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Franklin Municipal Income ETF (FTMU) Diversifiers

ETF · Currency in USD · Last updated Jun 27, 2026

The Franklin Municipal Income ETF (FTMU) is an actively managed fund that provides exposure to investment-grade U.S. municipal bonds with maturities of three years or longer. The income generated is generally exempt from federal personal income taxes, and the fund seeks to deliver tax-advantaged income across the national municipal bond market.

Looking to diversify beyond FTMU? The ETFs below have the lowest correlation with FTMU — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FTMU.

Best Diversifiers for FTMU

0 ETFs have low correlation with FTMU (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Flexible Municipal High Income ETF (MFLX) (Municipal Bonds) with a 1Y correlation of 0.43, roughly unchanged from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MFLX
First Trust Flexible Municipal High Income ETF0.430.430.43
82
Municipal BondsFTMU vs MFLX
RTAI
Rareview Tax Advantaged Income ETF0.440.440.44
60
Municipal BondsFTMU vs RTAI

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Diversification Analysis

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