FLMB vs SCMB
Franklin Municipal Green Bond ETF vs Schwab Municipal Bond ETF
Which is better, FLMB or SCMB?
Nearly the same fund. SCMB costs less.
SCMB has a lower expense ratio. FLMB led over 3Y and the full window, SCMB over 1Y. The two have moved almost in lockstep, correlation 0.98.
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 | SCMB |
|---|---|---|
| Expense Ratio | 0.30% | 0.03%Best |
| AUM | $53M | $3.0B |
| Dividend Yield | 4.14% | 3.60% |
| Holdings | 77 | 7,278 |
| YTD Return | -5.00% | -3.62%Best |
| 1Y Return | -4.08% | -2.73%Best |
| 3Y Return (annualized) | +3.04%Best | +2.40% |
| 5Y Return (annualized) | -0.68% | - |
| Volatility (annualized) | 7.8% | 6.2%Best |
| Max Drawdown | -8.5% | -6.7%Best |
| $10,000 over 4 years | $11,246Best | $10,982 |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Investment Mangement |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Aug 31, 2017 | Oct 11, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 12, 2022 to Oct 12, 2026 (4 years).
FLMB vs SCMB 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 4 years both funds cover.
FLMB vs SCMB Performance
Franklin Municipal Green Bond ETF (FLMB) is an ETF from Franklin Templeton Investments (US) and Schwab Municipal Bond ETF (SCMB) is an ETF from Charles Schwab Investment Mangement. Over the past year FLMB returned -4.08% while SCMB returned -2.73%. Year to date, FLMB is down 5.00% versus a loss of 3.62% for SCMB.
Over three years, FLMB compounded at +3.04% per year against +2.40% for SCMB. Across the full 4-year window we track, FLMB has the edge at +2.98% annualized vs +2.37%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLMB has been the more volatile fund, with annualized monthly volatility of 7.8% compared with 6.2% for SCMB. 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 -6.7% for SCMB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 SCMB charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, FLMB currently yields 4.14% against 3.60% for SCMB.
Holdings Overlap
We hold position weights for 22 holdings in FLMB and 30 in SCMB, totalling 40.5% and 1.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 22 positions we hold weights for in FLMB and 30 in SCMB, against full books of 77 and 7,278.
You are not choosing between two funds in isolation.
Whichever of FLMB and SCMB 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 SCMB?
FLMB has an expense ratio of 0.30% while SCMB charges 0.03%. SCMB is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, FLMB or SCMB?
Over the past year FLMB returned -4.08% vs -2.73% for SCMB, so SCMB leads on 1-year performance. Over the longest common window we track (4 years), FLMB annualized +2.98% vs +2.37% for SCMB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMB or SCMB?
FLMB has been the more volatile fund at 7.8% annualized versus 6.2% for SCMB. Worst drawdown: FLMB -8.5% vs SCMB -6.7%.
Should I hold both FLMB and SCMB?
FLMB and SCMB have a monthly-return correlation of 0.98, 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 SCMB?
FLMB yields 4.14% while SCMB yields 3.60%, so FLMB currently pays the higher dividend yield.
Is SCMB better than FLMB?
SCMB has a lower expense ratio. FLMB led over 3Y and the full window, SCMB over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.