FLMB vs. ACTHX
Compare and contrast key facts about Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Invesco High Yield Municipal Fund (ACTHX).
FLMB is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMB or ACTHX.
Key characteristics
| FLMB | ACTHX | |
|---|---|---|
| YTD Return | 2.69% | 5.16% |
| 1Y Return | 9.96% | 13.52% |
| 3Y Return (Ann) | -0.80% | -1.39% |
| 5Y Return (Ann) | 1.20% | 1.17% |
| Sharpe Ratio | 2.13 | 2.65 |
| Sortino Ratio | 3.15 | 4.09 |
| Omega Ratio | 1.42 | 1.66 |
| Calmar Ratio | 0.84 | 0.84 |
| Martin Ratio | 11.21 | 13.61 |
| Ulcer Index | 0.93% | 0.99% |
| Daily Std Dev | 4.89% | 5.11% |
| Max Drawdown | -17.90% | -27.29% |
| Current Drawdown | -3.65% | -4.70% |
Correlation
The correlation between FLMB and ACTHX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLMB vs. ACTHX - Performance Comparison
In the year-to-date period, FLMB achieves a 2.69% return, which is significantly lower than ACTHX's 5.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLMB vs. ACTHX - Expense Ratio Comparison
FLMB has a 0.30% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Risk-Adjusted Performance
FLMB vs. ACTHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Invesco High Yield Municipal Fund (ACTHX). 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.
Dividends
FLMB vs. ACTHX - Dividend Comparison
FLMB's dividend yield for the trailing twelve months is around 3.75%, less than ACTHX's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLMB Franklin Liberty Federal Tax-Free Bond ETF | 3.75% | 3.49% | 2.81% | 1.66% | 2.08% | 2.40% | 2.68% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
ACTHX Invesco High Yield Municipal Fund | 5.15% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% | 5.91% |
Drawdowns
FLMB vs. ACTHX - Drawdown Comparison
The maximum FLMB drawdown since its inception was -17.90%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for FLMB and ACTHX. For additional features, visit the drawdowns tool.
Volatility
FLMB vs. ACTHX - Volatility Comparison
The current volatility for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) is 2.21%, while Invesco High Yield Municipal Fund (ACTHX) has a volatility of 2.37%. This indicates that FLMB experiences smaller price fluctuations and is considered to be less risky than ACTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.