Franklin New York Municipal Income ETF (FTNY) 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 FTNY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FTNY
FTNY charges 0.36% annually. There are 119 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% | 47.60B | Aug 2015 | FTNY vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | FTNY vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | FTNY vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | FTNY vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | FTNY vs TAXI |
Best Risk-Adjusted Alternatives to FTNY
Among 108 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 | 8.64M | Sep 2024 | FTNY vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | FTNY vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | FTNY vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | FTNY vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | FTNY vs MEAR |
Top Performing FTNY Alternatives (YTD)
FTNY is at 2.59% YTD. There are 13 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Rareview Tax Advantaged Income ETF | 4.35% | 18.13M | Oct 2020 | FTNY vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | FTNY vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.78% | 20.73M | Sep 2016 | FTNY vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.74% | 25.42M | Nov 2025 | FTNY vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.62% | 30.60M | Sep 2019 | FTNY vs OVM |
Lowest Volatility Alternatives to FTNY
FTNY has 3.91% 1-year volatility. There are 118 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 33.31M | Sep 2025 | FTNY vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | FTNY vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | FTNY vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | FTNY vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.81% | 245.94M | Nov 2018 | FTNY vs FUMB |
Lowest Drawdown Alternatives to FTNY
Among 108 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% | 245.94M | Nov 2018 | FTNY vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | FTNY vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | FTNY vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | FTNY vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | FTNY vs IBMO |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 11 categories. AUM among these funds goes as high as $5B.
Often Compared With FTNY
Investors most often compare FTNY with MMMA, BSMR, HYMB. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NYLI MacKay Muni Allocation ETF | Municipal Bonds | — | 3.18% | 27.55M | Dec 2025 | FTNY vs MMMA | |
| Invesco BulletShares 2027 Municipal Bond ETF | Municipal Bonds | 93 | 1.20% | 344.83M | Sep 2019 | FTNY vs BSMR | |
| State Street SPDR Nuveen ICE High Yield Municipal ... | Municipal Bonds | 81 | 3.26% | 3.08B | Apr 2011 | FTNY vs HYMB | |
| Northern Trust Tax-Exempt Bond ETF | Municipal Bonds | — | 1.29% | 60.72M | Aug 2025 | FTNY vs TAXT | |
| Franklin Bitcoin ETF | Cryptocurrency | 2 | -26.62% | 331.89M | Jan 2024 | FTNY vs EZBC | |
| X-Square Municipal Income Tax Free ETF | Municipal Bonds | 17 | 2.45% | 4.54M | May 2023 | FTNY vs ZTAX | |
| Vanguard New York Long-Term Tax-Exempt Fund Admira... | Municipal Bonds | 84 | 2.27% | — | May 2001 | FTNY vs VNYUX |
Compare FTNY with Any Fund or Stock
Compare FTNY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FTNY with funds that move differently
Franklin New York Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FTNY.
Explore FTNY Diversifiers