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. A 0.51 correlation means they provide meaningful diversification when combined. 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 1.93% return, which is significantly lower than FTMH's 3.48% return.
SHYM
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 1.93%
- 6M
- 2.33%
- 1Y
- 5.18%
- 3Y*
- 6.00%
- 5Y*
- 0.99%
- 10Y*
- —
FTMH
- 1D
- 0.00%
- 1M
- 1.24%
- YTD
- 3.48%
- 6M
- 3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYM vs. FTMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHYM iShares Short Duration High Yield Muni Active ETF | 1.93% | 0.43% |
FTMH Franklin Municipal High Yield ETF | 3.48% | 0.11% |
Correlation
The correlation between SHYM and FTMH is 0.51, 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 28, 2025 | 0.51 |
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Return for Risk
SHYM vs. FTMH — Risk / Return Rank
SHYM
FTMH
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.
| SHYM | FTMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | — | — |
| Martin ratioReturn relative to average drawdown | 7.86 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHYM | FTMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.53 | -1.26 |
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 | -22.55% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -0.60% | -6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | — | — |
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 | 0.77% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 4.00% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 4.00% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | 4.00% | +2.95% |
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 4.30%, more than FTMH's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FTMH Franklin Municipal High Yield ETF | 2.71% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYM iShares Short Duration High Yield Muni Active ETF | 4.30% | 4.55% | 4.35% | 4.35% | 4.01% | 2.97% |
Frequently Asked Questions
SHYM and FTMH have a correlation of 0.51, 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 4.30%, compared with 2.71% for FTMH.
They also come from different issuers: iShares and Franklin Templeton.
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