FTMH vs. DIVI
FTMH (Franklin Municipal High Yield ETF) and DIVI (Franklin International Core Dividend Tilt Index ETF) are both exchange-traded funds - FTMH is a High Yield Muni fund actively managed by Franklin Templeton, while DIVI is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. FTMH is actively managed, while DIVI is passively managed. At a 0.44 correlation, their price movements are largely independent. FTMH charges 0.35%/yr vs 0.09%/yr for DIVI.
Performance
FTMH vs. DIVI - Performance Comparison
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Returns By Period
In the year-to-date period, FTMH achieves a 4.02% return, which is significantly lower than DIVI's 11.26% return.
FTMH
- 1D
- -0.19%
- 1M
- 0.57%
- 6M
- 3.31%
- YTD
- 4.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIVI
- 1D
- -0.93%
- 1M
- -0.64%
- 6M
- 7.66%
- YTD
- 11.26%
- 1Y
- 24.55%
- 3Y*
- 16.83%
- 5Y*
- 13.14%
- 10Y*
- 10.94%
FTMH vs. DIVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 4.02% | -0.43% |
DIVI Franklin International Core Dividend Tilt Index ETF | 11.26% | 3.91% |
Correlation
The correlation between FTMH and DIVI is 0.44, 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 | 0.44 |
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Return for Risk
FTMH vs. DIVI — Risk / Return Rank
FTMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DIVI
FTMH vs. DIVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and Franklin International Core Dividend Tilt Index ETF (DIVI). 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.
| FTMH | DIVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.34 | — |
| Martin ratioReturn relative to average drawdown | — | 8.97 | — |
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Drawdowns
FTMH vs. DIVI - Drawdown Comparison
The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum DIVI drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for FTMH and DIVI.
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Drawdown Indicators
| FTMH | DIVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -27.76% | +24.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.76% | — |
Current DrawdownCurrent decline from peak | -0.69% | -1.69% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -3.61% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.74% | — |
Volatility
FTMH vs. DIVI - Volatility Comparison
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Volatility by Period
| FTMH | DIVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 15.37% | -11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.94% | 15.44% | -11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 16.32% | -12.38% |
FTMH vs. DIVI - Expense Ratio Comparison
FTMH has a 0.35% expense ratio, which is higher than DIVI's 0.09% expense ratio.
Dividends
FTMH vs. DIVI - Dividend Comparison
FTMH's dividend yield for the trailing twelve months is around 3.08%, less than DIVI's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVI Franklin International Core Dividend Tilt Index ETF | 3.64% | 3.76% | 4.39% | 3.17% | 6.03% | 2.77% | 8.04% | 1.61% | 5.67% | 5.22% | 11.56% |
FTMH Franklin Municipal High Yield ETF | 3.08% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTMH and DIVI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DIVI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DIVI is cheaper with a 0.09% expense ratio, compared with 0.35% for FTMH.
DIVI has the higher dividend yield at 3.64%, compared with 3.08% for FTMH.
FTMH is categorized as High Yield Muni, while DIVI is Foreign Large Cap Equities. Their fees differ too: 0.35% for FTMH and 0.09% for DIVI.
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