FLMI vs. JMST
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
FLMI and JMST 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. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMI or JMST.
Correlation
The correlation between FLMI and JMST is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLMI vs. JMST - Performance Comparison
Key characteristics
FLMI:
1.23
JMST:
4.48
FLMI:
1.82
JMST:
7.76
FLMI:
1.24
JMST:
2.08
FLMI:
1.30
JMST:
19.70
FLMI:
8.53
JMST:
83.18
FLMI:
0.64%
JMST:
0.04%
FLMI:
4.41%
JMST:
0.74%
FLMI:
-14.66%
JMST:
-2.41%
FLMI:
-2.07%
JMST:
-0.14%
Returns By Period
In the year-to-date period, FLMI achieves a 4.67% return, which is significantly higher than JMST's 3.14% return.
FLMI
4.67%
-1.04%
1.91%
5.06%
2.30%
N/A
JMST
3.14%
0.15%
1.78%
3.26%
1.83%
N/A
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FLMI vs. JMST - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is higher than JMST's 0.18% expense ratio.
Risk-Adjusted Performance
FLMI vs. JMST - 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 JPMorgan Ultra-Short Municipal Income ETF (JMST). 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. JMST - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 3.70%, more than JMST's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 3.70% | 3.71% | 3.09% | 2.22% | 2.09% | 2.71% | 2.41% | 0.00% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.35% | 3.09% | 1.11% | 0.27% | 0.87% | 1.63% | 0.34% | 0.00% |
Drawdowns
FLMI vs. JMST - Drawdown Comparison
The maximum FLMI drawdown since its inception was -14.66%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for FLMI and JMST. For additional features, visit the drawdowns tool.
Volatility
FLMI vs. JMST - Volatility Comparison
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a higher volatility of 1.50% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.18%. This indicates that FLMI's price experiences larger fluctuations and is considered to be riskier than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.