FLMI vs. FBNDX
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and Fidelity Investment Grade Bond Fund (FBNDX).
FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMI or FBNDX.
Performance
FLMI vs. FBNDX - Performance Comparison
Returns By Period
In the year-to-date period, FLMI achieves a 5.17% return, which is significantly higher than FBNDX's 1.93% return.
FLMI
5.17%
-0.59%
3.25%
10.69%
2.38%
N/A
FBNDX
1.93%
-1.61%
2.82%
6.83%
-0.10%
1.65%
Key characteristics
| FLMI | FBNDX | |
|---|---|---|
| Sharpe Ratio | 2.41 | 1.12 |
| Sortino Ratio | 3.66 | 1.67 |
| Omega Ratio | 1.51 | 1.20 |
| Calmar Ratio | 1.29 | 0.42 |
| Martin Ratio | 18.03 | 3.72 |
| Ulcer Index | 0.59% | 1.75% |
| Daily Std Dev | 4.44% | 5.83% |
| Max Drawdown | -14.66% | -20.16% |
| Current Drawdown | -0.99% | -9.70% |
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FLMI vs. FBNDX - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Correlation
The correlation between FLMI and FBNDX 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. FBNDX - 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 Fidelity Investment Grade Bond Fund (FBNDX). 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. FBNDX - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 4.04%, more than FBNDX's 3.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.91% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
FLMI vs. FBNDX - Drawdown Comparison
The maximum FLMI drawdown since its inception was -14.66%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for FLMI and FBNDX. For additional features, visit the drawdowns tool.
Volatility
FLMI vs. FBNDX - Volatility Comparison
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a higher volatility of 2.03% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.65%. This indicates that FLMI's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.