HTAXvsFTNYETF Comparison
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Nomura National High-Yield Municipal Bond ETF (HTAX) and Franklin New York Municipal Income ETF (FTNY) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. HTAX is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.37% for FTNY. HTAX is down -0.67% year-to-date (YTD) with +$64M in YTD flows. FTNY performs worse with -3.33% YTD performance, and -$18M in YTD flows. Run a side-by-side ETF comparison of HTAX and FTNY 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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HTAX vs FTNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HTAX FTNY | +3.76%+4.05% | -3.09%-3.37% | -0.67%-3.33% | -0.78%-3.64% | n/an/a | n/an/a |
| Flows | HTAX FTNY | +$34M+$8M | +$37M+$10M | +$64M-$18M | +$66M-$34M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HTAX FTNY | +6.88%+6.75% | +4.51%+4.33% | n/an/a | n/an/a |
| Max drawdown | HTAX FTNY | -7.01%-7.24% | -8.03%-9.22% | n/an/a | n/an/a |
| Max drawdown duration | HTAX FTNY | 77d77d | 115d242d | n/an/a | n/an/a |
Trading data
HTAX | FTNY | |
Last sale 10/29/2026 at 1:30 PM | $23.55 | $7.54 |
| Previous close 10/29/2026 | $23.49 | $7.54 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
HTAX | FTNY | |
|---|---|---|
| Last price | $23.55 | $7.54 |
| 1D performance | +0.23% | +0.00% |
| AuM | $94.59 M | $587.35 M |
| E/R | 0.49% | 0.37% |
Characteristics
HTAX | FTNY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 101 | 96 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 5, 2025 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
HTAX
USA
51.54%
Other
48.46%
FTNY
USA
51.81%
Other
48.19%
Sectors
HTAX
Municipal
51.54%
Other
48.46%
FTNY
Municipal
51.81%
Other
48.19%
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Diversification
HTAX
Total weight of top 15 holdings out of 15
16.28%
FTNY
Total weight of top 15 holdings out of 15
23.32%
Top 15 holdings
Data as of August 31, 2026
HTAX
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
1.71%
US04052EAC21
1.55%
Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018)
1.29%
Puerto Rico, FRN 1nov2043, USD
1.21%
Louisiana Public Facilities Authority, 5% 1sep2066, USD (2024)
1.17%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
1.16%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
1.11%
US63607YEY23
0.95%
Wisconsin Public Finance Authority, 6.5% 31dec2065, USD (2025)
0.92%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.90%
San Diego Regional Airport Authority, 5.5% 1jul2055, USD (2025A)
0.87%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.87%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2053, USD (2023B)
0.86%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.86%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.85%
FTNY
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
3.24%
New York Liberty Development Corp., 5% 15nov2044, USD
2.44%
New York Transitional Finance Authority, 5.5% 1nov2045, USD
1.87%
US64985TEM99
1.83%
Long Island Power Authority, 5% 1sep2049, USD (2024A)
1.81%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
1.80%
New York Dormitory Authority, 4% 1may2045, USD (2022A)
1.59%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2025)
1.35%
New York Dormitory Authority, 5.5% 1jul2040, USD (2001(1)
1.16%
Build NYC Resource Corp., 5.25% 1jul2062, USD (2022)
1.08%
City of New York, 5.25% 1mar2053, USD (2024)
1.05%
New York Liberty Development Corp., 2.75% 15feb2044, USD
1.05%
US62947YAC57
1.04%
US650116GY64
1.02%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.99%
Frequently asked questions about HTAX and FTNY
How have the HTAX and FTNY ETFs performed in 2026?
As of October 29, 2026, HTAX is down -0.67% year-to-date (YTD), while FTNY has lost -3.33%. That puts HTAX better performer ahead so far this year.
Which ETF is attracting more investor money: HTAX or FTNY?
Year-to-date, the HTAX ETF saw +$64M in flows, compared to -$18M for FTNY.
Which ETF is more volatile: HTAX or FTNY?
Over the past year, HTAX had a volatility of 4.51%, while FTNY experienced 4.33%.
Which ETF is bigger: HTAX or FTNY?
As of October 29, 2026, HTAX holds $94.59 M in assets under management (AUM), while FTNY manages $587.35 M.
What sectors do the HTAX and FTNY ETFs invest in?
HTAX leans toward sectors like Municipal. Meanwhile, FTNY focuses on Municipal.
What are the top holdings of the HTAX ETF and FTNY ETF?
HTAX top holdings include Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, US04052EAC21 and Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018). FTNY holds in its top three: New York Liberty Development Corp., 3% 15sep2043, USD (2015B), New York Liberty Development Corp., 5% 15nov2044, USD and New York Transitional Finance Authority, 5.5% 1nov2045, USD.
Which ETF is more diversified: HTAX or FTNY?
HTAX holds 222 securities with 16.28% of its assets in the top 15. FTNY has 255 securities and a top 15 weight of 23.32%.
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Latest news about HTAX & FTNY
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