FTMU vs. IBMM

Last updated Jun 6, 2026

FTMU (Franklin Municipal Income ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. FTMU is actively managed, while IBMM is passively managed. FTMU charges 0.30%/yr vs 0.18%/yr for IBMM.

Performance

FTMU vs. IBMM - Performance Comparison

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

Returns By Period

FTMU

• 1D: -0.26%
• 1M: 0.57%
• YTD: 2.50%
• 6M: 2.93%
• 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)

FTMU vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
FTMU Franklin Municipal Income ETF	1.41%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

FTMU vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Municipal Income ETF (FTMU) 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

	FTMU	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	—	—

Drawdowns

FTMU vs. IBMM - Drawdown Comparison

The maximum FTMU drawdown since its inception was -3.07%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FTMU and IBMM.

Drawdown Indicators

	FTMU	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-3.07%	0.00%	-3.07%
Current Drawdown Current decline from peak	-0.26%	0.00%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.68%	0.00%	-0.68%

Volatility

Volatility by Period

	FTMU	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.62%	0.00%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.62%	0.00%	+3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.62%	0.00%	+3.62%

FTMU vs. IBMM - Expense Ratio Comparison

FTMU has a 0.30% expense ratio, which is higher than IBMM's 0.18% expense ratio.

Dividends

FTMU vs. IBMM - Dividend Comparison

FTMU's dividend yield for the trailing twelve months is around 2.39%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025
FTMU Franklin Municipal Income ETF	2.39%	0.75%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FTMU 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, FTMU or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.30% for FTMU.

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

FTMU has the higher dividend yield at 2.39%, compared with 0.00% for IBMM.

What is the main difference between FTMU and IBMM?

They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.30% for FTMU and 0.18% for IBMM.