FTNYvsBSMQETF Comparison
VS
Franklin New York Municipal Income ETF (FTNY) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTNY is more expensive with a Total Expense Ratio (TER) of 0.37%, versus 0.18% for BSMQ. FTNY is down -4.93% year-to-date (YTD) with -$21M in YTD flows. BSMQ performs better with 1.52% YTD performance, and -$47M in YTD flows. Run a side-by-side ETF comparison of FTNY and BSMQ 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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FTNY vs BSMQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTNY BSMQ | -1.24%+0.16% | -5.78%+0.32% | -4.93%+1.52% | -5.20%+2.07% | n/a+11.60% | n/a+2.66% |
| Flows | FTNY BSMQ | +$4M-$12M | -$40M-$28M | -$21M-$47M | +$611M-$38M | -+$136M | -+$230M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTNY BSMQ | +6.66%+0.66% | +4.24%+0.47% | n/a+1.17% | n/a+2.01% |
| Max drawdown | FTNY BSMQ | -7.92%-0.38% | -9.22%-0.38% | n/a-1.47% | n/a-11.16% |
| Max drawdown duration | FTNY BSMQ | 91d44d | 232d44d | n/a68d | n/a1347d |
Trading data
FTNY | BSMQ | |
Last sale 10/19/2026 at 1:30 PM | $7.43 | $23.43 |
| Previous close 10/19/2026 | $7.43 | $23.48 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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FTNY
is actively managed and doesn’t replicate an indexFTNY | BSMQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
FTNY | BSMQ | |
|---|---|---|
| Last price | $7.43 | $23.43 |
| 1D performance | +0.00% | -0.21% |
| AuM | $574.28 M | $253.45 M |
| E/R | 0.37% | 0.18% |
Characteristics
FTNY | BSMQ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Invesco |
| Benchmark | - | ICE BulletShares USD Municipal Bond 2026 Index |
| N° of holdings | 96 | 641 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | September 13, 2019 |
| ESG | No | No |
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Exposure
Countries
FTNY
USA
51.81%
Other
48.19%
BSMQ
USA
50.89%
Other
49.11%
Sectors
FTNY
Municipal
51.81%
Other
48.19%
BSMQ
Municipal
50.89%
Other
49.11%
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Diversification
FTNY
Total weight of top 15 holdings out of 15
23.32%
BSMQ
Total weight of top 15 holdings out of 15
9.37%
Top 15 holdings
Data as of August 31, 2026
FTNY
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
3.24%
New York Liberty Development Corp., 5% 15nov2044, USD
2.44%
New York Transitional Finance Authority, 5.5% 1nov2045, USD
1.87%
US64985TEM99
1.83%
Long Island Power Authority, 5% 1sep2049, USD (2024A)
1.81%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
1.80%
New York Dormitory Authority, 4% 1may2045, USD (2022A)
1.59%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2025)
1.35%
New York Dormitory Authority, 5.5% 1jul2040, USD (2001(1)
1.16%
Build NYC Resource Corp., 5.25% 1jul2062, USD (2022)
1.08%
City of New York, 5.25% 1mar2053, USD (2024)
1.05%
New York Liberty Development Corp., 2.75% 15feb2044, USD
1.05%
US62947YAC57
1.04%
US650116GY64
1.02%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.99%
BSMQ
US451295ZZ58
1.44%
US64972GDC50
1.07%
US160853UL92
0.77%
Maryland Department of Transportation, 5% 1oct2026, USD (2019)
0.64%
US64579FYL11
0.59%
US20775HAA14
0.57%
Charlotte-Mecklenburg Hospital Authority, FRN 15jan2048, USD (2018H)
0.54%
US604115CT06
0.54%
US095175VQ53
0.50%
Illinois Toll Highway Authority, 5% 1jan2040, USD
0.47%
US167560SV44
0.47%
US59261AX695
0.46%
US917393CY40
0.44%
US160853MR54
0.44%
Columbus (OH), 5% 1jun2032, USD (2015)
0.43%
Frequently asked questions about FTNY and BSMQ
How have the FTNY and BSMQ ETFs performed in 2026?
As of October 19, 2026, FTNY is down -4.93% year-to-date (YTD), while BSMQ has returned 1.52%. That puts BSMQ better performer ahead so far this year.
Which ETF is attracting more investor money: FTNY or BSMQ?
Year-to-date, the FTNY ETF saw -$21M in flows, compared to -$47M for BSMQ.
Which ETF is more volatile: FTNY or BSMQ?
Over the past year, FTNY had a volatility of 4.24%, while BSMQ experienced 0.47%.
Which ETF is bigger: FTNY or BSMQ?
As of October 19, 2026, FTNY holds $574.28 M in assets under management (AUM), while BSMQ manages $253.45 M.
What sectors do the FTNY and BSMQ ETFs invest in?
FTNY leans toward sectors like Municipal. Meanwhile, BSMQ focuses on Municipal.
What are the top holdings of the FTNY ETF and BSMQ ETF?
FTNY top holdings include New York Liberty Development Corp., 3% 15sep2043, USD (2015B), New York Liberty Development Corp., 5% 15nov2044, USD and New York Transitional Finance Authority, 5.5% 1nov2045, USD. BSMQ holds in its top three: US451295ZZ58, US64972GDC50 and US160853UL92.
Which ETF is more diversified: FTNY or BSMQ?
FTNY holds 255 securities with 23.32% of its assets in the top 15. BSMQ has 1271 securities and a top 15 weight of 9.37%.
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