FTNJ vs. IBMM

Last updated Jun 4, 2026

FTNJ (Franklin New Jersey Municipal Income ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds - FTNJ tracks the Actively Managed while IBMM tracks the S&P AMT-Free Municipal Series Dec 2024 Index. Both are passively managed. FTNJ charges 0.35%/yr vs 0.18%/yr for IBMM.

Performance

FTNJ vs. IBMM - 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 Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FTNJ

• 1D: -0.06%
• 1M: 0.63%
• YTD: 1.80%
• 6M: 2.23%
• 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)

FTNJ vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
FTNJ Franklin New Jersey Municipal Income ETF	0.94%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

FTNJ vs. IBMM - 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 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

	FTNJ	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	—	—

Drawdowns

FTNJ vs. IBMM - Drawdown Comparison

The maximum FTNJ drawdown since its inception was -2.72%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FTNJ and IBMM.

Drawdown Indicators

	FTNJ	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	0.00%	-2.72%
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.61%	0.00%	-0.61%

Volatility

Volatility by Period

	FTNJ	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	0.00%	+3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	0.00%	+3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	0.00%	+3.35%

FTNJ vs. IBMM - Expense Ratio Comparison

FTNJ has a 0.35% expense ratio, which is higher than IBMM's 0.18% expense ratio.

Dividends

FTNJ vs. IBMM - Dividend Comparison

FTNJ's dividend yield for the trailing twelve months is around 1.98%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025
FTNJ Franklin New Jersey Municipal Income ETF	1.98%	0.54%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FTNJ 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, FTNJ or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.35% for FTNJ.

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

FTNJ has the higher dividend yield at 1.98%, compared with 0.00% for IBMM.

What is the main difference between FTNJ and IBMM?

FTNJ tracks Actively Managed, while IBMM tracks S&P AMT-Free Municipal Series Dec 2024 Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FTNJ and 0.18% for IBMM.