FTPAvsMBBETF Comparison
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Franklin Pennsylvania Municipal Income ETF (FTPA) belongs to the Municipal Bonds segment. iShares MBS ETF (MBB) is part of the MBS & ABS segment. FTPA's top 1 sector exposures are Municipal. In contrast, MBB's top sector exposures are Industrials, Non-Corporate and Finance. FTPA is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.04% for MBB. FTPA is down -4.51% year-to-date (YTD) with +$48M in YTD flows. MBB performs better with -1.78% YTD performance, and -$1.79B in YTD flows. Run a side-by-side ETF comparison of FTPA and MBB 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 MBB 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 MBB | -1.10%-0.25% | -5.56%-2.30% | -4.51%-1.78% | n/a-1.43% | n/a+17.04% | n/a-0.38% |
| Flows | FTPA MBB | +$14M-$3.31B | +$28M-$2.66B | +$48M-$1.79B | --$5.06B | -+$8.97B | -+$13.89B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTPA MBB | +6.17%+5.70% | n/a+4.61% | n/a+5.73% | n/a+6.66% |
| Max drawdown | FTPA MBB | -7.63%-4.27% | n/a-5.38% | n/a-5.38% | n/a-16.94% |
| Max drawdown duration | FTPA MBB | 92d52d | n/a229d | n/a229d | n/a1405d |
Trading data
FTPA | MBB | |
Last sale 10/19/2026 at 1:30 PM | $90.22 | |
| Previous close 10/16/2026 | $90.52 | |
| 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 September 30, 2026
1-year trailing difference
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FTPA
is actively managed and doesn’t replicate an indexFTPA | MBB | |
|---|---|---|
| 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 | MBB | |
|---|---|---|
| Last price | – | $90.22 |
| 1D performance | – | -0.33% |
| AuM | $122.78 M | $35.27 B |
| E/R | 0.35% | 0.04% |
Characteristics
FTPA | MBB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | iShares |
| Benchmark | - | Bloomberg U.S. MBS Index |
| N° of holdings | 28 | 1237 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | March 13, 2007 |
| ESG | No | No |
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Exposure
Countries
FTPA
USA
29.86%
Other
70.14%
MBB
USA
28.44%
Other
71.56%
Sectors
FTPA
Municipal
29.86%
Other
70.14%
MBB
Industrials
20.61%
Non-Corporate
7.6%
Other
71.79%
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Diversification
FTPA
Total weight of top 15 holdings out of 15
25.07%
MBB
Total weight of top 15 holdings out of 15
16.82%
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%
MBB
BlackRock Cash Funds - Institutional
7.60%
US01F0526982
1.26%
US21H0526945
1.05%
FR SD8146, 2% 1may2051, USD (ABS)
0.98%
US01F0506927
0.87%
US21H0606978
0.63%
G2 MB0025, 5% 20nov2054, USD (ABS)
0.55%
US21H0506988
0.55%
G2 MA7648, 2% 20oct2051, USD (ABS)
0.51%
US36179WTX64
0.50%
FN MA4492, 2% 1dec2051, USD (ABS)
0.49%
US36179WJR07
0.48%
US21H0426955
0.48%
FR SD8140, 2% 1apr2051, USD (ABS)
0.47%
FN MA4465, 2% 1nov2051, USD (ABS)
0.42%
Frequently asked questions about FTPA and MBB
How have the FTPA and MBB ETFs performed in 2026?
As of October 16, 2026, FTPA is down -4.51% year-to-date (YTD), while MBB has lost -1.78%. That puts MBB better performer ahead so far this year.
Which ETF is attracting more investor money: FTPA or MBB?
Year-to-date, the FTPA ETF saw +$48M in flows, compared to -$1.79B for MBB.
Which ETF is bigger: FTPA or MBB?
As of October 16, 2026, FTPA holds $122.78 M in assets under management (AUM), while MBB manages $35.27 B.
What sectors do the FTPA and MBB ETFs invest in?
FTPA leans toward sectors like Municipal. Meanwhile, MBB focuses on Industrials and Non-Corporate.
What are the top holdings of the FTPA ETF and MBB ETF?
FTPA top holdings include Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53. MBB holds in its top three: BlackRock Cash Funds - Institutional, US01F0526982 and US21H0526945.
Which ETF is more diversified: FTPA or MBB?
FTPA holds 111 securities with 25.07% of its assets in the top 15. MBB has 9405 securities and a top 15 weight of 16.82%.
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Latest news about FTPA & MBB
The Weekly ETF Market Monitor (September 28-October 2, 2026)
October 2, 2026
MBB
NYSE x ETF Central ETF Education Series
March 5, 2024
MBB
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