FTPA vs. HYMB
FTPA (Franklin Pennsylvania Municipal Income ETF) and HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) are both Municipal Bonds funds. FTPA is actively managed, while HYMB is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
FTPA vs. HYMB - Performance Comparison
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Returns By Period
In the year-to-date period, FTPA achieves a 2.33% return, which is significantly lower than HYMB's 2.87% return.
FTPA
- 1D
- -0.23%
- 1M
- 0.53%
- YTD
- 2.33%
- 6M
- 2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB
- 1D
- -0.20%
- 1M
- 0.62%
- YTD
- 2.87%
- 6M
- 3.06%
- 1Y
- 7.39%
- 3Y*
- 5.06%
- 5Y*
- 0.42%
- 10Y*
- 2.44%
FTPA vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTPA Franklin Pennsylvania Municipal Income ETF | 2.33% | 0.24% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 2.87% | 0.01% |
Correlation
The correlation between FTPA and HYMB is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025 | 0.68 |
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Return for Risk
FTPA vs. HYMB — Risk / Return Rank
FTPA
HYMB
FTPA vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Pennsylvania Municipal Income ETF (FTPA) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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
| FTPA | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.83 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 0.45 | +0.69 |
Drawdowns
FTPA vs. HYMB - Drawdown Comparison
The maximum FTPA drawdown since its inception was -2.96%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for FTPA and HYMB.
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Drawdown Indicators
| FTPA | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.96% | -29.57% | +26.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.20% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -3.80% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
FTPA vs. HYMB - Volatility Comparison
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Volatility by Period
| FTPA | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 4.06% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.08% | 6.66% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 11.35% | -7.27% |
FTPA vs. HYMB - Expense Ratio Comparison
Both FTPA and HYMB have an expense ratio of 0.35%.
Dividends
FTPA vs. HYMB - Dividend Comparison
FTPA's dividend yield for the trailing twelve months is around 2.08%, less than HYMB's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTPA Franklin Pennsylvania Municipal Income ETF | 2.08% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.54% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
Frequently Asked Questions
FTPA and HYMB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FTPA and HYMB have the same expense ratio: 0.35% per year.
HYMB has the higher dividend yield at 4.54%, compared with 2.08% for FTPA.
They also come from different issuers: Franklin Templeton and State Street.
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