FTMN vs. OILT

Last updated Jun 4, 2026

FTMN (Franklin Minnesota Municipal Income ETF) and OILT (Texas Capital Texas Oil Index ETF) are both exchange-traded funds - FTMN is a Municipal Bonds fund tracking the Actively Managed, while OILT is a Energy Equities fund tracking the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. Both are passively managed. At a correlation of -0.33, they often move in opposite directions. Both charge a 0.35% expense ratio.

Performance

FTMN vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Minnesota Municipal Income ETF (FTMN) 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, FTMN achieves a 1.52% return, which is significantly lower than OILT's 35.33% return.

FTMN

• 1D: -0.06%
• 1M: 0.55%
• YTD: 1.52%
• 6M: 2.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILT

• 1D: 1.74%
• 1M: -4.77%
• YTD: 35.33%
• 6M: 29.79%
• 1Y: 47.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTMN vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025
FTMN Franklin Minnesota Municipal Income ETF	1.52%	0.61%
OILT Texas Capital Texas Oil Index ETF	35.33%	2.11%

Correlation

The correlation between FTMN and OILT is -0.33, 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 Nov 11, 2025	-0.33

Return for Risk

FTMN 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: 51
OILT Sharpe Ratio Rank: 49
OILT Sortino Ratio Rank: 45
OILT Omega Ratio Rank: 42
OILT Calmar Ratio Rank: 70
OILT Martin Ratio Rank: 50

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.

FTMN vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Minnesota Municipal Income ETF (FTMN) 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

	FTMN	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.42	+0.52

Drawdowns

FTMN vs. OILT - Drawdown Comparison

The maximum FTMN drawdown since its inception was -3.10%, smaller than the maximum OILT drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for FTMN and OILT.

Drawdown Indicators

	FTMN	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-3.10%	-35.21%	+32.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.79%	—
Current Drawdown Current decline from peak	-0.41%	-8.67%	+8.26%
Average Drawdown Average peak-to-trough decline	-0.71%	-12.93%	+12.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.66%	—

Volatility

Volatility by Period

	FTMN	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	28.09%	-23.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.14%	28.72%	-24.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.14%	28.72%	-24.58%

FTMN vs. OILT - Expense Ratio Comparison

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

Dividends

FTMN vs. OILT - Dividend Comparison

FTMN's dividend yield for the trailing twelve months is around 1.83%, less than OILT's 2.43% yield.

Position	TTM	2025	2024
FTMN Franklin Minnesota Municipal Income ETF	1.83%	0.50%	0.00%
OILT Texas Capital Texas Oil Index ETF	2.43%	3.12%	2.63%

Frequently Asked Questions

Can I hold both FTMN and OILT in my portfolio?

FTMN and OILT have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTMN 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, FTMN or OILT?

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

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

OILT has the higher dividend yield at 2.43%, compared with 1.83% for FTMN.

What is the main difference between FTMN and OILT?

FTMN is categorized as Municipal Bonds, while OILT is Energy Equities. FTMN tracks Actively Managed, while OILT tracks Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. They also come from different issuers: Franklin Templeton and Texas Capital.