FLMB vs RFEM

Comparison between FRANKLIN MUNICIPAL GREEN BOND ETF (FLMB, ETF) and FIRST TRUST RIVERFRONT DYNAMIC EMERGING MARKETS ETF (RFEM, ETF).

5-Year PerformanceRFEM has outperformed FLMB, delivering a return of +9.3% compared to +0.3%

FLMB vs RFEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLMB(ETF)	RFEM(ETF)
Net Assets	$78M	$78M
Expense Ratio	0.30%	0.99%
Max Drawdown	20.72%	45.64%
Sharpe Ratio	1.41	1.37
5Y Beta	0.01	0.79
5Y Dividends CAGR	15.97%	12.37%

Net Assets

FLMB

$78M

Winner

RFEM

$78M

Expense Ratio

Winner

FLMB

0.30%

RFEM

0.99%

Max Drawdown

Winner

FLMB

20.72%

RFEM

45.64%

Sharpe Ratio

Winner

FLMB

1.41

RFEM

1.37

5Y Beta

Winner

FLMB

0.01

RFEM

0.79

5Y Dividends CAGR

Winner

FLMB

15.97%

RFEM

12.37%

FLMB vs RFEM - Historical Returns

Returns include dividend reinvestment.

Period	FLMB	RFEM
1 month	-0.82%	-2.57%
3 months	+0.12%	+4.33%
6 months	+1.20%	+12.51%
1 year	+8.47%	+31.33%
5 years(CAGR)	+0.28%	+9.30%
10 years(CAGR)	+2.23%	+9.10%
Max(CAGR)	+2.23%	+9.86%

Winner

FLMB

-0.82%

RFEM

-2.57%

FLMB

+0.12%

Winner

RFEM

+4.33%

FLMB

+1.20%

Winner

RFEM

+12.51%

FLMB

+8.47%

Winner

RFEM

+31.33%

5Y(CAGR)

FLMB

+0.28%

Winner

RFEM

+9.30%

10Y(CAGR)

FLMB

+2.23%

Winner

RFEM

+9.10%

Max(CAGR)

FLMB

+2.23%

Winner

RFEM

+9.86%

FLMB vs RFEM - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	FLMB	RFEM
2026	+1.41%	+16.72%
2025	+3.70%	+27.41%
2024	+2.63%	+12.03%
2023	+7.35%	+21.35%
2022	-12.02%	-19.44%
2021	+0.71%	+0.45%
2020	+7.37%	+6.01%
2019	+8.70%	+20.05%
2018	+0.42%	-20.67%
2017	+0.62%	+34.51%
2016	N/A	+8.60%

FLMB vs RFEM Drawdown Comparison

The maximum drawdown for FLMB was -17.90%, occurring on Oct 26, 2022. Recovery took 1121 trading sessions.

The maximum drawdown for RFEM was -42.20%, occurring on Mar 23, 2020. Recovery took 747 trading sessions.

The current FLMB drawdown is -1.30%. The current RFEM drawdown is -3.81%.

Rank	FLMB	RFEM
#1	-17.90% Jul 20, 2021 - Jan 6, 2026	-42.20% Jan 26, 2018 - Jan 14, 2021
#2	-13.94% Mar 9, 2020 - Jul 22, 2020	-35.99% Feb 17, 2021 - Jul 5, 2024
#3	-4.08% Dec 6, 2017 - Jan 3, 2019	-15.81% Sep 26, 2024 - May 19, 2025
#4	-3.52% Feb 11, 2021 - Jul 8, 2021	-11.65% Feb 25, 2026 - Apr 17, 2026
#5	-3.25% Feb 27, 2026 - Jun 29, 2026	-10.45% Jul 12, 2024 - Sep 24, 2024
#6	-2.34% Aug 20, 2019 - Jan 8, 2020	-9.08% Sep 22, 2016 - Jan 25, 2017
#7	-2.08% Aug 10, 2020 - Nov 30, 2020	-6.53% Jun 23, 2016 - Jul 13, 2016
#8	-1.30% Jul 6, 2026 - Jul 21, 2026	-6.35% May 11, 2026 - May 26, 2026
#9	-0.53% Mar 27, 2019 - Apr 24, 2019	-6.28% Jun 2, 2026 - Jul 20, 2026
#10	-0.48% Jan 8, 2026 - Feb 2, 2026	-5.18% Jan 21, 2021 - Feb 5, 2021
#11	-0.47% Jan 3, 2019 - Jan 31, 2019	-4.83% Sep 6, 2016 - Sep 22, 2016
#12	-0.45% Jan 31, 2020 - Feb 18, 2020	-4.56% Mar 20, 2017 - May 9, 2017
#13	-0.40% Jan 4, 2021 - Jan 21, 2021	-4.27% Oct 6, 2025 - Oct 20, 2025
#14	-0.32% Sep 29, 2017 - Nov 30, 2017	-4.12% Nov 22, 2017 - Dec 29, 2017
#15	-0.25% Jul 8, 2021 - Jul 16, 2021	-3.68% Jul 23, 2025 - Aug 13, 2025

Correlation

Correlation between FLMB and RFEM is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.65

-101

Dividend Comparison (2016 - 2026)

FLMB vs RFEM dividend yield comparison.

Year	FLMB	RFEM
2026	2.04%	1.26%
2025	3.86%	1.98%
2024	3.79%	3.64%
2023	3.49%	3.28%
2022	2.80%	7.74%
2021	1.66%	3.21%
2020	2.08%	1.22%
2019	2.40%	3.75%
2018	2.68%	2.37%
2017	0.54%	1.62%
2016	0.00%	3.73%