HYMU vs. FLMI

Last updated Jun 5, 2026

HYMU (BlackRock High Yield Muni Income Bond ETF) and FLMI (Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF) are both exchange-traded funds - HYMU is a High Yield Muni fund actively managed by BlackRock, while FLMI is a Municipal Bonds fund actively managed by Franklin Templeton. Both are actively managed. HYMU charges 0.35%/yr vs 0.30%/yr for FLMI.

Performance

HYMU vs. FLMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock High Yield Muni Income Bond ETF (HYMU) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYMU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLMI

• 1D: 0.08%
• 1M: 0.98%
• YTD: 2.39%
• 6M: 2.77%
• 1Y: 8.23%
• 3Y*: 5.83%
• 5Y*: 2.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYMU vs. FLMI - Yearly Performance Comparison

	2026 (YTD)
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF	0.45%

Return for Risk

HYMU vs. FLMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLMI

FLMI Risk / Return Rank: 76
FLMI Sharpe Ratio Rank: 83
FLMI Sortino Ratio Rank: 89
FLMI Omega Ratio Rank: 92
FLMI Calmar Ratio Rank: 58
FLMI Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYMU	FLMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.65	—

Drawdowns

HYMU vs. FLMI - Drawdown Comparison

The maximum HYMU drawdown since its inception was 0.00%, smaller than the maximum FLMI drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for HYMU and FLMI.

Drawdown Indicators

	HYMU	FLMI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-14.66%	+14.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.66%	—
Current Drawdown Current decline from peak	0.00%	-0.25%	+0.25%
Average Drawdown Average peak-to-trough decline	0.00%	-2.82%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.80%	—

Volatility

Volatility by Period

	HYMU	FLMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.09%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.45%	-4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.72%	-4.72%

HYMU vs. FLMI - Expense Ratio Comparison

HYMU has a 0.35% expense ratio, which is higher than FLMI's 0.30% expense ratio.

Dividends

HYMU vs. FLMI - Dividend Comparison

HYMU has not paid dividends to shareholders, while FLMI's dividend yield for the trailing twelve months is around 3.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF	3.87%	3.89%	4.08%	3.71%	3.08%	2.22%	2.09%	2.71%	2.41%	0.34%
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HYMU or FLMI?

On fees, FLMI is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYMU or FLMI?

FLMI is cheaper with a 0.30% expense ratio, compared with 0.35% for HYMU.

Which ETF pays a higher dividend yield, HYMU or FLMI?

FLMI has the higher dividend yield at 3.87%, compared with 0.00% for HYMU.

What is the main difference between HYMU and FLMI?

HYMU is categorized as High Yield Muni, while FLMI is Municipal Bonds. They also come from different issuers: BlackRock and Franklin Templeton. Their fees differ too: 0.35% for HYMU and 0.30% for FLMI.