Franklin Municipal Income ETF (FTMU) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FTMU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FTMU
FTMU charges 0.30% annually. There are 87 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 45.70B | Aug 2015 | FTMU vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | FTMU vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | FTMU vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 59.79M | Aug 2025 | FTMU vs TAXT | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | FTMU vs TAXS |
Best Risk-Adjusted Alternatives to FTMU
Among 110 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 9.88M | Sep 2024 | FTMU vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | FTMU vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 230.57M | Nov 2018 | FTMU vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.38B | Mar 2015 | FTMU vs MEAR | |
| iShares Short-Term California Muni Active ETF | 94 | 360.67M | Oct 2007 | FTMU vs CALI |
Top Performing FTMU Alternatives (YTD)
FTMU is at 2.50% YTD. There are 8 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.86% | 138.42M | Jun 2013 | FTMU vs RVNU | |
| Overlay Shares Municipal Bond ETF | 3.41% | 30.60M | Sep 2019 | FTMU vs OVM | |
| T. Rowe Price High Income Municipal ETF | 3.16% | 25.30M | Nov 2025 | FTMU vs THYM | |
| First Trust Flexible Municipal High Income ETF | 3.15% | 18.90M | Sep 2016 | FTMU vs MFLX | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 2.87% | 2.93B | Apr 2011 | FTMU vs HYMB |
Lowest Volatility Alternatives to FTMU
FTMU has 3.62% 1-year volatility. There are 109 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | FTMU vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | FTMU vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | FTMU vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | FTMU vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | FTMU vs MYMF |
Lowest Drawdown Alternatives to FTMU
Among 110 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 230.57M | Nov 2018 | FTMU vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | FTMU vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | FTMU vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | FTMU vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | FTMU vs MYMG |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 8 categories. AUM among these funds goes as high as $5B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | Volatility Hedged Equity, Dividend | 90 | 11.03% | 4.94B | Jul 2016 | FTMU vs LVHI | |
| Franklin FTSE India ETF | Asia Pacific Equities | 3 | -11.97% | 2.53B | Feb 2018 | FTMU vs FLIN | |
| Franklin FTSE South Korea ETF | Asia Pacific Equities | 91 | 75.41% | 1.06B | Nov 2017 | FTMU vs FLKR | |
| Legg Mason Low Volatility High Dividend ETF | Volatility Hedged Equity, Dividend | 38 | 8.83% | 581.01M | Dec 2015 | FTMU vs LVHD | |
| Franklin International Core Dividend Tilt Index ET... | Foreign Large Cap Equities | 48 | 8.85% | 2.55B | Jun 2016 | FTMU vs DIVI | |
| Franklin FTSE Japan ETF | Japan Equities | 48 | 12.80% | 3.79B | Nov 2017 | FTMU vs FLJP | |
| Franklin Responsibly Sourced Gold ETF | Precious Metals | 29 | -0.26% | 469.03M | Jun 2022 | FTMU vs FGDL | |
| Franklin FTSE China ETF | China Equities | 11 | -8.95% | 272.96M | Nov 2017 | FTMU vs FLCH | |
| Franklin FTSE Japan Hedged ETF | Japan Equities | 79 | 16.70% | 166.02M | Nov 2017 | FTMU vs FLJH | |
| Franklin Bitcoin ETF | Cryptocurrency | 2 | -31.15% | 426.34M | Jan 2024 | FTMU vs EZBC |
Compare FTMU with Any Fund or Stock
Compare FTMU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FTMU with funds that move differently
Franklin Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FTMU.
Explore FTMU Diversifiers