FTOH vs. CMDY
FTOH (Franklin Ohio Municipal Income ETF) and CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) are both exchange-traded funds - FTOH is a Municipal Bonds fund tracking the Actively Managed, while CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. At a correlation of -0.16, they often move in opposite directions. FTOH charges 0.35%/yr vs 0.28%/yr for CMDY.
Performance
FTOH vs. CMDY - Performance Comparison
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Returns By Period
In the year-to-date period, FTOH achieves a 2.55% return, which is significantly lower than CMDY's 16.78% return.
FTOH
- 1D
- 0.06%
- 1M
- 0.42%
- 6M
- 2.07%
- YTD
- 2.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMDY
- 1D
- -0.07%
- 1M
- -1.66%
- 6M
- 14.34%
- YTD
- 16.78%
- 1Y
- 24.63%
- 3Y*
- 11.79%
- 5Y*
- 9.43%
- 10Y*
- —
FTOH vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTOH Franklin Ohio Municipal Income ETF | 2.55% | 0.08% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 16.78% | 2.38% |
Correlation
The correlation between FTOH and CMDY is -0.16, 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 10, 2025 | -0.16 |
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Return for Risk
FTOH vs. CMDY — Risk / Return Rank
FTOH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CMDY
FTOH vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Municipal Income ETF (FTOH) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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 | CMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.81 | — |
| Martin ratioReturn relative to average drawdown | — | 6.24 | — |
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Drawdowns
FTOH vs. CMDY - Drawdown Comparison
The maximum FTOH drawdown since its inception was -2.59%, smaller than the maximum CMDY drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for FTOH and CMDY.
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Drawdown Indicators
| FTOH | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.59% | -31.19% | +28.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.56% | — |
Current DrawdownCurrent decline from peak | -0.47% | -10.60% | +10.13% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -13.11% | +12.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.11% | — |
Volatility
FTOH vs. CMDY - Volatility Comparison
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Volatility by Period
| FTOH | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 16.45% | -12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 15.80% | -12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.49% | 14.65% | -11.16% |
FTOH vs. CMDY - Expense Ratio Comparison
FTOH has a 0.35% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Dividends
FTOH vs. CMDY - Dividend Comparison
FTOH's dividend yield for the trailing twelve months is around 2.54%, less than CMDY's 11.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 11.04% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
FTOH Franklin Ohio Municipal Income ETF | 2.54% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTOH and CMDY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMDY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.35% for FTOH.
CMDY has the higher dividend yield at 11.04%, compared with 2.54% for FTOH.
FTOH is categorized as Municipal Bonds, while CMDY is Commodities. FTOH tracks Actively Managed, while CMDY tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FTOH and 0.28% for CMDY.
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