FTMH vs. OILT

Last updated Jun 5, 2026

FTMH (Franklin Municipal High Yield ETF) and OILT (Texas Capital Texas Oil Index ETF) are both exchange-traded funds - FTMH is a High Yield Muni fund actively managed by Franklin Templeton, while OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. FTMH is actively managed, while OILT is passively managed. At a correlation of -0.23, they often move in opposite directions. Both charge a 0.35% expense ratio.

Performance

FTMH vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Municipal High Yield ETF (FTMH) and Texas Capital Texas Oil Index ETF (OILT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTMH achieves a 3.65% return, which is significantly lower than OILT's 34.29% return.

FTMH

• 1D: 0.17%
• 1M: 1.27%
• YTD: 3.65%
• 6M: 4.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILT

• 1D: -0.77%
• 1M: -4.95%
• YTD: 34.29%
• 6M: 28.46%
• 1Y: 49.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTMH vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025
FTMH Franklin Municipal High Yield ETF	3.65%	0.11%
OILT Texas Capital Texas Oil Index ETF	34.29%	4.64%

Correlation

The correlation between FTMH and OILT is -0.23, 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 28, 2025	-0.23

Return for Risk

FTMH vs. OILT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OILT

OILT Risk / Return Rank: 54
OILT Sharpe Ratio Rank: 53
OILT Sortino Ratio Rank: 48
OILT Omega Ratio Rank: 44
OILT Calmar Ratio Rank: 72
OILT Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTMH vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and Texas Capital Texas Oil Index ETF (OILT). 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.

Sharpe Ratios by Period

	FTMH	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.41	+1.19

Drawdowns

FTMH vs. OILT - Drawdown Comparison

The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for FTMH and OILT.

Drawdown Indicators

	FTMH	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-35.21%	+32.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.79%	—
Current Drawdown Current decline from peak	0.00%	-9.37%	+9.37%
Average Drawdown Average peak-to-trough decline	-0.59%	-12.92%	+12.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.69%	—

Volatility

Volatility by Period

	FTMH	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.99%	27.96%	-23.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.99%	28.70%	-24.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.99%	28.70%	-24.71%

FTMH vs. OILT - Expense Ratio Comparison

Both FTMH and OILT have an expense ratio of 0.35%.

Dividends

FTMH vs. OILT - Dividend Comparison

FTMH's dividend yield for the trailing twelve months is around 2.71%, more than OILT's 2.45% yield.

Position	TTM	2025	2024
FTMH Franklin Municipal High Yield ETF	2.71%	0.86%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.45%	3.12%	2.63%

Frequently Asked Questions

Can I hold both FTMH and OILT in my portfolio?

FTMH and OILT have a correlation of -0.23, 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 OILT?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTMH or OILT?

FTMH and OILT have the same expense ratio: 0.35% per year.

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

FTMH has the higher dividend yield at 2.71%, compared with 2.45% for OILT.

What is the main difference between FTMH and OILT?

FTMH is categorized as High Yield Muni, while OILT is Energy Equities. They also come from different issuers: Franklin Templeton and Texas Capital.