XMPT vs. FLMI
Compare and contrast key facts about VanEck Vectors CEF Municipal Income ETF (XMPT) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI).
XMPT and FLMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMPT is a passively managed fund by VanEck that tracks the performance of the S-Network Municipal Bond Closed-End Fund Index. It was launched on Jul 12, 2011. FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMPT or FLMI.
Key characteristics
| XMPT | FLMI | |
|---|---|---|
| YTD Return | 9.92% | 4.87% |
| 1Y Return | 18.64% | 10.42% |
| 3Y Return (Ann) | -4.76% | 0.70% |
| 5Y Return (Ann) | 0.29% | 2.33% |
| Sharpe Ratio | 2.68 | 2.47 |
| Sortino Ratio | 4.09 | 3.74 |
| Omega Ratio | 1.50 | 1.53 |
| Calmar Ratio | 0.72 | 1.30 |
| Martin Ratio | 14.48 | 18.45 |
| Ulcer Index | 1.42% | 0.59% |
| Daily Std Dev | 7.65% | 4.39% |
| Max Drawdown | -35.24% | -14.66% |
| Current Drawdown | -15.38% | -1.27% |
Correlation
The correlation between XMPT and FLMI is 0.47, 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.
Performance
XMPT vs. FLMI - Performance Comparison
In the year-to-date period, XMPT achieves a 9.92% return, which is significantly higher than FLMI's 4.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XMPT vs. FLMI - Expense Ratio Comparison
XMPT has a 1.86% expense ratio, which is higher than FLMI's 0.30% expense ratio.
Risk-Adjusted Performance
XMPT vs. FLMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors CEF Municipal Income ETF (XMPT) 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.
Dividends
XMPT vs. FLMI - Dividend Comparison
XMPT's dividend yield for the trailing twelve months is around 4.87%, more than FLMI's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMPT VanEck Vectors CEF Municipal Income ETF | 4.87% | 3.81% | 5.12% | 3.74% | 3.80% | 4.08% | 5.05% | 4.84% | 5.37% | 5.24% | 5.50% | 6.17% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 4.05% | 3.71% | 3.09% | 2.22% | 2.09% | 2.71% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XMPT vs. FLMI - Drawdown Comparison
The maximum XMPT drawdown since its inception was -35.24%, which is greater than FLMI's maximum drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for XMPT and FLMI. For additional features, visit the drawdowns tool.
Volatility
XMPT vs. FLMI - Volatility Comparison
VanEck Vectors CEF Municipal Income ETF (XMPT) has a higher volatility of 3.05% compared to Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) at 1.89%. This indicates that XMPT'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.