FTMUvsBSMWETF Comparison
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Franklin Municipal Income ETF (FTMU) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMU is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.18% for BSMW. FTMU is down -4.46% year-to-date (YTD) with +$24M in YTD flows. BSMW performs better with -2.1% YTD performance, and +$89M in YTD flows. Run a side-by-side ETF comparison of FTMU and BSMW 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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FTMU vs BSMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMU BSMW | -1.11%-0.09% | -5.53%-3.05% | -4.46%-2.10% | n/a-1.51% | n/a+10.84% | n/an/a |
| Flows | FTMU BSMW | +$26M+$17M | +$692K+$27M | +$24M+$89M | -+$112M | -+$207M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMU BSMW | +6.31%+4.97% | n/a+3.12% | n/a+4.15% | n/an/a |
| Max drawdown | FTMU BSMW | -7.74%-5.60% | n/a-6.62% | n/a-6.62% | n/an/a |
| Max drawdown duration | FTMU BSMW | 92d92d | n/a229d | n/a229d | n/an/a |
Trading data
FTMU | BSMW | |
Last sale 10/16/2026 at 1:30 PM | $7.43 | $24.03 |
| Previous close 10/15/2026 | $7.42 | $24.03 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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FTMU
is actively managed and doesn’t replicate an indexFTMU | BSMW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FTMU | BSMW | |
|---|---|---|
| Last price | $7.43 | $24.03 |
| 1D performance | +0.13% | +0.00% |
| AuM | $472.87 M | $227.69 M |
| E/R | 0.3% | 0.18% |
Characteristics
FTMU | BSMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Invesco |
| Benchmark | - | ICE BulletShares USD Municipal Bond 2032 Index |
| N° of holdings | 80 | 629 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | March 1, 2023 |
| ESG | No | No |
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Exposure
Countries
FTMU
USA
39.82%
Other
60.18%
BSMW
USA
40.37%
Other
59.63%
Sectors
FTMU
Municipal
39.82%
Other
60.18%
BSMW
Municipal
40.37%
Other
59.63%
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Diversification
FTMU
Total weight of top 15 holdings out of 15
19.19%
BSMW
Total weight of top 15 holdings out of 15
5.14%
Top 15 holdings
Data as of August 31, 2026
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.35%
US969878AB36
1.49%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.41%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.32%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.29%
US31350ACS50
1.25%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.17%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.16%
US25476FA408
1.15%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.15%
US97712D8M13
1.12%
US709224DV89
1.12%
US240471PF32
1.11%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.10%
US6446147E39
1.01%
BSMW
University of California Medical Center, 5% 15may2047, USD (2022)
0.51%
New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023)
0.49%
US46246SAU96
0.42%
University of California, 5% 15may2032, USD (2022)
0.41%
University of California, 5% 15may2052, USD (2022)
0.38%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.35%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.31%
New Jersey, 4% 1jun2032, USD
0.30%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2051, USD (2022D)
0.29%
US13063DT817
0.29%
US89602HEY99
0.28%
US01728VWU06
0.28%
New York Transitional Finance Authority, 5% 1feb2047, USD
0.28%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.28%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.28%
Frequently asked questions about FTMU and BSMW
How have the FTMU and BSMW ETFs performed in 2026?
As of October 16, 2026, FTMU is down -4.46% year-to-date (YTD), while BSMW has lost -2.1%. That puts BSMW better performer ahead so far this year.
Which ETF is attracting more investor money: FTMU or BSMW?
Year-to-date, the FTMU ETF saw +$24M in flows, compared to +$89M for BSMW.
Which ETF is bigger: FTMU or BSMW?
As of October 16, 2026, FTMU holds $472.87 M in assets under management (AUM), while BSMW manages $227.69 M.
What sectors do the FTMU and BSMW ETFs invest in?
FTMU leans toward sectors like Municipal. Meanwhile, BSMW focuses on Municipal.
What are the top holdings of the FTMU ETF and BSMW ETF?
FTMU top holdings include New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D). BSMW holds in its top three: University of California Medical Center, 5% 15may2047, USD (2022), New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023) and US46246SAU96.
Which ETF is more diversified: FTMU or BSMW?
FTMU holds 260 securities with 19.19% of its assets in the top 15. BSMW has 1912 securities and a top 15 weight of 5.14%.
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