FTMH vs. JMHI
FTMH (Franklin Municipal High Yield ETF) and JMHI (JPMorgan High Yield Municipal ETF) are both High Yield Muni funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
FTMH vs. JMHI - Performance Comparison
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Returns By Period
In the year-to-date period, FTMH achieves a 3.83% return, which is significantly higher than JMHI's 2.00% return.
FTMH
- 1D
- -0.08%
- 1M
- 2.14%
- YTD
- 3.83%
- 6M
- 3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMHI
- 1D
- -0.10%
- 1M
- 1.40%
- YTD
- 2.00%
- 6M
- 2.33%
- 1Y
- 6.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTMH vs. JMHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 3.83% | -0.43% |
JMHI JPMorgan High Yield Municipal ETF | 2.00% | 0.05% |
Correlation
The correlation between FTMH and JMHI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.54 |
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Return for Risk
FTMH vs. JMHI — Risk / Return Rank
FTMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JMHI
FTMH vs. JMHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and JPMorgan High Yield Municipal ETF (JMHI). 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 | JMHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.15 | — |
| Martin ratioReturn relative to average drawdown | — | 7.48 | — |
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Drawdowns
FTMH vs. JMHI - Drawdown Comparison
The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum JMHI drawdown of -7.11%. Use the drawdown chart below to compare losses from any high point for FTMH and JMHI.
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Drawdown Indicators
| FTMH | JMHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -7.11% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.93% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.10% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -1.27% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.84% | — |
Volatility
FTMH vs. JMHI - Volatility Comparison
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Volatility by Period
| FTMH | JMHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 3.16% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 4.46% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 4.46% | -0.44% |
FTMH vs. JMHI - Expense Ratio Comparison
Both FTMH and JMHI have an expense ratio of 0.35%.
Dividends
FTMH vs. JMHI - Dividend Comparison
FTMH's dividend yield for the trailing twelve months is around 2.70%, less than JMHI's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTMH Franklin Municipal High Yield ETF | 2.70% | 0.86% | 0.00% | 0.00% |
JMHI JPMorgan High Yield Municipal ETF | 4.52% | 4.42% | 4.49% | 2.48% |
Frequently Asked Questions
FTMH and JMHI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FTMH and JMHI have the same expense ratio: 0.35% per year.
JMHI has the higher dividend yield at 4.52%, compared with 2.70% for FTMH.
They also come from different issuers: Franklin Templeton and JPMorgan.
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