NHYM vs. FTMH
NHYM (Nuveen High Yield Municipal Income ETF) and FTMH (Franklin Municipal High Yield ETF) are both High Yield Muni funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
NHYM vs. FTMH - Performance Comparison
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Returns By Period
In the year-to-date period, NHYM achieves a 2.69% return, which is significantly lower than FTMH's 3.83% return.
NHYM
- 1D
- -0.10%
- 1M
- 1.47%
- YTD
- 2.69%
- 6M
- 2.75%
- 1Y
- 7.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTMH
- 1D
- -0.08%
- 1M
- 2.14%
- YTD
- 3.83%
- 6M
- 3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NHYM vs. FTMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NHYM Nuveen High Yield Municipal Income ETF | 2.69% | 0.21% |
FTMH Franklin Municipal High Yield ETF | 3.83% | -0.43% |
Correlation
The correlation between NHYM and FTMH 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 Oct 27, 2025 | 0.62 |
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Return for Risk
NHYM vs. FTMH — Risk / Return Rank
NHYM
FTMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NHYM vs. FTMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen High Yield Municipal Income ETF (NHYM) and Franklin Municipal High Yield ETF (FTMH). 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.
| NHYM | FTMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | — | — |
| Martin ratioReturn relative to average drawdown | 8.26 | — | — |
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Drawdowns
NHYM vs. FTMH - Drawdown Comparison
The maximum NHYM drawdown since its inception was -6.11%, which is greater than FTMH's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for NHYM and FTMH.
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Drawdown Indicators
| NHYM | FTMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.11% | -3.12% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.08% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -0.62% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | — | — |
Volatility
NHYM vs. FTMH - Volatility Comparison
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Volatility by Period
| NHYM | FTMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 4.02% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 4.02% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 4.02% | +1.81% |
NHYM vs. FTMH - Expense Ratio Comparison
Both NHYM and FTMH have an expense ratio of 0.35%.
Dividends
NHYM vs. FTMH - Dividend Comparison
NHYM's dividend yield for the trailing twelve months is around 4.53%, more than FTMH's 2.70% yield.
| Position | TTM | 2025 |
|---|---|---|
FTMH Franklin Municipal High Yield ETF | 2.70% | 0.86% |
NHYM Nuveen High Yield Municipal Income ETF | 4.53% | 4.06% |
Frequently Asked Questions
NHYM and FTMH 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.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NHYM and FTMH have the same expense ratio: 0.35% per year.
NHYM has the higher dividend yield at 4.53%, compared with 2.70% for FTMH.
They also come from different issuers: Nuveen and Franklin Templeton.
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