FTMUvsGNMAETF Comparison
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Franklin Municipal Income ETF (FTMU) belongs to the Municipal Bonds segment. iShares GNMA Bond ETF (GNMA) is part of the MBS & ABS segment. FTMU's top 1 sector exposures are Municipal. In contrast, GNMA's top sector exposures are Industrials and Non-Corporate. FTMU is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.11% for GNMA. FTMU is down -4.46% year-to-date (YTD) with +$24M in YTD flows. GNMA performs better with -1.65% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of FTMU and GNMA 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 GNMA 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 GNMA | -1.11%-0.41% | -5.53%-2.53% | -4.46%-1.65% | n/a-1.41% | n/a+15.95% | n/a+0.31% |
| Flows | FTMU GNMA | +$26M-$15M | +$692K+$7M | +$24M+$36M | -+$69M | -+$124M | --$12M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMU GNMA | +6.31%+5.77% | n/a+4.49% | n/a+5.59% | n/a+6.56% |
| Max drawdown | FTMU GNMA | -7.74%-4.45% | n/a-5.36% | n/a-5.36% | n/a-15.48% |
| Max drawdown duration | FTMU GNMA | 92d52d | n/a229d | n/a229d | n/a1397d |
Trading data
FTMU | GNMA | |
Last sale 10/16/2026 at 1:30 PM | $7.43 | $42.27 |
| Previous close 10/15/2026 | $7.42 | $42.26 |
| 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 September 30, 2026
1-year trailing difference
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FTMU
is actively managed and doesn’t replicate an indexFTMU | GNMA | |
|---|---|---|
| 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 | GNMA | |
|---|---|---|
| Last price | $7.43 | $42.27 |
| 1D performance | +0.13% | +0.02% |
| AuM | $472.87 M | $416.20 M |
| E/R | 0.3% | 0.11% |
Characteristics
FTMU | GNMA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | - | Bloomberg U.S. GNMA Bond Index |
| N° of holdings | 80 | 109 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | February 14, 2012 |
| ESG | No | No |
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Exposure
Countries
FTMU
USA
39.82%
Other
60.18%
GNMA
USA
48.8%
Other
51.2%
Sectors
FTMU
Municipal
39.82%
Other
60.18%
GNMA
Industrials
39.92%
Non-Corporate
8.88%
Other
51.2%
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Diversification
FTMU
Total weight of top 15 holdings out of 15
19.19%
GNMA
Total weight of top 15 holdings out of 15
33.91%
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%
GNMA
BlackRock Cash Funds - Treasury
8.88%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.59%
US3618N5XQ77
2.51%
G2 MA9360, 4.5% 20dec2053, USD (ABS)
2.42%
US21H0526945
1.97%
US36179WTX64
1.90%
G2 MA8878, 5% 20may2053, USD (ABS)
1.67%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.64%
US36179WJR07
1.62%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.59%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.59%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.44%
US36179WLP13
1.40%
US36179WFG87
1.38%
US3617NWEY42
1.32%
Frequently asked questions about FTMU and GNMA
How have the FTMU and GNMA ETFs performed in 2026?
As of October 16, 2026, FTMU is down -4.46% year-to-date (YTD), while GNMA has lost -1.65%. That puts GNMA better performer ahead so far this year.
Which ETF is attracting more investor money: FTMU or GNMA?
Year-to-date, the FTMU ETF saw +$24M in flows, compared to +$36M for GNMA.
Which ETF is bigger: FTMU or GNMA?
As of October 16, 2026, FTMU holds $472.87 M in assets under management (AUM), while GNMA manages $416.20 M.
What sectors do the FTMU and GNMA ETFs invest in?
FTMU leans toward sectors like Municipal. Meanwhile, GNMA focuses on Industrials and Non-Corporate.
What are the top holdings of the FTMU ETF and GNMA 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). GNMA holds in its top three: BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77.
Which ETF is more diversified: FTMU or GNMA?
FTMU holds 260 securities with 19.19% of its assets in the top 15. GNMA has 355 securities and a top 15 weight of 33.91%.
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