FLMI vs IVV
Franklin Dynamic Municipal Bond ETF vs iShares Core S&P 500 ETF
Which is better, FLMI or IVV?
Municipal Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | FLMI | IVV |
|---|---|---|
| Expense Ratio | 0.30% | 0.03%Best |
| AUM | $2.4B | $876.4B |
| Dividend Yield | 4.00% | 1.06% |
| Holdings | 1,342 | 508 |
| YTD Return | -1.80% | +11.57%Best |
| 1Y Return | +0.52% | +17.57%Best |
| 3Y Return (annualized) | +4.60% | +20.71%Best |
| 5Y Return (annualized) | +1.13% | +12.80%Best |
| Volatility (annualized) | 5.5%Best | 16.2% |
| Max Drawdown | -14.7%Best | -33.9% |
| $10,000 over 5 years | $10,578 | $18,262Best |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Aug 31, 2017 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 5, 2017 to Sep 10, 2026 (9 years).
FLMI vs IVV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FLMI vs IVV Performance
Franklin Dynamic Municipal Bond ETF (FLMI) is an ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FLMI returned +0.52% while IVV returned +17.57%. Year to date, FLMI is down 1.80% versus a gain of 11.57% for IVV.
Over three years, FLMI compounded at +4.60% per year against +20.71% for IVV; over five years the annualized figures are +1.13% and +12.80% respectively. Across the full 9-year window we track, IVV has the edge at +14.23% annualized vs +1.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 5.5% for FLMI. 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 -14.7% for FLMI and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLMI charges 0.30% per year while IVV 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, FLMI currently yields 4.00% against 1.06% for IVV.
You are not choosing between two funds in isolation.
Whichever of FLMI and IVV 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, FLMI or IVV?
FLMI has an expense ratio of 0.30% while IVV charges 0.03%. IVV is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, FLMI or IVV?
Over the past year FLMI returned +0.52% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), FLMI annualized +1.62% vs +14.23% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMI or IVV?
IVV has been the more volatile fund at 16.2% annualized versus 5.5% for FLMI. Worst drawdown: FLMI -14.7% vs IVV -33.9%.
Should I hold both FLMI and IVV?
FLMI and IVV have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLMI or IVV?
FLMI yields 4.00% while IVV yields 1.06%, so FLMI currently pays the higher dividend yield.
Is IVV better than FLMI?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.