FTMHvsMMSDETF Comparison
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Franklin Municipal High Yield ETF (FTMH) and NYLI MacKay Muni Short Duration ETF (MMSD) belong to the same industry segment: Municipal Bonds. FTMH's top 1 sector exposures are Municipal. In contrast, MMSD's top sector exposures are Municipal, Healthcare and Industrials. FTMH is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.44% for MMSD. FTMH is down -1.4% year-to-date (YTD) with +$41M in YTD flows. MMSD performs better with 1.46% YTD performance, and +$27M in YTD flows. Run a side-by-side ETF comparison of FTMH and MMSD 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 MMSD 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 MMSD | -1.42%+0.21% | -3.09%+0.32% | -1.40%+1.46% | n/a+2.78% | n/an/a | n/an/a |
| Flows | FTMH MMSD | +$13M+$5M | +$9M+$15M | +$41M+$27M | -+$56M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMH MMSD | +4.15%+1.07% | n/a+1.11% | n/an/a | n/an/a |
| Max drawdown | FTMH MMSD | -4.41%-0.61% | n/a-1.25% | n/an/a | n/an/a |
| Max drawdown duration | FTMH MMSD | 63d36d | n/a114d | n/an/a | n/an/a |
Trading data
FTMH | MMSD | |
Last sale 9/2/2026 at 1:30 PM | $11.35 | $25.18 |
| Previous close 09/01/2026 | $11.38 | $25.18 |
| 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 | MMSD | |
|---|---|---|
| Last price | $11.35 | $25.18 |
| 1D performance | -0.22% | +0.00% |
| AuM | $567.94 M | $83.02 M |
| E/R | 0.35% | 0.44% |
Characteristics
FTMH | MMSD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 96 | 41 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | May 5, 2025 |
| ESG | No | No |
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Exposure
Countries
FTMH
USA
26.88%
Other
73.12%
MMSD
USA
24.97%
Other
75.03%
Sectors
FTMH
Municipal
26.88%
Other
73.12%
MMSD
Municipal
22.59%
Other
77.41%
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Diversification
FTMH
Total weight of top 15 holdings out of 15
13.99%
MMSD
Total weight of top 15 holdings out of 15
19.67%
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%
MMSD
US708692BV94
1.85%
US72342NAF24
1.51%
US118217CN67
1.32%
US84136HCT86
1.31%
US19648FJ393
1.29%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
1.29%
Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)
1.28%
US63609YAA64
1.24%
New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)
1.24%
US360059AL37
1.23%
US59447UBB52
1.23%
US04785VCD47
1.23%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
1.23%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.22%
US87972MCC47
1.22%
Frequently asked questions about FTMH and MMSD
How have the FTMH and MMSD ETFs performed in 2026?
As of September 1, 2026, FTMH is down -1.4% year-to-date (YTD), while MMSD has returned 1.46%. That puts MMSD better performer ahead so far this year.
Which ETF is attracting more investor money: FTMH or MMSD?
Year-to-date, the FTMH ETF saw +$41M in flows, compared to +$27M for MMSD.
Which ETF is bigger: FTMH or MMSD?
As of September 1, 2026, FTMH holds $567.94 M in assets under management (AUM), while MMSD manages $83.02 M.
What sectors do the FTMH and MMSD ETFs invest in?
FTMH leans toward sectors like Municipal. Meanwhile, MMSD focuses on Municipal.
What are the top holdings of the FTMH ETF and MMSD 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. MMSD holds in its top three: US708692BV94, US72342NAF24 and US118217CN67.
Which ETF is more diversified: FTMH or MMSD?
FTMH holds 495 securities with 13.99% of its assets in the top 15. MMSD has 155 securities and a top 15 weight of 19.67%.
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