FLMI vs. AMHIX
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and American High-Income Municipal Bond Fund (AMHIX).
FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017. AMHIX is managed by American Funds. It was launched on Sep 25, 1994.
Performance
FLMI vs. AMHIX - Performance Comparison
Loading graphics...
FLMI vs. AMHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 0.28% | 5.89% | 4.91% | 7.89% | -10.23% | 4.06% | 6.11% | 6.71% | 0.29% | -0.02% |
AMHIX American High-Income Municipal Bond Fund | -0.51% | 5.70% | 6.19% | 7.18% | -12.59% | 5.28% | 4.39% | 8.88% | 1.59% | 1.48% |
Returns By Period
In the year-to-date period, FLMI achieves a 0.28% return, which is significantly higher than AMHIX's -0.51% return.
FLMI
- 1D
- 0.28%
- 1M
- -2.31%
- YTD
- 0.28%
- 6M
- 1.94%
- 1Y
- 5.54%
- 3Y*
- 5.30%
- 5Y*
- 2.22%
- 10Y*
- —
AMHIX
- 1D
- 0.07%
- 1M
- -2.70%
- YTD
- -0.51%
- 6M
- 1.18%
- 1Y
- 3.94%
- 3Y*
- 5.30%
- 5Y*
- 1.65%
- 10Y*
- 3.20%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLMI vs. AMHIX - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
Return for Risk
FLMI vs. AMHIX — Risk / Return Rank
FLMI
AMHIX
FLMI vs. AMHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and American High-Income Municipal Bond Fund (AMHIX). 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.
| FLMI | AMHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 0.77 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.04 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.94 | +0.45 |
Martin ratioReturn relative to average drawdown | 5.10 | 3.04 | +2.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FLMI | AMHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.77 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.35 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.39 | -0.78 |
Correlation
The correlation between FLMI and AMHIX is 0.58, 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.
Dividends
FLMI vs. AMHIX - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 3.93%, less than AMHIX's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 3.93% | 3.89% | 4.08% | 3.71% | 3.08% | 2.22% | 2.09% | 2.71% | 2.41% | 0.34% | 0.00% | 0.00% |
AMHIX American High-Income Municipal Bond Fund | 4.03% | 5.26% | 3.80% | 3.10% | 2.53% | 3.23% | 3.40% | 3.46% | 3.67% | 4.01% | 3.55% | 4.03% |
Drawdowns
FLMI vs. AMHIX - Drawdown Comparison
The maximum FLMI drawdown since its inception was -14.66%, smaller than the maximum AMHIX drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for FLMI and AMHIX.
Loading graphics...
Drawdown Indicators
| FLMI | AMHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.66% | -21.74% | +7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -5.60% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -14.66% | -17.81% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.81% | — |
Current DrawdownCurrent decline from peak | -2.31% | -2.70% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -2.13% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.72% | -0.58% |
Volatility
FLMI vs. AMHIX - Volatility Comparison
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a higher volatility of 1.42% compared to American High-Income Municipal Bond Fund (AMHIX) at 1.08%. This indicates that FLMI's price experiences larger fluctuations and is considered to be riskier than AMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FLMI | AMHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.08% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 1.84% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 6.43% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 4.80% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 4.51% | +0.24% |