FTMAvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0%
Franklin Massachusetts Municipal Income ETF (FTMA) and State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) 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 0.2% for SHM. FTMA is down -3.7% year-to-date (YTD) with +$48M in YTD flows. SHM performs better with 0.16% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of FTMA and SHM 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 SHM 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 SHM | -0.73%-0.04% | -4.57%-0.80% | -3.70%+0.16% | n/a+0.56% | n/a+8.94% | n/a+4.03% |
| Flows | FTMA SHM | -$13M+$5M | -$6M+$67M | +$48M+$47M | -+$61M | --$416M | --$1.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMA SHM | +5.55%+2.39% | n/a+1.43% | n/a+1.65% | n/a+1.72% |
| Max drawdown | FTMA SHM | -6.59%-2.52% | n/a-2.61% | n/a-2.61% | n/a-6.22% |
| Max drawdown duration | FTMA SHM | 92d64d | n/a229d | n/a229d | n/a1036d |
Trading data
FTMA | SHM | |
Last sale 10/16/2026 at 1:30 PM | $8.63 | $47.02 |
| Previous close 10/15/2026 | $8.61 | $47.01 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FTMA
is actively managed and doesn’t replicate an indexFTMA | SHM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FTMA | SHM | |
|---|---|---|
| Last price | $8.63 | $47.02 |
| 1D performance | +0.23% | +0.02% |
| AuM | $276.09 M | $3.49 B |
| E/R | 0.35% | 0.2% |
Characteristics
FTMA | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 45 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
FTMA
USA
31.27%
Other
68.73%
SHM
USA
31.88%
Other
68.12%
Sectors
FTMA
Municipal
31.27%
Other
68.73%
SHM
Municipal
31.88%
Other
68.12%
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Diversification
FTMA
Total weight of top 15 holdings out of 15
23.94%
SHM
Total weight of top 15 holdings out of 15
6.56%
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%
SHM
US84136HCT86
0.92%
New York Dormitory Authority, 2.5% 1jul1993, USD
0.62%
US13063ELG97
0.51%
California, 5% 1sep2028, USD
0.48%
US13063EAW66
0.45%
US91412HTD51
0.41%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.40%
City of New York, 5.7% 1feb2006, USD
0.39%
US343137RQ01
0.36%
US574204W906
0.36%
US61334PFH10
0.35%
US13063EUS35
0.34%
US13013JBJ43
0.33%
US74440DFN93
0.32%
Connecticut, 5% 15jul2027, USD
0.32%
Frequently asked questions about FTMA and SHM
How have the FTMA and SHM ETFs performed in 2026?
As of October 16, 2026, FTMA is down -3.7% year-to-date (YTD), while SHM has returned 0.16%. That puts SHM better performer ahead so far this year.
Which ETF is attracting more investor money: FTMA or SHM?
Year-to-date, the FTMA ETF saw +$48M in flows, compared to +$47M for SHM.
Which ETF is bigger: FTMA or SHM?
As of October 16, 2026, FTMA holds $276.09 M in assets under management (AUM), while SHM manages $3.49 B.
What sectors do the FTMA and SHM ETFs invest in?
FTMA leans toward sectors like Municipal. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the FTMA ETF and SHM ETF?
FTMA top holdings include US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72. SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: FTMA or SHM?
FTMA holds 182 securities with 23.94% of its assets in the top 15. SHM has 1087 securities and a top 15 weight of 6.56%.
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Latest news about FTMA & SHM
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