FTMSvsWDEETF Comparison
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Franklin Short-Term Municipal Income ETF (FTMS) belongs to the Municipal Bonds segment. Principal Securitized Debt ETF (WDE) is part of the US Corporate IG Bonds segment. FTMS's top 1 sector exposures are Municipal. In contrast, WDE's top sector exposures are Industrials, Utilities and Sovereign. FTMS is more expensive with a Total Expense Ratio (TER) of 0.22%, versus 0.19% for WDE. Run a side-by-side ETF comparison of FTMS and WDE 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 WDE 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 WDE | -0.29%+0.04% | -1.34%-1.41% | -0.98%n/a | n/an/a | n/an/a | n/an/a |
| Flows | FTMS WDE | +$25M+$7M | +$45M+$7M | +$73M- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMS WDE | +2.06%+3.37% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTMS WDE | -2.33%-2.62% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTMS WDE | 92d52d | n/an/a | n/an/a | n/an/a |
Trading data
FTMS | WDE | |
Last sale 10/16/2026 at 1:30 PM | $9.78 | $24.50 |
| Previous close 10/15/2026 | $9.79 | $24.48 |
| 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 | WDE | |
|---|---|---|
| Last price | $9.78 | $24.50 |
| 1D performance | -0.10% | +0.08% |
| AuM | $232.32 M | $26.86 M |
| E/R | 0.22% | 0.19% |
Characteristics
FTMS | WDE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Principal Global Investors |
| Benchmark | - | - |
| N° of holdings | 47 | 14 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | May 21, 2026 |
| ESG | No | No |
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Exposure
Countries
FTMS
USA
24.57%
Other
75.43%
WDE
USA
23.63%
Other
76.37%
Sectors
FTMS
Municipal
24.57%
Other
75.43%
WDE
Industrials
11.37%
Other
88.63%
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Diversification
FTMS
Total weight of top 15 holdings out of 15
16.97%
WDE
Total weight of top 15 holdings out of 15
62.33%
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%
WDE
US55376CAJ27
5.14%
US437918AD75
5.03%
US39154GAJ58
5.00%
US36275VAA17
4.97%
US29373NAC11
4.95%
US20681AAA97
4.94%
PG&E Wildfire Recovery Funding, 5.256% 15jan2038, USD (A-2)
4.94%
US37989DAC20
4.21%
US61766CAG42
3.90%
USA, Bills 0% 24dec2026, USD (363D)
3.72%
US088921AA90
3.68%
US92868BAD55
3.64%
US36258RBC60
3.25%
US21H0526945
2.49%
US05495BBN55
2.47%
Frequently asked questions about FTMS and WDE
Which ETF is bigger: FTMS or WDE?
As of October 16, 2026, FTMS holds $232.32 M in assets under management (AUM), while WDE manages $26.86 M.
What sectors do the FTMS and WDE ETFs invest in?
FTMS leans toward sectors like Municipal. Meanwhile, WDE focuses on Industrials.
What are the top holdings of the FTMS ETF and WDE ETF?
FTMS top holdings include Southeast Energy Authority, 5.25% 1mar2055, USD (2025B), US091097AA35 and US69068WAD56. WDE holds in its top three: US55376CAJ27, US437918AD75 and US39154GAJ58.
Which ETF is more diversified: FTMS or WDE?
FTMS holds 253 securities with 16.97% of its assets in the top 15. WDE has 45 securities and a top 15 weight of 62.33%.
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