FTNJ vs. SUB
FTNJ (Franklin New Jersey Municipal Income ETF) and SUB (iShares Short-Term National Muni Bond ETF) are both Municipal Bonds funds - FTNJ tracks the Actively Managed while SUB tracks the ICE Short Maturity AMT-Free US National Municipal Index. Both are passively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. FTNJ charges 0.35%/yr vs 0.07%/yr for SUB.
Performance
FTNJ vs. SUB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FTNJ having a 0.80% return and SUB slightly higher at 0.81%.
FTNJ
- 1D
- -0.03%
- 1M
- -1.73%
- 6M
- 0.05%
- YTD
- 0.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SUB
- 1D
- 0.05%
- 1M
- -0.10%
- 6M
- 0.23%
- YTD
- 0.81%
- 1Y
- 1.90%
- 3Y*
- 3.07%
- 5Y*
- 1.41%
- 10Y*
- 1.44%
- ALL TIME*
- 1.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.40M | $1.10M | $886.42K | |
| $47.04M | $43.43M | $47.37M |
FTNJ vs. SUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTNJ Franklin New Jersey Municipal Income ETF | 0.80% | 0.34% |
SUB iShares Short-Term National Muni Bond ETF | 0.81% | 0.70% |
Correlation
The correlation between FTNJ and SUB is 0.52, 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 | 0.52 |
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Return for Risk
FTNJ vs. SUB — Risk / Return Rank
FTNJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SUB
FTNJ vs. SUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New Jersey Municipal Income ETF (FTNJ) and iShares Short-Term National Muni Bond ETF (SUB). 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 | SUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.36 | — |
| Martin ratioReturn relative to average drawdown | — | 6.49 | — |
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Drawdowns
FTNJ vs. SUB - Drawdown Comparison
The maximum FTNJ drawdown since its inception was -2.72%, smaller than the maximum SUB drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for FTNJ and SUB.
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Drawdown Indicators
| FTNJ | SUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.72% | -9.46% | +6.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.46% | — |
Current DrawdownCurrent decline from peak | -1.73% | -0.15% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -0.91% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.29% | — |
Volatility
FTNJ vs. SUB - Volatility Comparison
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Volatility by Period
| FTNJ | SUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 1.12% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 1.65% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 2.60% | +0.64% |
FTNJ vs. SUB - Expense Ratio Comparison
FTNJ has a 0.35% expense ratio, which is higher than SUB's 0.07% expense ratio.
Dividends
FTNJ vs. SUB - Dividend Comparison
FTNJ's dividend yield for the trailing twelve months is around 2.67%, more than SUB's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTNJ Franklin New Jersey Municipal Income ETF | 2.67% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUB iShares Short-Term National Muni Bond ETF | 2.56% | 2.42% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.58% | 1.32% | 0.95% | 0.75% | 0.77% |
Frequently Asked Questions
FTNJ and SUB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUB is cheaper with a 0.07% expense ratio, compared with 0.35% for FTNJ.
FTNJ has the higher dividend yield at 2.67%, compared with 2.56% for SUB.
FTNJ tracks Actively Managed, while SUB tracks ICE Short Maturity AMT-Free US National Municipal Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.35% for FTNJ and 0.07% for SUB.
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