FTMH vs. WTMY

Last updated Jul 14, 2026

FTMH (Franklin Municipal High Yield ETF) and WTMY (WisdomTree High Income Laddered Municipal ETF) are both High Yield Muni funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

FTMH vs. WTMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Municipal High Yield ETF (FTMH) and WisdomTree High Income Laddered Municipal ETF (WTMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTMH achieves a 4.02% return, which is significantly higher than WTMY's 1.42% return.

FTMH

• 1D: -0.19%
• 1M: 0.57%
• 6M: 3.31%
• YTD: 4.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WTMY

• 1D: 0.02%
• 1M: 0.61%
• 6M: 0.81%
• YTD: 1.42%
• 1Y: 5.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTMH vs. WTMY - Yearly Performance Comparison

	2026 (YTD)	2025
FTMH Franklin Municipal High Yield ETF	4.02%	-0.43%
WTMY WisdomTree High Income Laddered Municipal ETF	1.42%	0.18%

Correlation

The correlation between FTMH and WTMY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.46

Return for Risk

FTMH vs. WTMY — 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.

WTMY

WTMY Risk / Return Rank: 73
WTMY Sharpe Ratio Rank: 86
WTMY Sortino Ratio Rank: 88
WTMY Omega Ratio Rank: 92
WTMY Calmar Ratio Rank: 51
WTMY Martin Ratio Rank: 46

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. WTMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal High Yield ETF (FTMH) and WisdomTree High Income Laddered Municipal ETF (WTMY). 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	WTMY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.18	—
Sortino ratio: Return per unit of downside risk	—	3.21	—
Omega ratio: Gain probability vs. loss probability	—	1.49	—
Calmar ratio: Return relative to maximum drawdown	—	2.05	—
Martin ratio: Return relative to average drawdown	—	6.01	—

Drawdowns

FTMH vs. WTMY - Drawdown Comparison

The maximum FTMH drawdown since its inception was -3.12%, smaller than the maximum WTMY drawdown of -3.67%. Use the drawdown chart below to compare losses from any high point for FTMH and WTMY.

Drawdown Indicators

	FTMH	WTMY	Difference
Max Drawdown Largest peak-to-trough decline	-3.12%	-3.67%	+0.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.71%	—
Current Drawdown Current decline from peak	-0.69%	-0.67%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.59%	-0.80%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	FTMH	WTMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.94%	2.55%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.94%	3.47%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.94%	3.47%	+0.47%

FTMH vs. WTMY - Expense Ratio Comparison

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

Dividends

FTMH vs. WTMY - Dividend Comparison

FTMH's dividend yield for the trailing twelve months is around 3.08%, less than WTMY's 3.41% yield.

Position	TTM	2025
FTMH Franklin Municipal High Yield ETF	3.08%	0.86%
WTMY WisdomTree High Income Laddered Municipal ETF	3.41%	2.56%

Frequently Asked Questions

Can I hold both FTMH and WTMY in my portfolio?

FTMH and WTMY have a correlation of 0.46, 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 WTMY?

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 WTMY?

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

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

WTMY has the higher dividend yield at 3.41%, compared with 3.08% for FTMH.

What is the main difference between FTMH and WTMY?

They also come from different issuers: Franklin Templeton and WisdomTree.