FTMH vs. EZBC
FTMH (Franklin Municipal High Yield ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FTMH is a High Yield Muni fund actively managed by Franklin Templeton, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. FTMH is actively managed, while EZBC is passively managed. At a 0.21 correlation, their price movements are largely independent. FTMH charges 0.35%/yr vs 0.19%/yr for EZBC.
Performance
FTMH vs. EZBC - Performance Comparison
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Returns By Period
In the year-to-date period, FTMH achieves a 3.48% return, which is significantly higher than EZBC's -25.36% return.
FTMH
- 1D
- 0.00%
- 1M
- 1.24%
- YTD
- 3.48%
- 6M
- 3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZBC
- 1D
- -2.73%
- 1M
- -18.42%
- YTD
- -25.36%
- 6M
- -29.82%
- 1Y
- -38.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTMH vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 3.48% | 0.11% |
EZBC Franklin Bitcoin ETF | -25.36% | -23.99% |
Correlation
The correlation between FTMH and EZBC is 0.21, 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 28, 2025 | 0.21 |
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Return for Risk
FTMH vs. EZBC — Risk / Return Rank
FTMH
EZBC
FTMH vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and Franklin Bitcoin ETF (EZBC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FTMH | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 0.30 | +1.23 |
Drawdowns
FTMH vs. EZBC - Drawdown Comparison
The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for FTMH and EZBC.
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Drawdown Indicators
| FTMH | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -49.37% | +46.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.37% | — |
Current DrawdownCurrent decline from peak | 0.00% | -48.04% | +48.04% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -16.01% | +15.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.42% | — |
Volatility
FTMH vs. EZBC - Volatility Comparison
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Volatility by Period
| FTMH | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 43.67% | -39.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.00% | 50.06% | -46.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 50.06% | -46.06% |
FTMH vs. EZBC - Expense Ratio Comparison
FTMH has a 0.35% expense ratio, which is higher than EZBC's 0.19% expense ratio.
Dividends
FTMH vs. EZBC - Dividend Comparison
FTMH's dividend yield for the trailing twelve months is around 2.71%, while EZBC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% |
FTMH Franklin Municipal High Yield ETF | 2.71% | 0.86% |
Frequently Asked Questions
FTMH and EZBC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.35% for FTMH.
FTMH has the higher dividend yield at 2.71%, compared with 0.00% for EZBC.
FTMH is categorized as High Yield Muni, while EZBC is Cryptocurrency. Their fees differ too: 0.35% for FTMH and 0.19% for EZBC.
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