FTNY vs. EZBC
FTNY (Franklin New York Municipal Income ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FTNY is a Municipal Bonds fund actively managed by Franklin Templeton, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. FTNY is actively managed, while EZBC is passively managed. Their 0.10 correlation means their historical movements had little consistent relationship. FTNY charges 0.36%/yr vs 0.19%/yr for EZBC.
Performance
FTNY vs. EZBC - Performance Comparison
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Returns By Period
In the year-to-date period, FTNY achieves a 1.56% return, which is significantly higher than EZBC's -25.97% return.
FTNY
- 1D
- 0.13%
- 1M
- -1.87%
- 6M
- 0.73%
- YTD
- 1.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EZBC
- 1D
- 0.94%
- 1M
- 1.74%
- 6M
- -11.68%
- YTD
- -25.97%
- 1Y
- -43.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.02M | $3.97M | $6.71M | |
| $1.07M | $1.35M | $1.42M |
FTNY vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTNY Franklin New York Municipal Income ETF | 1.56% | -0.24% |
EZBC Franklin Bitcoin ETF | -25.97% | -21.00% |
Correlation
The correlation between FTNY and EZBC is 0.10, 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 | 0.10 |
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Return for Risk
FTNY vs. EZBC — Risk / Return Rank
FTNY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EZBC
FTNY vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New York Municipal Income ETF (FTNY) and Franklin Bitcoin ETF (EZBC). 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 | EZBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.81 | — |
| Martin ratioReturn relative to average drawdown | — | -1.23 | — |
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Drawdowns
FTNY vs. EZBC - Drawdown Comparison
The maximum FTNY drawdown since its inception was -3.08%, smaller than the maximum EZBC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for FTNY and EZBC.
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Drawdown Indicators
| FTNY | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.08% | -53.35% | +50.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.35% | — |
Current DrawdownCurrent decline from peak | -1.87% | -48.47% | +46.60% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -18.42% | +17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 35.05% | — |
Volatility
FTNY vs. EZBC - Volatility Comparison
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Volatility by Period
| FTNY | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 44.29% | -40.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 49.42% | -45.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 49.42% | -45.31% |
FTNY vs. EZBC - Expense Ratio Comparison
FTNY has a 0.36% expense ratio, which is higher than EZBC's 0.19% expense ratio.
Dividends
FTNY vs. EZBC - Dividend Comparison
FTNY's dividend yield for the trailing twelve months is around 3.00%, while EZBC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% |
FTNY Franklin New York Municipal Income ETF | 3.00% | 0.72% |
Frequently Asked Questions
FTNY and EZBC have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.36% for FTNY.
FTNY has the higher dividend yield at 3.00%, compared with 0.00% for EZBC.
FTNY is categorized as Municipal Bonds, while EZBC is Cryptocurrency. Their fees differ too: 0.36% for FTNY and 0.19% for EZBC.
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