FTMH vs. IYE
FTMH (Franklin Municipal High Yield ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - FTMH is a High Yield Muni fund actively managed by Franklin Templeton, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. FTMH is actively managed, while IYE is passively managed. At a correlation of -0.21, they often move in opposite directions. FTMH charges 0.35%/yr vs 0.42%/yr for IYE.
Performance
FTMH vs. IYE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTMH achieves a 3.78% return, which is significantly lower than IYE's 30.18% return.
FTMH
- 1D
- -0.09%
- 1M
- 0.46%
- 6M
- 3.02%
- YTD
- 3.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYE
- 1D
- 1.19%
- 1M
- 6.13%
- 6M
- 22.40%
- YTD
- 30.18%
- 1Y
- 36.49%
- 3Y*
- 15.02%
- 5Y*
- 22.04%
- 10Y*
- 8.42%
FTMH vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 3.78% | -0.43% |
IYE iShares U.S. Energy ETF | 30.18% | 2.26% |
Correlation
The correlation between FTMH and IYE is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | -0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTMH vs. IYE — Risk / Return Rank
FTMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYE
FTMH vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and iShares U.S. Energy ETF (IYE). 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 | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.52 | — |
| Martin ratioReturn relative to average drawdown | — | 6.71 | — |
Loading charts...
Drawdowns
FTMH vs. IYE - Drawdown Comparison
The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for FTMH and IYE.
Loading charts...
Drawdown Indicators
| FTMH | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -73.74% | +70.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.59% | — |
Current DrawdownCurrent decline from peak | -0.93% | -7.01% | +6.08% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -19.32% | +18.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.45% | — |
Volatility
FTMH vs. IYE - Volatility Comparison
Loading charts...
Volatility by Period
| FTMH | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 20.41% | -16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 25.55% | -21.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 29.50% | -25.57% |
FTMH vs. IYE - Expense Ratio Comparison
FTMH has a 0.35% expense ratio, which is lower than IYE's 0.42% expense ratio.
Dividends
FTMH vs. IYE - Dividend Comparison
FTMH's dividend yield for the trailing twelve months is around 3.09%, more than IYE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTMH Franklin Municipal High Yield ETF | 3.09% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYE iShares U.S. Energy ETF | 2.18% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
Frequently Asked Questions
FTMH and IYE 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, FTMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTMH is cheaper with a 0.35% expense ratio, compared with 0.42% for IYE.
FTMH has the higher dividend yield at 3.09%, compared with 2.18% for IYE.
FTMH is categorized as High Yield Muni, while IYE is Energy Equities. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FTMH and 0.42% for IYE.
Find the right allocation for FTMH and IYE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer