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FTMA vs SCMB

Franklin Massachusetts Municipal Income ETF

FTMACNYSE Arca

Schwab Municipal Bond ETF

SCMBANYSE Arca

Overlap

No data

Expense ratio

SCMB −0.32pt a year

FTMA0.35%SCMB0.03%

Avg volume · 30D

SCMB 11.8×the volume

FTMA279KSCMB3.28M

FTMA vs SCMB Performance

Dec 31, 2025 – Oct 30, 2026

−0.4%FTMA−0.9%SCMB

Dec 31, 2025 to Oct 30, 2026. FTMA −0.4%. SCMB −0.9%. Use the arrow keys to read each point.−4%2%Dec 2025Jun 2026Oct 2026
Expense ratio
FTMA 0.35%
SCMB 0.03%, better
Fund size
FTMA $279M
SCMB $4.07B
1Y total return
FTMA No data
SCMB −0.6%
Yield (12M)
FTMA No data
SCMB 3.70%
Holdings
FTMA 188
SCMB 8203
Avg volume (30D)
FTMA 279K sh
SCMB 3.28M sh, better
NAV per share
FTMA $8.76
SCMB $24.87
52W range

ETF.net Grade

FTMA: Cost 35, Risk 58, Mission 80, Tradability 60, Holdings 44, Durability 60. SCMB: Cost 99, Risk 57, Mission 96, Tradability 82, Holdings 81, Durability 72.
Pillar letters and Scores for FTMA, SCMB, with each pillar’s weight
PillarFTMASCMB
Cost30% weightD35A99Higher
Mission25% weightA80A96Higher
Risk15% weightB58HigherB57
Tradability15% weightB60A82Higher
Holdings10% weightC44A81Higher
Durability5% weightB60A72Higher

Rank among Other Municipal Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FTMA and SCMB are both graded against the same 63 Other Municipal Bond funds, so their Grades compare head to head.

Other Municipal Bond⁠

Category · 63 funds
See all 63 ›

SCMB ranks 2nd and FTMA 37th of 63 funds in the Other Municipal Bond Category.

  1. Rank 1AVTEBVanguard Tax-Exempt Bond ETFScore 88
  2. Rank 2AMUBiShares National Muni Bond ETFScore 86
  3. Rank 2ASCMBSchwab Municipal Bond ETFScore 86
  4. Rank 4AVCRMVanguard Core Tax-Exempt Bond EScore 85
  5. Rank 37BFLMBFranklin Municipal Green Bond ETFScore 55
  6. Rank 37CFTMAFranklin Massachusetts Municipal Income ETFScore 55
  7. Rank 37BFTMNFranklin Minnesota Municipal Income ETFScore 55

Our read on each fund

ETF.net Research

FTMACFranklin Massachusetts Municipal Income ETF

SCMBASchwab Municipal Bond ETF

In short

FTMA No data

SCMB Schwab's take on the core muni sleeve: three basis points, thousands of AMT-free bonds from across the country, and a monthly distribution. Bottom-of-the-table pricing, no frills attached.

Stated mandate

FTMA No data

SCMB The fund seeks to track, before fees and expenses, the total return of an index representing the U.S. AMT-free municipal bond market.

Why people hold it

FTMA No data

  • SCMB Three basis points a year, against a 0.30% median for muni bond funds. Among the top-graded names in the category, only Vanguard's VTEB matches that fee.
  • Follows the ICE AMT-Free Core U.S. National Municipal Index across thousands of bonds and issuers, so no single borrower or state drives the portfolio.
  • Plain passive plumbing done well: it stays close to its index, trades actively, and pays monthly. One of the stronger implementations in the muni aisle.

Worth knowing

FTMA No data

  • SCMB Launched in 2022, so its live record is shorter than muni staples like MUB and VTEB, even though the strategy is the same broad-market idea.
  • Bond math still applies. This is a portfolio of municipal bonds, so share prices move opposite to interest rates.
  • National in scope, not single-state like NYF, so it is not built around any one state's tax rules.

Full FTMA profile⁠

Full SCMB profile⁠

FTMA vs SCMB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FTMA vs SCMB Cost

Overpaying FTMA vs SCMB

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FTMA 0.35%

    $7,126

  • SCMB 0.03%

    $638

$10,000
30 years

Cost over time

  • FTMA 0.35%
  • SCMB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FTMA $7,126SCMB $638

Year by year

YearFTMASCMBOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488

Expense ratio

  • 0.35%FTMA
  • 0.03%SCMB, cheaper
  • Middle half of Other Municipal Bond funds
  • Median 0.30%

SCMB cheapest of 63 funds

FTMA 37th cheapest of 63 funds

FTMA vs SCMB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FTMA No data
SCMB 3.70%
Payout (12M)
FTMA No data
SCMB $0.92
Last payment
FTMA $0.03
SCMB $0.09
Ex-dividend
FTMA Oct 1, 2026
SCMB Oct 1, 2026
Paid on
FTMA Oct 6, 2026
SCMB Oct 7, 2026
Frequency
FTMA Monthly
SCMB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FTMAMonthly · 11 paymentsAll FTMA payments⁠
One bar per payment. 11 payments from 2023 to 2026 YTD. Dec 1, 2025 $0.02; Dec 19, 2025 $0.03; Feb 2, 2026 $0.02; Mar 2, 2026 $0.02; Apr 1, 2026 $0.03; May 1, 2026 $0.03; Jun 1, 2026 $0.03; Jul 1, 2026 $0.03; Aug 3, 2026 $0.03; Sep 1, 2026 $0.03; Oct 1, 2026 $0.03. Use the arrow keys to read each point.$0$0.1020232026YTD
SCMBMonthly · 45 paymentsAll SCMB payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.06; Mar 1, 2023 $0.07; Apr 3, 2023 $0.07; May 1, 2023 $0.06; Jun 1, 2023 $0.06; Jul 3, 2023 $0.08; Aug 1, 2023 $0.06; Sep 1, 2023 $0.07; Oct 2, 2023 $0.07; Nov 1, 2023 $0.06; Dec 1, 2023 $0.08; Dec 15, 2023 $0.07; Feb 1, 2024 $0.07; Mar 1, 2024 $0.07; Apr 1, 2024 $0.07; May 1, 2024 $0.07; Jun 3, 2024 $0.08; Jul 1, 2024 $0.07; Aug 1, 2024 $0.07; Sep 3, 2024 $0.08; Oct 1, 2024 $0.07; Nov 1, 2024 $0.08; Dec 2, 2024 $0.07; Dec 20, 2024 $0.06; Feb 3, 2025 $0.08; Mar 3, 2025 $0.07; Apr 1, 2025 $0.06; May 1, 2025 $0.04; Jun 2, 2025 $0.08; Jul 1, 2025 $0.07; Aug 1, 2025 $0.08; Sep 2, 2025 $0.07; Oct 1, 2025 $0.08; Nov 3, 2025 $0.08; Dec 1, 2025 $0.07; Dec 19, 2025 $0.07; Feb 2, 2026 $0.07; Mar 2, 2026 $0.08; Apr 1, 2026 $0.08; May 1, 2026 $0.07; Jun 1, 2026 $0.07; Jul 1, 2026 $0.08; Aug 3, 2026 $0.08; Sep 1, 2026 $0.07; Oct 1, 2026 $0.09. Use the arrow keys to read each point.$0$0.1020232026YTD

FTMA vs SCMB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FTMA No dataSCMB 5.9%
Return per unit of riskSharpe ratio, 3 years
FTMA No dataSCMB −0.04
Worst fallMax drawdown, 5 years
FTMA No dataSCMB −6.7%since Oct 2022
Market sensitivityBeta, 5 years
FTMA 0.13SCMB 0.96

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