FTNYvsBSMVETF Comparison
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Franklin New York Municipal Income ETF (FTNY) and Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 BSMV. FTNY is down -2.32% year-to-date (YTD) with -$25M in YTD flows. BSMV performs better with -0.67% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of FTNY and BSMV 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 BSMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTNY BSMV | -1.52%-0.37% | -3.60%-1.28% | -2.32%-0.67% | n/a+2.20% | n/a+8.59% | n/an/a |
| Flows | FTNY BSMV | +$4M+$6M | -$39M+$10M | -$25M+$36M | -+$80M | -+$165M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTNY BSMV | +3.76%+2.07% | n/a+2.02% | n/a+3.72% | n/an/a |
| Max drawdown | FTNY BSMV | -4.38%-1.61% | n/a-2.60% | n/a-5.17% | n/an/a |
| Max drawdown duration | FTNY BSMV | 64d58d | n/a185d | n/a271d | n/an/a |
Trading data
FTNY | BSMV | |
Last sale 9/3/2026 at 1:30 PM | $7.62 | $20.61 |
| Previous close 09/02/2026 | $7.63 | $20.60 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FTNY
is actively managed and doesn’t replicate an indexFTNY | BSMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
FTNY | BSMV | |
|---|---|---|
| Last price | $7.62 | $20.61 |
| 1D performance | -0.12% | +0.04% |
| AuM | $586.63 M | $191.04 M |
| E/R | 0.37% | 0.18% |
Characteristics
FTNY | BSMV | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Invesco |
| Benchmark | - | Invesco BulletShares USD Municipal Bond 2031 Index |
| N° of holdings | 95 | 650 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | September 15, 2021 |
| ESG | No | No |
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Exposure
Countries
FTNY
USA
51.95%
Other
48.05%
BSMV
USA
53.44%
Other
46.56%
Sectors
FTNY
Municipal
51.95%
Other
48.05%
BSMV
Municipal
53.44%
Other
46.56%
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Diversification
FTNY
Total weight of top 15 holdings out of 15
23.42%
BSMV
Total weight of top 15 holdings out of 15
5.62%
Top 15 holdings
Data as of July 31, 2026
FTNY
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
3.26%
New York Liberty Development Corp., 5% 15nov2044, USD
2.42%
New York Transitional Finance Authority, 5.5% 1nov2045, USD
1.87%
US64985TEM99
1.84%
Long Island Power Authority, 5% 1sep2049, USD (2024A)
1.82%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
1.81%
New York Dormitory Authority, 4% 1may2045, USD (2022A)
1.60%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2025)
1.35%
New York Dormitory Authority, 5.5% 1jul2040, USD (2001(1)
1.17%
New York Liberty Development Corp., 2.75% 15feb2044, USD
1.10%
Build NYC Resource Corp., 5.25% 1jul2062, USD (2022)
1.08%
City of New York, 5.25% 1mar2053, USD (2024)
1.05%
US62947YAC57
1.03%
US650116GY64
1.02%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.99%
BSMV
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.67%
Illinois Toll Highway Authority, 5% 1jan2045, USD
0.62%
New Jersey, 4% 1jun2031, USD
0.62%
University of California, 5% 15may2046, USD
0.34%
US13032UE388
0.34%
California, 4% 1oct2041, USD
0.33%
California, 5% 1sep2041, USD
0.32%
New York Dormitory Authority, 5% 15aug2002, USD
0.31%
US45884AC273
0.31%
US13063DM705
0.30%
Massachusetts, 5% 1sep2031, USD (2021)
0.30%
Triborough Bridge and Tunnel Authority, 5% 15nov2051, USD (2021A)
0.30%
US646140JN47
0.30%
Maryland, 5% 1mar2034, USD
0.29%
New York Dormitory Authority, 5% 1oct2037, USD (2023A)
0.27%
Frequently asked questions about FTNY and BSMV
How have the FTNY and BSMV ETFs performed in 2026?
As of September 2, 2026, FTNY is down -2.32% year-to-date (YTD), while BSMV has lost -0.67%. That puts BSMV better performer ahead so far this year.
Which ETF is attracting more investor money: FTNY or BSMV?
Year-to-date, the FTNY ETF saw -$25M in flows, compared to +$36M for BSMV.
Which ETF is bigger: FTNY or BSMV?
As of September 2, 2026, FTNY holds $586.63 M in assets under management (AUM), while BSMV manages $191.04 M.
What sectors do the FTNY and BSMV ETFs invest in?
FTNY leans toward sectors like Municipal. Meanwhile, BSMV focuses on Municipal.
What are the top holdings of the FTNY ETF and BSMV 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. BSMV holds in its top three: Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A), Illinois Toll Highway Authority, 5% 1jan2045, USD and New Jersey, 4% 1jun2031, USD.
Which ETF is more diversified: FTNY or BSMV?
FTNY holds 252 securities with 23.42% of its assets in the top 15. BSMV has 1482 securities and a top 15 weight of 5.62%.
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