IROCvsFTMUETF Comparison
VS
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 -0.76% year-to-date (YTD) with +$56M in YTD flows. FTMU performs worse with -1.72% YTD performance, and -$2M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IROC vs FTMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IROC FTMU | -1.59%-1.83% | -1.88%-3.12% | -0.76%-1.72% | +1.64%n/a | +11.99%n/a | n/an/a |
| Flows | IROC FTMU | +$10M-$10K | +$38M-$11M | +$56M-$2M | +$131M- | +$131M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IROC FTMU | +2.84%+3.52% | +2.47%n/a | +3.30%n/a | n/an/a |
| Max drawdown | IROC FTMU | -2.92%-3.93% | -2.92%n/a | -4.12%n/a | n/an/a |
| Max drawdown duration | IROC FTMU | 64d70d | 64dn/a | 188dn/a | n/an/a |
Trading data
IROC | FTMU | |
Last sale 9/9/2026 at 1:30 PM | $49.51 | $7.58 |
| Previous close 09/08/2026 | $49.64 | $7.63 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
IROC | FTMU | |
|---|---|---|
| Last price | $49.51 | $7.58 |
| 1D performance | -0.26% | -0.68% |
| AuM | $159.02 M | $458.19 M |
| E/R | 0.4% | 0.3% |
Characteristics
IROC | FTMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 64 | 80 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2022 | October 24, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
IROC
USA
40.34%
Other
59.66%
FTMU
USA
39.78%
Other
60.22%
Sectors
IROC
Municipal
40.34%
Other
59.66%
FTMU
Municipal
39.78%
Other
60.22%
Advertisement
Diversification
IROC
Total weight of top 15 holdings out of 15
18.68%
FTMU
Total weight of top 15 holdings out of 15
19.34%
Top 15 holdings
Data as of July 31, 2026
IROC
US121342PQ61
1.53%
US647370EK77
1.53%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.53%
US20775DTU62
1.53%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
1.19%
US20775DU831
1.16%
US83704HAM97
1.16%
Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A)
1.16%
Lake Retirement Facility, 5.75% 15aug2055, USD (2020A)
1.15%
US63608TBQ22
1.15%
Bucks Industrial Development Authority, 5% 1jul2054, USD (2021)
1.13%
Massachusetts Development Finance Agency, 5.375% 1jul2061, USD (2026A)
1.12%
US13059TFH77
1.11%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.11%
US928097AA20
1.11%
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.33%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.64%
US969878AB36
1.46%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.39%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.29%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.26%
US31350ACS50
1.22%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.15%
US25476FA408
1.14%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.13%
US97712D8M13
1.10%
US709224DV89
1.09%
US240471PF32
1.08%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.08%
US6446147E39
0.99%
Frequently asked questions about IROC and FTMU
How have the IROC and FTMU ETFs performed in 2026?
As of September 8, 2026, IROC is down -0.76% year-to-date (YTD), while FTMU has lost -1.72%. 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 +$56M in flows, compared to -$2M for FTMU.
Which ETF is bigger: IROC or FTMU?
As of September 8, 2026, IROC holds $159.02 M in assets under management (AUM), while FTMU manages $458.19 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 US121342PQ61, US647370EK77 and Washington Suburban Sanitary District, FRN 1jun2027, USD. FTMU holds in its top three: New York Urban Development Corp., 5% 15mar2044, USD (2023A), New York Thruway Authority, 5% 15mar2054, USD (2022C) and US969878AB36.
Which ETF is more diversified: IROC or FTMU?
IROC holds 155 securities with 18.68% of its assets in the top 15. FTMU has 259 securities and a top 15 weight of 19.34%.
Advertisement
Advertisement
