FLMI vs. NEARX
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and U.S. Global Investors Near-Term Tax Free Fund (NEARX).
FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017. NEARX is managed by US Global. It was launched on Dec 3, 1990.
Performance
FLMI vs. NEARX - Performance Comparison
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FLMI vs. NEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.29% | -0.02% |
NEARX U.S. Global Investors Near-Term Tax Free Fund | -0.09% | 3.47% | 2.19% | 3.04% | -5.25% | -0.46% | 2.94% | 2.40% | 1.58% | -0.47% |
Returns By Period
In the year-to-date period, FLMI achieves a 0.43% return, which is significantly higher than NEARX's -0.09% return.
FLMI
- 1D
- 0.15%
- 1M
- -1.90%
- YTD
- 0.43%
- 6M
- 1.90%
- 1Y
- 5.24%
- 3Y*
- 5.35%
- 5Y*
- 2.25%
- 10Y*
- —
NEARX
- 1D
- 0.00%
- 1M
- -0.94%
- YTD
- -0.09%
- 6M
- 0.07%
- 1Y
- 2.28%
- 3Y*
- 2.54%
- 5Y*
- 0.66%
- 10Y*
- 1.01%
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FLMI vs. NEARX - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is lower than NEARX's 0.45% expense ratio.
Return for Risk
FLMI vs. NEARX — Risk / Return Rank
FLMI
NEARX
FLMI vs. NEARX - 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 U.S. Global Investors Near-Term Tax Free Fund (NEARX). 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 | NEARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.87 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.35 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.75 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.98 | 5.59 | -0.60 |
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 | NEARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.87 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.26 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.03 | +0.58 |
Correlation
The correlation between FLMI and NEARX is 0.24, 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.
Dividends
FLMI vs. NEARX - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 3.94%, more than NEARX's 2.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
NEARX U.S. Global Investors Near-Term Tax Free Fund | 2.26% | 2.45% | 2.65% | 2.50% | 1.10% | 0.88% | 1.10% | 1.46% | 2.01% | 1.47% | 1.36% | 1.83% |
Drawdowns
FLMI vs. NEARX - Drawdown Comparison
The maximum FLMI drawdown since its inception was -14.66%, smaller than the maximum NEARX drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for FLMI and NEARX.
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Drawdown Indicators
| FLMI | NEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.66% | -80.12% | +65.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -1.42% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -14.66% | -6.91% | -7.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.91% | — |
Current DrawdownCurrent decline from peak | -2.16% | -1.41% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -25.15% | +22.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.44% | +0.70% |
Volatility
FLMI vs. NEARX - Volatility Comparison
Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a higher volatility of 1.38% compared to U.S. Global Investors Near-Term Tax Free Fund (NEARX) at 0.95%. This indicates that FLMI's price experiences larger fluctuations and is considered to be riskier than NEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLMI | NEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.95% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.53% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 2.64% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 2.51% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 2.56% | +2.19% |