FTNYvsMUNXETF Comparison
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Franklin New York Municipal Income ETF (FTNY) and AMG GW&K Muni Income ETF (MUNX) 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 0.29% for MUNX. FTNY is down -2.29% year-to-date (YTD) with -$25M in YTD flows. MUNX performs better with -0.05% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of FTNY and MUNX 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 MUNX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTNY MUNX | -1.50%-0.78% | -3.58%-1.84% | -2.29%-0.05% | n/an/a | n/an/a | n/an/a |
| Flows | FTNY MUNX | +$4M- | -$40M+$501K | -$25M+$10M | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTNY MUNX | +3.77%+2.90% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTNY MUNX | -4.38%-2.48% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTNY MUNX | 65d59d | n/an/a | n/an/a | n/an/a |
Trading data
FTNY | MUNX | |
Last sale 9/4/2026 at 1:30 PM | $7.63 | $24.32 |
| Previous close 09/03/2026 | $7.62 | $24.32 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
FTNY | MUNX | |
|---|---|---|
| Last price | $7.63 | $24.32 |
| 1D performance | +0.13% | -0.02% |
| AuM | $586.79 M | $19.47 M |
| E/R | 0.37% | 0.29% |
Characteristics
FTNY | MUNX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | AMG |
| Benchmark | - | - |
| N° of holdings | 95 | 39 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | October 29, 2025 |
| ESG | No | No |
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Exposure
Countries
FTNY
USA
51.95%
Other
48.05%
MUNX
USA
50.25%
Other
49.75%
Sectors
FTNY
Municipal
51.95%
Other
48.05%
MUNX
Municipal
50.25%
Other
49.75%
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Diversification
FTNY
Total weight of top 15 holdings out of 15
23.42%
MUNX
Total weight of top 15 holdings out of 15
32.67%
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%
MUNX
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
3.06%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
2.64%
US70868YAL39
2.57%
US03843TBQ31
2.23%
Houston, 5% 1sep2038, USD (2026C)
2.19%
US717823Y444
2.16%
US65889BEL45
2.15%
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
2.13%
US46613SGA24
2.09%
Massachusetts Development Finance Agency, 5.5% 1oct2044, USD (2026A)
2.03%
Texas Private Activity Bond Surface Transportation Corp., 5% 30jun2058, USD (2019)
1.98%
US74448EAA29
1.92%
New York Urban Development Corp., 4% 31oct2034, USD (2021)
1.89%
New York Transportation Development Corp., 5% 1oct2040, USD (2020)
1.81%
US84136HCT86
1.80%
Frequently asked questions about FTNY and MUNX
How have the FTNY and MUNX ETFs performed in 2026?
As of September 3, 2026, FTNY is down -2.29% year-to-date (YTD), while MUNX has lost -0.05%. That puts MUNX better performer ahead so far this year.
Which ETF is attracting more investor money: FTNY or MUNX?
Year-to-date, the FTNY ETF saw -$25M in flows, compared to +$10M for MUNX.
Which ETF is bigger: FTNY or MUNX?
As of September 3, 2026, FTNY holds $586.79 M in assets under management (AUM), while MUNX manages $19.47 M.
What sectors do the FTNY and MUNX ETFs invest in?
FTNY leans toward sectors like Municipal. Meanwhile, MUNX focuses on Municipal.
What are the top holdings of the FTNY ETF and MUNX 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. MUNX holds in its top three: Commonwealth Financing Authority, 4% 1jun2039, USD (2018), County of Jefferson (AL), 5.5% 1oct2053, USD (2024) and US70868YAL39.
Which ETF is more diversified: FTNY or MUNX?
FTNY holds 252 securities with 23.42% of its assets in the top 15. MUNX has 74 securities and a top 15 weight of 32.67%.
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