MMSDvsFTMHETF Comparison
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NYLI MacKay Muni Short Duration ETF (MMSD) and Franklin Municipal High Yield ETF (FTMH) belong to the same industry segment: Municipal Bonds. MMSD's top 3 sector exposures are Municipal, Healthcare and Industrials. In contrast, FTMH's top sector exposures are Municipal. MMSD is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.35% for FTMH. MMSD is up 1.46% year-to-date (YTD) with +$27M in YTD flows. FTMH performs worse with -1.4% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of MMSD and FTMH 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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MMSD vs FTMH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMSD FTMH | +0.21%-1.42% | +0.32%-3.09% | +1.46%-1.40% | +2.78%n/a | n/an/a | n/an/a |
| Flows | MMSD FTMH | +$5M+$13M | +$15M+$9M | +$27M+$41M | +$56M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMSD FTMH | +1.07%+4.15% | +1.11%n/a | n/an/a | n/an/a |
| Max drawdown | MMSD FTMH | -0.61%-4.41% | -1.25%n/a | n/an/a | n/an/a |
| Max drawdown duration | MMSD FTMH | 36d63d | 114dn/a | n/an/a | n/an/a |
Trading data
MMSD | FTMH | |
Last sale 9/2/2026 at 1:30 PM | $25.18 | $11.35 |
| Previous close 09/01/2026 | $25.18 | $11.38 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
MMSD | FTMH | |
|---|---|---|
| Last price | $25.18 | $11.35 |
| 1D performance | +0.00% | -0.22% |
| AuM | $83.02 M | $567.94 M |
| E/R | 0.44% | 0.35% |
Characteristics
MMSD | FTMH | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 41 | 96 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 5, 2025 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
MMSD
USA
24.97%
Other
75.03%
FTMH
USA
26.88%
Other
73.12%
Sectors
MMSD
Municipal
22.59%
Other
77.41%
FTMH
Municipal
26.88%
Other
73.12%
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Diversification
MMSD
Total weight of top 15 holdings out of 15
19.67%
FTMH
Total weight of top 15 holdings out of 15
13.99%
Top 15 holdings
Data as of July 31, 2026
MMSD
US708692BV94
1.85%
US72342NAF24
1.51%
US118217CN67
1.32%
US84136HCT86
1.31%
US19648FJ393
1.29%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
1.29%
Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)
1.28%
US63609YAA64
1.24%
New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)
1.24%
US360059AL37
1.23%
US59447UBB52
1.23%
US04785VCD47
1.23%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
1.23%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.22%
US87972MCC47
1.22%
FTMH
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
1.65%
CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2)
1.29%
US389526AJ35
1.00%
Puerto Rico, 4% 1jul2041, USD
0.99%
US57420VSP93
0.97%
Illinois Finance Authority, 5% 15feb2047, USD (2017A)
0.96%
Detroit, 4% 1apr2044, USD
0.89%
US650116GY64
0.84%
Chicago Board of Education, 5.75% 1dec2050, USD (2025A)
0.84%
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
0.81%
New York Transportation Development Corp., 4% 1jan2036, USD (2018)
0.80%
US51404PAK57
0.77%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
0.74%
US88035RDN17
0.73%
US88035UPA96
0.72%
Frequently asked questions about MMSD and FTMH
How have the MMSD and FTMH ETFs performed in 2026?
As of September 1, 2026, MMSD is up 1.46% year-to-date (YTD), while FTMH has lost -1.4%. That puts MMSD better performer ahead so far this year.
Which ETF is attracting more investor money: MMSD or FTMH?
Year-to-date, the MMSD ETF saw +$27M in flows, compared to +$41M for FTMH.
Which ETF is bigger: MMSD or FTMH?
As of September 1, 2026, MMSD holds $83.02 M in assets under management (AUM), while FTMH manages $567.94 M.
What sectors do the MMSD and FTMH ETFs invest in?
MMSD leans toward sectors like Municipal. Meanwhile, FTMH focuses on Municipal.
What are the top holdings of the MMSD ETF and FTMH ETF?
MMSD top holdings include US708692BV94, US72342NAF24 and US118217CN67. FTMH holds in its top three: New York Transportation Development Corp., 6% 30jun2055, USD (2025), CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2) and US389526AJ35.
Which ETF is more diversified: MMSD or FTMH?
MMSD holds 155 securities with 19.67% of its assets in the top 15. FTMH has 495 securities and a top 15 weight of 13.99%.
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