SHYM vs. FTMH
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. Their 0.55 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
SHYM vs. FTMH - Performance Comparison
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Returns By Period
In the year-to-date period, SHYM achieves a 1.68% return, which is significantly lower than FTMH's 2.28% return.
SHYM
- 1D
- 0.01%
- 1M
- -1.13%
- 6M
- 0.65%
- YTD
- 1.68%
- 1Y
- 4.27%
- 3Y*
- 5.72%
- 5Y*
- 0.39%
- 10Y*
- —
- ALL TIME*
- 1.75%
FTMH
- 1D
- -0.08%
- 1M
- -2.35%
- 6M
- 1.36%
- YTD
- 2.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.31M | $2.29M | $2.08M | |
| $4.26M | $4.13M | $7.94M |
SHYM vs. FTMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHYM iShares Short Duration High Yield Muni Active ETF | 1.68% | 0.48% |
FTMH Franklin Municipal High Yield ETF | 2.28% | -0.43% |
Correlation
The correlation between SHYM and FTMH is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.55 |
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Return for Risk
SHYM vs. FTMH — Risk / Return Rank
SHYM
FTMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 7.18 | — | — |
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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.
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Drawdown Indicators
| SHYM | FTMH | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -22.28% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -2.35% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -0.67% | -5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | — | — |
Volatility
SHYM vs. FTMH - Volatility Comparison
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Volatility by Period
| SHYM | FTMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 4.03% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 4.03% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 4.03% | +2.82% |
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 4.35%, more than FTMH's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FTMH Franklin Municipal High Yield ETF | 3.59% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYM iShares Short Duration High Yield Muni Active ETF | 4.35% | 4.55% | 4.35% | 4.35% | 4.01% | 2.97% |
Frequently Asked Questions
SHYM and FTMH have a correlation of 0.55, 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.
SHYM and FTMH have the same expense ratio: 0.35% per year.
SHYM has the higher dividend yield at 4.35%, compared with 3.59% for FTMH.
They also come from different issuers: iShares and Franklin Templeton.
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