FLMB vs JHMU
Franklin Municipal Green Bond ETF vs John Hancock Dynamic Municipal Bond ETF
Which is better, FLMB or JHMU?
Nearly the same fund. FLMB costs less.
FLMB has a lower expense ratio. JHMU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FLMB | JHMU |
|---|---|---|
| Expense Ratio | 0.30%Best | 0.39% |
| AUM | $53M | $42M |
| Dividend Yield | 4.14% | 3.87% |
| Holdings | 77 | 424 |
| YTD Return | -5.00% | -2.53%Best |
| 1Y Return | -4.08% | -1.22%Best |
| 3Y Return (annualized) | +3.04% | +4.74%Best |
| 5Y Return (annualized) | -0.68% | - |
| Volatility (annualized) | 5.9% | 4.5%Best |
| Max Drawdown | -8.5% | -6.2%Best |
| $10,000 over 2.9 years | $11,018 | $11,437Best |
| Fund Family | Franklin Templeton Investments (US) | John Hancock Investment Management |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Aug 31, 2017 | Nov 1, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 12, 2026 (2.9 years).
FLMB vs JHMU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
FLMB vs JHMU Performance
Franklin Municipal Green Bond ETF (FLMB) is an ETF from Franklin Templeton Investments (US) and John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management. Over the past year FLMB returned -4.08% while JHMU returned -1.22%. Year to date, FLMB is down 5.00% versus a loss of 2.53% for JHMU.
Over three years, FLMB compounded at +3.04% per year against +4.74% for JHMU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLMB has been the more volatile fund, with annualized monthly volatility of 5.9% compared with 4.5% for JHMU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.5% for FLMB and -6.2% for JHMU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLMB charges 0.30% per year while JHMU charges 0.39%. On a $10,000 position that is $30 vs $39 annually, a gap of $9 per year that compounds over a long holding period. On income, FLMB currently yields 4.14% against 3.87% for JHMU.
Holdings Overlap
We hold position weights for 22 holdings in FLMB and 116 in JHMU, totalling 40.5% and 48.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 22 positions we hold weights for in FLMB and 116 in JHMU, against full books of 77 and 424.
Top Shared Holdings
| Stock | Weight in FLMB | Weight in JHMU | Difference |
|---|---|---|---|
| CA CCEDEV 01/01/2054California Cmnty Choice Fing A 5.25 01/01/2054 | 4.65% | 0.48% | 4.17% |
You are not choosing between two funds in isolation.
Whichever of FLMB and JHMU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLMB or JHMU?
FLMB has an expense ratio of 0.30% while JHMU charges 0.39%. FLMB is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, FLMB or JHMU?
Over the past year FLMB returned -4.08% vs -1.22% for JHMU, so JHMU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMB or JHMU?
FLMB has been the more volatile fund at 5.9% annualized versus 4.5% for JHMU. Worst drawdown: FLMB -8.5% vs JHMU -6.2%.
Should I hold both FLMB and JHMU?
FLMB and JHMU have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FLMB or JHMU?
FLMB yields 4.14% while JHMU yields 3.87%, so FLMB currently pays the higher dividend yield.
Is JHMU better than FLMB?
FLMB has a lower expense ratio. JHMU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.