FTNY vs HFRO
Comparison between Putnam ETF Trust Franklin New York Municipal Income (FTNY, ETF) and Highland Opportunities and Income Fund (HFRO, ETF).
FTNY vs HFRO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FTNY
$659M
HFRO
$654M
Expense Ratio
FTNY
0.36%
HFRO
N/A
Max Drawdown
Winner
FTNY
3.37%
HFRO
72.48%
Sharpe Ratio
FTNY
-0.35
Winner
HFRO
2.10
5Y Beta
Winner
FTNY
0.10
HFRO
0.62
5Y Dividends CAGR
FTNY
N/A
HFRO
-11.54%
FTNY vs HFRO - Historical Returns
Returns include dividend reinvestment.
1M
FTNY
-0.82%
Winner
HFRO
+1.20%
3M
FTNY
+0.22%
Winner
HFRO
+24.58%
6M
FTNY
+1.61%
Winner
HFRO
+22.92%
1Y
FTNY
N/A
HFRO
+55.18%
5Y(CAGR)
FTNY
N/A
HFRO
+1.56%
10Y(CAGR)
FTNY
N/A
HFRO
-0.28%
Max(CAGR)
Winner
FTNY
+2.33%
HFRO
-0.28%
FTNY vs HFRO - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FTNY | HFRO |
|---|---|---|
| 2026 | +1.72% | +28.24% |
| 2025 | -0.24% | +22.68% |
| 2024 | N/A | -29.13% |
| 2023 | N/A | -16.57% |
| 2022 | N/A | +0.78% |
| 2021 | N/A | +14.90% |
| 2020 | N/A | -8.01% |
| 2019 | N/A | +2.92% |
| 2018 | N/A | -12.60% |
| 2017 | N/A | +1.01% |
FTNY vs HFRO Drawdown Comparison
The maximum drawdown for FTNY was -3.08%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The current FTNY drawdown is -1.51%. The current HFRO drawdown is -13.44%.
| Rank | FTNY | HFRO |
|---|---|---|
| #1 | -3.08% Feb 27, 2026 - Jun 2, 2026 | -52.76% Aug 17, 2022 - Apr 8, 2025 |
| #2 | -1.51% Jul 6, 2026 - Jul 21, 2026 | -49.42% Jul 24, 2018 - Mar 29, 2022 |
| #3 | -0.94% Oct 27, 2025 - Jan 5, 2026 | -9.70% May 6, 2022 - Aug 15, 2022 |
| #4 | -0.51% Jan 9, 2026 - Feb 2, 2026 | -3.99% Nov 7, 2017 - Dec 22, 2017 |
| #5 | -0.38% Jun 4, 2026 - Jun 22, 2026 | -2.92% Jan 31, 2018 - Feb 21, 2018 |
| #6 | -0.25% Feb 5, 2026 - Feb 13, 2026 | -2.88% Feb 23, 2018 - Jul 11, 2018 |
| #7 | -0.19% Jun 2, 2026 - Jun 4, 2026 | -2.01% Mar 31, 2022 - May 2, 2022 |
| #8 | -0.13% Feb 20, 2026 - Feb 24, 2026 | -0.96% Dec 22, 2017 - Jan 4, 2018 |
| #9 | -0.12% Feb 24, 2026 - Feb 27, 2026 | -0.96% Jan 9, 2018 - Jan 22, 2018 |
| #10 | -0.06% Feb 3, 2026 - Feb 5, 2026 | -0.94% Jul 16, 2018 - Jul 24, 2018 |
| #11 | -0.06% Jun 25, 2026 - Jun 29, 2026 | -0.76% Mar 29, 2022 - Mar 31, 2022 |
| #12 | -0.06% Jun 29, 2026 - Jul 1, 2026 | -0.71% Jan 4, 2018 - Jan 9, 2018 |
| #13 | N/A | -0.67% May 4, 2022 - May 6, 2022 |
| #14 | N/A | -0.51% Jan 22, 2018 - Jan 29, 2018 |
| #15 | N/A | -0.31% Feb 21, 2018 - Feb 23, 2018 |
Correlation
Correlation between FTNY and HFRO is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.69
-101
Dividend Comparison (2017 - 2026)
FTNY vs HFRO dividend yield comparison.
| Year | FTNY | HFRO |
|---|---|---|
| 2026 | 1.87% | 3.11% |
| 2025 | 0.72% | 7.73% |
| 2024 | 0.00% | 8.90% |
| 2023 | 0.00% | 12.02% |
| 2022 | 0.00% | 8.97% |
| 2021 | 0.00% | 8.41% |
| 2020 | 0.00% | 8.99% |
| 2019 | 0.00% | 7.43% |
| 2018 | 0.00% | 7.22% |
| 2017 | 0.00% | 0.99% |
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