FTPAvsFTMAETF Comparison
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Franklin Pennsylvania Municipal Income ETF (FTPA) and Franklin Massachusetts Municipal Income ETF (FTMA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both FTPA and FTMA have the same Total Expense Ratio (TER) of 0.35%. FTPA is down -4.51% year-to-date (YTD) with +$48M in YTD flows. FTMA performs better with -3.7% YTD performance, and +$48M in YTD flows. Run a side-by-side ETF comparison of FTPA and FTMA 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 FTMA 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 FTMA | -1.10%-0.73% | -5.56%-4.57% | -4.51%-3.70% | n/an/a | n/an/a | n/an/a |
| Flows | FTPA FTMA | +$14M-$13M | +$28M-$6M | +$48M+$48M | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTPA FTMA | +6.17%+5.55% | n/an/a | n/an/a | n/an/a |
| Max drawdown | FTPA FTMA | -7.63%-6.59% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | FTPA FTMA | 92d92d | n/an/a | n/an/a | n/an/a |
Trading data
FTPA | FTMA | |
Last sale 10/19/2026 at 1:30 PM | $8.60 | |
| Previous close 10/16/2026 | $8.63 | |
| 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 | FTMA | |
|---|---|---|
| Last price | – | $8.60 |
| 1D performance | – | -0.35% |
| AuM | $122.78 M | $276.09 M |
| E/R | 0.35% | 0.35% |
Characteristics
FTPA | FTMA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 28 | 45 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
FTPA
USA
29.86%
Other
70.14%
FTMA
USA
31.27%
Other
68.73%
Sectors
FTPA
Municipal
29.86%
Other
70.14%
FTMA
Municipal
31.27%
Other
68.73%
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Diversification
FTPA
Total weight of top 15 holdings out of 15
25.07%
FTMA
Total weight of top 15 holdings out of 15
23.94%
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%
FTMA
US57604TMC70
2.16%
Massachusetts Development Finance Agency, 5.75% 1jan2042, USD
2.08%
US57582TDX72
1.90%
US5755793L99
1.88%
Massachusetts, 5% 1jan2054, USD (2024)
1.88%
US575579B979
1.66%
Massachusetts Development Finance Agency, 4% 1oct2045, USD
1.58%
Massachusetts Development Finance Agency, 5.5% 15aug2050, USD (2025A)
1.53%
Massachusetts, 5% 1jun2050, USD (2022)
1.47%
US57586N6R72
1.45%
US661802WH79
1.39%
US111746KV47
1.26%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.26%
US57585BEY02
1.24%
US57584Y5N53
1.19%
Frequently asked questions about FTPA and FTMA
How have the FTPA and FTMA ETFs performed in 2026?
As of October 16, 2026, FTPA is down -4.51% year-to-date (YTD), while FTMA has lost -3.7%. That puts FTMA better performer ahead so far this year.
Which ETF is attracting more investor money: FTPA or FTMA?
Year-to-date, the FTPA ETF saw +$48M in flows, compared to +$48M for FTMA.
Which ETF is bigger: FTPA or FTMA?
As of October 16, 2026, FTPA holds $122.78 M in assets under management (AUM), while FTMA manages $276.09 M.
What sectors do the FTPA and FTMA ETFs invest in?
FTPA leans toward sectors like Municipal. Meanwhile, FTMA focuses on Municipal.
What are the top holdings of the FTPA ETF and FTMA ETF?
FTPA top holdings include Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53. FTMA holds in its top three: US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72.
Which ETF is more diversified: FTPA or FTMA?
FTPA holds 111 securities with 25.07% of its assets in the top 15. FTMA has 182 securities and a top 15 weight of 23.94%.
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