FTMSvsMBBAETF Comparison
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Franklin Short-Term Municipal Income ETF (FTMS) belongs to the Municipal Bonds segment. iShares Mortgage-Backed Securities Active ETF (MBBA) is part of the MBS & ABS segment. FTMS's top 1 sector exposures are Municipal. In contrast, MBBA's top sector exposures are Industrials and Non-Corporate. FTMS is less expensive with a Total Expense Ratio (TER) of 0.22%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of FTMS and MBBA 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 MBBA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMS MBBA | +0.09%+0.41% | -0.10%-0.81% | +0.25%n/a | n/an/a | n/an/a | n/an/a |
| Flows | FTMS MBBA | -$2M+$5M | +$8M+$35M | +$29M- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMS MBBA | +1.09%+4.76% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTMS MBBA | -0.77%-2.02% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTMS MBBA | 62d63d | n/an/a | n/an/a | n/an/a |
Trading data
FTMS | MBBA | |
Last sale 9/1/2026 at 1:30 PM | $9.87 | $48.49 |
| Previous close 08/31/2026 | $9.90 | $48.76 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
FTMS | MBBA | |
|---|---|---|
| Last price | $9.87 | $48.49 |
| 1D performance | -0.30% | -0.56% |
| AuM | $190.65 M | $157.24 M |
| E/R | 0.22% | 0.26% |
Characteristics
FTMS | MBBA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | iShares |
| Benchmark | - | - |
| N° of holdings | 48 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | January 23, 2026 |
| ESG | No | No |
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Exposure
Countries
FTMS
USA
26.46%
Other
73.54%
MBBA
Data will be available soon
Sectors
FTMS
Municipal
26.46%
Other
73.54%
MBBA
Data will be available soon
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Diversification
FTMS
Total weight of top 15 holdings out of 15
17.73%
MBBA
Data will be available soon
Top 15 holdings
Data as of July 31, 2026
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%
MBBA
Data will be available soon
Frequently asked questions about FTMS and MBBA
Which ETF is bigger: FTMS or MBBA?
As of August 31, 2026, FTMS holds $190.65 M in assets under management (AUM), while MBBA manages $157.24 M.
What sectors do the FTMS and MBBA ETFs invest in?
FTMS leans toward sectors like Municipal. Meanwhile, MBBA focuses on Industrials and Non-Corporate.
What are the top holdings of the FTMS ETF and MBBA ETF?
FTMS top holdings include Southeast Energy Authority, 5.25% 1mar2055, USD (2025B), US091097AA35 and US69068WAD56. MBBA holds in its top three: US01F0526800, US01F0206874 and BlackRock Liquidity T-Fund.
Which ETF is more diversified: FTMS or MBBA?
FTMS holds 245 securities with 17.73% of its assets in the top 15. MBBA has 491 securities and a top 15 weight of 89.36%.
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