FTNJ vs. IBIC

Last updated Jun 4, 2026

FTNJ (Franklin New Jersey Municipal Income ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - FTNJ is a Municipal Bonds fund tracking the Actively Managed, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. At a correlation of -0.41, they often move in opposite directions. FTNJ charges 0.35%/yr vs 0.10%/yr for IBIC.

Performance

FTNJ vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin New Jersey Municipal Income ETF (FTNJ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTNJ achieves a 1.80% return, which is significantly lower than IBIC's 2.37% return.

FTNJ

• 1D: -0.06%
• 1M: 0.63%
• YTD: 1.80%
• 6M: 2.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIC

• 1D: 0.02%
• 1M: 0.27%
• YTD: 2.37%
• 6M: 2.51%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTNJ vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025
FTNJ Franklin New Jersey Municipal Income ETF	1.80%	0.34%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.37%	0.37%

Correlation

The correlation between FTNJ and IBIC is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025	-0.41

Return for Risk

FTNJ vs. IBIC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 97
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTNJ vs. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin New Jersey Municipal Income ETF (FTNJ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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

	FTNJ	IBIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	3.49	-2.32

Drawdowns

FTNJ vs. IBIC - Drawdown Comparison

The maximum FTNJ drawdown since its inception was -2.72%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for FTNJ and IBIC.

Drawdown Indicators

	FTNJ	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	-0.90%	-1.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.26%	—
Current Drawdown Current decline from peak	-0.20%	-0.13%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.61%	-0.10%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.07%	—

Volatility

Volatility by Period

	FTNJ	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	0.90%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	1.58%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	1.58%	+1.77%

FTNJ vs. IBIC - Expense Ratio Comparison

FTNJ has a 0.35% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

FTNJ vs. IBIC - Dividend Comparison

FTNJ's dividend yield for the trailing twelve months is around 1.98%, less than IBIC's 3.59% yield.

Position	TTM	2025	2024	2023
FTNJ Franklin New Jersey Municipal Income ETF	1.98%	0.54%	0.00%	0.00%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%

Frequently Asked Questions

Can I hold both FTNJ and IBIC in my portfolio?

FTNJ and IBIC have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTNJ or IBIC?

On fees, IBIC is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTNJ or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.35% for FTNJ.

Which ETF pays a higher dividend yield, FTNJ or IBIC?

IBIC has the higher dividend yield at 3.59%, compared with 1.98% for FTNJ.

What is the main difference between FTNJ and IBIC?

FTNJ is categorized as Municipal Bonds, while IBIC is Inflation-Protected Bonds. FTNJ tracks Actively Managed, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FTNJ and 0.10% for IBIC.