FTOH vs. COMB

Last updated Jun 5, 2026

FTOH (Franklin Ohio Municipal Income ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - FTOH is a Municipal Bonds fund tracking the Actively Managed, while COMB is a Commodities fund actively managed by GraniteShares. FTOH is passively managed, while COMB is actively managed. At a correlation of -0.22, they often move in opposite directions. FTOH charges 0.35%/yr vs 0.25%/yr for COMB.

Performance

FTOH vs. COMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Ohio Municipal Income ETF (FTOH) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTOH achieves a 2.25% return, which is significantly lower than COMB's 25.39% return.

FTOH

• 1D: 0.12%
• 1M: 1.06%
• YTD: 2.25%
• 6M: 2.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COMB

• 1D: -1.12%
• 1M: -3.57%
• YTD: 25.39%
• 6M: 24.01%
• 1Y: 37.22%
• 3Y*: 15.83%
• 5Y*: 11.02%
• 10Y*: —

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

FTOH vs. COMB - Yearly Performance Comparison

	2026 (YTD)	2025
FTOH Franklin Ohio Municipal Income ETF	2.25%	0.20%
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	25.39%	0.90%

Correlation

The correlation between FTOH and COMB is -0.22, 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	-0.22

Return for Risk

FTOH vs. COMB — Risk / Return Rank

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

COMB

COMB Risk / Return Rank: 70
COMB Sharpe Ratio Rank: 68
COMB Sortino Ratio Rank: 60
COMB Omega Ratio Rank: 67
COMB Calmar Ratio Rank: 87
COMB Martin Ratio Rank: 69

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.

FTOH vs. COMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Municipal Income ETF (FTOH) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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

	FTOH	COMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.51	+0.71

Drawdowns

FTOH vs. COMB - Drawdown Comparison

The maximum FTOH drawdown since its inception was -2.59%, smaller than the maximum COMB drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for FTOH and COMB.

Drawdown Indicators

	FTOH	COMB	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-33.50%	+30.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.63%	—
Current Drawdown Current decline from peak	0.00%	-5.42%	+5.42%
Average Drawdown Average peak-to-trough decline	-0.57%	-12.06%	+11.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.96%	—

Volatility

Volatility by Period

	FTOH	COMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	17.07%	-13.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.64%	16.70%	-13.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.64%	15.14%	-11.50%

FTOH vs. COMB - Expense Ratio Comparison

FTOH has a 0.35% expense ratio, which is higher than COMB's 0.25% expense ratio.

Dividends

FTOH vs. COMB - Dividend Comparison

FTOH's dividend yield for the trailing twelve months is around 2.18%, less than COMB's 7.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	7.22%	9.05%	2.48%	6.57%	30.85%	15.83%	0.07%	1.48%	0.97%	0.20%
FTOH Franklin Ohio Municipal Income ETF	2.18%	0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTOH and COMB in my portfolio?

FTOH and COMB have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTOH or COMB?

On fees, COMB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTOH or COMB?

COMB is cheaper with a 0.25% expense ratio, compared with 0.35% for FTOH.

Which ETF pays a higher dividend yield, FTOH or COMB?

COMB has the higher dividend yield at 7.22%, compared with 2.18% for FTOH.

What is the main difference between FTOH and COMB?

FTOH is categorized as Municipal Bonds, while COMB is Commodities. They also come from different issuers: Franklin Templeton and GraniteShares. Their fees differ too: 0.35% for FTOH and 0.25% for COMB.