FLMI vs. JMUB
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and JPMorgan Municipal ETF (JMUB).
FLMI and JMUB 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. JMUB is an actively managed fund by JPMorgan. It was launched on Oct 29, 2018.
Performance
FLMI vs. JMUB - Performance Comparison
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FLMI vs. JMUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 0.43% | 5.89% | 4.91% | 7.89% | -10.23% | 4.06% | 6.11% | 6.71% | 1.79% |
JMUB JPMorgan Municipal ETF | -0.10% | 4.34% | 1.88% | 5.96% | -7.43% | 1.58% | 4.98% | 8.37% | 2.81% |
Returns By Period
In the year-to-date period, FLMI achieves a 0.43% return, which is significantly higher than JMUB's -0.10% return.
FLMI
- 1D
- 0.15%
- 1M
- -1.90%
- YTD
- 0.43%
- 6M
- 1.90%
- 1Y
- 5.24%
- 3Y*
- 5.35%
- 5Y*
- 2.25%
- 10Y*
- —
JMUB
- 1D
- 0.34%
- 1M
- -1.69%
- YTD
- -0.10%
- 6M
- 1.16%
- 1Y
- 3.66%
- 3Y*
- 3.19%
- 5Y*
- 1.25%
- 10Y*
- —
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FLMI vs. JMUB - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is higher than JMUB's 0.18% expense ratio.
Return for Risk
FLMI vs. JMUB — Risk / Return Rank
FLMI
JMUB
FLMI vs. JMUB - 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 JPMorgan Municipal ETF (JMUB). 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 | JMUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.08 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.38 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.15 | +0.21 |
Martin ratioReturn relative to average drawdown | 4.98 | 4.30 | +0.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLMI | JMUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.08 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.38 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.70 | -0.09 |
Correlation
The correlation between FLMI and JMUB is 0.66, 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. JMUB - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 3.94%, more than JMUB's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 3.94% | 3.89% | 4.08% | 3.71% | 3.08% | 2.22% | 2.09% | 2.71% | 2.41% | 0.34% |
JMUB JPMorgan Municipal ETF | 3.60% | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 0.00% |
Drawdowns
FLMI vs. JMUB - Drawdown Comparison
The maximum FLMI drawdown since its inception was -14.66%, which is greater than JMUB's maximum drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for FLMI and JMUB.
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Drawdown Indicators
| FLMI | JMUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.66% | -12.50% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -3.47% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -14.66% | -12.06% | -2.60% |
Current DrawdownCurrent decline from peak | -2.16% | -1.93% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -2.54% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.93% | +0.21% |
Volatility
FLMI vs. JMUB - Volatility Comparison
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a higher volatility of 1.38% compared to JPMorgan Municipal ETF (JMUB) at 1.23%. This indicates that FLMI's price experiences larger fluctuations and is considered to be riskier than JMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLMI | JMUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.23% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.67% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 3.41% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 3.30% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 4.17% | +0.58% |