FGDL vs. FTMH
FGDL (Franklin Responsibly Sourced Gold ETF) and FTMH (Franklin Municipal High Yield ETF) are both exchange-traded funds - FGDL is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while FTMH is a High Yield Muni fund actively managed by Franklin Templeton. FGDL is passively managed, while FTMH is actively managed. At a 0.25 correlation, their price movements are largely independent. FGDL charges 0.15%/yr vs 0.35%/yr for FTMH.
Performance
FGDL vs. FTMH - Performance Comparison
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Returns By Period
In the year-to-date period, FGDL achieves a -6.39% return, which is significantly lower than FTMH's 4.31% return.
FGDL
- 1D
- 1.35%
- 1M
- -3.68%
- 6M
- -11.71%
- YTD
- -6.39%
- 1Y
- 20.86%
- 3Y*
- 27.30%
- 5Y*
- —
- 10Y*
- —
FTMH
- 1D
- 0.27%
- 1M
- 0.84%
- 6M
- 3.50%
- YTD
- 4.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FGDL vs. FTMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | -6.39% | 4.96% |
FTMH Franklin Municipal High Yield ETF | 4.31% | -0.43% |
Correlation
The correlation between FGDL and FTMH is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.25 |
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Return for Risk
FGDL vs. FTMH — Risk / Return Rank
FGDL
FTMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FGDL vs. FTMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and Franklin Municipal High Yield ETF (FTMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FGDL | FTMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | — | — |
| Martin ratioReturn relative to average drawdown | 1.91 | — | — |
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Drawdowns
FGDL vs. FTMH - Drawdown Comparison
The maximum FGDL drawdown since its inception was -26.48%, which is greater than FTMH's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for FGDL and FTMH.
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Drawdown Indicators
| FGDL | FTMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.48% | -3.12% | -23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -26.48% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.48% | — | — |
Current DrawdownCurrent decline from peak | -25.20% | -0.42% | -24.78% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -0.59% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.94% | — | — |
Volatility
FGDL vs. FTMH - Volatility Comparison
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Volatility by Period
| FGDL | FTMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.14% | 3.94% | +24.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 3.94% | +15.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 3.94% | +15.46% |
FGDL vs. FTMH - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than FTMH's 0.35% expense ratio.
Dividends
FGDL vs. FTMH - Dividend Comparison
FGDL has not paid dividends to shareholders, while FTMH's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 |
|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 0.00% | 0.00% |
FTMH Franklin Municipal High Yield ETF | 3.07% | 0.86% |
Frequently Asked Questions
FGDL and FTMH have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FGDL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FGDL is cheaper with a 0.15% expense ratio, compared with 0.35% for FTMH.
FTMH has the higher dividend yield at 3.07%, compared with 0.00% for FGDL.
FGDL is categorized as Gold, while FTMH is High Yield Muni. Their fees differ too: 0.15% for FGDL and 0.35% for FTMH.
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