FTMS vs. IBMM

Last updated Jun 6, 2026

FTMS (Franklin Short-Term Municipal Income ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. FTMS is actively managed, while IBMM is passively managed. FTMS charges 0.21%/yr vs 0.18%/yr for IBMM.

Performance

FTMS vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Short-Term Municipal Income ETF (FTMS) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FTMS

• 1D: 0.05%
• 1M: 0.54%
• YTD: 1.41%
• 6M: 1.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTMS vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
FTMS Franklin Short-Term Municipal Income ETF	0.54%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

FTMS vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Short-Term Municipal Income ETF (FTMS) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FTMS	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	—	—

Drawdowns

FTMS vs. IBMM - Drawdown Comparison

The maximum FTMS drawdown since its inception was -1.24%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FTMS and IBMM.

Drawdown Indicators

	FTMS	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-1.24%	0.00%	-1.24%
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.30%	0.00%	-0.30%

Volatility

Volatility by Period

	FTMS	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.77%	0.00%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.77%	0.00%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.77%	0.00%	+1.77%

FTMS vs. IBMM - Expense Ratio Comparison

FTMS has a 0.21% expense ratio, which is higher than IBMM's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FTMS vs. IBMM - Dividend Comparison

FTMS's dividend yield for the trailing twelve months is around 1.97%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025
FTMS Franklin Short-Term Municipal Income ETF	1.97%	0.57%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FTMS or IBMM?

On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTMS or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.21% for FTMS.

Which ETF pays a higher dividend yield, FTMS or IBMM?

FTMS has the higher dividend yield at 1.97%, compared with 0.00% for IBMM.

What is the main difference between FTMS and IBMM?

They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.21% for FTMS and 0.18% for IBMM.