FTMS vs. LVHD
FTMS (Franklin Short-Term Municipal Income ETF) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both exchange-traded funds - FTMS is a Municipal Bonds fund actively managed by Franklin Templeton, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. FTMS is actively managed, while LVHD is passively managed. At a 0.11 correlation, their price movements are largely independent. FTMS charges 0.21%/yr vs 0.27%/yr for LVHD.
Performance
FTMS vs. LVHD - Performance Comparison
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Returns By Period
In the year-to-date period, FTMS achieves a 1.62% return, which is significantly lower than LVHD's 11.74% return.
FTMS
- 1D
- 0.15%
- 1M
- 0.69%
- YTD
- 1.62%
- 6M
- 1.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LVHD
- 1D
- 0.50%
- 1M
- 2.68%
- YTD
- 11.74%
- 6M
- 11.10%
- 1Y
- 16.26%
- 3Y*
- 10.82%
- 5Y*
- 7.53%
- 10Y*
- 8.56%
FTMS vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMS Franklin Short-Term Municipal Income ETF | 1.62% | 0.47% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 11.74% | -1.31% |
Correlation
The correlation between FTMS and LVHD is 0.11, 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 | 0.11 |
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Return for Risk
FTMS vs. LVHD — Risk / Return Rank
FTMS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LVHD
FTMS vs. LVHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Short-Term Municipal Income ETF (FTMS) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). 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.
| FTMS | LVHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.65 | — |
| Martin ratioReturn relative to average drawdown | — | 6.59 | — |
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Drawdowns
FTMS vs. LVHD - Drawdown Comparison
The maximum FTMS drawdown since its inception was -1.24%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for FTMS and LVHD.
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Drawdown Indicators
| FTMS | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.24% | -37.32% | +36.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.37% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -4.03% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.48% | — |
Volatility
FTMS vs. LVHD - Volatility Comparison
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Volatility by Period
| FTMS | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.71% | 9.96% | -8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.71% | 12.92% | -11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.71% | 15.53% | -13.82% |
FTMS vs. LVHD - Expense Ratio Comparison
FTMS has a 0.21% expense ratio, which is lower than LVHD's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FTMS vs. LVHD - Dividend Comparison
FTMS's dividend yield for the trailing twelve months is around 1.97%, less than LVHD's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTMS Franklin Short-Term Municipal Income ETF | 1.97% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.25% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Frequently Asked Questions
FTMS and LVHD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTMS is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTMS is cheaper with a 0.21% expense ratio, compared with 0.27% for LVHD.
LVHD has the higher dividend yield at 3.25%, compared with 1.97% for FTMS.
FTMS is categorized as Municipal Bonds, while LVHD is Dividend. Their fees differ too: 0.21% for FTMS and 0.27% for LVHD.
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