FLMB vs. XLEI
FLMB (Franklin Liberty Federal Tax-Free Bond ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both exchange-traded funds - FLMB is a Municipal Bonds fund actively managed by Franklin Templeton, while XLEI is a Energy Equities fund tracking the S&P Energy Select Sector. FLMB is actively managed, while XLEI is passively managed. Over the past year, FLMB returned 6.42% vs 33.89% for XLEI. Their -0.28 correlation means they have often moved in opposite directions in the past. FLMB charges 0.30%/yr vs 0.35%/yr for XLEI.
Performance
FLMB vs. XLEI - 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 XLEI's 23.20% 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%
XLEI
- 1D
- -1.09%
- 1M
- 9.69%
- 6M
- 15.25%
- YTD
- 23.20%
- 1Y
- 33.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $236.78K | $198.32K | $268.48K | |
| $1.68M | $1.45M | $1.33M |
FLMB vs. XLEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLMB Franklin Liberty Federal Tax-Free Bond ETF | 0.50% | 6.63% |
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 23.20% | 6.17% |
Correlation
The correlation between FLMB and XLEI is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.28 |
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Return for Risk
FLMB vs. XLEI — Risk / Return Rank
FLMB
XLEI
FLMB vs. XLEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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 | XLEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.16 | -2.17 |
| Martin ratioReturn relative to average drawdown | 6.77 | 12.51 | -5.73 |
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Drawdowns
FLMB vs. XLEI - Drawdown Comparison
The maximum FLMB drawdown since its inception was -17.90%, which is greater than XLEI's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for FLMB and XLEI.
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Drawdown Indicators
| FLMB | XLEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -8.19% | -9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -8.19% | +4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -6.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.82% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | -1.09% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -1.83% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.72% | -1.77% |
Volatility
FLMB vs. XLEI - Volatility Comparison
The current volatility for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) is 1.16%, while State Street Energy Select Sector SPDR Premium Income ETF (XLEI) has a volatility of 4.27%. This indicates that FLMB experiences smaller price fluctuations and is considered to be less risky than XLEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLMB | XLEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 4.27% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 11.31% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 14.02% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.13% | 14.04% | -8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 14.04% | -8.50% |
FLMB vs. XLEI - Expense Ratio Comparison
FLMB has a 0.30% expense ratio, which is lower than XLEI's 0.35% expense ratio.
Dividends
FLMB vs. XLEI - Dividend Comparison
FLMB's dividend yield for the trailing twelve months is around 4.13%, less than XLEI's 20.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XLEI State Street Energy Select Sector SPDR Premium Income ETF | 20.29% | 10.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLMB and XLEI have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLEI has higher volatility (4.27%) compared to FLMB (1.16%). In terms of maximum drawdown, FLMB dropped -17.90% vs XLEI's -8.19%.
On 1-year performance, XLEI leads with 33.89% vs 6.42% for FLMB. On fees, FLMB is cheaper at 0.30% 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 1-year period, XLEI has performed better with a 33.89% return vs 6.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLMB is cheaper with a 0.30% expense ratio, compared with 0.35% for XLEI.
XLEI has the higher dividend yield at 20.29%, compared with 4.13% for FLMB.
FLMB is categorized as Municipal Bonds, while XLEI is Energy Equities. They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.30% for FLMB and 0.35% for XLEI.
XLEI currently has the higher Sharpe Ratio (2.43 vs 1.85), 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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