FLMB vs FMHI
Franklin Municipal Green Bond ETF vs First Trust Municipal High Income ETF
Which is better, FLMB or FMHI?
FMHI has been ahead.
FLMB has a lower expense ratio. FMHI led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLMB | FMHI |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.49% |
| AUM | $54M | $1.0B |
| Dividend Yield | 4.40% | 4.67% |
| Holdings | 77 | 1,524 |
| YTD Return | -4.44% | -3.03%Best |
| 1Y Return | -3.50% | -2.16%Best |
| 3Y Return (annualized) | +3.41% | +4.19%Best |
| 5Y Return (annualized) | -0.57% | -0.40%Best |
| Volatility (annualized) | 6.9%Best | 7.3% |
| Max Drawdown | -17.9%Best | -18.8% |
| $10,000 over 5 years | $9,718 | $9,802Best |
| Fund Family | Franklin Templeton Investments (US) | First Trust Portfolios (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Aug 31, 2017 | Nov 2, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2017 to Oct 14, 2026 (8.9 years).
FLMB vs FMHI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.9 years both funds cover.
FLMB vs FMHI Performance
Franklin Municipal Green Bond ETF (FLMB) is an ETF from Franklin Templeton Investments (US) and First Trust Municipal High Income ETF (FMHI) is an ETF from First Trust Portfolios (US). Over the past year FLMB returned -3.50% while FMHI returned -2.16%. Year to date, FLMB is down 4.44% versus a loss of 3.03% for FMHI.
Over three years, FLMB compounded at +3.41% per year against +4.19% for FMHI; over five years the annualized figures are -0.57% and -0.40% respectively. Across the full 9-year window we track, FMHI has the edge at +1.18% annualized vs +0.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMHI has been the more volatile fund, with annualized monthly volatility of 7.3% compared with 6.9% for FLMB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.9% for FLMB and -18.8% for FMHI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLMB charges 0.30% per year while FMHI charges 0.49%. On a $10,000 position that is $30 vs $49 annually, a gap of $19 per year that compounds over a long holding period. On income, FLMB currently yields 4.40% against 4.67% for FMHI.
Holdings Overlap
We hold position weights for 21 holdings in FLMB and 2 in FMHI, totalling 43.7% and 0.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 21 positions we hold weights for in FLMB and 2 in FMHI, against full books of 77 and 1,524.
You are not choosing between two funds in isolation.
Whichever of FLMB and FMHI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLMB or FMHI?
FLMB has an expense ratio of 0.30% while FMHI charges 0.49%. FLMB is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, FLMB or FMHI?
Over the past year FLMB returned -3.50% vs -2.16% for FMHI, so FMHI leads on 1-year performance. Over the longest common window we track (9 years), FLMB annualized +0.69% vs +1.18% for FMHI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMB or FMHI?
FMHI has been the more volatile fund at 7.3% annualized versus 6.9% for FLMB. Worst drawdown: FLMB -17.9% vs FMHI -18.8%.
Should I hold both FLMB and FMHI?
FLMB and FMHI have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLMB or FMHI?
FLMB yields 4.40% while FMHI yields 4.67%, so FMHI currently pays the higher dividend yield.
Is FMHI better than FLMB?
FLMB has a lower expense ratio. FMHI led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.