FTOH vs. THYM

Last updated Jul 11, 2026

FTOH (Franklin Ohio Municipal Income ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both exchange-traded funds - FTOH is a Municipal Bonds fund tracking the Actively Managed, while THYM is a High Yield Muni fund actively managed by T. Rowe Price. FTOH is passively managed, while THYM is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. FTOH charges 0.35%/yr vs 0.32%/yr for THYM.

Performance

FTOH vs. THYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Ohio Municipal Income ETF (FTOH) and T. Rowe Price High Income Municipal ETF (THYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTOH achieves a 2.55% return, which is significantly lower than THYM's 4.04% return.

FTOH

• 1D: 0.06%
• 1M: 0.42%
• 6M: 2.07%
• YTD: 2.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

THYM

• 1D: 0.05%
• 1M: 0.64%
• 6M: 3.23%
• YTD: 4.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTOH vs. THYM - Yearly Performance Comparison

	2026 (YTD)	2025
FTOH Franklin Ohio Municipal Income ETF	2.55%	0.50%
THYM T. Rowe Price High Income Municipal ETF	4.04%	0.25%

Correlation

The correlation between FTOH and THYM is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.62

Return for Risk

FTOH vs. THYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Municipal Income ETF (FTOH) and T. Rowe Price High Income Municipal ETF (THYM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

FTOH vs. THYM - Drawdown Comparison

The maximum FTOH drawdown since its inception was -2.59%, smaller than the maximum THYM drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for FTOH and THYM.

Drawdown Indicators

	FTOH	THYM	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-2.93%	+0.34%
Current Drawdown Current decline from peak	-0.47%	-0.61%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.50%	-0.45%	-0.05%

Volatility

Volatility by Period

	FTOH	THYM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.49%	4.32%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.49%	4.32%	-0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.49%	4.32%	-0.83%

FTOH vs. THYM - Expense Ratio Comparison

FTOH has a 0.35% expense ratio, which is higher than THYM's 0.32% expense ratio.

Dividends

FTOH vs. THYM - Dividend Comparison

FTOH's dividend yield for the trailing twelve months is around 2.54%, which matches THYM's 2.56% yield.

Position	TTM	2025
FTOH Franklin Ohio Municipal Income ETF	2.54%	0.56%
THYM T. Rowe Price High Income Municipal ETF	2.56%	0.37%

Frequently Asked Questions

Can I hold both FTOH and THYM in my portfolio?

FTOH and THYM have a correlation of 0.62, 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 THYM?

On fees, THYM is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTOH or THYM?

THYM is cheaper with a 0.32% expense ratio, compared with 0.35% for FTOH.

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

THYM has the higher dividend yield at 2.56%, compared with 2.54% for FTOH.

What is the main difference between FTOH and THYM?

FTOH is categorized as Municipal Bonds, while THYM is High Yield Muni. They also come from different issuers: Franklin Templeton and T. Rowe Price. Their fees differ too: 0.35% for FTOH and 0.32% for THYM.