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. Their 0.24 correlation means their historical movements had little consistent relationship. 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 -6.34% return, which is significantly lower than FTMH's 2.28% return.
FGDL
- 1D
- -0.15%
- 1M
- -1.51%
- 6M
- -13.15%
- YTD
- -6.34%
- 1Y
- 20.61%
- 3Y*
- 27.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.59%
FTMH
- 1D
- -0.08%
- 1M
- -2.35%
- 6M
- 1.36%
- YTD
- 2.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $970.05K | $896.65K | $1.27M | |
| $2.31M | $2.29M | $2.08M |
FGDL vs. FTMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | -6.34% | 4.96% |
FTMH Franklin Municipal High Yield ETF | 2.28% | -0.43% |
Correlation
The correlation between FGDL and FTMH is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.24 |
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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 | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | — | — |
| Martin ratioReturn relative to average drawdown | 1.66 | — | — |
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Drawdowns
FGDL vs. FTMH - Drawdown Comparison
The maximum FGDL drawdown since its inception was -26.58%, 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 | -26.58% | -3.12% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -26.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.58% | — | — |
Current DrawdownCurrent decline from peak | -25.16% | -2.35% | -22.81% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -0.67% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | — | — |
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 | 5.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.25% | 4.03% | +24.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.39% | 4.03% | +15.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 4.03% | +15.36% |
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 3.59%.
| Position | TTM | 2025 |
|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 0.00% | 0.00% |
FTMH Franklin Municipal High Yield ETF | 3.59% | 0.86% |
Frequently Asked Questions
FGDL and FTMH have a correlation of 0.24, 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 3.59%, 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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