FTNYvsVCRMETF Comparison
VS
Franklin New York Municipal Income ETF (FTNY) and Vanguard Core Tax-Exempt Bond ETF (VCRM) 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 0.12% for VCRM. FTNY is down -4.86% year-to-date (YTD) with -$21M in YTD flows. VCRM performs better with -1.33% YTD performance, and +$1.84B in YTD flows. Run a side-by-side ETF comparison of FTNY and VCRM 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 VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTNY VCRM | -0.93%-0.38% | -5.84%-3.26% | -4.86%-1.33% | n/a-0.75% | n/an/a | n/an/a |
| Flows | FTNY VCRM | +$4M+$677M | -$40M+$905M | -$21M+$1.84B | -+$2.06B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTNY VCRM | +6.61%+5.29% | n/a+3.35% | n/an/a | n/an/a |
| Max drawdown | FTNY VCRM | -8.05%-5.68% | n/a-6.33% | n/an/a | n/an/a |
| Max drawdown duration | FTNY VCRM | 92d92d | n/a102d | n/an/a | n/an/a |
Trading data
FTNY | VCRM | |
Last sale 10/19/2026 at 1:30 PM | $7.43 | $72.53 |
| Previous close 10/16/2026 | $7.43 | $72.58 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
FTNY | VCRM | |
|---|---|---|
| Last price | $7.43 | $72.53 |
| 1D performance | +0.00% | -0.07% |
| AuM | $574.67 M | $2.59 B |
| E/R | 0.37% | 0.12% |
Characteristics
FTNY | VCRM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Vanguard |
| Benchmark | - | - |
| N° of holdings | 96 | 938 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
FTNY
USA
51.81%
Other
48.19%
VCRM
USA
50.9%
Other
49.1%
Sectors
FTNY
Municipal
51.81%
Other
48.19%
VCRM
Municipal
50.9%
Other
49.1%
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Diversification
FTNY
Total weight of top 15 holdings out of 15
23.32%
VCRM
Total weight of top 15 holdings out of 15
7.11%
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%
VCRM
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.71%
US09182TEC71
0.61%
Kentucky Public Energy Authority, 4% 1aug2052, USD (2022)
0.53%
Jefferson Sales Tax District, 5% 1dec2042, USD (2017B)
0.52%
Los Angeles Metropolitan Transportation Authority, 5% 1jul2042, USD (2021-A)
0.48%
State of Hawaii, 4% 1may2036, USD
0.47%
US625517PJ02
0.46%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.45%
PEFA Inc., 5% 1apr2035, USD (2026A)
0.44%
Texas Department of Housing and Community Affairs, 6% 1jan2057, USD (2026B)
0.44%
Energy Southeast, 5% 1sep2033, USD (2025B)
0.42%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.41%
US235330AW70
0.40%
US57563WAC29
0.40%
Indiana Finance Authority, 5% 1oct2046, USD (2016A)
0.38%
Frequently asked questions about FTNY and VCRM
How have the FTNY and VCRM ETFs performed in 2026?
As of October 16, 2026, FTNY is down -4.86% year-to-date (YTD), while VCRM has lost -1.33%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: FTNY or VCRM?
Year-to-date, the FTNY ETF saw -$21M in flows, compared to +$1.84B for VCRM.
Which ETF is bigger: FTNY or VCRM?
As of October 16, 2026, FTNY holds $574.67 M in assets under management (AUM), while VCRM manages $2.59 B.
What sectors do the FTNY and VCRM ETFs invest in?
FTNY leans toward sectors like Municipal. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the FTNY ETF and VCRM 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. VCRM holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), US09182TEC71 and Kentucky Public Energy Authority, 4% 1aug2052, USD (2022).
Which ETF is more diversified: FTNY or VCRM?
FTNY holds 255 securities with 23.32% of its assets in the top 15. VCRM has 2385 securities and a top 15 weight of 7.11%.
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