FTMAvsFTPAETF Comparison
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Franklin Massachusetts Municipal Income ETF (FTMA) and Franklin Pennsylvania Municipal Income ETF (FTPA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both FTMA and FTPA have the same Total Expense Ratio (TER) of 0.35%. FTMA is down -3.7% year-to-date (YTD) with +$48M in YTD flows. FTPA performs worse with -4.51% YTD performance, and +$48M in YTD flows. Run a side-by-side ETF comparison of FTMA and FTPA 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 FTPA 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 FTPA | -0.73%-1.10% | -4.57%-5.56% | -3.70%-4.51% | n/an/a | n/an/a | n/an/a |
| Flows | FTMA FTPA | -$13M+$14M | -$6M+$28M | +$48M+$48M | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMA FTPA | +5.55%+6.17% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTMA FTPA | -6.59%-7.63% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTMA FTPA | 92d92d | n/an/a | n/an/a | n/an/a |
Trading data
FTMA | FTPA | |
Last sale 10/16/2026 at 1:30 PM | $8.63 | |
| Previous close 10/15/2026 | $8.61 | |
| 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 | FTPA | |
|---|---|---|
| Last price | $8.63 | – |
| 1D performance | +0.23% | – |
| AuM | $276.09 M | $122.78 M |
| E/R | 0.35% | 0.35% |
Characteristics
FTMA | FTPA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 45 | 28 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
FTMA
USA
31.27%
Other
68.73%
FTPA
USA
29.86%
Other
70.14%
Sectors
FTMA
Municipal
31.27%
Other
68.73%
FTPA
Municipal
29.86%
Other
70.14%
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Diversification
FTMA
Total weight of top 15 holdings out of 15
23.94%
FTPA
Total weight of top 15 holdings out of 15
25.07%
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%
FTPA
Philadelphia, 5% 1aug2047, USD
2.61%
Allegheny Hospital Development Authority, 4% 1apr2044, USD
1.89%
US842039FR53
1.89%
US709221SB22
1.81%
US709225QR06
1.72%
US230822TW83
1.63%
Pennsylvania Economic Development Financing Authority, 5% 15feb2039, USD (2022A)
1.62%
North Penn School District, 5% 1mar2051, USD (2026)
1.62%
Pennsylvania Economic Development Financing Authority, 5.25% 15dec2051, USD (2026)
1.61%
US52480RGN44
1.61%
US087470BX73
1.58%
Lackawanna Industrial Development Authority, 4% 1nov2040, USD
1.41%
US717868HY29
1.38%
US458436YP15
1.36%
US708692AH10
1.34%
Frequently asked questions about FTMA and FTPA
How have the FTMA and FTPA ETFs performed in 2026?
As of October 16, 2026, FTMA is down -3.7% year-to-date (YTD), while FTPA has lost -4.51%. That puts FTMA better performer ahead so far this year.
Which ETF is attracting more investor money: FTMA or FTPA?
Year-to-date, the FTMA ETF saw +$48M in flows, compared to +$48M for FTPA.
Which ETF is bigger: FTMA or FTPA?
As of October 16, 2026, FTMA holds $276.09 M in assets under management (AUM), while FTPA manages $122.78 M.
What sectors do the FTMA and FTPA ETFs invest in?
FTMA leans toward sectors like Municipal. Meanwhile, FTPA focuses on Municipal.
What are the top holdings of the FTMA ETF and FTPA ETF?
FTMA top holdings include US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72. FTPA holds in its top three: Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53.
Which ETF is more diversified: FTMA or FTPA?
FTMA holds 182 securities with 23.94% of its assets in the top 15. FTPA has 111 securities and a top 15 weight of 25.07%.
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