FTMHvsFTMSETF Comparison
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Franklin Municipal High Yield ETF (FTMH) and Franklin Short-Term Municipal Income ETF (FTMS) 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 0.22% for FTMS. FTMH is down -1.4% year-to-date (YTD) with +$41M in YTD flows. FTMS performs better with -0.2% YTD performance, and +$30M in YTD flows. Run a side-by-side ETF comparison of FTMH and FTMS 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 FTMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMH FTMS | -1.42%-0.13% | -3.09%-0.55% | -1.40%-0.20% | n/an/a | n/an/a | n/an/a |
| Flows | FTMH FTMS | +$13M-$2M | +$9M+$9M | +$41M+$30M | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMH FTMS | +4.15%+1.40% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTMH FTMS | -4.41%-0.91% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTMH FTMS | 63d63d | n/an/a | n/an/a | n/an/a |
Trading data
FTMH | FTMS | |
Last sale 9/2/2026 at 1:30 PM | $11.35 | $9.87 |
| Previous close 09/01/2026 | $11.38 | $9.87 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FTMH | FTMS | |
|---|---|---|
| Last price | $11.35 | $9.87 |
| 1D performance | -0.22% | +0.00% |
| AuM | $567.94 M | $190.30 M |
| E/R | 0.35% | 0.22% |
Characteristics
FTMH | FTMS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 96 | 48 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
FTMH
USA
26.88%
Other
73.12%
FTMS
USA
26.46%
Other
73.54%
Sectors
FTMH
Municipal
26.88%
Other
73.12%
FTMS
Municipal
26.46%
Other
73.54%
Diversification
FTMH
Total weight of top 15 holdings out of 15
13.99%
FTMS
Total weight of top 15 holdings out of 15
17.73%
Top 15 holdings
Data as of July 31, 2026
FTMH
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
1.65%
CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2)
1.29%
US389526AJ35
1.00%
Puerto Rico, 4% 1jul2041, USD
0.99%
US57420VSP93
0.97%
Illinois Finance Authority, 5% 15feb2047, USD (2017A)
0.96%
Detroit, 4% 1apr2044, USD
0.89%
US650116GY64
0.84%
Chicago Board of Education, 5.75% 1dec2050, USD (2025A)
0.84%
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
0.81%
New York Transportation Development Corp., 4% 1jan2036, USD (2018)
0.80%
US51404PAK57
0.77%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
0.74%
US88035RDN17
0.73%
US88035UPA96
0.72%
FTMS
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
1.52%
US091097AA35
1.38%
US69068WAD56
1.26%
Main Street Natural Gas Inc., 4% 1jul2052, USD (2021A)
1.23%
California State University, 0.55% 1nov2049, USD (2016B-2)
1.19%
US686865AR74
1.16%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.14%
California Community Choice Financing Authority, 5% 1nov2055, USD (2024G)
1.13%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.11%
St. John the Baptist Parish, 3.3% 1jun2037, USD (2017)
1.11%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.11%
Newark, 4.25% 5may2027, USD (2026)
1.10%
US56035DDP42
1.10%
US773661AB90
1.10%
Southeast Energy Authority, 4% 1dec2051, USD
1.09%
Frequently asked questions about FTMH and FTMS
How have the FTMH and FTMS ETFs performed in 2026?
As of September 1, 2026, FTMH is down -1.4% year-to-date (YTD), while FTMS has lost -0.2%. That puts FTMS better performer ahead so far this year.
Which ETF is attracting more investor money: FTMH or FTMS?
Year-to-date, the FTMH ETF saw +$41M in flows, compared to +$30M for FTMS.
Which ETF is bigger: FTMH or FTMS?
As of September 1, 2026, FTMH holds $567.94 M in assets under management (AUM), while FTMS manages $190.30 M.
What sectors do the FTMH and FTMS ETFs invest in?
FTMH leans toward sectors like Municipal. Meanwhile, FTMS focuses on Municipal.
What are the top holdings of the FTMH ETF and FTMS 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. FTMS holds in its top three: Southeast Energy Authority, 5.25% 1mar2055, USD (2025B), US091097AA35 and US69068WAD56.
Which ETF is more diversified: FTMH or FTMS?
FTMH holds 495 securities with 13.99% of its assets in the top 15. FTMS has 245 securities and a top 15 weight of 17.73%.
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