FTPAvsBSMYETF Comparison
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Franklin Pennsylvania Municipal Income ETF (FTPA) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTPA is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.18% for BSMY. FTPA is down -4.51% year-to-date (YTD) with +$48M in YTD flows. BSMY performs better with -2.78% YTD performance, and +$70M in YTD flows. Run a side-by-side ETF comparison of FTPA and BSMY 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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FTPA vs BSMY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTPA BSMY | -1.10%-0.01% | -5.56%-3.82% | -4.51%-2.78% | n/a-2.01% | n/an/a | n/an/a |
| Flows | FTPA BSMY | +$14M+$16M | +$28M+$23M | +$48M+$70M | -+$89M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTPA BSMY | +6.17%+5.92% | n/a+3.78% | n/an/a | n/an/a |
| Max drawdown | FTPA BSMY | -7.63%-6.71% | n/a-7.85% | n/an/a | n/an/a |
| Max drawdown duration | FTPA BSMY | 92d92d | n/a229d | n/an/a | n/an/a |
Trading data
FTPA | BSMY | |
Last sale 10/19/2026 at 1:30 PM | $23.15 | |
| Previous close 10/16/2026 | $23.27 | |
| Consolidated volume 10/16/2026 | ||
| 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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FTPA
is actively managed and doesn’t replicate an indexFTPA | BSMY | |
|---|---|---|
| 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
FTPA | BSMY | |
|---|---|---|
| Last price | – | $23.15 |
| 1D performance | – | -0.51% |
| AuM | $122.78 M | $155.44 M |
| E/R | 0.35% | 0.18% |
Characteristics
FTPA | BSMY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Invesco |
| Benchmark | - | ICE BulletShares Municipal Bond 2034 Index |
| N° of holdings | 28 | 380 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | September 11, 2024 |
| ESG | No | No |
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Exposure
Countries
FTPA
USA
29.86%
Other
70.14%
BSMY
USA
29.17%
Other
70.83%
Sectors
FTPA
Municipal
29.86%
Other
70.14%
BSMY
Municipal
29.17%
Other
70.83%
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Diversification
FTPA
Total weight of top 15 holdings out of 15
25.07%
BSMY
Total weight of top 15 holdings out of 15
5.69%
Top 15 holdings
Data as of August 31, 2026
FTPA
Philadelphia, 5% 1aug2047, USD
2.61%
Allegheny Hospital Development Authority, 4% 1apr2044, USD
1.89%
US842039FR53
1.89%
US709221SB22
1.81%
US709225QR06
1.72%
US230822TW83
1.63%
Pennsylvania Economic Development Financing Authority, 5% 15feb2039, USD (2022A)
1.62%
North Penn School District, 5% 1mar2051, USD (2026)
1.62%
Pennsylvania Economic Development Financing Authority, 5.25% 15dec2051, USD (2026)
1.61%
US52480RGN44
1.61%
US087470BX73
1.58%
Lackawanna Industrial Development Authority, 4% 1nov2040, USD
1.41%
US717868HY29
1.38%
US458436YP15
1.36%
US708692AH10
1.34%
BSMY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.61%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.52%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.50%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
0.44%
Massachusetts, 5% 1jan2054, USD (2024)
0.44%
Triborough Bridge and Tunnel Authority, 3% 15nov2034, USD
0.40%
University of Missouri System Facilities, 5% 1nov2034, USD (2024)
0.40%
South Carolina Public Service Authority, 5.25% 1dec2054, USD (2024)
0.35%
US64972JGW27
0.31%
US89602HHH30
0.30%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.29%
US59260XCG16
0.28%
US65000B8S01
0.28%
US97705MJ897
0.28%
US57584Y7K96
0.27%
Frequently asked questions about FTPA and BSMY
How have the FTPA and BSMY ETFs performed in 2026?
As of October 16, 2026, FTPA is down -4.51% year-to-date (YTD), while BSMY has lost -2.78%. That puts BSMY better performer ahead so far this year.
Which ETF is attracting more investor money: FTPA or BSMY?
Year-to-date, the FTPA ETF saw +$48M in flows, compared to +$70M for BSMY.
Which ETF is bigger: FTPA or BSMY?
As of October 16, 2026, FTPA holds $122.78 M in assets under management (AUM), while BSMY manages $155.44 M.
What sectors do the FTPA and BSMY ETFs invest in?
FTPA leans toward sectors like Municipal. Meanwhile, BSMY focuses on Municipal.
What are the top holdings of the FTPA ETF and BSMY ETF?
FTPA top holdings include Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53. BSMY holds in its top three: New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1) and Los Angeles Unified School District, 5% 1jul2034, USD (2024A).
Which ETF is more diversified: FTPA or BSMY?
FTPA holds 111 securities with 25.07% of its assets in the top 15. BSMY has 1972 securities and a top 15 weight of 5.69%.
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