FTMH vs. USAI

Last updated Jul 18, 2026

FTMH (Franklin Municipal High Yield ETF) and USAI (Pacer American Energy Independence ETF) are both exchange-traded funds - FTMH is a High Yield Muni fund actively managed by Franklin Templeton, while USAI is a Energy Equities fund tracking the American Energy Independence Index. FTMH is actively managed, while USAI is passively managed. At a correlation of -0.18, they often move in opposite directions. FTMH charges 0.35%/yr vs 0.75%/yr for USAI.

Performance

FTMH vs. USAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Municipal High Yield ETF (FTMH) and Pacer American Energy Independence ETF (USAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTMH achieves a 3.78% return, which is significantly lower than USAI's 26.20% return.

FTMH

• 1D: -0.09%
• 1M: 0.46%
• 6M: 3.02%
• YTD: 3.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USAI

• 1D: 0.40%
• 1M: 6.16%
• 6M: 22.51%
• YTD: 26.20%
• 1Y: 22.99%
• 3Y*: 25.47%
• 5Y*: 20.85%
• 10Y*: —

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

FTMH vs. USAI - Yearly Performance Comparison

	2026 (YTD)	2025
FTMH Franklin Municipal High Yield ETF	3.78%	-0.43%
USAI Pacer American Energy Independence ETF	26.20%	3.63%

Correlation

The correlation between FTMH and USAI is -0.18, 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 27, 2025	-0.18

Return for Risk

FTMH vs. USAI — Risk / Return Rank

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

FTMH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USAI

USAI Risk / Return Rank: 51
USAI Sharpe Ratio Rank: 52
USAI Sortino Ratio Rank: 51
USAI Omega Ratio Rank: 46
USAI Calmar Ratio Rank: 65
USAI Martin Ratio Rank: 41

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. USAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and Pacer American Energy Independence ETF (USAI). 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	USAI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	2.00	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.56	—
Martin ratio: Return relative to average drawdown	—	5.20	—

Drawdowns

FTMH vs. USAI - Drawdown Comparison

The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum USAI drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for FTMH and USAI.

Drawdown Indicators

	FTMH	USAI	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-65.25%	+62.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.68%	—
Current Drawdown Current decline from peak	-0.93%	-2.89%	+1.96%
Average Drawdown Average peak-to-trough decline	-0.60%	-9.31%	+8.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.43%	—

Volatility

Volatility by Period

	FTMH	USAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.93%	16.20%	-12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.93%	20.45%	-16.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.93%	27.20%	-23.27%

FTMH vs. USAI - Expense Ratio Comparison

FTMH has a 0.35% expense ratio, which is lower than USAI's 0.75% expense ratio.

Dividends

FTMH vs. USAI - Dividend Comparison

FTMH's dividend yield for the trailing twelve months is around 3.09%, less than USAI's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTMH Franklin Municipal High Yield ETF	3.09%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USAI Pacer American Energy Independence ETF	4.07%	5.03%	3.62%	4.99%	5.41%	6.15%	7.67%	6.50%	5.56%	0.08%

Frequently Asked Questions

Can I hold both FTMH and USAI in my portfolio?

FTMH and USAI have a correlation of -0.18, 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 USAI?

On fees, FTMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTMH or USAI?

FTMH is cheaper with a 0.35% expense ratio, compared with 0.75% for USAI.

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

USAI has the higher dividend yield at 4.07%, compared with 3.09% for FTMH.

What is the main difference between FTMH and USAI?

FTMH is categorized as High Yield Muni, while USAI is Energy Equities. They also come from different issuers: Franklin Templeton and Pacer. Their fees differ too: 0.35% for FTMH and 0.75% for USAI.