FLMB vs MINO
Franklin Municipal Green Bond ETF vs PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Which is better, FLMB or MINO?
Nearly the same fund. FLMB costs less.
FLMB has a lower expense ratio. MINO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | MINO |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.39% |
| AUM | $54M | $850M |
| Dividend Yield | 4.40% | 4.17% |
| Holdings | 77 | 1,083 |
| YTD Return | -4.44% | -2.95%Best |
| 1Y Return | -3.50% | -2.10%Best |
| 3Y Return (annualized) | +3.41% | +3.99%Best |
| 5Y Return (annualized) | -0.57% | +0.59%Best |
| Volatility (annualized) | 8.2% | 6.8%Best |
| Max Drawdown | -17.4% | -15.2%Best |
| $10,000 over 5 years | $9,718 | $10,299Best |
| Fund Family | Franklin Templeton Investments (US) | PIMCO (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Aug 31, 2017 | Sep 8, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2021 to Oct 14, 2026 (5.1 years).
FLMB vs MINO 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 5.1 years both funds cover.
FLMB vs MINO Performance
Franklin Municipal Green Bond ETF (FLMB) is an ETF from Franklin Templeton Investments (US) and PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an ETF from PIMCO (US). Over the past year FLMB returned -3.50% while MINO returned -2.10%. Year to date, FLMB is down 4.44% versus a loss of 2.95% for MINO.
Over three years, FLMB compounded at +3.41% per year against +3.99% for MINO; over five years the annualized figures are -0.57% and +0.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLMB has been the more volatile fund, with annualized monthly volatility of 8.2% compared with 6.8% for MINO. 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 -17.4% for FLMB and -15.2% for MINO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLMB charges 0.30% per year while MINO charges 0.39%. On a $10,000 position that is $30 vs $39 annually, a gap of $9 per year that compounds over a long holding period. On income, FLMB currently yields 4.40% against 4.17% for MINO.
Holdings Overlap
We hold position weights for 21 holdings in FLMB and 226 in MINO, totalling 43.7% and 33.7% 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, 4 positions appear in both.
4 positions in common, counted across the 21 positions we hold weights for in FLMB and 226 in MINO, against full books of 77 and 1,083.
Top Shared Holdings
| Stock | Weight in FLMB | Weight in MINO | Difference |
|---|---|---|---|
| CA CCEDEV 02/01/2054California Community Choice Fi Ccedev 02/54 Adjustable Var 5 02-01-2054 | 4.75% | 0.06% | 4.69% |
| CA CCEDEV 10/01/2054CALIFORNIA VAR 10/54 | 1.91% | 0.03% | 1.88% |
| WI UNVMED 4 04/01/20Univ Hosps Clinics Auth Wi | 1.78% | 0.09% | 1.69% |
| CA CCEDEV 11/01/2054California Cmnty Choice Fing A Ccedev 11/54 Adjustable Var 1 | 0.96% | 0.10% | 0.86% |
You are not choosing between two funds in isolation.
Whichever of FLMB and MINO 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 MINO?
FLMB has an expense ratio of 0.30% while MINO charges 0.39%. FLMB is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, FLMB or MINO?
Over the past year FLMB returned -3.50% vs -2.10% for MINO, so MINO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMB or MINO?
FLMB has been the more volatile fund at 8.2% annualized versus 6.8% for MINO. Worst drawdown: FLMB -17.4% vs MINO -15.2%.
Should I hold both FLMB and MINO?
FLMB and MINO have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FLMB or MINO?
FLMB yields 4.40% while MINO yields 4.17%, so FLMB currently pays the higher dividend yield.
Is MINO better than FLMB?
FLMB has a lower expense ratio. MINO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.