FTOH vs. CMDT
FTOH (Franklin Ohio Municipal Income ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - FTOH is a Municipal Bonds fund tracking the Actively Managed, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Their -0.18 correlation means they have often moved in opposite directions in the past. FTOH charges 0.35%/yr vs 0.65%/yr for CMDT.
Performance
FTOH vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, FTOH achieves a 1.28% return, which is significantly lower than CMDT's 19.39% return.
FTOH
- 1D
- -0.24%
- 1M
- -1.54%
- 6M
- 0.79%
- YTD
- 1.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CMDT
- 1D
- 0.09%
- 1M
- 6.84%
- 6M
- 12.84%
- YTD
- 19.39%
- 1Y
- 28.43%
- 3Y*
- 11.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.88M | $1.77M | $2.38M | |
| $275.54K | $320.00K | $312.80K |
FTOH vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTOH Franklin Ohio Municipal Income ETF | 1.28% | 0.08% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 19.39% | 1.12% |
Correlation
The correlation between FTOH and CMDT is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | -0.18 |
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Return for Risk
FTOH vs. CMDT — Risk / Return Rank
FTOH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CMDT
FTOH vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Municipal Income ETF (FTOH) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). 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.
| FTOH | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.13 | — |
| Martin ratioReturn relative to average drawdown | — | 7.56 | — |
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Drawdowns
FTOH vs. CMDT - Drawdown Comparison
The maximum FTOH drawdown since its inception was -2.59%, smaller than the maximum CMDT drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for FTOH and CMDT.
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Drawdown Indicators
| FTOH | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.59% | -13.23% | +10.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.23% | — |
Current DrawdownCurrent decline from peak | -1.71% | -6.44% | +4.73% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.97% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.73% | — |
Volatility
FTOH vs. CMDT - Volatility Comparison
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Volatility by Period
| FTOH | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.97% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 13.09% | -9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 12.36% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 12.36% | -8.88% |
FTOH vs. CMDT - Expense Ratio Comparison
FTOH has a 0.35% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
FTOH vs. CMDT - Dividend Comparison
FTOH's dividend yield for the trailing twelve months is around 2.57%, which matches CMDT's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.58% | 3.04% | 8.80% | 2.71% |
FTOH Franklin Ohio Municipal Income ETF | 2.57% | 0.56% | 0.00% | 0.00% |
Frequently Asked Questions
FTOH and CMDT have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTOH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTOH is cheaper with a 0.35% expense ratio, compared with 0.65% for CMDT.
FTOH and CMDT have nearly identical dividend yields, around 2.57%.
FTOH is categorized as Municipal Bonds, while CMDT is Commodities. FTOH tracks Actively Managed, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Franklin Templeton and PIMCO. Their fees differ too: 0.35% for FTOH and 0.65% for CMDT.
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