FTMU vs. DIVI

Last updated Jun 6, 2026

FTMU (Franklin Municipal Income ETF) and DIVI (Franklin International Core Dividend Tilt Index ETF) are both exchange-traded funds - FTMU is a Municipal Bonds fund actively managed by Franklin Templeton, while DIVI is a Foreign Large Cap Equities fund actively managed by Franklin Templeton. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. FTMU charges 0.30%/yr vs 0.09%/yr for DIVI.

Performance

FTMU vs. DIVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Municipal Income ETF (FTMU) and Franklin International Core Dividend Tilt Index ETF (DIVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTMU achieves a 2.50% return, which is significantly lower than DIVI's 8.85% return.

FTMU

• 1D: -0.26%
• 1M: 0.57%
• YTD: 2.50%
• 6M: 2.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVI

• 1D: -2.52%
• 1M: -2.29%
• YTD: 8.85%
• 6M: 11.27%
• 1Y: 23.88%
• 3Y*: 17.43%
• 5Y*: 13.02%
• 10Y*: 10.75%

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

FTMU vs. DIVI - Yearly Performance Comparison

	2026 (YTD)	2025
FTMU Franklin Municipal Income ETF	2.50%	-0.02%
DIVI Franklin International Core Dividend Tilt Index ETF	8.85%	3.15%

Correlation

The correlation between FTMU and DIVI is 0.33, 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 28, 2025	0.33

Return for Risk

FTMU vs. DIVI — Risk / Return Rank

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

DIVI

DIVI Risk / Return Rank: 48
DIVI Sharpe Ratio Rank: 47
DIVI Sortino Ratio Rank: 46
DIVI Omega Ratio Rank: 45
DIVI Calmar Ratio Rank: 48
DIVI Martin Ratio Rank: 52

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.

FTMU vs. DIVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal Income ETF (FTMU) and Franklin International Core Dividend Tilt Index ETF (DIVI). 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

	FTMU	DIVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.65	+0.50

Drawdowns

FTMU vs. DIVI - Drawdown Comparison

The maximum FTMU drawdown since its inception was -3.07%, smaller than the maximum DIVI drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for FTMU and DIVI.

Drawdown Indicators

	FTMU	DIVI	Difference
Max Drawdown Largest peak-to-trough decline	-3.07%	-27.76%	+24.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.76%	—
Current Drawdown Current decline from peak	-0.26%	-2.83%	+2.57%
Average Drawdown Average peak-to-trough decline	-0.68%	-3.63%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.74%	—

Volatility

Volatility by Period

	FTMU	DIVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.62%	15.06%	-11.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.62%	15.33%	-11.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.62%	16.48%	-12.86%

FTMU vs. DIVI - Expense Ratio Comparison

FTMU has a 0.30% expense ratio, which is higher than DIVI's 0.09% expense ratio.

Dividends

FTMU vs. DIVI - Dividend Comparison

FTMU's dividend yield for the trailing twelve months is around 2.39%, less than DIVI's 3.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVI Franklin International Core Dividend Tilt Index ETF	3.60%	3.76%	4.39%	3.17%	6.03%	2.77%	8.04%	1.61%	5.67%	5.22%	11.56%
FTMU Franklin Municipal Income ETF	2.39%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTMU and DIVI in my portfolio?

FTMU and DIVI 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, FTMU or DIVI?

On fees, DIVI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTMU or DIVI?

DIVI is cheaper with a 0.09% expense ratio, compared with 0.30% for FTMU.

Which ETF pays a higher dividend yield, FTMU or DIVI?

DIVI has the higher dividend yield at 3.60%, compared with 2.39% for FTMU.

What is the main difference between FTMU and DIVI?

FTMU is categorized as Municipal Bonds, while DIVI is Foreign Large Cap Equities. Their fees differ too: 0.30% for FTMU and 0.09% for DIVI.