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. Their 0.61 correlation means they have sometimes moved together and sometimes differently. 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 2.28% return, which is significantly higher than JMHI's 0.68% return.
FTMH
- 1D
- -0.08%
- 1M
- -2.35%
- 6M
- 1.36%
- YTD
- 2.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JMHI
- 1D
- 0.08%
- 1M
- -2.08%
- 6M
- -0.18%
- YTD
- 0.68%
- 1Y
- 4.48%
- 3Y*
- 4.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.31M | $2.29M | $2.08M | |
| $3.58M | $2.23M | $1.49M |
FTMH vs. JMHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 2.28% | -0.43% |
JMHI JPMorgan High Yield Municipal ETF | 0.68% | 0.05% |
Correlation
The correlation between FTMH and JMHI is 0.61, 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 | 0.61 |
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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 | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.53 | — |
| Martin ratioReturn relative to average drawdown | — | 5.06 | — |
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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% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.30% | — |
Current DrawdownCurrent decline from peak | -2.35% | -2.08% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -1.26% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.89% | — |
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 | — | 1.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 3.17% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 4.44% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 4.44% | -0.41% |
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 3.59%, less than JMHI's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTMH Franklin Municipal High Yield ETF | 3.59% | 0.86% | 0.00% | 0.00% |
JMHI JPMorgan High Yield Municipal ETF | 4.51% | 4.42% | 4.49% | 2.48% |
Frequently Asked Questions
FTMH and JMHI have a correlation of 0.61, 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 4.51%, compared with 3.59% for FTMH.
They also come from different issuers: Franklin Templeton and JPMorgan.
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