FTMA vs. EZBC
FTMA (Franklin Massachusetts Municipal Income ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FTMA is a Municipal Bonds fund tracking the Actively Managed, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Their 0.05 correlation means their historical movements had little consistent relationship. FTMA charges 0.35%/yr vs 0.19%/yr for EZBC.
Performance
FTMA vs. EZBC - Performance Comparison
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Returns By Period
In the year-to-date period, FTMA achieves a 0.84% return, which is significantly higher than EZBC's -27.09% return.
FTMA
- 1D
- -0.10%
- 1M
- -1.96%
- 6M
- 0.36%
- YTD
- 0.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EZBC
- 1D
- 1.54%
- 1M
- 3.86%
- 6M
- -18.20%
- YTD
- -27.09%
- 1Y
- -43.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.88M | $4.12M | $6.98M | |
| $1.46M | $1.23M | $1.05M |
FTMA vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTMA Franklin Massachusetts Municipal Income ETF | 0.84% | 0.54% |
EZBC Franklin Bitcoin ETF | -27.09% | -15.69% |
Correlation
The correlation between FTMA and EZBC is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.05 |
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Return for Risk
FTMA vs. EZBC — Risk / Return Rank
FTMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EZBC
FTMA vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Massachusetts Municipal Income ETF (FTMA) and Franklin Bitcoin ETF (EZBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTMA | EZBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.82 | — |
| Martin ratioReturn relative to average drawdown | — | -1.26 | — |
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Drawdowns
FTMA vs. EZBC - Drawdown Comparison
The maximum FTMA drawdown since its inception was -2.27%, smaller than the maximum EZBC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for FTMA and EZBC.
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Drawdown Indicators
| FTMA | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.27% | -53.35% | +51.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.35% | — |
Current DrawdownCurrent decline from peak | -1.96% | -49.25% | +47.29% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -18.33% | +17.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 34.78% | — |
Volatility
FTMA vs. EZBC - Volatility Comparison
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Volatility by Period
| FTMA | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 44.39% | -41.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 49.49% | -46.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.33% | 49.49% | -46.16% |
FTMA vs. EZBC - Expense Ratio Comparison
FTMA has a 0.35% expense ratio, which is higher than EZBC's 0.19% expense ratio.
Dividends
FTMA vs. EZBC - Dividend Comparison
FTMA's dividend yield for the trailing twelve months is around 2.65%, while EZBC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% |
FTMA Franklin Massachusetts Municipal Income ETF | 2.65% | 0.54% |
Frequently Asked Questions
FTMA and EZBC have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.35% for FTMA.
FTMA has the higher dividend yield at 2.65%, compared with 0.00% for EZBC.
FTMA is categorized as Municipal Bonds, while EZBC is Cryptocurrency. FTMA tracks Actively Managed, while EZBC tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.35% for FTMA and 0.19% for EZBC.
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