FLMB vs KTF
Franklin Municipal Green Bond ETF vs DWS Municipal Income Trust
Which is better, FLMB or KTF?
Each has led over a different period.
FLMB led over 1Y, 5Y and the full window, KTF over 3Y.
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 | KTF |
|---|---|---|
| Expense Ratio | 0.30% | - |
| AUM | $54M | $321M |
| Dividend Yield | 4.40% | 9.36% |
| Holdings | 77 | 232 |
| YTD Return | -4.44%Best | -6.11% |
| 1Y Return | -3.50%Best | -5.53% |
| 3Y Return (annualized) | +3.41% | +9.12%Best |
| 5Y Return (annualized) | -0.57%Best | -1.77% |
| Volatility (annualized) | 6.9%Best | 12.5% |
| Max Drawdown | -17.9%Best | -36.4% |
| $10,000 over 5 years | $9,718Best | $9,146 |
| Fund Family | Franklin Templeton Investments (US) | DWS |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Aug 31, 2017 | Oct 20, 1988 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 5, 2017 to Oct 14, 2026 (9.1 years).
FLMB vs KTF 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 9.1 years both funds cover.
FLMB vs KTF Performance
Franklin Municipal Green Bond ETF (FLMB) is an ETF from Franklin Templeton Investments (US) and DWS Municipal Income Trust (KTF) is an ETF from DWS. Over the past year FLMB returned -3.50% while KTF returned -5.53%. Year to date, FLMB is down 4.44% versus a loss of 6.11% for KTF.
Over three years, FLMB compounded at +3.41% per year against +9.12% for KTF; over five years the annualized figures are -0.57% and -1.77% respectively. Across the full 9-year window we track, FLMB has the edge at +0.65% annualized vs -1.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KTF has been the more volatile fund, with annualized monthly volatility of 12.5% 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 -36.4% for KTF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
We hold position weights for 21 holdings in FLMB and 105 in KTF, totalling 43.7% and 40.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 63 days apart, FLMB as of Oct 2, 2026 and KTF as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 21 positions we hold weights for in FLMB and 105 in KTF, against full books of 77 and 232.
Top Shared Holdings
| Stock | Weight in FLMB | Weight in KTF | Difference |
|---|---|---|---|
| NY MTATRN 5 11/15/20Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green Clima 11/15/2032 | 0.21% | 0.37% | 0.16% |
You are not choosing between two funds in isolation.
Whichever of FLMB and KTF 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 performed better, FLMB or KTF?
Over the past year FLMB returned -3.50% vs -5.53% for KTF, so FLMB leads on 1-year performance. Over the longest common window we track (9 years), FLMB annualized +0.65% vs -1.67% for KTF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMB or KTF?
KTF has been the more volatile fund at 12.5% annualized versus 6.9% for FLMB. Worst drawdown: FLMB -17.9% vs KTF -36.4%.
Should I hold both FLMB and KTF?
FLMB and KTF have a monthly-return correlation of 0.87, 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 KTF?
FLMB yields 4.40% while KTF yields 9.36%, so KTF currently pays the higher dividend yield.
Is KTF better than FLMB?
FLMB led over 1Y, 5Y and the full window, KTF over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.