FTPAvsCGSMETF Comparison
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Franklin Pennsylvania Municipal Income ETF (FTPA) and Capital Group Short Duration Municipal Income ETF (CGSM) 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 0.25% for CGSM. FTPA is down -4.51% year-to-date (YTD) with +$48M in YTD flows. CGSM performs better with 0.64% YTD performance, and +$723M in YTD flows. Run a side-by-side ETF comparison of FTPA and CGSM 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 CGSM 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 CGSM | -1.10%-0.02% | -5.56%-0.75% | -4.51%+0.64% | n/a+1.21% | n/a+13.41% | n/an/a |
| Flows | FTPA CGSM | +$14M+$68M | +$28M+$128M | +$48M+$723M | -+$808M | -+$1.63B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTPA CGSM | +6.17%+2.20% | n/a+1.67% | n/a+1.95% | n/an/a |
| Max drawdown | FTPA CGSM | -7.63%-2.33% | n/a-2.33% | n/a-2.33% | n/an/a |
| Max drawdown duration | FTPA CGSM | 92d52d | n/a52d | n/a52d | n/an/a |
Trading data
FTPA | CGSM | |
Last sale 10/19/2026 at 1:30 PM | $25.97 | |
| Previous close 10/16/2026 | $25.98 | |
| 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
FTPA | CGSM | |
|---|---|---|
| Last price | – | $25.97 |
| 1D performance | – | -0.04% |
| AuM | $122.78 M | $1.65 B |
| E/R | 0.35% | 0.25% |
Characteristics
FTPA | CGSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Capital Group |
| Benchmark | - | - |
| N° of holdings | 28 | 235 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | September 26, 2023 |
| ESG | No | No |
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Exposure
Countries
FTPA
USA
29.86%
Other
70.14%
CGSM
USA
30.46%
Other
69.54%
Sectors
FTPA
Municipal
29.86%
Other
70.14%
CGSM
Municipal
30.46%
Other
69.54%
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Diversification
FTPA
Total weight of top 15 holdings out of 15
25.07%
CGSM
Total weight of top 15 holdings out of 15
11.02%
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%
CGSM
US650028E821
1.12%
US574193XS28
1.02%
US34153QZG45
1.01%
US83703FLR19
0.99%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.83%
US373385QZ98
0.66%
PEFA Inc., 5% 1sep2049, USD (2019)
0.63%
US57421CLT98
0.63%
Puerto Rico, FRN 1nov2043, USD
0.62%
Virginia College Building Authority, 5% 1feb2032, USD
0.62%
US48542TBS87
0.61%
US74440DFN93
0.59%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.58%
US254773BN34
0.57%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.54%
Frequently asked questions about FTPA and CGSM
How have the FTPA and CGSM ETFs performed in 2026?
As of October 16, 2026, FTPA is down -4.51% year-to-date (YTD), while CGSM has returned 0.64%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: FTPA or CGSM?
Year-to-date, the FTPA ETF saw +$48M in flows, compared to +$723M for CGSM.
Which ETF is bigger: FTPA or CGSM?
As of October 16, 2026, FTPA holds $122.78 M in assets under management (AUM), while CGSM manages $1.65 B.
What sectors do the FTPA and CGSM ETFs invest in?
FTPA leans toward sectors like Municipal. Meanwhile, CGSM focuses on Municipal.
What are the top holdings of the FTPA ETF and CGSM ETF?
FTPA top holdings include Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53. CGSM holds in its top three: US650028E821, US574193XS28 and US34153QZG45.
Which ETF is more diversified: FTPA or CGSM?
FTPA holds 111 securities with 25.07% of its assets in the top 15. CGSM has 1032 securities and a top 15 weight of 11.02%.
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Latest news about FTPA & CGSM
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGSM
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