FLMB vs. RVNU
FLMB (Franklin Liberty Federal Tax-Free Bond ETF) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both Municipal Bonds funds. FLMB is actively managed, while RVNU is passively managed. Over the past 5 years, FLMB returned 0.10%/yr vs -0.74%/yr for RVNU. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FLMB charges 0.30%/yr vs 0.15%/yr for RVNU.
Performance
FLMB vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, FLMB achieves a 0.50% return, which is significantly lower than RVNU's 2.42% return.
FLMB
- 1D
- 0.11%
- 1M
- -2.06%
- 6M
- -0.05%
- YTD
- 0.50%
- 1Y
- 6.42%
- 3Y*
- 3.83%
- 5Y*
- 0.10%
- 10Y*
- —
- ALL TIME*
- 2.13%
RVNU
- 1D
- 0.03%
- 1M
- -2.61%
- 6M
- 1.23%
- YTD
- 2.42%
- 1Y
- 7.68%
- 3Y*
- 3.04%
- 5Y*
- -0.74%
- 10Y*
- 1.66%
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $236.78K | $198.32K | $268.48K | |
| $989.54K | $624.16K | $652.11K |
FLMB vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLMB Franklin Liberty Federal Tax-Free Bond ETF | 0.50% | 3.93% | 2.47% | 7.72% | -12.16% | 0.80% | 7.39% | 8.90% | 0.43% | 0.63% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 2.42% | 0.58% | 1.46% | 11.19% | -16.60% | 2.28% | 6.54% | 10.16% | -0.56% | 2.02% |
Correlation
The correlation between FLMB and RVNU is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2017 | 0.60 |
The correlation between FLMB and RVNU shifts across timeframes, from 0.55 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLMB vs. RVNU — Risk / Return Rank
FLMB
RVNU
FLMB vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLMB | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.92 | -0.94 |
| Martin ratioReturn relative to average drawdown | 6.77 | 9.49 | -2.72 |
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Drawdowns
FLMB vs. RVNU - Drawdown Comparison
The maximum FLMB drawdown since its inception was -17.90%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for FLMB and RVNU.
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Drawdown Indicators
| FLMB | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -23.51% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.64% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.44% | -9.81% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.82% | -23.11% | +5.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.51% | — |
Current DrawdownCurrent decline from peak | -2.14% | -4.02% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -4.95% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.81% | +0.14% |
Volatility
FLMB vs. RVNU - Volatility Comparison
The current volatility for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) is 1.16%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 1.48%. This indicates that FLMB experiences smaller price fluctuations and is considered to be less risky than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLMB | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.48% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 3.70% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 4.98% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.13% | 7.22% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 7.25% | -1.71% |
FLMB vs. RVNU - Expense Ratio Comparison
FLMB has a 0.30% expense ratio, which is higher than RVNU's 0.15% expense ratio.
Dividends
FLMB vs. RVNU - Dividend Comparison
FLMB's dividend yield for the trailing twelve months is around 4.13%, more than RVNU's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLMB Franklin Liberty Federal Tax-Free Bond ETF | 4.13% | 3.86% | 3.79% | 3.49% | 2.80% | 1.66% | 2.07% | 2.40% | 2.68% | 0.54% | 0.00% | 0.00% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.63% | 3.46% | 3.06% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% |
Frequently Asked Questions
FLMB and RVNU have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.48%) compared to FLMB (1.16%). In terms of maximum drawdown, FLMB dropped -17.90% vs RVNU's -23.51%.
On 5-year performance, FLMB leads with 0.10% vs -0.74% for RVNU. On fees, RVNU is cheaper at 0.15% per year. On volatility, FLMB has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLMB has performed better with a 0.10% return vs -0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RVNU is cheaper with a 0.15% expense ratio, compared with 0.30% for FLMB.
FLMB has the higher dividend yield at 4.13%, compared with 3.63% for RVNU.
They also come from different issuers: Franklin Templeton and Deutsche Bank. Their fees differ too: 0.30% for FLMB and 0.15% for RVNU.
FLMB currently has the higher Sharpe Ratio (1.85 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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