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FTMN vs SCMB

Franklin Minnesota Municipal Income ETF

FTMNCNYSE Arca

Schwab Municipal Bond ETF

SCMBANYSE Arca

Overlap

No data

Expense ratio

SCMB −0.32pt a year

FTMN0.35%SCMB0.03%

Avg volume · 30D

SCMB 9.4×the volume

FTMN357KSCMB3.36M

FTMN vs SCMB Performance

Dec 31, 2025 – Nov 9, 2026

0.0%FTMN+0.5%SCMB

Dec 31, 2025 to Nov 9, 2026. FTMN 0.0%. SCMB +0.5%. Use the arrow keys to read each point.−6%−4%−2%2%Dec 2025Jun 2026Nov 2026
Expense ratio
FTMN 0.35%
SCMB 0.03%, better
Fund size
FTMN $289M
SCMB $4.09B
1Y total return
FTMN No data
SCMB +0.9%
Yield (12M)
FTMN No data
SCMB 3.59%
Holdings
FTMN 225
SCMB 8188
Avg volume (30D)
FTMN 357K sh
SCMB 3.36M sh, better
NAV per share
FTMN $8.59
SCMB $25.12
52W range

ETF.net Grade

FTMN: Cost 35, Risk 36, Mission 88, Tradability 59, Holdings 46, Durability 60. SCMB: Cost 99, Risk 51, Mission 97, Tradability 80, Holdings 81, Durability 72.
Pillar letters and Scores for FTMN, SCMB, with each pillar’s weight
PillarFTMNSCMB
Cost30% weightD35A99Higher
Mission25% weightA88A97Higher
Risk15% weightD36C51Higher
Tradability15% weightB59A80Higher
Holdings10% weightC46A81Higher
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. FTMN 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 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 5ATFIState Street SPDR Nuveen ICE Municipal Bond ETFScore 82
  6. Rank 41CFTCAFranklin California Municipal Income ETFScore 54
  7. Rank 41CFTMNFranklin Minnesota Municipal Income ETFScore 54
  8. Rank 43CFTMAFranklin Massachusetts Municipal Income ETFScore 53

Our read on each fund

ETF.net Research

FTMNCFranklin Minnesota Municipal Income ETF

SCMBASchwab Municipal Bond ETF

In short

FTMN 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

FTMN 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

FTMN 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

FTMN 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 FTMN profile⁠

Full SCMB profile⁠

FTMN 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.

FTMN vs SCMB Cost

Overpaying FTMN vs SCMB

$6,488

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

  • FTMN 0.35%

    $7,126

  • SCMB 0.03%

    $638

$10,000
30 years

Cost over time

  • FTMN 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$8K051015202530FTMN $7,126SCMB $638

Year by year

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

Expense ratio

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

SCMB cheapest of 63 funds

FTMN 37th cheapest of 63 funds

FTMN vs SCMB Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
FTMN No data
SCMB 3.59%
Payout (12M)
FTMN No data
SCMB $0.90
Last payment
FTMN $0.03
SCMB $0.07
Ex-dividend
FTMN Nov 2, 2026
SCMB Nov 2, 2026
Paid on
FTMN Nov 5, 2026
SCMB Nov 6, 2026
Frequency
FTMN Monthly
SCMB 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$0.1020232026YTD
SCMBMonthly · 46 paymentsAll SCMB payments⁠
One bar per payment. 46 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; Nov 2, 2026 $0.07. Use the arrow keys to read each point.$0$0.1020232026YTD

FTMN vs SCMB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FTMN No dataSCMB 5.9%
Return per unit of riskSharpe ratio, 3 years
FTMN No dataSCMB −0.04
Worst fallMax drawdown, 5 years
FTMN No dataSCMB −6.7%since Oct 2022
Market sensitivityBeta, 5 years
FTMN 0.17SCMB 0.96

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