FTMSvsFTMHETF Comparison
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Franklin Short-Term Municipal Income ETF (FTMS) and Franklin Municipal High Yield ETF (FTMH) 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 FTMH. FTMS is down -0.98% year-to-date (YTD) with +$73M in YTD flows. FTMH performs worse with -4.72% YTD performance, and +$137M in YTD flows. Run a side-by-side ETF comparison of FTMS and FTMH 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 FTMH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMS FTMH | -0.29%-1.47% | -1.34%-6.56% | -0.98%-4.72% | n/an/a | n/an/a | n/an/a |
| Flows | FTMS FTMH | +$25M+$92M | +$45M+$87M | +$73M+$137M | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMS FTMH | +2.06%+6.61% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTMS FTMH | -2.33%-8.53% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTMS FTMH | 92d92d | n/an/a | n/an/a | n/an/a |
Trading data
FTMS | FTMH | |
Last sale 10/16/2026 at 1:30 PM | $9.78 | $10.97 |
| Previous close 10/15/2026 | $9.79 | $10.97 |
| 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 1:30 PM
Live
Closed
FTMS | FTMH | |
|---|---|---|
| Last price | $9.78 | $10.97 |
| 1D performance | -0.10% | +0.00% |
| AuM | $232.32 M | $646.36 M |
| E/R | 0.22% | 0.35% |
Characteristics
FTMS | FTMH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 47 | 96 |
| 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
FTMS
USA
24.57%
Other
75.43%
FTMH
USA
26.09%
Other
73.91%
Sectors
FTMS
Municipal
24.57%
Other
75.43%
FTMH
Municipal
26.09%
Other
73.91%
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Diversification
FTMS
Total weight of top 15 holdings out of 15
16.97%
FTMH
Total weight of top 15 holdings out of 15
13.81%
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%
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%
Frequently asked questions about FTMS and FTMH
How have the FTMS and FTMH ETFs performed in 2026?
As of October 16, 2026, FTMS is down -0.98% year-to-date (YTD), while FTMH has lost -4.72%. That puts FTMS better performer ahead so far this year.
Which ETF is attracting more investor money: FTMS or FTMH?
Year-to-date, the FTMS ETF saw +$73M in flows, compared to +$137M for FTMH.
Which ETF is bigger: FTMS or FTMH?
As of October 16, 2026, FTMS holds $232.32 M in assets under management (AUM), while FTMH manages $646.36 M.
What sectors do the FTMS and FTMH ETFs invest in?
FTMS leans toward sectors like Municipal. Meanwhile, FTMH focuses on Municipal.
What are the top holdings of the FTMS ETF and FTMH ETF?
FTMS top holdings include Southeast Energy Authority, 5.25% 1mar2055, USD (2025B), US091097AA35 and US69068WAD56. FTMH holds in its top three: New York Transportation Development Corp., 6% 30jun2055, USD (2025), CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2) and US389526AJ35.
Which ETF is more diversified: FTMS or FTMH?
FTMS holds 253 securities with 16.97% of its assets in the top 15. FTMH has 512 securities and a top 15 weight of 13.81%.
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