FTMH vs. SHYM

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Municipal High Yield ETF (FTMH) and iShares Short Duration High Yield Muni Active ETF (SHYM).

FTMH and SHYM 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. SHYM is an actively managed fund by iShares. It was launched on Mar 16, 2021.

Performance

FTMH vs. SHYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Municipal High Yield ETF (FTMH) and iShares Short Duration High Yield Muni Active ETF (SHYM). The values are adjusted to include any dividend payments, if applicable.

FTMH vs. SHYM - Yearly Performance Comparison

	2026 (YTD)	2025
FTMH Franklin Municipal High Yield ETF	0.39%	0.11%
SHYM iShares Short Duration High Yield Muni Active ETF	-0.21%	0.43%

Returns By Period

In the year-to-date period, FTMH achieves a 0.39% return, which is significantly higher than SHYM's -0.21% return.

FTMH

• 1D: 0.26%
• 1M: -2.44%
• YTD: 0.39%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHYM

• 1D: 0.14%
• 1M: -1.88%
• YTD: -0.21%
• 6M: 0.82%
• 1Y: 1.60%
• 3Y*: 5.27%
• 5Y*: 1.35%
• 10Y*: —

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

FTMH vs. SHYM - Expense Ratio Comparison

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

FTMH

Franklin Municipal High Yield ETF

SHYM

iShares Short Duration High Yield Muni Active ETF

Return for Risk

FTMH vs. SHYM — Risk / Return Rank

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

SHYM

SHYM Risk / Return Rank: 18
SHYM Sharpe Ratio Rank: 17
SHYM Sortino Ratio Rank: 15
SHYM Omega Ratio Rank: 19
SHYM Calmar Ratio Rank: 17
SHYM Martin Ratio Rank: 21

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. SHYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and iShares Short Duration High Yield Muni Active ETF (SHYM). 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	SHYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.21	+0.10

Correlation

The correlation between FTMH and SHYM is 0.48, 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. SHYM - Dividend Comparison

FTMH's dividend yield for the trailing twelve months is around 1.61%, less than SHYM's 4.55% yield.

	TTM	2025	2024	2023	2022	2021
FTMH Franklin Municipal High Yield ETF	1.61%	0.86%	0.00%	0.00%	0.00%	0.00%
SHYM iShares Short Duration High Yield Muni Active ETF	4.55%	4.55%	4.35%	4.35%	4.01%	2.97%

Drawdowns

FTMH vs. SHYM - Drawdown Comparison

The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum SHYM drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for FTMH and SHYM.

Drawdown Indicators

	FTMH	SHYM	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-22.55%	+19.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.55%	—
Current Drawdown Current decline from peak	-2.44%	-1.88%	-0.56%
Average Drawdown Average peak-to-trough decline	-0.58%	-6.97%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.37%	—

Volatility

Volatility by Period

	FTMH	SHYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	7.93%	-4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	7.07%	-3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	7.05%	-3.17%