FTMH vs. HIMU

Last updated Aug 2, 2026

FTMH (Franklin Municipal High Yield ETF) and HIMU (iShares High Yield Muni Active ETF) are both High Yield Muni funds. Both are actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FTMH charges 0.35%/yr vs 0.42%/yr for HIMU.

Performance

FTMH vs. HIMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Municipal High Yield ETF (FTMH) and iShares High Yield Muni Active ETF (HIMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FTMH having a 2.36% return and HIMU slightly lower at 2.34%.

FTMH

• 1D: -0.17%
• 1M: -2.28%
• 6M: 1.66%
• YTD: 2.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

HIMU

• 1D: -0.10%
• 1M: -2.16%
• 6M: 1.49%
• YTD: 2.34%
• 1Y: 6.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTMH Franklin Municipal High Yield ETF	$2.21M	$2.22M	$2.07M
HIMU iShares High Yield Muni Active ETF	$15.56M	$15.88M	$18.31M

FTMH vs. HIMU - Yearly Performance Comparison

	2026 (YTD)	2025
FTMH Franklin Municipal High Yield ETF	2.36%	-0.43%
HIMU iShares High Yield Muni Active ETF	2.34%	-0.15%

Correlation

The correlation between FTMH and HIMU is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.70

Return for Risk

FTMH vs. HIMU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTMH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HIMU

HIMU Risk / Return Rank: 77
HIMU Sharpe Ratio Rank: 80
HIMU Sortino Ratio Rank: 81
HIMU Omega Ratio Rank: 84
HIMU Calmar Ratio Rank: 67
HIMU Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTMH vs. HIMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and iShares High Yield Muni Active ETF (HIMU). 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	HIMU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.81	—
Sortino ratio: Return per unit of downside risk	—	2.61	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.34	—
Martin ratio: Return relative to average drawdown	—	8.96	—

Drawdowns

FTMH vs. HIMU - Drawdown Comparison

The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum HIMU drawdown of -8.01%. Use the drawdown chart below to compare losses from any high point for FTMH and HIMU.

Drawdown Indicators

	FTMH	HIMU	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-8.01%	+4.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.29%	—
Current Drawdown Current decline from peak	-2.28%	-2.20%	-0.08%
Average Drawdown Average peak-to-trough decline	-0.66%	-1.63%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.86%	—

Volatility

Volatility by Period

	FTMH	HIMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.04%	4.25%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.04%	7.12%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.04%	7.12%	-3.08%

FTMH vs. HIMU - Expense Ratio Comparison

FTMH has a 0.35% expense ratio, which is lower than HIMU's 0.42% expense ratio.

Dividends

FTMH vs. HIMU - Dividend Comparison

FTMH's dividend yield for the trailing twelve months is around 3.13%, less than HIMU's 5.19% yield.

Position	TTM	2025
FTMH Franklin Municipal High Yield ETF	3.13%	0.86%
HIMU iShares High Yield Muni Active ETF	4.80%	4.57%

Frequently Asked Questions

Can I hold both FTMH and HIMU in my portfolio?

FTMH and HIMU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTMH or HIMU?

On fees, FTMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTMH or HIMU?

FTMH is cheaper with a 0.35% expense ratio, compared with 0.42% for HIMU.

Which ETF pays a higher dividend yield, FTMH or HIMU?

HIMU has the higher dividend yield at 4.80%, compared with 3.13% for FTMH.

What is the main difference between FTMH and HIMU?

They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FTMH and 0.42% for HIMU.