FTNYvsHTAXETF Comparison
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Franklin New York Municipal Income ETF (FTNY) and Nomura National High-Yield Municipal Bond ETF (HTAX) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTNY is less expensive with a Total Expense Ratio (TER) of 0.37%, versus 0.49% for HTAX. FTNY is down -2.32% year-to-date (YTD) with -$25M in YTD flows. HTAX performs better with 1.08% YTD performance, and +$28M in YTD flows. Run a side-by-side ETF comparison of FTNY and HTAX 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 HTAX 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 HTAX | -1.52%-0.80% | -3.60%-1.48% | -2.32%+1.08% | n/a+6.88% | n/an/a | n/an/a |
| Flows | FTNY HTAX | +$4M+$1M | -$39M+$4M | -$25M+$28M | -+$32M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTNY HTAX | +3.76%+3.62% | n/a+3.60% | n/an/a | n/an/a |
| Max drawdown | FTNY HTAX | -4.38%-3.01% | n/a-3.01% | n/an/a | n/an/a |
| Max drawdown duration | FTNY HTAX | 64d58d | n/a58d | n/an/a | n/an/a |
Trading data
FTNY | HTAX | |
Last sale 9/3/2026 at 1:30 PM | $7.62 | $24.01 |
| Previous close 09/02/2026 | $7.63 | $23.97 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
FTNY | HTAX | |
|---|---|---|
| Last price | $7.62 | $24.01 |
| 1D performance | -0.12% | +0.17% |
| AuM | $586.63 M | $59.40 M |
| E/R | 0.37% | 0.49% |
Characteristics
FTNY | HTAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Nomura |
| Benchmark | - | - |
| N° of holdings | 95 | 101 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | March 5, 2025 |
| ESG | No | No |
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Exposure
Countries
FTNY
USA
51.95%
Other
48.05%
HTAX
USA
52.47%
Other
47.53%
Sectors
FTNY
Municipal
51.95%
Other
48.05%
HTAX
Municipal
52.47%
Other
47.53%
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Diversification
FTNY
Total weight of top 15 holdings out of 15
23.42%
HTAX
Total weight of top 15 holdings out of 15
16.32%
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%
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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%
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1.03%
US650116GY64
1.02%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.99%
HTAX
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
1.71%
Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018)
1.66%
Puerto Rico, FRN 1nov2043, USD
1.23%
Louisiana Public Facilities Authority, 5% 1sep2066, USD (2024)
1.21%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
1.18%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
1.13%
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0.98%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.96%
Wisconsin Public Finance Authority, 6.5% 31dec2065, USD (2025)
0.93%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.92%
San Diego Regional Airport Authority, 5.5% 1jul2055, USD (2025A)
0.89%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2053, USD (2023B)
0.89%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.88%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.88%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.87%
Frequently asked questions about FTNY and HTAX
How have the FTNY and HTAX ETFs performed in 2026?
As of September 2, 2026, FTNY is down -2.32% year-to-date (YTD), while HTAX has returned 1.08%. That puts HTAX better performer ahead so far this year.
Which ETF is attracting more investor money: FTNY or HTAX?
Year-to-date, the FTNY ETF saw -$25M in flows, compared to +$28M for HTAX.
Which ETF is bigger: FTNY or HTAX?
As of September 2, 2026, FTNY holds $586.63 M in assets under management (AUM), while HTAX manages $59.40 M.
What sectors do the FTNY and HTAX ETFs invest in?
FTNY leans toward sectors like Municipal. Meanwhile, HTAX focuses on Municipal.
What are the top holdings of the FTNY ETF and HTAX 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. HTAX holds in its top three: Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018) and Puerto Rico, FRN 1nov2043, USD.
Which ETF is more diversified: FTNY or HTAX?
FTNY holds 252 securities with 23.42% of its assets in the top 15. HTAX has 217 securities and a top 15 weight of 16.32%.
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Latest news about FTNY & HTAX
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