FTMAvsCGSMETF Comparison
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Franklin Massachusetts Municipal Income ETF (FTMA) and Capital Group Short Duration Municipal Income ETF (CGSM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMA is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.25% for CGSM. FTMA is down -3.7% year-to-date (YTD) with +$48M in YTD flows. CGSM performs better with 0.64% YTD performance, and +$723M in YTD flows. Run a side-by-side ETF comparison of FTMA and CGSM 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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FTMA vs CGSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMA CGSM | -0.73%-0.02% | -4.57%-0.75% | -3.70%+0.64% | n/a+1.21% | n/a+13.41% | n/an/a |
| Flows | FTMA CGSM | -$13M+$68M | -$6M+$128M | +$48M+$723M | -+$808M | -+$1.63B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMA CGSM | +5.55%+2.20% | n/a+1.67% | n/a+1.95% | n/an/a |
| Max drawdown | FTMA CGSM | -6.59%-2.33% | n/a-2.33% | n/a-2.33% | n/an/a |
| Max drawdown duration | FTMA CGSM | 92d52d | n/a52d | n/a52d | n/an/a |
Trading data
FTMA | CGSM | |
Last sale 10/16/2026 at 1:30 PM | $8.63 | $25.98 |
| Previous close 10/15/2026 | $8.61 | $25.96 |
| 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
FTMA | CGSM | |
|---|---|---|
| Last price | $8.63 | $25.98 |
| 1D performance | +0.23% | +0.08% |
| AuM | $276.09 M | $1.65 B |
| E/R | 0.35% | 0.25% |
Characteristics
FTMA | CGSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Capital Group |
| Benchmark | - | - |
| N° of holdings | 45 | 235 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | September 26, 2023 |
| ESG | No | No |
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Exposure
Countries
FTMA
USA
31.27%
Other
68.73%
CGSM
USA
30.46%
Other
69.54%
Sectors
FTMA
Municipal
31.27%
Other
68.73%
CGSM
Municipal
30.46%
Other
69.54%
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Diversification
FTMA
Total weight of top 15 holdings out of 15
23.94%
CGSM
Total weight of top 15 holdings out of 15
11.02%
Top 15 holdings
Data as of August 31, 2026
FTMA
US57604TMC70
2.16%
Massachusetts Development Finance Agency, 5.75% 1jan2042, USD
2.08%
US57582TDX72
1.90%
US5755793L99
1.88%
Massachusetts, 5% 1jan2054, USD (2024)
1.88%
US575579B979
1.66%
Massachusetts Development Finance Agency, 4% 1oct2045, USD
1.58%
Massachusetts Development Finance Agency, 5.5% 15aug2050, USD (2025A)
1.53%
Massachusetts, 5% 1jun2050, USD (2022)
1.47%
US57586N6R72
1.45%
US661802WH79
1.39%
US111746KV47
1.26%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.26%
US57585BEY02
1.24%
US57584Y5N53
1.19%
CGSM
US650028E821
1.12%
US574193XS28
1.02%
US34153QZG45
1.01%
US83703FLR19
0.99%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.83%
US373385QZ98
0.66%
PEFA Inc., 5% 1sep2049, USD (2019)
0.63%
US57421CLT98
0.63%
Virginia College Building Authority, 5% 1feb2032, USD
0.62%
Puerto Rico, FRN 1nov2043, USD
0.62%
US48542TBS87
0.61%
US74440DFN93
0.59%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.58%
US254773BN34
0.57%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.54%
Frequently asked questions about FTMA and CGSM
How have the FTMA and CGSM ETFs performed in 2026?
As of October 16, 2026, FTMA is down -3.7% year-to-date (YTD), while CGSM has returned 0.64%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: FTMA or CGSM?
Year-to-date, the FTMA ETF saw +$48M in flows, compared to +$723M for CGSM.
Which ETF is bigger: FTMA or CGSM?
As of October 16, 2026, FTMA holds $276.09 M in assets under management (AUM), while CGSM manages $1.65 B.
What sectors do the FTMA and CGSM ETFs invest in?
FTMA leans toward sectors like Municipal. Meanwhile, CGSM focuses on Municipal.
What are the top holdings of the FTMA ETF and CGSM ETF?
FTMA top holdings include US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72. CGSM holds in its top three: US650028E821, US574193XS28 and US34153QZG45.
Which ETF is more diversified: FTMA or CGSM?
FTMA holds 182 securities with 23.94% of its assets in the top 15. CGSM has 1032 securities and a top 15 weight of 11.02%.
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Latest news about FTMA & CGSM
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGSM
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