FTNJ vs. MUB
FTNJ (Franklin New Jersey Municipal Income ETF) and MUB (iShares National AMT-Free Muni Bond ETF) are both Municipal Bonds funds - FTNJ tracks the Actively Managed while MUB tracks the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FTNJ charges 0.35%/yr vs 0.07%/yr for MUB.
Performance
FTNJ vs. MUB - Performance Comparison
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Returns By Period
In the year-to-date period, FTNJ achieves a 0.82% return, which is significantly higher than MUB's 0.21% return.
FTNJ
- 1D
- 0.12%
- 1M
- -1.70%
- 6M
- 0.36%
- YTD
- 0.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MUB
- 1D
- -0.11%
- 1M
- -1.73%
- 6M
- -0.48%
- YTD
- 0.21%
- 1Y
- 4.48%
- 3Y*
- 2.86%
- 5Y*
- 0.55%
- 10Y*
- 1.79%
- ALL TIME*
- 3.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.38M | $1.09M | $908.42K | |
| $531.87M | $437.83M | $388.20M |
FTNJ vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTNJ Franklin New Jersey Municipal Income ETF | 0.82% | 0.34% |
MUB iShares National AMT-Free Muni Bond ETF | 0.21% | 0.43% |
Correlation
The correlation between FTNJ and MUB is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.69 |
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Return for Risk
FTNJ vs. MUB — Risk / Return Rank
FTNJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MUB
FTNJ vs. MUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New Jersey Municipal Income ETF (FTNJ) and iShares National AMT-Free Muni Bond ETF (MUB). 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.
| FTNJ | MUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.80 | — |
| Martin ratioReturn relative to average drawdown | — | 5.86 | — |
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Drawdowns
FTNJ vs. MUB - Drawdown Comparison
The maximum FTNJ drawdown since its inception was -2.72%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FTNJ and MUB.
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Drawdown Indicators
| FTNJ | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.72% | -13.68% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.79% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.68% | — |
Current DrawdownCurrent decline from peak | -1.70% | -1.79% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.58% | -2.22% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.86% | — |
Volatility
FTNJ vs. MUB - Volatility Comparison
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Volatility by Period
| FTNJ | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 2.98% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 4.09% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 4.91% | -1.66% |
FTNJ vs. MUB - Expense Ratio Comparison
FTNJ has a 0.35% expense ratio, which is higher than MUB's 0.07% expense ratio.
Dividends
FTNJ vs. MUB - Dividend Comparison
FTNJ's dividend yield for the trailing twelve months is around 2.30%, less than MUB's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTNJ Franklin New Jersey Municipal Income ETF | 2.30% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 2.96% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
Frequently Asked Questions
FTNJ and MUB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUB is cheaper with a 0.07% expense ratio, compared with 0.35% for FTNJ.
MUB has the higher dividend yield at 2.96%, compared with 2.30% for FTNJ.
FTNJ tracks Actively Managed, while MUB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FTNJ and 0.07% for MUB.
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