FTNJvsTFIETF Comparison
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Franklin New Jersey Municipal Income ETF (FTNJ) and State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTNJ is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.23% for TFI. FTNJ is down -1.74% year-to-date (YTD) with +$35M in YTD flows. TFI performs better with -0.65% YTD performance, and +$108M in YTD flows. Run a side-by-side ETF comparison of FTNJ and TFI 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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FTNJ vs TFI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTNJ TFI | -1.02%-0.75% | -2.48%-1.71% | -1.74%-0.65% | n/a+3.11% | n/a+7.80% | n/a-2.48% |
| Flows | FTNJ TFI | +$3M-$58M | +$11M-$93K | +$35M+$108M | --$158M | --$625M | --$48M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTNJ TFI | +3.09%+2.70% | n/a+2.52% | n/a+4.01% | n/a+4.00% |
| Max drawdown | FTNJ TFI | -3.33%-2.48% | n/a-2.76% | n/a-6.06% | n/a-14.90% |
| Max drawdown duration | FTNJ TFI | 63d57d | n/a184d | n/a277d | n/a1619d |
Trading data
FTNJ | TFI | |
Last sale 9/2/2026 at 1:30 PM | $8.55 | $44.29 |
| Previous close 09/01/2026 | $8.57 | $44.32 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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FTNJ
is actively managed and doesn’t replicate an indexFTNJ | TFI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FTNJ | TFI | |
|---|---|---|
| Last price | $8.55 | $44.29 |
| 1D performance | -0.23% | -0.07% |
| AuM | $172.06 M | $3.03 B |
| E/R | 0.35% | 0.23% |
Characteristics
FTNJ | TFI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | ICE 1+ Year AMT‑Free Broad Municipal Index |
| N° of holdings | 52 | 818 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | September 11, 2007 |
| ESG | No | No |
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Exposure
Countries
FTNJ
USA
42.4%
Other
57.6%
TFI
USA
42.65%
Other
57.35%
Sectors
FTNJ
Municipal
42.4%
Other
57.6%
TFI
Municipal
42.65%
Other
57.35%
Diversification
FTNJ
Total weight of top 15 holdings out of 15
27.02%
TFI
Total weight of top 15 holdings out of 15
2.89%
Top 15 holdings
Data as of July 31, 2026
FTNJ
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024)
3.17%
New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994)
3.05%
US645790UQ77
1.99%
US443730PU48
1.98%
US646067FW31
1.98%
US37970PLW04
1.85%
US246343PA97
1.68%
Bastrop Independent School District, 5% 15feb2053, USD (2023)
1.63%
New Jersey Educational Facilities Authority, 5% 1jul2051, USD (2026)
1.58%
US838536MR84
1.58%
New Jersey Educational Facilities Authority, 4% 1jul2050, USD
1.57%
New York and New Jersey Port Authority, 5% 1nov2044, USD
1.27%
New Jersey Economic Development Authority, 5% 1oct2047, USD (2017)
1.24%
US645790CA28
1.22%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2041, USD
1.22%
TFI
California, 5% 1nov2027, USD
0.23%
City of New York, 5% 1aug2033, USD (2018)
0.21%
State of Washington, 5% 1feb2028, USD (2024A)
0.20%
US55844RWX87
0.20%
US91412HWK57
0.20%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.20%
US574204S201
0.19%
US373385LV30
0.19%
US574193VL92
0.19%
US64972GE598
0.19%
California, 5% 1nov2032, USD
0.18%
US764581KP80
0.18%
US677523KE13
0.18%
US010831EC55
0.18%
US207758N749
0.17%
Frequently asked questions about FTNJ and TFI
How have the FTNJ and TFI ETFs performed in 2026?
As of September 1, 2026, FTNJ is down -1.74% year-to-date (YTD), while TFI has lost -0.65%. That puts TFI better performer ahead so far this year.
Which ETF is attracting more investor money: FTNJ or TFI?
Year-to-date, the FTNJ ETF saw +$35M in flows, compared to +$108M for TFI.
Which ETF is bigger: FTNJ or TFI?
As of September 1, 2026, FTNJ holds $172.06 M in assets under management (AUM), while TFI manages $3.03 B.
What sectors do the FTNJ and TFI ETFs invest in?
FTNJ leans toward sectors like Municipal. Meanwhile, TFI focuses on Municipal.
What are the top holdings of the FTNJ ETF and TFI ETF?
FTNJ top holdings include New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024), New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994) and US645790UQ77. TFI holds in its top three: California, 5% 1nov2027, USD, City of New York, 5% 1aug2033, USD (2018) and State of Washington, 5% 1feb2028, USD (2024A).
Which ETF is more diversified: FTNJ or TFI?
FTNJ holds 155 securities with 27.02% of its assets in the top 15. TFI has 1904 securities and a top 15 weight of 2.89%.
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