HIMU vs. FLMI
Compare and contrast key facts about iShares High Yield Muni Active ETF (HIMU) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI).
HIMU and FLMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIMU is an actively managed fund by iShares. It was launched on Feb 7, 2025. FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017.
Performance
HIMU vs. FLMI - Performance Comparison
Loading graphics...
HIMU vs. FLMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMU iShares High Yield Muni Active ETF | -0.62% | 1.14% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 0.28% | 4.70% |
Returns By Period
In the year-to-date period, HIMU achieves a -0.62% return, which is significantly lower than FLMI's 0.28% return.
HIMU
- 1D
- 0.57%
- 1M
- -2.58%
- YTD
- -0.62%
- 6M
- 0.10%
- 1Y
- 1.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLMI
- 1D
- 0.28%
- 1M
- -2.31%
- YTD
- 0.28%
- 6M
- 1.94%
- 1Y
- 5.54%
- 3Y*
- 5.30%
- 5Y*
- 2.22%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HIMU vs. FLMI - Expense Ratio Comparison
HIMU has a 0.42% expense ratio, which is higher than FLMI's 0.30% expense ratio.
Return for Risk
HIMU vs. FLMI — Risk / Return Rank
HIMU
FLMI
HIMU vs. FLMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Muni Active ETF (HIMU) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). 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.
| HIMU | FLMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 1.23 | -0.98 |
Sortino ratioReturn per unit of downside risk | 0.38 | 1.63 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.39 | -1.06 |
Martin ratioReturn relative to average drawdown | 1.07 | 5.10 | -4.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HIMU | FLMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.23 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.61 | -0.55 |
Correlation
The correlation between HIMU and FLMI is 0.59, 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
HIMU vs. FLMI - Dividend Comparison
HIMU's dividend yield for the trailing twelve months is around 5.23%, more than FLMI's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIMU iShares High Yield Muni Active ETF | 5.23% | 4.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 3.93% | 3.89% | 4.08% | 3.71% | 3.08% | 2.22% | 2.09% | 2.71% | 2.41% | 0.34% |
Drawdowns
HIMU vs. FLMI - Drawdown Comparison
The maximum HIMU drawdown since its inception was -8.01%, smaller than the maximum FLMI drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for HIMU and FLMI.
Loading graphics...
Drawdown Indicators
| HIMU | FLMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.01% | -14.66% | +6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -4.19% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.66% | — |
Current DrawdownCurrent decline from peak | -2.58% | -2.31% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -2.86% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.14% | +0.95% |
Volatility
HIMU vs. FLMI - Volatility Comparison
iShares High Yield Muni Active ETF (HIMU) has a higher volatility of 2.21% compared to Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) at 1.42%. This indicates that HIMU's price experiences larger fluctuations and is considered to be riskier than FLMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HIMU | FLMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 1.42% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 1.99% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 4.52% | +3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 4.43% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.79% | 4.75% | +3.04% |