FTMU vs MMMA
Franklin Municipal Income ETF vs NYLIM MacKay Muni Allocation ETF
Which is better, FTMU or MMMA?
FTMU costs less.
FTMU has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FTMU | MMMA |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.35% |
| AUM | $467M | $28M |
| Dividend Yield | 4.08% | 3.59% |
| Holdings | 533 | 51 |
| YTD Return | -2.93% | -1.29%Best |
| 1Y Return | -2.83% | - |
| Fund Family | Franklin Templeton Investments (US) | New York Life Investments |
| Category | Fixed Income | Fixed Income |
| Style | Municipal Bond | Municipal Bond |
| Inception | Dec 31, 1976 | Dec 16, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
FTMU vs MMMA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FTMU vs MMMA Performance
Franklin Municipal Income ETF (FTMU) is an ETF from Franklin Templeton Investments (US) and NYLIM MacKay Muni Allocation ETF (MMMA) is an ETF from New York Life Investments. Year to date, FTMU is down 2.93% versus a loss of 1.29% for MMMA.
Past performance does not guarantee future results.
Fees and Cost Over Time
FTMU charges 0.30% per year while MMMA charges 0.35%. On a $10,000 position that is $30 vs $35 annually, a gap of $5 per year that compounds over a long holding period. On income, FTMU currently yields 4.08% against 3.59% for MMMA.
Holdings Overlap
We hold position weights for 81 holdings in FTMU and 22 in MMMA, totalling 41.1% and 40.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 81 positions we hold weights for in FTMU and 22 in MMMA, against full books of 533 and 51.
Top Shared Holdings
| Stock | Weight in FTMU | Weight in MMMA | Difference |
|---|---|---|---|
| SC SCSUTL 5 12/01/20Sc Pub Svc Auth-B-Re 5.0 | 0.55% | 3.62% | 3.07% |
| TX NHPFAC 4 11/01/20New Hope Cultural Ed Facs Fin New Hope Cultural Education Facilities Finance Cor | 0.04% | 0.70% | 0.66% |
You are not choosing between two funds in isolation.
Whichever of FTMU and MMMA you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FTMU or MMMA?
FTMU has an expense ratio of 0.30% while MMMA charges 0.35%. FTMU is the cheaper option, by $5 a year on a $10,000 investment.
Which pays a higher dividend, FTMU or MMMA?
FTMU yields 4.08% while MMMA yields 3.59%, so FTMU currently pays the higher dividend yield.
Is MMMA better than FTMU?
FTMU has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.