FTMSvsBKMSETF Comparison
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Franklin Short-Term Municipal Income ETF (FTMS) and BNY Mellon Municipal Short Duration ETF (BKMS) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMS is less expensive with a Total Expense Ratio (TER) of 0.22%, versus 0.35% for BKMS. Run a side-by-side ETF comparison of FTMS and BKMS 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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FTMS vs BKMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMS BKMS | -0.36%-0.12% | -1.43%-0.57% | -1.01%n/a | n/an/a | n/an/a | n/an/a |
| Flows | FTMS BKMS | +$23M+$21M | +$44M+$24M | +$72M- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMS BKMS | +2.06%+1.78% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTMS BKMS | -2.39%-1.90% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTMS BKMS | 92d50d | n/an/a | n/an/a | n/an/a |
Trading data
FTMS | BKMS | |
Last sale 10/16/2026 at 7:56 PM | $9.78 | $25.15 |
| Previous close 10/15/2026 | $9.79 | $25.16 |
| 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 7:56 PM
Live
Closed
FTMS | BKMS | |
|---|---|---|
| Last price | $9.78 | $25.15 |
| 1D performance | -0.06% | -0.02% |
| AuM | $230.78 M | $452.05 M |
| E/R | 0.22% | 0.35% |
Characteristics
FTMS | BKMS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | BNY Mellon |
| Benchmark | - | - |
| N° of holdings | 47 | 43 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
FTMS
USA
24.57%
Other
75.43%
BKMS
USA
24.68%
Other
75.32%
Sectors
FTMS
Municipal
24.57%
Other
75.43%
BKMS
Municipal
24.68%
Other
75.32%
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Diversification
FTMS
Total weight of top 15 holdings out of 15
16.97%
BKMS
Total weight of top 15 holdings out of 15
20.5%
Top 15 holdings
Data as of August 31, 2026
FTMS
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
1.45%
US091097AA35
1.31%
US69068WAD56
1.20%
US81640AAB98
1.18%
Main Street Natural Gas Inc., 4% 1jul2052, USD (2021A)
1.16%
California State University, 0.55% 1nov2049, USD (2016B-2)
1.13%
US686865AR74
1.11%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.09%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.06%
City of Los Angeles, 5% 24jun2027, USD (2026)
1.06%
California Community Choice Financing Authority, 5% 1nov2055, USD (2024G)
1.05%
US717883J787
1.05%
Newark, 4.25% 5may2027, USD (2026)
1.05%
US352410CV42
1.04%
US773661AB90
1.04%
BKMS
US762196EY54
2.31%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B)
1.85%
Southeast Energy Authority, 5% 1may2053, USD (2022)
1.76%
New York Dormitory Authority, 5% 1jul2048, USD
1.46%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-1)
1.34%
US71783TAC45
1.27%
City of New York, 5% 1aug2030, USD (2026)
1.25%
Private Colleges and Universities Authority, 5% 1sep2029, USD (2025A)
1.24%
Virginia Transportation Board, 5% 15may2031, USD (2017A)
1.19%
US899576HE55
1.18%
US593344CB87
1.17%
New York Housing Finance Agency, 3.6% 1nov2064, USD (2025)
1.17%
Rural Water Financing Agency, 2.75% 1may2028, USD (2025A)
1.15%
US803770XC53
1.11%
US45470YGD76
1.04%
Frequently asked questions about FTMS and BKMS
Which ETF is bigger: FTMS or BKMS?
As of October 15, 2026, FTMS holds $230.78 M in assets under management (AUM), while BKMS manages $452.05 M.
What sectors do the FTMS and BKMS ETFs invest in?
FTMS leans toward sectors like Municipal. Meanwhile, BKMS focuses on Municipal.
What are the top holdings of the FTMS ETF and BKMS ETF?
FTMS top holdings include Southeast Energy Authority, 5.25% 1mar2055, USD (2025B), US091097AA35 and US69068WAD56. BKMS holds in its top three: US762196EY54, Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B) and Southeast Energy Authority, 5% 1may2053, USD (2022).
Which ETF is more diversified: FTMS or BKMS?
FTMS holds 253 securities with 16.97% of its assets in the top 15. BKMS has 253 securities and a top 15 weight of 20.5%.
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