FTMAvsMMITETF Comparison
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Franklin Massachusetts Municipal Income ETF (FTMA) and NYLI MacKay Muni Intermediate ETF (MMIT) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMA is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.48% for MMIT. FTMA is down -3.7% year-to-date (YTD) with +$48M in YTD flows. MMIT performs better with -1.6% YTD performance, and +$337M in YTD flows. Run a side-by-side ETF comparison of FTMA and MMIT 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 MMIT 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 MMIT | -0.73%-0.14% | -4.57%-2.89% | -3.70%-1.60% | n/a-0.87% | n/a+10.77% | n/a+3.05% |
| Flows | FTMA MMIT | -$13M+$127M | -$6M+$161M | +$48M+$337M | -+$462M | -+$1.13B | -+$1.43B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMA MMIT | +5.55%+4.55% | n/a+2.83% | n/a+3.06% | n/a+3.08% |
| Max drawdown | FTMA MMIT | -6.59%-5.22% | n/a-5.97% | n/a-5.97% | n/a-11.87% |
| Max drawdown duration | FTMA MMIT | 92d92d | n/a229d | n/a229d | n/a997d |
Trading data
FTMA | MMIT | |
Last sale 10/16/2026 at 1:30 PM | $8.63 | $23.29 |
| Previous close 10/15/2026 | $8.61 | $23.26 |
| 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 | MMIT | |
|---|---|---|
| Last price | $8.63 | $23.29 |
| 1D performance | +0.23% | +0.13% |
| AuM | $276.09 M | $1.58 B |
| E/R | 0.35% | 0.48% |
Characteristics
FTMA | MMIT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 45 | 190 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | October 18, 2017 |
| ESG | No | No |
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Exposure
Countries
FTMA
USA
31.27%
Other
68.73%
MMIT
USA
30.87%
Other
69.13%
Sectors
FTMA
Municipal
31.27%
Other
68.73%
MMIT
Municipal
30.87%
Other
69.13%
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Diversification
FTMA
Total weight of top 15 holdings out of 15
23.94%
MMIT
Total weight of top 15 holdings out of 15
10.47%
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%
MMIT
City of New York, 5.125% 15nov2011, USD
1.02%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.99%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
0.90%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.90%
Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026)
0.89%
US70879QQA49
0.86%
Black Belt Energy Gas District, 4% 1oct2052, USD
0.62%
US850578UC77
0.62%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.58%
Phoenix Industrial Development Authority, 5% 31oct2044, USD (2024)
0.56%
US09182TFT97
0.56%
US74440DFC39
0.53%
US56035DJJ28
0.51%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.47%
National Finance Authority, 4.25% 20jul2041, USD (2026-1, A-1)
0.46%
Frequently asked questions about FTMA and MMIT
How have the FTMA and MMIT ETFs performed in 2026?
As of October 16, 2026, FTMA is down -3.7% year-to-date (YTD), while MMIT has lost -1.6%. That puts MMIT better performer ahead so far this year.
Which ETF is attracting more investor money: FTMA or MMIT?
Year-to-date, the FTMA ETF saw +$48M in flows, compared to +$337M for MMIT.
Which ETF is bigger: FTMA or MMIT?
As of October 16, 2026, FTMA holds $276.09 M in assets under management (AUM), while MMIT manages $1.58 B.
What sectors do the FTMA and MMIT ETFs invest in?
FTMA leans toward sectors like Municipal. Meanwhile, MMIT focuses on Municipal.
What are the top holdings of the FTMA ETF and MMIT ETF?
FTMA top holdings include US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72. MMIT holds in its top three: City of New York, 5.125% 15nov2011, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A).
Which ETF is more diversified: FTMA or MMIT?
FTMA holds 182 securities with 23.94% of its assets in the top 15. MMIT has 865 securities and a top 15 weight of 10.47%.
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