FTMH vs. USCI

Last updated Jun 4, 2026

FTMH (Franklin Municipal High Yield ETF) and USCI (United States Commodity Index Fund) are both exchange-traded funds - FTMH is a High Yield Muni fund actively managed by Franklin Templeton, while USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR). FTMH is actively managed, while USCI is passively managed. At a correlation of -0.22, they often move in opposite directions. FTMH charges 0.35%/yr vs 1.03%/yr for USCI.

Performance

FTMH vs. USCI - Performance Comparison

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

Returns By Period

In the year-to-date period, FTMH achieves a 3.48% return, which is significantly lower than USCI's 28.22% return.

FTMH

• 1D: 0.00%
• 1M: 1.24%
• YTD: 3.48%
• 6M: 3.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCI

• 1D: 0.11%
• 1M: -1.22%
• YTD: 28.22%
• 6M: 26.35%
• 1Y: 40.33%
• 3Y*: 23.15%
• 5Y*: 19.28%
• 10Y*: 8.86%

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

FTMH vs. USCI - Yearly Performance Comparison

	2026 (YTD)	2025
FTMH Franklin Municipal High Yield ETF	3.48%	0.11%
USCI United States Commodity Index Fund	28.22%	-1.03%

Correlation

The correlation between FTMH and USCI is -0.22, 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	-0.22

Return for Risk

FTMH vs. USCI — Risk / Return Rank

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

USCI

USCI Risk / Return Rank: 74
USCI Sharpe Ratio Rank: 73
USCI Sortino Ratio Rank: 66
USCI Omega Ratio Rank: 66
USCI Calmar Ratio Rank: 84
USCI Martin Ratio Rank: 81

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. USCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and United States Commodity Index Fund (USCI). 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	USCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.43	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.30	+1.23

Drawdowns

FTMH vs. USCI - Drawdown Comparison

The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for FTMH and USCI.

Drawdown Indicators

	FTMH	USCI	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-66.41%	+63.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.82%	—
Current Drawdown Current decline from peak	0.00%	-3.10%	+3.10%
Average Drawdown Average peak-to-trough decline	-0.60%	-29.51%	+28.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.50%	—

Volatility

Volatility by Period

	FTMH	USCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	16.70%	-12.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.00%	18.44%	-14.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.00%	15.85%	-11.85%

FTMH vs. USCI - Expense Ratio Comparison

FTMH has a 0.35% expense ratio, which is lower than USCI's 1.03% expense ratio.

Dividends

FTMH vs. USCI - Dividend Comparison

FTMH's dividend yield for the trailing twelve months is around 2.71%, while USCI has not paid dividends to shareholders.

Position	TTM	2025
FTMH Franklin Municipal High Yield ETF	2.71%	0.86%
USCI United States Commodity Index Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTMH and USCI in my portfolio?

FTMH and USCI have a correlation of -0.22, 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 USCI?

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 USCI?

FTMH is cheaper with a 0.35% expense ratio, compared with 1.03% for USCI.

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

FTMH has the higher dividend yield at 2.71%, compared with 0.00% for USCI.

What is the main difference between FTMH and USCI?

FTMH is categorized as High Yield Muni, while USCI is Commodities. They also come from different issuers: Franklin Templeton and Concierge Technologies. Their fees differ too: 0.35% for FTMH and 1.03% for USCI.