipal High-Income ETF | -2.55% | 3.22B | Jun 2024 | FTMH vs CGHM | |
| Invesco Rochester High Yield Municipal ETF | -2.64% | 131.53M | Dec 2022 | FTMH vs IROC | |
| Rockefeller Opportunistic Municipal Bond ETF | -2.66% | 209.80M | Aug 2024 | FTMH vs RMOP | |
| WisdomTree High Income Laddered Municipal ETF | -2.71% | 5.08M | Apr 2025 | FTMH vs WTMY |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 11 categories. AUM among these funds goes as high as $5B.
Often Compared With FTMH
Investors most often compare FTMH with YYYM, UCO, EZBC. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FTMH with Any Fund or Stock
Compare FTMH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FTMH with funds that move differently
Franklin Municipal High Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FTMH.
Explore FTMH Diversifiers