Franklin Pennsylvania Municipal Income ETF (FTPA) Diversifiers

ETF · Currency in USD · Last updated Jul 17, 2026

The Franklin Pennsylvania Municipal Income ETF (FTPA) is an actively managed fund that invests primarily in Pennsylvania municipal bonds, the income from which is generally exempt from federal and Pennsylvania state personal income taxes. The fund focuses on investment-grade municipal debt, seeking to provide tax-advantaged income to Pennsylvania investors.

Looking to diversify beyond FTPA? The ETFs below have the lowest correlation with FTPA — 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 FTPA.

Best Diversifiers for FTPA

0 ETFs have low correlation with FTPA (below 0.3), 0 of which are negatively correlated. The least correlated is Rareview Tax Advantaged Income ETF (RTAI) (Municipal Bonds) with a 1Y correlation of 0.44, roughly unchanged from 0.44 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
RTAI	Rareview Tax Advantaged Income ETF	0.44	0.44	0.44	66	Municipal Bonds	FTPA vs RTAI

Diversification Analysis

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