TFIvsFTNJETF Comparison
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State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) and Franklin New Jersey Municipal Income ETF (FTNJ) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TFI is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.35% for FTNJ. TFI is up 0.47% year-to-date (YTD) with +$9M in YTD flows. FTNJ performs worse with -1.41% YTD performance, and +$63M in YTD flows. Run a side-by-side ETF comparison of TFI 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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TFI vs FTNJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TFI FTNJ | +4.61%+3.94% | -0.07%-1.05% | +0.47%-1.41% | +0.89%-1.55% | +11.66%n/a | -0.83%n/a |
| Flows | TFI FTNJ | -$20M+$24M | -$189M+$30M | +$9M+$63M | -$46M+$204M | -$506M- | -$565M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TFI FTNJ | +5.68%+5.74% | +3.57%+3.64% | +4.06%n/a | +4.18%n/a |
| Max drawdown | TFI FTNJ | -6.01%-6.15% | -7.00%-7.80% | -7.00%n/a | -14.88%n/a |
| Max drawdown duration | TFI FTNJ | 85d85d | 250d250d | 250dn/a | 1513dn/a |
Trading data
TFI | FTNJ | |
Last sale 11/9/2026 at 2:35 PM | $44.49 | $8.59 |
| Previous close 11/06/2026 | $44.44 | $8.58 |
| Consolidated volume 11/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 9, 2026
1-year trailing difference
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FTNJ
is actively managed and doesn’t replicate an indexTFI | 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 11/9/2026 at 2:35 PM
Live
Closed
TFI | FTNJ | |
|---|---|---|
| Last price | $44.49 | $8.59 |
| 1D performance | +0.11% | +0.12% |
| AuM | $2.95 B | $200.91 M |
| E/R | 0.23% | 0.35% |
Characteristics
TFI | FTNJ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Franklin Templeton |
| Benchmark | ICE 1+ Year AMT-Free Broad Municipal Index | - |
| N° of holdings | 826 | 53 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2007 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
TFI
USA
42.95%
Other
57.05%
FTNJ
USA
41.28%
Other
58.72%
Sectors
TFI
Municipal
42.95%
Other
57.05%
FTNJ
Municipal
41.28%
Other
58.72%
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Diversification
TFI
Total weight of top 15 holdings out of 15
2.82%
FTNJ
Total weight of top 15 holdings out of 15
28.02%
Top 15 holdings
Data as of September 30, 2026
TFI
State of Washington, 5% 1feb2028, USD (2024A)
0.22%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.22%
US373385LV30
0.21%
US574193VL92
0.20%
US764581KP80
0.20%
US010831EC55
0.19%
California, 5% 1nov2032, USD
0.19%
California, 5% 1nov2031, USD
0.18%
City of New York, 5% 1aug2029, USD
0.18%
California Community Choice Financing Authority, 5% 1may2054, USD (2024A)
0.18%
US452152B916
0.18%
US207758N749
0.18%
US13068XJP50
0.17%
US13013JBJ43
0.16%
US64972LBD47
0.16%
FTNJ
US64579FYJ64
3.55%
New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994)
3.01%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024)
2.97%
US645790UQ77
1.94%
US646067FW31
1.83%
US443730PU48
1.81%
US37970PLW04
1.76%
US246343PA97
1.57%
Bastrop Independent School District, 5% 15feb2053, USD (2023)
1.48%
US838536MR84
1.47%
New Jersey Educational Facilities Authority, 5% 1jul2051, USD (2026)
1.47%
New Jersey Educational Facilities Authority, 4% 1jul2050, USD
1.40%
New Jersey Health Care Facilities Financing Authority, 5.5% 1jul2038, USD (2026A)
1.30%
US645790CA28
1.24%
New York and New Jersey Port Authority, 5% 1nov2044, USD
1.22%
Frequently asked questions about TFI and FTNJ
How have the TFI and FTNJ ETFs performed in 2026?
As of November 6, 2026, TFI is up 0.47% year-to-date (YTD), while FTNJ has lost -1.41%. That puts TFI better performer ahead so far this year.
Which ETF is attracting more investor money: TFI or FTNJ?
Year-to-date, the TFI ETF saw +$9M in flows, compared to +$63M for FTNJ.
Which ETF is more volatile: TFI or FTNJ?
Over the past year, TFI had a volatility of 3.57%, while FTNJ experienced 3.64%.
Which ETF is bigger: TFI or FTNJ?
As of November 6, 2026, TFI holds $2.95 B in assets under management (AUM), while FTNJ manages $200.91 M.
What sectors do the TFI and FTNJ ETFs invest in?
TFI leans toward sectors like Municipal. Meanwhile, FTNJ focuses on Municipal.
What are the top holdings of the TFI ETF and FTNJ ETF?
TFI top holdings include State of Washington, 5% 1feb2028, USD (2024A), Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B) and US373385LV30. FTNJ holds in its top three: US64579FYJ64, New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994) and New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024).
Which ETF is more diversified: TFI or FTNJ?
TFI holds 1926 securities with 2.82% of its assets in the top 15. FTNJ has 162 securities and a top 15 weight of 28.02%.
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