Franklin Massachusetts Municipal Income ETF (FTMA)

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Franklin Massachusetts Municipal Income ETF (FTMA) is up 2.1% since the beginning of the year. FTMA is currently trading at $9 per share.

Based on dividend-adjusted daily data since Nov 10, 2025, FTMA's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 88% of months were positive and 13% were negative. The best month was Feb 2026 with a return of +1.3%, while the worst month was Mar 2026 at -1.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.

On a daily basis, FTMA closed higher 47% of trading days. The best single day was Feb 26, 2026 with a return of +0.5%, while the worst single day was May 19, 2026 at -0.6%.

Franklin Massachusetts Municipal Income ETF has an annualized alpha of 2.31%, beta of 0.12, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since November 11, 2025.

• This ETF captured 12.33% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.40%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.12 may look defensive, but with R2 of 0.18 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.18 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FTMA has an expense ratio of 0.35%, placing it in the medium range.

The table below present risk-adjusted performance metrics for Franklin Massachusetts Municipal Income ETF (FTMA) and compare them to S&P 500 Index.

Franklin Massachusetts Municipal Income ETF provided a 1.96% dividend yield over the last twelve months, with an annual payout of $0.18 per share.

The table displays the monthly dividend distributions for Franklin Massachusetts Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Franklin Massachusetts Municipal Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Franklin Massachusetts Municipal Income ETF was 2.27%, occurring on Mar 24, 2026. Recovery took 46 trading sessions.

The chart below shows the rolling one-month volatility.