FTPAvsMBNDETF Comparison
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Franklin Pennsylvania Municipal Income ETF (FTPA) and State Street SPDR Nuveen Municipal Bond ETF (MBND) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTPA is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.4% for MBND. FTPA is down -4.51% year-to-date (YTD) with +$48M in YTD flows. MBND performs better with -2.35% YTD performance, and -$1M in YTD flows. Run a side-by-side ETF comparison of FTPA and MBND 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 MBND 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 MBND | -1.10%-0.34% | -5.56%-3.04% | -4.51%-2.35% | n/a-1.74% | n/a+10.51% | n/a+0.07% |
| Flows | FTPA MBND | +$14M-$1M | +$28M-$1M | +$48M-$1M | --$3M | --$19M | --$16M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTPA MBND | +6.17%+4.80% | n/a+2.99% | n/a+3.66% | n/a+3.49% |
| Max drawdown | FTPA MBND | -7.63%-5.42% | n/a-6.30% | n/a-6.30% | n/a-13.12% |
| Max drawdown duration | FTPA MBND | 92d92d | n/a229d | n/a229d | n/a1363d |
Trading data
FTPA | MBND | |
Last sale 10/19/2026 at 1:30 PM | $26.00 | |
| Previous close 10/16/2026 | $26.00 | |
| 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 | MBND | |
|---|---|---|
| Last price | – | $26.00 |
| 1D performance | – | -0.02% |
| AuM | $122.78 M | $24.88 M |
| E/R | 0.35% | 0.4% |
Characteristics
FTPA | MBND | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | - |
| N° of holdings | 28 | 22 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | February 4, 2021 |
| ESG | No | No |
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Exposure
Countries
FTPA
USA
29.86%
Other
70.14%
MBND
USA
27.73%
Other
72.27%
Sectors
FTPA
Municipal
29.86%
Other
70.14%
MBND
Municipal
27.73%
Other
72.27%
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Diversification
FTPA
Total weight of top 15 holdings out of 15
25.07%
MBND
Total weight of top 15 holdings out of 15
36.73%
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%
MBND
US040664NJ98
2.94%
US91756SAR40
2.84%
New Mexico, 4% 1aug2039, USD (2017A)
2.74%
US64971PKD68
2.72%
US797661G828
2.58%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
2.51%
US896032AK58
2.45%
US649451KJ96
2.41%
US56035DGB29
2.39%
California Community Choice Financing Authority, 5% 1sep2032, USD (2024E)
2.34%
US346843PW94
2.30%
Georgia Municipal Electric Authority, 5% 1jan2048, USD (2019B)
2.25%
US679111E426
2.17%
US677561KM32
2.08%
US594712ZR50
2.01%
Frequently asked questions about FTPA and MBND
How have the FTPA and MBND ETFs performed in 2026?
As of October 16, 2026, FTPA is down -4.51% year-to-date (YTD), while MBND has lost -2.35%. That puts MBND better performer ahead so far this year.
Which ETF is attracting more investor money: FTPA or MBND?
Year-to-date, the FTPA ETF saw +$48M in flows, compared to -$1M for MBND.
Which ETF is bigger: FTPA or MBND?
As of October 16, 2026, FTPA holds $122.78 M in assets under management (AUM), while MBND manages $24.88 M.
What sectors do the FTPA and MBND ETFs invest in?
FTPA leans toward sectors like Municipal. Meanwhile, MBND focuses on Municipal.
What are the top holdings of the FTPA ETF and MBND ETF?
FTPA top holdings include Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53. MBND holds in its top three: US040664NJ98, US91756SAR40 and New Mexico, 4% 1aug2039, USD (2017A).
Which ETF is more diversified: FTPA or MBND?
FTPA holds 111 securities with 25.07% of its assets in the top 15. MBND has 72 securities and a top 15 weight of 36.73%.
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