FLMI vs DES

Comparison between FRANKLIN DYNAMIC MUNICIPAL BOND ETF (FLMI, ETF) and WisdomTree U.S. SmallCap Dividend Fund (DES, ETF).

5-Year PerformanceDES has outperformed FLMI, delivering a return of +6.2% compared to +2.2%

FLMI vs DES - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLMI(ETF)	DES(ETF)
Net Assets	$1.90B	$1.90B
Expense Ratio	0.30%	0.38%
Max Drawdown	17.26%	68.10%
Sharpe Ratio	1.14	1.46
5Y Beta	0.00	0.83
P/E Ratio	N/A	21.88
Forward P/E	N/A	13.20
5Y Dividends CAGR	13.20%	6.06%
5Y EPS CAGR	N/A	8.81%
P/S Ratio	N/A	1.07
P/B Ratio	N/A	1.66

Net Assets

FLMI

$1.90B

DES

$1.90B

Expense Ratio

Winner

FLMI

0.30%

DES

0.38%

Max Drawdown

Winner

FLMI

17.26%

DES

68.10%

Sharpe Ratio

FLMI

1.14

Winner

DES

1.46

5Y Beta

Winner

FLMI

0.00

DES

0.83

P/E Ratio

FLMI

N/A

DES

21.88

Forward P/E

FLMI

N/A

DES

13.20

5Y Dividends CAGR

Winner

FLMI

13.20%

DES

6.06%

5Y EPS CAGR

FLMI

N/A

DES

8.81%

P/S Ratio

FLMI

N/A

DES

1.07

P/B Ratio

FLMI

N/A

DES

1.66

FLMI vs DES - Historical Returns

Returns include dividend reinvestment.

Period	FLMI	DES
1 month	+0.52%	+3.81%
3 months	+0.13%	+3.26%
6 months	+2.26%	+18.98%
1 year	+7.46%	+28.33%
5 years(CAGR)	+2.20%	+6.17%
10 years(CAGR)	+3.00%	+8.38%
Max(CAGR)	+3.00%	+7.72%

FLMI

+0.52%

Winner

DES

+3.81%

FLMI

+0.13%

Winner

DES

+3.26%

FLMI

+2.26%

Winner

DES

+18.98%

FLMI

+7.46%

Winner

DES

+28.33%

5Y(CAGR)

FLMI

+2.20%

Winner

DES

+6.17%

10Y(CAGR)

FLMI

+3.00%

Winner

DES

+8.38%

Max(CAGR)

FLMI

+3.00%

Winner

DES

+7.72%

FLMI vs DES - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	FLMI	DES
2026	+1.60%	+15.52%
2025	+5.73%	+0.96%
2024	+5.19%	+9.71%
2023	+7.38%	+16.28%
2022	-10.15%	-11.65%
2021	+4.02%	+27.88%
2020	+5.96%	-3.69%
2019	+6.69%	+19.33%
2018	+0.34%	-13.42%
2017	-0.02%	+8.08%
2016	N/A	+33.60%
2015	N/A	-5.29%
2014	N/A	+8.94%
2013	N/A	+32.90%
2012	N/A	+16.16%
2011	N/A	-3.63%
2010	N/A	+24.59%
2009	N/A	+20.08%
2008	N/A	-27.07%
2007	N/A	-12.85%
2006	N/A	+16.40%

FLMI vs DES Drawdown Comparison

The maximum drawdown for FLMI was -14.66%, occurring on Oct 25, 2022. Recovery took 751 trading sessions.

The maximum drawdown for DES was -65.45%, occurring on Mar 9, 2009. Recovery took 1178 trading sessions.

The current FLMI drawdown is -0.93%. The current DES drawdown is -0.51%.

Rank	FLMI	DES
#1	-14.66% Aug 4, 2021 - Jul 31, 2024	-65.45% Jun 4, 2007 - Feb 3, 2012
#2	-13.63% Mar 9, 2020 - Nov 17, 2020	-45.63% Aug 21, 2018 - Jan 14, 2021
#3	-4.66% Mar 3, 2025 - Sep 5, 2025	-25.16% Nov 25, 2024 - Feb 4, 2026
#4	-2.90% Feb 27, 2026 - Mar 24, 2026	-21.70% Jan 4, 2022 - Dec 14, 2023
#5	-2.61% Nov 29, 2024 - Feb 25, 2025	-19.34% Jun 23, 2015 - Apr 26, 2016
#6	-2.57% Feb 12, 2021 - May 24, 2021	-9.64% Jan 23, 2018 - Jun 4, 2018
#7	-2.21% Jan 31, 2018 - Jan 3, 2019	-9.47% Jul 1, 2014 - Nov 5, 2014
#8	-1.95% Oct 1, 2024 - Nov 29, 2024	-9.36% Jun 8, 2021 - Nov 3, 2021
#9	-1.56% Sep 3, 2019 - Jan 24, 2020	-9.15% Apr 2, 2012 - Jul 3, 2012
#10	-0.90% Jun 16, 2021 - Jul 8, 2021	-9.09% Sep 14, 2012 - Dec 20, 2012
#11	-0.90% Sep 5, 2017 - Jan 8, 2018	-8.96% Jul 31, 2024 - Oct 16, 2024
#12	-0.73% Aug 5, 2024 - Aug 20, 2024	-8.17% Nov 15, 2021 - Jan 4, 2022
#13	-0.52% Sep 18, 2025 - Oct 1, 2025	-7.64% Feb 20, 2026 - Apr 9, 2026
#14	-0.52% Oct 28, 2025 - Nov 11, 2025	-7.50% Dec 27, 2023 - Mar 28, 2024
#15	-0.44% Aug 20, 2024 - Sep 3, 2024	-7.44% Sep 7, 2016 - Nov 11, 2016

Correlation

Correlation between FLMI and DES is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2006 - 2026)

FLMI vs DES dividend yield comparison.

Year	FLMI	DES
2026	1.31%	0.41%
2025	3.89%	2.85%
2024	4.08%	2.81%
2023	3.71%	2.65%
2022	3.08%	2.89%
2021	2.22%	2.31%
2020	2.09%	2.75%
2019	2.71%	2.68%
2018	2.41%	3.65%
2017	0.34%	2.89%
2016	0.00%	2.70%
2015	0.00%	3.09%
2014	0.00%	2.68%
2013	0.00%	2.45%
2012	0.00%	4.04%
2011	0.00%	3.38%
2010	0.00%	3.57%
2009	0.00%	3.60%
2008	0.00%	6.09%
2007	0.00%	3.78%
2006	0.00%	1.82%