IROCvsFTMUETF Comparison
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Invesco Rochester High Yield Municipal ETF (IROC) belongs to the US Aggregate Bonds segment. Franklin Municipal Income ETF (FTMU) is part of the Municipal Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. IROC is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.3% for FTMU. IROC is down -2.14% year-to-date (YTD) with +$98M in YTD flows. FTMU performs worse with -3.36% YTD performance, and +$35M in YTD flows. Run a side-by-side ETF comparison of IROC and FTMU 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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IROC vs FTMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IROC FTMU | +0.66%+0.83% | -2.26%-3.09% | -2.14%-3.36% | -1.60%-3.55% | +14.22%n/a | n/an/a |
| Flows | IROC FTMU | +$34M+$41M | +$71M+$38M | +$98M+$35M | +$138M+$509M | +$173M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IROC FTMU | +5.73%+6.46% | +3.60%+4.17% | +3.52%n/a | n/an/a |
| Max drawdown | IROC FTMU | -6.05%-7.07% | -7.11%-9.03% | -7.11%n/a | n/an/a |
| Max drawdown duration | IROC FTMU | 71d87d | 109d236d | 109dn/a | n/an/a |
Trading data
IROC | FTMU | |
Last sale 10/23/2026 at 7:53 PM | $48.68 | $7.52 |
| Previous close 10/23/2026 | $48.66 | $7.52 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 7:53 PM
Live
Closed
IROC | FTMU | |
|---|---|---|
| Last price | $48.68 | $7.52 |
| 1D performance | +0.04% | -0.07% |
| AuM | $198.29 M | $488.86 M |
| E/R | 0.4% | 0.3% |
Characteristics
IROC | FTMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 71 | 80 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2022 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
IROC
USA
40.88%
Other
59.12%
FTMU
USA
39.82%
Other
60.18%
Sectors
IROC
Municipal
40.88%
Other
59.12%
FTMU
Municipal
39.82%
Other
60.18%
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Diversification
IROC
Total weight of top 15 holdings out of 15
18.23%
FTMU
Total weight of top 15 holdings out of 15
19.19%
Top 15 holdings
Data as of August 31, 2026
IROC
Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A)
1.28%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.28%
US13013JGF75
1.25%
US37353PWV74
1.25%
US812643H643
1.24%
US121342PQ61
1.24%
City of New York, FRN 1dec2047, USD
1.24%
US686507NQ33
1.24%
Mississippi Business Finance Corp., FRN 1nov2035, USD (2010I)
1.24%
Gulf Coast Industrial Development Authority, FRN 1nov2041, USD (2012)
1.24%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.24%
US677561LA84
1.24%
US63608TBR05
1.09%
Texas, 5% 1aug2041, USD
1.07%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.05%
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.35%
US969878AB36
1.49%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.41%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.32%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.29%
US31350ACS50
1.25%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.17%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.16%
US25476FA408
1.15%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.15%
US97712D8M13
1.12%
US709224DV89
1.12%
US240471PF32
1.11%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.10%
US6446147E39
1.01%
Frequently asked questions about IROC and FTMU
How have the IROC and FTMU ETFs performed in 2026?
As of October 23, 2026, IROC is down -2.14% year-to-date (YTD), while FTMU has lost -3.36%. That puts IROC better performer ahead so far this year.
Which ETF is attracting more investor money: IROC or FTMU?
Year-to-date, the IROC ETF saw +$98M in flows, compared to +$35M for FTMU.
Which ETF is more volatile: IROC or FTMU?
Over the past year, IROC had a volatility of 3.6%, while FTMU experienced 4.17%.
Which ETF is bigger: IROC or FTMU?
As of October 23, 2026, IROC holds $198.29 M in assets under management (AUM), while FTMU manages $488.86 M.
What sectors do the IROC and FTMU ETFs invest in?
IROC leans toward sectors like Municipal. Meanwhile, FTMU focuses on Municipal.
What are the top holdings of the IROC ETF and FTMU ETF?
IROC top holdings include Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A), Kentucky Public Energy Authority, 5% 1dec2033, USD (2025) and US13013JGF75. FTMU holds in its top three: New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D).
Which ETF is more diversified: IROC or FTMU?
IROC holds 174 securities with 18.23% of its assets in the top 15. FTMU has 260 securities and a top 15 weight of 19.19%.
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