FTPAvsMMITETF Comparison
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Franklin Pennsylvania Municipal Income ETF (FTPA) and NYLI MacKay Muni Intermediate ETF (MMIT) 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 0.48% for MMIT. FTPA is down -4.51% year-to-date (YTD) with +$48M in YTD flows. MMIT performs better with -1.6% YTD performance, and +$337M in YTD flows. Run a side-by-side ETF comparison of FTPA and MMIT 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 MMIT 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 MMIT | -1.10%-0.14% | -5.56%-2.89% | -4.51%-1.60% | n/a-0.87% | n/a+10.77% | n/a+3.05% |
| Flows | FTPA MMIT | +$14M+$127M | +$28M+$161M | +$48M+$337M | -+$462M | -+$1.13B | -+$1.43B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTPA MMIT | +6.17%+4.55% | n/a+2.83% | n/a+3.06% | n/a+3.08% |
| Max drawdown | FTPA MMIT | -7.63%-5.22% | n/a-5.97% | n/a-5.97% | n/a-11.87% |
| Max drawdown duration | FTPA MMIT | 92d92d | n/a229d | n/a229d | n/a997d |
Trading data
FTPA | MMIT | |
Last sale 10/19/2026 at 1:30 PM | $23.31 | |
| Previous close 10/16/2026 | $23.29 | |
| 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 | MMIT | |
|---|---|---|
| Last price | – | $23.31 |
| 1D performance | – | +0.09% |
| AuM | $122.78 M | $1.58 B |
| E/R | 0.35% | 0.48% |
Characteristics
FTPA | MMIT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 28 | 190 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 10, 2025 | October 18, 2017 |
| ESG | No | No |
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Exposure
Countries
FTPA
USA
29.86%
Other
70.14%
MMIT
USA
30.87%
Other
69.13%
Sectors
FTPA
Municipal
29.86%
Other
70.14%
MMIT
Municipal
30.87%
Other
69.13%
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Diversification
FTPA
Total weight of top 15 holdings out of 15
25.07%
MMIT
Total weight of top 15 holdings out of 15
10.47%
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%
MMIT
City of New York, 5.125% 15nov2011, USD
1.02%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.99%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
0.90%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.90%
Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026)
0.89%
US70879QQA49
0.86%
Black Belt Energy Gas District, 4% 1oct2052, USD
0.62%
US850578UC77
0.62%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.58%
Phoenix Industrial Development Authority, 5% 31oct2044, USD (2024)
0.56%
US09182TFT97
0.56%
US74440DFC39
0.53%
US56035DJJ28
0.51%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.47%
National Finance Authority, 4.25% 20jul2041, USD (2026-1, A-1)
0.46%
Frequently asked questions about FTPA and MMIT
How have the FTPA and MMIT ETFs performed in 2026?
As of October 16, 2026, FTPA is down -4.51% year-to-date (YTD), while MMIT has lost -1.6%. That puts MMIT better performer ahead so far this year.
Which ETF is attracting more investor money: FTPA or MMIT?
Year-to-date, the FTPA ETF saw +$48M in flows, compared to +$337M for MMIT.
Which ETF is bigger: FTPA or MMIT?
As of October 16, 2026, FTPA holds $122.78 M in assets under management (AUM), while MMIT manages $1.58 B.
What sectors do the FTPA and MMIT ETFs invest in?
FTPA leans toward sectors like Municipal. Meanwhile, MMIT focuses on Municipal.
What are the top holdings of the FTPA ETF and MMIT ETF?
FTPA top holdings include Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53. MMIT holds in its top three: City of New York, 5.125% 15nov2011, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A).
Which ETF is more diversified: FTPA or MMIT?
FTPA holds 111 securities with 25.07% of its assets in the top 15. MMIT has 865 securities and a top 15 weight of 10.47%.
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