HYMU vs. FLMI
Compare and contrast key facts about BlackRock High Yield Muni Income Bond ETF (HYMU) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI).
HYMU and FLMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021. FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017.
Performance
HYMU vs. FLMI - Performance Comparison
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HYMU vs. FLMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYMU BlackRock High Yield Muni Income Bond ETF | 0.29% | 2.58% | 6.99% | 9.67% | -15.96% | 6.71% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 0.43% | 5.89% | 4.91% | 7.89% | -10.23% | 3.96% |
Returns By Period
In the year-to-date period, HYMU achieves a 0.29% return, which is significantly lower than FLMI's 0.43% return.
HYMU
- 1D
- 0.50%
- 1M
- -1.14%
- YTD
- 0.29%
- 6M
- 1.40%
- 1Y
- 1.57%
- 3Y*
- 5.45%
- 5Y*
- 1.45%
- 10Y*
- —
FLMI
- 1D
- 0.15%
- 1M
- -1.90%
- YTD
- 0.43%
- 6M
- 1.90%
- 1Y
- 5.24%
- 3Y*
- 5.35%
- 5Y*
- 2.25%
- 10Y*
- —
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HYMU vs. FLMI - Expense Ratio Comparison
HYMU has a 0.35% expense ratio, which is higher than FLMI's 0.30% expense ratio.
Return for Risk
HYMU vs. FLMI — Risk / Return Rank
HYMU
FLMI
HYMU vs. FLMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Muni Income Bond ETF (HYMU) 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.
| HYMU | FLMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 1.17 | -0.97 |
Sortino ratioReturn per unit of downside risk | 0.30 | 1.54 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.28 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.36 | -1.05 |
Martin ratioReturn relative to average drawdown | 1.53 | 4.98 | -3.45 |
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
| HYMU | FLMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 1.17 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.51 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.61 | -0.38 |
Correlation
The correlation between HYMU and FLMI is 0.60, 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
HYMU vs. FLMI - Dividend Comparison
HYMU's dividend yield for the trailing twelve months is around 4.51%, more than FLMI's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYMU BlackRock High Yield Muni Income Bond ETF | 4.51% | 4.55% | 4.35% | 4.35% | 4.01% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
HYMU vs. FLMI - Drawdown Comparison
The maximum HYMU drawdown since its inception was -22.55%, which is greater than FLMI's maximum drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for HYMU and FLMI.
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Drawdown Indicators
| HYMU | FLMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -14.66% | -7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.54% | -4.19% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -14.66% | -7.89% |
Current DrawdownCurrent decline from peak | -1.39% | -2.16% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -2.86% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.14% | +0.23% |
Volatility
HYMU vs. FLMI - Volatility Comparison
The current volatility for BlackRock High Yield Muni Income Bond ETF (HYMU) is 1.29%, while Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a volatility of 1.38%. This indicates that HYMU experiences smaller price fluctuations and is considered to be less risky than FLMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYMU | FLMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.38% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 1.98% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.95% | 4.51% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 4.43% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 4.75% | +2.30% |