FLMI vs CLOA
Comparison between FRANKLIN DYNAMIC MUNICIPAL BOND ETF (FLMI, ETF) and BlackRock AAA CLO ETF (CLOA, ETF).
FLMI vs CLOA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FLMI
$2B
Winner
CLOA
$2.10B
Expense Ratio
FLMI
0.30%
Winner
CLOA
0.20%
Max Drawdown
FLMI
17.26%
Winner
CLOA
2.02%
Sharpe Ratio
FLMI
1.38
Winner
CLOA
2.26
5Y Beta
Winner
FLMI
0.01
CLOA
0.04
5Y Dividends CAGR
FLMI
12.68%
CLOA
N/A
FLMI vs CLOA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FLMI
+0.89%
CLOA
+0.40%
3M
FLMI
+0.52%
Winner
CLOA
+1.54%
6M
Winner
FLMI
+2.81%
CLOA
+2.55%
1Y
Winner
FLMI
+8.10%
CLOA
+5.38%
5Y(CAGR)
FLMI
+2.20%
CLOA
N/A
10Y(CAGR)
FLMI
+3.05%
CLOA
N/A
Max(CAGR)
FLMI
+3.05%
Winner
CLOA
+6.82%
FLMI vs CLOA - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FLMI | CLOA |
|---|---|---|
| 2026 | +2.22% | +2.03% |
| 2025 | +5.73% | +5.44% |
| 2024 | +5.19% | +7.23% |
| 2023 | +7.38% | +8.37% |
| 2022 | -10.15% | N/A |
| 2021 | +4.02% | N/A |
| 2020 | +5.96% | N/A |
| 2019 | +6.69% | N/A |
| 2018 | +0.34% | N/A |
| 2017 | -0.02% | N/A |
FLMI vs CLOA Drawdown Comparison
The maximum drawdown for FLMI was -14.66%, occurring on Oct 25, 2022. Recovery took 751 trading sessions.
The maximum drawdown for CLOA was -1.34%, occurring on Mar 22, 2023. Recovery took 38 trading sessions.
The current FLMI drawdown is -0.33%.
| Rank | FLMI | CLOA |
|---|---|---|
| #1 | -14.66% Aug 4, 2021 - Jul 31, 2024 | -1.34% Feb 22, 2023 - Apr 18, 2023 |
| #2 | -13.63% Mar 9, 2020 - Nov 17, 2020 | -1.13% Mar 4, 2025 - Apr 28, 2025 |
| #3 | -4.66% Mar 3, 2025 - Sep 5, 2025 | -0.33% Feb 20, 2025 - Feb 27, 2025 |
| #4 | -2.90% Feb 27, 2026 - Mar 24, 2026 | -0.29% Aug 2, 2024 - Aug 13, 2024 |
| #5 | -2.61% Nov 29, 2024 - Feb 25, 2025 | -0.24% Feb 1, 2023 - Feb 3, 2023 |
| #6 | -2.57% Feb 12, 2021 - May 24, 2021 | -0.20% Oct 9, 2023 - Oct 20, 2023 |
| #7 | -2.21% Jan 31, 2018 - Jan 3, 2019 | -0.18% Jun 2, 2023 - Jun 6, 2023 |
| #8 | -1.95% Oct 1, 2024 - Nov 29, 2024 | -0.18% Feb 24, 2026 - Mar 11, 2026 |
| #9 | -1.56% Sep 3, 2019 - Jan 24, 2020 | -0.18% Nov 27, 2023 - Nov 29, 2023 |
| #10 | -0.90% Jun 16, 2021 - Jul 8, 2021 | -0.16% Feb 17, 2023 - Feb 22, 2023 |
| #11 | -0.90% Sep 5, 2017 - Jan 8, 2018 | -0.16% May 9, 2023 - May 23, 2023 |
| #12 | -0.73% Aug 5, 2024 - Aug 20, 2024 | -0.13% Nov 13, 2024 - Nov 19, 2024 |
| #13 | -0.52% Sep 18, 2025 - Oct 1, 2025 | -0.13% Sep 10, 2025 - Sep 19, 2025 |
| #14 | -0.52% Oct 28, 2025 - Nov 11, 2025 | -0.13% Dec 11, 2023 - Dec 15, 2023 |
| #15 | -0.44% Aug 20, 2024 - Sep 3, 2024 | -0.12% Oct 8, 2025 - Oct 24, 2025 |
Correlation
Correlation between FLMI and CLOA is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2017 - 2026)
FLMI vs CLOA dividend yield comparison.
| Year | FLMI | CLOA |
|---|---|---|
| 2026 | 1.64% | 1.90% |
| 2025 | 3.89% | 5.35% |
| 2024 | 4.08% | 6.01% |
| 2023 | 3.71% | 5.88% |
| 2022 | 3.08% | 0.00% |
| 2021 | 2.22% | 0.00% |
| 2020 | 2.09% | 0.00% |
| 2019 | 2.71% | 0.00% |
| 2018 | 2.41% | 0.00% |
| 2017 | 0.34% | 0.00% |
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