FTMH vs. NHYM
Compare and contrast key facts about Franklin Municipal High Yield ETF (FTMH) and Nuveen High Yield Municipal Income ETF (NHYM).
FTMH and NHYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTMH is an actively managed fund by Franklin Templeton. It was launched on May 22, 2018. NHYM is an actively managed fund by Nuveen. It was launched on Jan 22, 2025.
Performance
FTMH vs. NHYM - Performance Comparison
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FTMH vs. NHYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 0.39% | 0.11% |
NHYM Nuveen High Yield Municipal Income ETF | 0.27% | 0.09% |
Returns By Period
In the year-to-date period, FTMH achieves a 0.39% return, which is significantly higher than NHYM's 0.27% return.
FTMH
- 1D
- 0.26%
- 1M
- -2.44%
- YTD
- 0.39%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NHYM
- 1D
- 0.57%
- 1M
- -2.08%
- YTD
- 0.27%
- 6M
- 2.40%
- 1Y
- 3.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FTMH vs. NHYM - Expense Ratio Comparison
Both FTMH and NHYM have an expense ratio of 0.35%.
Return for Risk
FTMH vs. NHYM — Risk / Return Rank
FTMH
NHYM
FTMH vs. NHYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and Nuveen High Yield Municipal Income ETF (NHYM). 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 | NHYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.48 | -0.17 |
Correlation
The correlation between FTMH and NHYM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FTMH vs. NHYM - Dividend Comparison
FTMH's dividend yield for the trailing twelve months is around 1.61%, less than NHYM's 4.52% yield.
| TTM | 2025 | |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 1.61% | 0.86% |
NHYM Nuveen High Yield Municipal Income ETF | 4.21% | 4.06% |
Drawdowns
FTMH vs. NHYM - Drawdown Comparison
The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum NHYM drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for FTMH and NHYM.
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Drawdown Indicators
| FTMH | NHYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -6.11% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.52% | — |
Current DrawdownCurrent decline from peak | -2.44% | -2.08% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -0.58% | -1.89% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.44% | — |
Volatility
FTMH vs. NHYM - Volatility Comparison
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Volatility by Period
| FTMH | NHYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 6.38% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.88% | 6.19% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.88% | 6.19% | -2.31% |