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FTMN vs MUB

Franklin Minnesota Municipal Income ETF

FTMNCNYSE Arca

iShares National Muni Bond ETF

MUBANYSE Arca

Overlap

No data

Expense ratio

MUB −0.30pt a year

FTMN0.35%MUB0.05%

Avg volume · 30D

MUB 27.1×the volume

FTMN357KMUB9.65M

FTMN vs MUB Performance

Dec 31, 2025 – Nov 9, 2026

0.0%FTMN+0.7%MUB

Dec 31, 2025 to Nov 9, 2026. FTMN 0.0%. MUB +0.7%. Use the arrow keys to read each point.−6%−4%−2%2%Dec 2025Jun 2026Nov 2026
Expense ratio
FTMN 0.35%
MUB 0.05%, better
Fund size
FTMN $289M
MUB $55B
1Y total return
FTMN No data
MUB +1.1%
Yield (12M)
FTMN No data
MUB 3.26%
Holdings
FTMN 225
MUB 7990
Avg volume (30D)
FTMN 357K sh
MUB 9.65M sh, better
NAV per share
FTMN $8.59
MUB $104.86
52W range

ETF.net Grade

FTMN: Cost 35, Risk 36, Mission 88, Tradability 59, Holdings 46, Durability 60. MUB: Cost 95, Risk 56, Mission 100, Tradability 70, Holdings 82, Durability 93.
Pillar letters and Scores for FTMN, MUB, with each pillar’s weight
PillarFTMNMUB
Cost30% weightD35A95Higher
Mission25% weightA88A100Higher
Risk15% weightD36B56Higher
Tradability15% weightB59A70Higher
Holdings10% weightC46A82Higher
Durability5% weightB60A93Higher

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. FTMN and MUB 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 ›

MUB ranks 3rd and FTMN 41st of 63 funds in the Other Municipal Bond Category.

  1. Rank 1AVTEBVanguard Tax-Exempt Bond ETFScore 89
  2. Rank 2AVCRMVanguard Core Tax-Exempt Bond EScore 86
  3. Rank 3AMUBiShares National Muni Bond ETFScore 85
  4. Rank 3ASCMBSchwab Municipal Bond ETFScore 85
  5. Rank 41CFTCAFranklin California Municipal Income ETFScore 54
  6. Rank 41CFTMNFranklin Minnesota Municipal Income ETFScore 54
  7. Rank 43CFTMAFranklin Massachusetts Municipal Income ETFScore 53

Our read on each fund

ETF.net Research

FTMNCFranklin Minnesota Municipal Income ETF

MUBAiShares National Muni Bond ETF

In short

FTMN No data

MUB Municipal bonds, indexed and cheap. Since 2007, MUB has packaged investment-grade national munis into tax-exempt monthly income for five basis points a year, and it sits among the deepest pools in the muni-ETF aisle.

Stated mandate

FTMN No data

MUB The fund seeks to track an index of investment-grade U.S. municipal bonds, providing diversified exposure to the national municipal-bond market and tax-exempt income.

Why people hold it

FTMN No data

  • MUB 0.05% a year against a muni-ETF median near 0.30%. In a category built on modest, tax-exempt yields, that fee gap is real money left in the fund.
  • The benchmark is AMT-free: the ICE AMT-Free US National Municipal Index screens out munis whose interest can be pulled into the alternative minimum tax.ishares.com
  • Tracks its index closely, one of the tighter jobs in its peer group, and distributes monthly. A multi-billion-dollar fund that trades actively.
  • Broad investment-grade exposure across the national muni market, spread over thousands of issuers rather than one state's budget.ishares.com

Worth knowing

FTMN No data

  • MUB Two rivals undercut it: VTEB and SCMB both run 0.03%. A two-basis-point gap is small, but it is a gap.
  • A bond fund with no maturity date to hold to. Share prices move with interest rates and muni credit conditions, both directions.
  • National by design, so no single-state tilt and no in-state tax angle. iShares runs state-specific muni funds such as NYF for that job.

Full FTMN profile⁠

Full MUB profile⁠

FTMN vs MUB 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.

FTMN vs MUB Cost

Overpaying FTMN vs MUB

$6,066

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

  • FTMN 0.35%

    $7,126

  • MUB 0.05%

    $1,060

$10,000
30 years

Cost over time

  • FTMN 0.35%
  • MUB 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FTMN $7,126MUB $1,060

Year by year

YearFTMNMUBOverpaying
10$634$92$542
20$2,454$360$2,094
30$7,126$1,060$6,066

Expense ratio

  • 0.35%FTMN
  • 0.05%MUB, cheaper
  • Middle half of Other Municipal Bond funds
  • Median 0.30%

MUB 3rd cheapest of 63 funds

FTMN 37th cheapest of 63 funds

FTMN vs MUB Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
FTMN No data
MUB 3.26%
Payout (12M)
FTMN No data
MUB $3.42
Last payment
FTMN $0.03
MUB $0.28
Ex-dividend
FTMN Nov 2, 2026
MUB Nov 2, 2026
Paid on
FTMN Nov 5, 2026
MUB Nov 5, 2026
Frequency
FTMN Monthly
MUB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FTMNMonthly · 12 paymentsAll FTMN payments⁠
One bar per payment. 12 payments from 2023 to 2026 YTD. Dec 1, 2025 $0.01; 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 $0.02; Jul 1, 2026 $0.02; Aug 3, 2026 $0.03; Sep 1, 2026 $0.02; Oct 1, 2026 $0.03; Nov 2, 2026 $0.03. Use the arrow keys to read each point.$0$0.2520232026YTD
MUBMonthly · 46 paymentsAll MUB payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.22; Mar 1, 2023 $0.24; Apr 3, 2023 $0.23; May 1, 2023 $0.23; Jun 1, 2023 $0.23; Jul 3, 2023 $0.24; Aug 1, 2023 $0.24; Sep 1, 2023 $0.23; Oct 2, 2023 $0.24; Nov 1, 2023 $0.25; Dec 1, 2023 $0.25; Dec 14, 2023 $0.25; Feb 1, 2024 $0.26; Mar 1, 2024 $0.27; Apr 1, 2024 $0.26; May 1, 2024 $0.26; Jun 3, 2024 $0.28; Jul 1, 2024 $0.26; Aug 1, 2024 $0.26; Sep 3, 2024 $0.27; Oct 1, 2024 $0.28; Nov 1, 2024 $0.27; Dec 2, 2024 $0.27; Dec 18, 2024 $0.27; Feb 3, 2025 $0.27; Mar 3, 2025 $0.28; Apr 1, 2025 $0.28; May 1, 2025 $0.28; Jun 2, 2025 $0.28; Jul 1, 2025 $0.28; Aug 1, 2025 $0.28; Sep 2, 2025 $0.28; Oct 1, 2025 $0.29; Nov 3, 2025 $0.28; Dec 1, 2025 $0.29; Dec 19, 2025 $0.29; Feb 2, 2026 $0.28; Mar 2, 2026 $0.29; Apr 1, 2026 $0.28; May 1, 2026 $0.29; Jun 1, 2026 $0.28; Jul 1, 2026 $0.29; Aug 3, 2026 $0.29; Sep 1, 2026 $0.29; Oct 1, 2026 $0.28; Nov 2, 2026 $0.28. Use the arrow keys to read each point.$0$0.2520232026YTD

FTMN vs MUB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FTMN No dataMUB 5.7%
Return per unit of riskSharpe ratio, 3 years
FTMN No dataMUB −0.03
Worst fallMax drawdown, 5 years
FTMN No dataMUB −11.6%
Market sensitivityBeta, 5 years
FTMN 0.17MUB 0.90

FTMN and MUB in the news

All news⁠

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