FLMI vs. CGMU
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and Capital Group Municipal Income ETF (CGMU).
FLMI and CGMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017. CGMU is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMI or CGMU.
Performance
FLMI vs. CGMU - Performance Comparison
Returns By Period
In the year-to-date period, FLMI achieves a 5.17% return, which is significantly higher than CGMU's 2.91% return.
FLMI
5.17%
-0.59%
3.25%
10.69%
2.38%
N/A
CGMU
2.91%
-0.42%
2.54%
6.84%
N/A
N/A
Key characteristics
| FLMI | CGMU | |
|---|---|---|
| Sharpe Ratio | 2.41 | 2.10 |
| Sortino Ratio | 3.66 | 3.07 |
| Omega Ratio | 1.51 | 1.44 |
| Calmar Ratio | 1.29 | 2.96 |
| Martin Ratio | 18.03 | 11.99 |
| Ulcer Index | 0.59% | 0.61% |
| Daily Std Dev | 4.44% | 3.47% |
| Max Drawdown | -14.66% | -4.10% |
| Current Drawdown | -0.99% | -1.00% |
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FLMI vs. CGMU - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is higher than CGMU's 0.27% expense ratio.
Correlation
The correlation between FLMI and CGMU is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FLMI vs. CGMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and Capital Group Municipal Income ETF (CGMU). 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
FLMI vs. CGMU - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 4.04%, more than CGMU's 3.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 4.04% | 3.71% | 3.09% | 2.22% | 2.09% | 2.71% | 2.41% | 0.00% |
CGMU Capital Group Municipal Income ETF | 3.19% | 3.09% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLMI vs. CGMU - Drawdown Comparison
The maximum FLMI drawdown since its inception was -14.66%, which is greater than CGMU's maximum drawdown of -4.10%. Use the drawdown chart below to compare losses from any high point for FLMI and CGMU. For additional features, visit the drawdowns tool.
Volatility
FLMI vs. CGMU - Volatility Comparison
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and Capital Group Municipal Income ETF (CGMU) have volatilities of 2.03% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.