FTMHvsDFNMETF Comparison
VS
Franklin Municipal High Yield ETF (FTMH) and Dimensional National Municipal Bond ETF (DFNM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMH is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.18% for DFNM. FTMH is down -4.72% year-to-date (YTD) with +$137M in YTD flows. DFNM performs better with -1% YTD performance, and +$360M in YTD flows. Run a side-by-side ETF comparison of FTMH and DFNM 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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FTMH vs DFNM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMH DFNM | -1.47%+0.02% | -6.56%-2.31% | -4.72%-1.00% | n/a-0.15% | n/a+9.22% | n/an/a |
| Flows | FTMH DFNM | +$92M-$35M | +$87M+$41M | +$137M+$360M | -+$562M | -+$1.29B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMH DFNM | +6.61%+3.59% | n/a+2.20% | n/a+2.31% | n/an/a |
| Max drawdown | FTMH DFNM | -8.53%-4.26% | n/a-4.56% | n/a-4.56% | n/an/a |
| Max drawdown duration | FTMH DFNM | 92d92d | n/a101d | n/a101d | n/an/a |
Trading data
FTMH | DFNM | |
Last sale 10/16/2026 at 1:30 PM | $10.97 | $46.71 |
| Previous close 10/15/2026 | $10.97 | $46.71 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FTMH | DFNM | |
|---|---|---|
| Last price | $10.97 | $46.71 |
| 1D performance | +0.00% | +0.00% |
| AuM | $646.36 M | $2.22 B |
| E/R | 0.35% | 0.18% |
Characteristics
FTMH | DFNM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Dimensional |
| Benchmark | - | - |
| N° of holdings | 96 | 259 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | November 15, 2021 |
| ESG | No | No |
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Exposure
Countries
FTMH
USA
26.09%
Other
73.91%
DFNM
USA
30.25%
Other
69.75%
Sectors
FTMH
Municipal
26.09%
Other
73.91%
DFNM
Municipal
30.25%
Other
69.75%
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Diversification
FTMH
Total weight of top 15 holdings out of 15
13.81%
DFNM
Total weight of top 15 holdings out of 15
8.59%
Top 15 holdings
Data as of August 31, 2026
FTMH
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
1.61%
CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2)
1.22%
US389526AJ35
0.97%
Puerto Rico, 4% 1jul2041, USD
0.96%
US57420VSP93
0.95%
US292723DP56
0.94%
Illinois Finance Authority, 5% 15feb2047, USD (2017A)
0.91%
Detroit, 4% 1apr2044, USD
0.87%
US650116GY64
0.82%
Chicago Board of Education, 5.75% 1dec2050, USD (2025A)
0.80%
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
0.79%
New York Transportation Development Corp., 4% 1jan2036, USD (2018)
0.78%
US51404PAK57
0.75%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
0.74%
Maricopa Industrial Development Authority, 7.375% 1oct2029, USD (2024)
0.71%
DFNM
County of Hudson, 4% 24feb2027, USD (2026)
0.80%
Revere, 4% 29jul2027, USD
0.72%
US692160VQ47
0.67%
City of Somerville (MA), 4% 28may2027, USD
0.67%
Hoboken, 4% 8mar2027, USD (2026)
0.67%
US562333SJ48
0.59%
US594712ZC81
0.58%
US609561SR73
0.51%
Maryland, 5% 1jun2037, USD (2025)
0.49%
US650028F992
0.49%
New Mexico, 5% 1mar2027, USD (2026)
0.49%
US686507NU45
0.48%
US30382AMM17
0.48%
US59333FR362
0.46%
Charleston School District, 5% 6may2027, USD (2026A)
0.46%
Frequently asked questions about FTMH and DFNM
How have the FTMH and DFNM ETFs performed in 2026?
As of October 16, 2026, FTMH is down -4.72% year-to-date (YTD), while DFNM has lost -1%. That puts DFNM better performer ahead so far this year.
Which ETF is attracting more investor money: FTMH or DFNM?
Year-to-date, the FTMH ETF saw +$137M in flows, compared to +$360M for DFNM.
Which ETF is bigger: FTMH or DFNM?
As of October 16, 2026, FTMH holds $646.36 M in assets under management (AUM), while DFNM manages $2.22 B.
What sectors do the FTMH and DFNM ETFs invest in?
FTMH leans toward sectors like Municipal. Meanwhile, DFNM focuses on Municipal.
What are the top holdings of the FTMH ETF and DFNM ETF?
FTMH top holdings include New York Transportation Development Corp., 6% 30jun2055, USD (2025), CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2) and US389526AJ35. DFNM holds in its top three: County of Hudson, 4% 24feb2027, USD (2026), Revere, 4% 29jul2027, USD and US692160VQ47.
Which ETF is more diversified: FTMH or DFNM?
FTMH holds 512 securities with 13.81% of its assets in the top 15. DFNM has 1198 securities and a top 15 weight of 8.59%.
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