SHYM vs. FTMH

Last updated Jun 25, 2026

SHYM (iShares Short Duration High Yield Muni Active ETF) and FTMH (Franklin Municipal High Yield ETF) are both High Yield Muni funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

SHYM vs. FTMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short Duration High Yield Muni Active ETF (SHYM) and Franklin Municipal High Yield ETF (FTMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHYM achieves a 2.54% return, which is significantly lower than FTMH's 4.09% return.

SHYM

• 1D: 0.09%
• 1M: 1.45%
• YTD: 2.54%
• 6M: 2.77%
• 1Y: 5.16%
• 3Y*: 5.54%
• 5Y*: 1.03%
• 10Y*: —

FTMH

• 1D: 0.25%
• 1M: 2.40%
• YTD: 4.09%
• 6M: 4.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHYM vs. FTMH - Yearly Performance Comparison

	2026 (YTD)	2025
SHYM iShares Short Duration High Yield Muni Active ETF	2.54%	0.48%
FTMH Franklin Municipal High Yield ETF	4.09%	-0.43%

Correlation

The correlation between SHYM and FTMH is 0.52, 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	0.52

Return for Risk

SHYM vs. FTMH — Risk / Return Rank

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

SHYM

SHYM Risk / Return Rank: 59
SHYM Sharpe Ratio Rank: 60
SHYM Sortino Ratio Rank: 62
SHYM Omega Ratio Rank: 69
SHYM Calmar Ratio Rank: 53
SHYM Martin Ratio Rank: 51

FTMH

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

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.

SHYM vs. FTMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration High Yield Muni Active ETF (SHYM) 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.

	SHYM	FTMH	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.32	—	—
Martin ratio: Return relative to average drawdown	7.82	—	—

Drawdowns

SHYM vs. FTMH - Drawdown Comparison

The maximum SHYM drawdown since its inception was -22.55%, which is greater than FTMH's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for SHYM and FTMH.

Drawdown Indicators

	SHYM	FTMH	Difference
Max Drawdown Largest peak-to-trough decline	-22.55%	-3.12%	-19.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.55%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.69%	-0.62%	-6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	SHYM	FTMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.93%	4.02%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.06%	4.02%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.91%	4.02%	+2.89%

SHYM vs. FTMH - Expense Ratio Comparison

Both SHYM and FTMH have an expense ratio of 0.35%.

Dividends

SHYM vs. FTMH - Dividend Comparison

SHYM's dividend yield for the trailing twelve months is around 4.28%, more than FTMH's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021
FTMH Franklin Municipal High Yield ETF	2.69%	0.86%	0.00%	0.00%	0.00%	0.00%
SHYM iShares Short Duration High Yield Muni Active ETF	4.28%	4.55%	4.35%	4.35%	4.01%	2.97%

Frequently Asked Questions

Can I hold both SHYM and FTMH in my portfolio?

SHYM and FTMH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHYM or FTMH?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHYM or FTMH?

SHYM and FTMH have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, SHYM or FTMH?

SHYM has the higher dividend yield at 4.28%, compared with 2.69% for FTMH.

What is the main difference between SHYM and FTMH?

They also come from different issuers: iShares and Franklin Templeton.