MUSTvsFTNJETF Comparison
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Columbia Multi-Sector Municipal Income ETF (MUST) and Franklin New Jersey Municipal Income ETF (FTNJ) belong to the same industry segment: Municipal Bonds. MUST's top 2 sector exposures are Municipal and Non-Corporate. In contrast, FTNJ's top sector exposures are Municipal. MUST is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.35% for FTNJ. MUST is down -4.06% year-to-date (YTD) with +$17M in YTD flows. FTNJ performs worse with -4.54% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of MUST 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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MUST vs FTNJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUST FTNJ | -1.81%-1.78% | -5.43%-5.45% | -4.06%-4.54% | -3.06%n/a | +8.85%n/a | -1.47%n/a |
| Flows | MUST FTNJ | -$55M+$14M | -$53M+$17M | +$17M+$52M | +$56M- | +$178M- | +$419M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUST FTNJ | +5.28%+5.25% | +3.35%n/a | +4.27%n/a | +4.00%n/a |
| Max drawdown | MUST FTNJ | -7.26%-6.90% | -8.13%n/a | -8.13%n/a | -13.14%n/a |
| Max drawdown duration | MUST FTNJ | 92d92d | 227dn/a | 227dn/a | 1351dn/a |
Trading data
MUST | FTNJ | |
Last sale 10/15/2026 at 1:32 PM | $19.48 | $8.38 |
| Previous close 10/14/2026 | $19.32 | $8.30 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FTNJ
is actively managed and doesn’t replicate an indexMUST | FTNJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/15/2026 at 1:32 PM
Live
Closed
MUST | FTNJ | |
|---|---|---|
| Last price | $19.48 | $8.38 |
| 1D performance | +0.83% | +0.99% |
| AuM | $508.52 M | $183.74 M |
| E/R | 0.23% | 0.35% |
Characteristics
MUST | FTNJ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Columbia Threadneedle Investments | Franklin Templeton |
| Benchmark | Beta Advantage Multi-Sector Municipal Bond Index | - |
| N° of holdings | 293 | 52 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2018 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
MUST
USA
43.37%
Other
56.63%
FTNJ
USA
42.38%
Other
57.62%
Sectors
MUST
Municipal
43.03%
Other
56.97%
FTNJ
Municipal
42.38%
Other
57.62%
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Diversification
MUST
Total weight of top 15 holdings out of 15
6.31%
FTNJ
Total weight of top 15 holdings out of 15
27.02%
Top 15 holdings
Data as of August 31, 2026
MUST
Miami-Dade, 5% 1oct2036, USD (2024A)
0.54%
US249182QF65
0.53%
New Jersey Turnpike Authority, 5% 1jan2034, USD (2025)
0.48%
US64985SDE00
0.46%
New York Transportation Development Corp., 4.375% 1oct2045, USD (2020)
0.43%
New York Metropolitan Transportation Authority, 4% 15nov2035, USD (2017C-1)
0.43%
US67766WM740
0.42%
Illinois Toll Highway Authority, 5% 1jan2038, USD (2024)
0.38%
US46247SFR04
0.38%
US48504NCC11
0.38%
Chicago O'Hare International Airport, 5% 1jan2048, USD
0.38%
New Jersey Turnpike Authority, 5% 1jan2036, USD
0.38%
US64972GJ217
0.38%
US73358XHU90
0.37%
US88285AJH23
0.37%
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 MUST and FTNJ
How have the MUST and FTNJ ETFs performed in 2026?
As of October 14, 2026, MUST is down -4.06% year-to-date (YTD), while FTNJ has lost -4.54%. That puts MUST better performer ahead so far this year.
Which ETF is attracting more investor money: MUST or FTNJ?
Year-to-date, the MUST ETF saw +$17M in flows, compared to +$52M for FTNJ.
Which ETF is bigger: MUST or FTNJ?
As of October 14, 2026, MUST holds $508.52 M in assets under management (AUM), while FTNJ manages $183.74 M.
What sectors do the MUST and FTNJ ETFs invest in?
MUST leans toward sectors like Municipal. Meanwhile, FTNJ focuses on Municipal.
What are the top holdings of the MUST ETF and FTNJ ETF?
MUST top holdings include Miami-Dade, 5% 1oct2036, USD (2024A), US249182QF65 and New Jersey Turnpike Authority, 5% 1jan2034, USD (2025). 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: MUST or FTNJ?
MUST holds 647 securities with 6.31% of its assets in the top 15. FTNJ has 157 securities and a top 15 weight of 27.02%.
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