FTNY vs. BSMQ
FTNY (Franklin New York Municipal Income ETF) and BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) are both Municipal Bonds funds. FTNY is actively managed, while BSMQ is passively managed. Their 0.09 correlation means their historical movements had little consistent relationship. FTNY charges 0.36%/yr vs 0.18%/yr for BSMQ.
Performance
FTNY vs. BSMQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTNY achieves a 1.56% return, which is significantly higher than BSMQ's 1.19% return.
FTNY
- 1D
- 0.13%
- 1M
- -1.87%
- 6M
- 0.73%
- YTD
- 1.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BSMQ
- 1D
- -0.04%
- 1M
- 0.09%
- 6M
- 0.92%
- YTD
- 1.19%
- 1Y
- 2.85%
- 3Y*
- 3.05%
- 5Y*
- 0.26%
- 10Y*
- —
- ALL TIME*
- 1.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $704.17K | $1.36M | $1.50M | |
| $1.07M | $1.35M | $1.42M |
FTNY vs. BSMQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTNY Franklin New York Municipal Income ETF | 1.56% | -0.24% |
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 1.19% | 0.63% |
Correlation
The correlation between FTNY and BSMQ is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTNY vs. BSMQ — Risk / Return Rank
FTNY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSMQ
FTNY vs. BSMQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New York Municipal Income ETF (FTNY) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ). 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.
| FTNY | BSMQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.66 | — |
| Martin ratioReturn relative to average drawdown | — | 25.69 | — |
Loading charts...
Drawdowns
FTNY vs. BSMQ - Drawdown Comparison
The maximum FTNY drawdown since its inception was -3.08%, smaller than the maximum BSMQ drawdown of -13.18%. Use the drawdown chart below to compare losses from any high point for FTNY and BSMQ.
Loading charts...
Drawdown Indicators
| FTNY | BSMQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.08% | -13.18% | +10.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.30% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.50% | — |
Current DrawdownCurrent decline from peak | -1.87% | -0.04% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -3.39% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.11% | — |
Volatility
FTNY vs. BSMQ - Volatility Comparison
Loading charts...
Volatility by Period
| FTNY | BSMQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 1.30% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 2.65% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 4.73% | -0.62% |
FTNY vs. BSMQ - Expense Ratio Comparison
FTNY has a 0.36% expense ratio, which is higher than BSMQ's 0.18% expense ratio.
Dividends
FTNY vs. BSMQ - Dividend Comparison
FTNY's dividend yield for the trailing twelve months is around 3.00%, more than BSMQ's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 2.75% | 2.74% | 2.75% | 2.47% | 1.60% | 1.14% | 1.57% | 0.44% |
FTNY Franklin New York Municipal Income ETF | 3.00% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTNY and BSMQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMQ is cheaper with a 0.18% expense ratio, compared with 0.36% for FTNY.
FTNY has the higher dividend yield at 3.00%, compared with 2.75% for BSMQ.
They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.36% for FTNY and 0.18% for BSMQ.
Find the right allocation for FTNY and BSMQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer