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. At a 0.08 correlation, their price movements are largely independent. 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 2.52% return, which is significantly higher than EZBC's -31.15% return.
FTNY
- 1D
- -0.13%
- 1M
- 0.70%
- YTD
- 2.52%
- 6M
- 2.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZBC
- 1D
- -5.09%
- 1M
- -26.01%
- YTD
- -31.15%
- 6M
- -32.61%
- 1Y
- -40.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTNY vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTNY Franklin New York Municipal Income ETF | 2.52% | -0.24% |
EZBC Franklin Bitcoin ETF | -31.15% | -23.99% |
Correlation
The correlation between FTNY and EZBC is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.08 |
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Return for Risk
FTNY vs. EZBC — Risk / Return Rank
FTNY
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FTNY | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.22 | +0.73 |
Drawdowns
FTNY vs. EZBC - Drawdown Comparison
The maximum FTNY drawdown since its inception was -3.08%, smaller than the maximum EZBC drawdown of -52.07%. 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% | -52.07% | +48.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.07% | — |
Current DrawdownCurrent decline from peak | -0.13% | -52.07% | +51.94% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -16.13% | +15.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.78% | — |
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 | — | 9.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 43.97% | -39.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 50.12% | -46.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 50.12% | -46.11% |
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 2.24%, 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 | 2.24% | 0.72% |
Frequently Asked Questions
FTNY and EZBC have a correlation of 0.08, 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 2.24%, 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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