IROCvsFTNJETF Comparison
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Invesco Rochester High Yield Municipal ETF (IROC) belongs to the US Aggregate Bonds segment. Franklin New Jersey Municipal Income ETF (FTNJ) 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 0.35% for FTNJ. IROC is down -2.14% year-to-date (YTD) with +$98M in YTD flows. FTNJ performs worse with -2.82% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of IROC and FTNJ 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 FTNJ 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 FTNJ | +0.66%+1.08% | -2.26%-2.29% | -2.14%-2.82% | -1.60%n/a | +14.22%n/a | n/an/a |
| Flows | IROC FTNJ | +$34M+$15M | +$71M+$23M | +$98M+$52M | +$138M- | +$173M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IROC FTNJ | +5.73%+5.66% | +3.60%n/a | +3.52%n/a | n/an/a |
| Max drawdown | IROC FTNJ | -6.05%-6.15% | -7.11%n/a | -7.11%n/a | n/an/a |
| Max drawdown duration | IROC FTNJ | 71d71d | 109dn/a | 109dn/a | n/an/a |
Trading data
IROC | FTNJ | |
Last sale 10/23/2026 at 1:30 PM | $48.70 | $8.46 |
| Previous close 10/22/2026 | $48.66 | $8.44 |
| Consolidated volume 10/22/2026 | ||
| 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 1:30 PM
Live
Closed
IROC | FTNJ | |
|---|---|---|
| Last price | $48.70 | $8.46 |
| 1D performance | +0.08% | +0.24% |
| AuM | $198.29 M | $187.49 M |
| E/R | 0.4% | 0.35% |
Characteristics
IROC | FTNJ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 71 | 52 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2022 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
IROC
USA
40.88%
Other
59.12%
FTNJ
USA
42.38%
Other
57.62%
Sectors
IROC
Municipal
40.88%
Other
59.12%
FTNJ
Municipal
42.38%
Other
57.62%
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Diversification
IROC
Total weight of top 15 holdings out of 15
18.23%
FTNJ
Total weight of top 15 holdings out of 15
27.02%
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%
Gulf Coast Industrial Development Authority, FRN 1nov2041, USD (2012)
1.24%
US686507NQ33
1.24%
US677561LA84
1.24%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.24%
Mississippi Business Finance Corp., FRN 1nov2035, USD (2010I)
1.24%
US63608TBR05
1.09%
Texas, 5% 1aug2041, USD
1.07%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.05%
FTNJ
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024)
3.18%
New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994)
3.07%
US443730PU48
2.00%
US645790UQ77
1.99%
US646067FW31
1.98%
US37970PLW04
1.85%
US246343PA97
1.68%
Bastrop Independent School District, 5% 15feb2053, USD (2023)
1.59%
New Jersey Educational Facilities Authority, 5% 1jul2051, USD (2026)
1.58%
US838536MR84
1.58%
New Jersey Educational Facilities Authority, 4% 1jul2050, USD
1.56%
New York and New Jersey Port Authority, 5% 1nov2044, USD
1.27%
New Jersey Economic Development Authority, 5% 1oct2047, USD (2017)
1.24%
US645790CA28
1.23%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2041, USD
1.22%
Frequently asked questions about IROC and FTNJ
How have the IROC and FTNJ ETFs performed in 2026?
As of October 23, 2026, IROC is down -2.14% year-to-date (YTD), while FTNJ has lost -2.82%. That puts IROC better performer ahead so far this year.
Which ETF is attracting more investor money: IROC or FTNJ?
Year-to-date, the IROC ETF saw +$98M in flows, compared to +$52M for FTNJ.
Which ETF is bigger: IROC or FTNJ?
As of October 23, 2026, IROC holds $198.29 M in assets under management (AUM), while FTNJ manages $187.49 M.
What sectors do the IROC and FTNJ ETFs invest in?
IROC leans toward sectors like Municipal. Meanwhile, FTNJ focuses on Municipal.
What are the top holdings of the IROC ETF and FTNJ ETF?
IROC top holdings include Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A), Kentucky Public Energy Authority, 5% 1dec2033, USD (2025) and US13013JGF75. FTNJ holds in its top three: New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024), New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994) and US443730PU48.
Which ETF is more diversified: IROC or FTNJ?
IROC holds 174 securities with 18.23% of its assets in the top 15. FTNJ has 157 securities and a top 15 weight of 27.02%.
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