- Issuer
- Franklin Templeton
- Inception Date
- Nov 10, 2025
- Region
- North America (United States)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $98M
Share Price Chart
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Performance
FTPA Performance Chart
Franklin Pennsylvania Municipal Income ETF (FTPA) is up 2.3% since the beginning of the year. FTPA is currently trading at $9 per share.
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Returns By Period
Franklin Pennsylvania Municipal Income ETF
- 1D
- -0.23%
- 1M
- 0.53%
- YTD
- 2.33%
- 6M
- 2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 24.32%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
FTPA Monthly Returns History
Based on dividend-adjusted daily data since Nov 10, 2025, FTPA'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, 75% of months were positive and 25% were negative. The best month was Feb 2026 with a return of +1.7%, while the worst month was Mar 2026 at -2.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, FTPA closed higher 61% of trading days. The best single day was May 26, 2026 with a return of +0.6%, while the worst single day was Mar 20, 2026 at -1.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.75% | 1.66% | -2.22% | 1.41% | 0.56% | 0.19% | 2.33% | ||||||
| 2025 | 0.00% | 0.24% | 0.24% |
Benchmark Metrics
Franklin Pennsylvania Municipal Income ETF has an annualized alpha of 3.08%, beta of 0.11, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since November 11, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.18%) than losses (2.15%) - typical of diversified or defensive assets.
- Beta of 0.11 may look defensive, but with R2 of 0.12 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 0.12 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.
- Alpha
- 3.08%
- Beta
- 0.11
- R²
- 0.12
- Upside Capture
- 13.18%
- Downside Capture
- 2.15%
Expense Ratio
FTPA has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Pennsylvania Municipal Income ETF (FTPA) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Franklin Pennsylvania Municipal Income ETF provided a 2.08% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.18 | $0.04 |
Dividend yield | 2.08% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Pennsylvania Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.14 | ||||||
| 2025 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Pennsylvania 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 Pennsylvania Municipal Income ETF was 2.96%, occurring on Mar 24, 2026. Recovery took 48 trading sessions.
The current Franklin Pennsylvania Municipal Income ETF drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.96%Mar 2026 | 22d | 2mo 10d | 3mo 2dMar 2026 - Jun 2026 |
2025 pullback2025 | -0.80%Nov 2025 | 2d | 1mo 10d | 1mo 12dNov 2025 - Dec 2025 |
2026 pullback2026 | -0.52%Jan 2026 | 6d | 8d | 14dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.35%Feb 2026 | 0s | 1d | 1dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.31%Jan 2026 | 0s | 1d | 1dJan 2026 - Jan 2026 |
Drawdown Indicators
| FTPA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.96% | -56.78% | +53.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.97% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -10.72% | +10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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