BKMSvsFTMSETF Comparison
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BNY Mellon Municipal Short Duration ETF (BKMS) and Franklin Short-Term Municipal Income ETF (FTMS) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BKMS is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.22% for FTMS. Run a side-by-side ETF comparison of BKMS and FTMS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BKMS vs FTMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BKMS FTMS | -0.07%-0.29% | -0.50%-1.34% | n/a-0.98% | n/an/a | n/an/a | n/an/a |
| Flows | BKMS FTMS | +$24M+$25M | +$27M+$45M | -+$73M | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BKMS FTMS | +1.78%+2.06% | n/an/a | n/an/a | n/an/a |
| Max drawdown | BKMS FTMS | -1.90%-2.33% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | BKMS FTMS | 51d92d | n/an/a | n/an/a | n/an/a |
Trading data
BKMS | FTMS | |
Last sale 10/16/2026 at 1:30 PM | $25.17 | $9.78 |
| Previous close 10/15/2026 | $25.16 | $9.79 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BKMS | FTMS | |
|---|---|---|
| Last price | $25.17 | $9.78 |
| 1D performance | +0.06% | -0.10% |
| AuM | $455.14 M | $232.32 M |
| E/R | 0.35% | 0.22% |
Characteristics
BKMS | FTMS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | BNY Mellon | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 43 | 47 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
BKMS
USA
24.68%
Other
75.32%
FTMS
USA
24.57%
Other
75.43%
Sectors
BKMS
Municipal
24.68%
Other
75.32%
FTMS
Municipal
24.57%
Other
75.43%
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Diversification
BKMS
Total weight of top 15 holdings out of 15
20.5%
FTMS
Total weight of top 15 holdings out of 15
16.97%
Top 15 holdings
Data as of August 31, 2026
BKMS
US762196EY54
2.31%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B)
1.85%
Southeast Energy Authority, 5% 1may2053, USD (2022)
1.76%
New York Dormitory Authority, 5% 1jul2048, USD
1.46%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-1)
1.34%
US71783TAC45
1.27%
City of New York, 5% 1aug2030, USD (2026)
1.25%
Private Colleges and Universities Authority, 5% 1sep2029, USD (2025A)
1.24%
Virginia Transportation Board, 5% 15may2031, USD (2017A)
1.19%
US899576HE55
1.18%
US593344CB87
1.17%
New York Housing Finance Agency, 3.6% 1nov2064, USD (2025)
1.17%
Rural Water Financing Agency, 2.75% 1may2028, USD (2025A)
1.15%
US803770XC53
1.11%
US45470YGD76
1.04%
FTMS
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
1.45%
US091097AA35
1.31%
US69068WAD56
1.20%
US81640AAB98
1.18%
Main Street Natural Gas Inc., 4% 1jul2052, USD (2021A)
1.16%
California State University, 0.55% 1nov2049, USD (2016B-2)
1.13%
US686865AR74
1.11%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.09%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.06%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.06%
California Community Choice Financing Authority, 5% 1nov2055, USD (2024G)
1.05%
US717883J787
1.05%
Newark, 4.25% 5may2027, USD (2026)
1.05%
US352410CV42
1.04%
US773661AB90
1.04%
Frequently asked questions about BKMS and FTMS
Which ETF is bigger: BKMS or FTMS?
As of October 16, 2026, BKMS holds $455.14 M in assets under management (AUM), while FTMS manages $232.32 M.
What sectors do the BKMS and FTMS ETFs invest in?
BKMS leans toward sectors like Municipal. Meanwhile, FTMS focuses on Municipal.
What are the top holdings of the BKMS ETF and FTMS ETF?
BKMS top holdings include US762196EY54, Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B) and Southeast Energy Authority, 5% 1may2053, USD (2022). FTMS holds in its top three: Southeast Energy Authority, 5.25% 1mar2055, USD (2025B), US091097AA35 and US69068WAD56.
Which ETF is more diversified: BKMS or FTMS?
BKMS holds 253 securities with 20.5% of its assets in the top 15. FTMS has 253 securities and a top 15 weight of 16.97%.
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