FLMI vs. CGSM
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and Capital Group Short Duration Municipal Income ETF (CGSM).
FLMI and CGSM 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. CGSM is an actively managed fund by Capital Group. It was launched on Sep 26, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMI or CGSM.
Performance
FLMI vs. CGSM - Performance Comparison
Returns By Period
In the year-to-date period, FLMI achieves a 5.17% return, which is significantly higher than CGSM's 3.67% return.
FLMI
5.17%
-0.59%
3.25%
10.69%
2.38%
N/A
CGSM
3.67%
-0.22%
2.86%
6.11%
N/A
N/A
Key characteristics
| FLMI | CGSM | |
|---|---|---|
| Sharpe Ratio | 2.41 | 3.14 |
| Sortino Ratio | 3.66 | 4.88 |
| Omega Ratio | 1.51 | 1.70 |
| Calmar Ratio | 1.29 | 5.41 |
| Martin Ratio | 18.03 | 19.95 |
| Ulcer Index | 0.59% | 0.31% |
| Daily Std Dev | 4.44% | 1.98% |
| Max Drawdown | -14.66% | -1.15% |
| Current Drawdown | -0.99% | -0.50% |
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FLMI vs. CGSM - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is higher than CGSM's 0.25% expense ratio.
Correlation
The correlation between FLMI and CGSM is 0.55, 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.
Risk-Adjusted Performance
FLMI vs. CGSM - 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 Short Duration Municipal Income ETF (CGSM). 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. CGSM - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 4.04%, more than CGSM's 3.14% 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% |
CGSM Capital Group Short Duration Municipal Income ETF | 3.14% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLMI vs. CGSM - Drawdown Comparison
The maximum FLMI drawdown since its inception was -14.66%, which is greater than CGSM's maximum drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for FLMI and CGSM. For additional features, visit the drawdowns tool.
Volatility
FLMI vs. CGSM - Volatility Comparison
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a higher volatility of 2.03% compared to Capital Group Short Duration Municipal Income ETF (CGSM) at 0.93%. This indicates that FLMI's price experiences larger fluctuations and is considered to be riskier than CGSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.