FTOH vs. PBDC
FTOH (Franklin Ohio Municipal Income ETF) and PBDC (Putnam BDC Income ETF) are both exchange-traded funds - FTOH is a Municipal Bonds fund tracking the Actively Managed, while PBDC is a Financials Equities fund actively managed by Franklin Templeton. FTOH is passively managed, while PBDC is actively managed. At a 0.11 correlation, their price movements are largely independent. FTOH charges 0.35%/yr vs 13.49%/yr for PBDC.
Performance
FTOH vs. PBDC - Performance Comparison
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Returns By Period
In the year-to-date period, FTOH achieves a 2.43% return, which is significantly higher than PBDC's -11.69% return.
FTOH
- 1D
- -0.06%
- 1M
- 1.79%
- YTD
- 2.43%
- 6M
- 2.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBDC
- 1D
- -1.02%
- 1M
- -1.61%
- YTD
- -11.69%
- 6M
- -10.28%
- 1Y
- -12.43%
- 3Y*
- 7.01%
- 5Y*
- —
- 10Y*
- —
FTOH vs. PBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTOH Franklin Ohio Municipal Income ETF | 2.43% | 0.08% |
PBDC Putnam BDC Income ETF | -11.69% | 3.76% |
Correlation
The correlation between FTOH and PBDC 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 Nov 10, 2025 | 0.11 |
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Return for Risk
FTOH vs. PBDC — Risk / Return Rank
FTOH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBDC
FTOH vs. PBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Municipal Income ETF (FTOH) and Putnam BDC Income ETF (PBDC). 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 | PBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.62 | — |
| Martin ratioReturn relative to average drawdown | — | -1.08 | — |
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Drawdowns
FTOH vs. PBDC - Drawdown Comparison
The maximum FTOH drawdown since its inception was -2.59%, smaller than the maximum PBDC drawdown of -20.47%. Use the drawdown chart below to compare losses from any high point for FTOH and PBDC.
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Drawdown Indicators
| FTOH | PBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.59% | -20.47% | +17.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.15% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.47% | — |
Current DrawdownCurrent decline from peak | -0.06% | -18.99% | +18.93% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -4.82% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.52% | — |
Volatility
FTOH vs. PBDC - Volatility Comparison
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Volatility by Period
| FTOH | PBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 18.69% | -15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.58% | 17.06% | -13.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 17.06% | -13.48% |
FTOH vs. PBDC - Expense Ratio Comparison
FTOH has a 0.35% expense ratio, which is lower than PBDC's 13.49% expense ratio.
Dividends
FTOH vs. PBDC - Dividend Comparison
FTOH's dividend yield for the trailing twelve months is around 2.17%, less than PBDC's 11.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FTOH Franklin Ohio Municipal Income ETF | 2.17% | 0.56% | 0.00% | 0.00% | 0.00% |
PBDC Putnam BDC Income ETF | 11.95% | 10.53% | 9.29% | 9.86% | 3.40% |
Frequently Asked Questions
FTOH and PBDC 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, 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 13.49% for PBDC.
PBDC has the higher dividend yield at 11.95%, compared with 2.17% for FTOH.
FTOH is categorized as Municipal Bonds, while PBDC is Financials Equities. Their fees differ too: 0.35% for FTOH and 13.49% for PBDC.
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