FLMI vs. SHYD
Compare and contrast key facts about Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) and VanEck Short High Yield Muni ETF (SHYD).
FLMI and SHYD 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. SHYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Municipal High Yield Short Duration. It was launched on Jan 13, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMI or SHYD.
Correlation
The correlation between FLMI and SHYD is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FLMI vs. SHYD - Performance Comparison
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Key characteristics
FLMI:
1.46%
SHYD:
3.56%
FLMI:
-0.04%
SHYD:
-0.18%
FLMI:
0.00%
SHYD:
0.00%
Returns By Period
FLMI
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SHYD
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FLMI vs. SHYD - Expense Ratio Comparison
FLMI has a 0.30% expense ratio, which is lower than SHYD's 0.35% expense ratio.
Risk-Adjusted Performance
FLMI vs. SHYD — Risk-Adjusted Performance Rank
FLMI
SHYD
FLMI vs. SHYD - 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 VanEck Short High Yield Muni ETF (SHYD). 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.
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Dividends
FLMI vs. SHYD - Dividend Comparison
FLMI's dividend yield for the trailing twelve months is around 4.11%, more than SHYD's 3.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 4.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYD VanEck Short High Yield Muni ETF | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLMI vs. SHYD - Drawdown Comparison
The maximum FLMI drawdown since its inception was -0.04%, smaller than the maximum SHYD drawdown of -0.18%. Use the drawdown chart below to compare losses from any high point for FLMI and SHYD. For additional features, visit the drawdowns tool.
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Volatility
FLMI vs. SHYD - Volatility Comparison
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