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CGMU vs. FLMI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CGMU and FLMI is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

CGMU vs. FLMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Municipal Income ETF (CGMU) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). The values are adjusted to include any dividend payments, if applicable.

12.00%14.00%16.00%18.00%20.00%22.00%December2025FebruaryMarchAprilMay
14.45%
18.77%
CGMU
FLMI

Key characteristics

Sharpe Ratio

CGMU:

0.62

FLMI:

0.75

Sortino Ratio

CGMU:

0.84

FLMI:

1.02

Omega Ratio

CGMU:

1.13

FLMI:

1.15

Calmar Ratio

CGMU:

0.69

FLMI:

0.85

Martin Ratio

CGMU:

2.24

FLMI:

3.15

Ulcer Index

CGMU:

1.12%

FLMI:

1.26%

Daily Std Dev

CGMU:

4.02%

FLMI:

5.32%

Max Drawdown

CGMU:

-4.11%

FLMI:

-14.66%

Current Drawdown

CGMU:

-1.83%

FLMI:

-1.85%

Returns By Period

In the year-to-date period, CGMU achieves a -0.08% return, which is significantly lower than FLMI's 0.24% return.


CGMU

YTD

-0.08%

1M

0.42%

6M

1.15%

1Y

2.08%

5Y*

N/A

10Y*

N/A

FLMI

YTD

0.24%

1M

0.43%

6M

0.98%

1Y

3.45%

5Y*

2.84%

10Y*

N/A

*Annualized

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CGMU vs. FLMI - Expense Ratio Comparison

CGMU has a 0.27% expense ratio, which is lower than FLMI's 0.30% expense ratio.


Risk-Adjusted Performance

CGMU vs. FLMI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGMU
The Risk-Adjusted Performance Rank of CGMU is 6363
Overall Rank
The Sharpe Ratio Rank of CGMU is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of CGMU is 5757
Sortino Ratio Rank
The Omega Ratio Rank of CGMU is 6161
Omega Ratio Rank
The Calmar Ratio Rank of CGMU is 7272
Calmar Ratio Rank
The Martin Ratio Rank of CGMU is 6363
Martin Ratio Rank

FLMI
The Risk-Adjusted Performance Rank of FLMI is 7171
Overall Rank
The Sharpe Ratio Rank of FLMI is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of FLMI is 6565
Sortino Ratio Rank
The Omega Ratio Rank of FLMI is 6868
Omega Ratio Rank
The Calmar Ratio Rank of FLMI is 7878
Calmar Ratio Rank
The Martin Ratio Rank of FLMI is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CGMU vs. FLMI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Municipal Income ETF (CGMU) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). 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.


The current CGMU Sharpe Ratio is 0.62, which is comparable to the FLMI Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of CGMU and FLMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50December2025FebruaryMarchAprilMay
0.52
0.66
CGMU
FLMI

Dividends

CGMU vs. FLMI - Dividend Comparison

CGMU's dividend yield for the trailing twelve months is around 3.27%, less than FLMI's 4.12% yield.


TTM20242023202220212020201920182017
CGMU
Capital Group Municipal Income ETF
3.27%3.21%3.08%0.49%0.00%0.00%0.00%0.00%0.00%
FLMI
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF
4.12%4.08%3.71%3.09%2.22%2.09%2.71%2.41%0.00%

Drawdowns

CGMU vs. FLMI - Drawdown Comparison

The maximum CGMU drawdown since its inception was -4.11%, smaller than the maximum FLMI drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for CGMU and FLMI. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-1.83%
-1.85%
CGMU
FLMI

Volatility

CGMU vs. FLMI - Volatility Comparison

The current volatility for Capital Group Municipal Income ETF (CGMU) is 1.97%, while Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a volatility of 2.77%. This indicates that CGMU experiences smaller price fluctuations and is considered to be less risky than FLMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%December2025FebruaryMarchAprilMay
1.97%
2.77%
CGMU
FLMI