FLMI vs PWB
Comparison between FRANKLIN DYNAMIC MUNICIPAL BOND ETF (FLMI, ETF) and INVESCO LARGE CAP GROWTH ETF (PWB, ETF).
5-Year PerformancePWB has outperformed FLMI, delivering a return of +16.4% compared to +1.8%
FLMI vs PWB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FLMI vs PWB - Historical Returns
Returns include dividend reinvestment.
FLMI vs PWB - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | FLMI | PWB |
|---|---|---|
| 2026 | +1.80% | +23.27% |
| 2025 | +5.73% | +24.92% |
| 2024 | +5.19% | +33.11% |
| 2023 | +7.38% | +32.25% |
| 2022 | -10.15% | -25.87% |
| 2021 | +4.02% | +20.63% |
| 2020 | +5.96% | +31.03% |
| 2019 | +6.69% | +24.71% |
| 2018 | +0.34% | +0.24% |
| 2017 | -0.02% | +29.93% |
| 2016 | N/A | +5.00% |
| 2015 | N/A | +7.96% |
| 2014 | N/A | +14.05% |
| 2013 | N/A | +33.83% |
| 2012 | N/A | +17.97% |
| 2011 | N/A | -0.70% |
| 2010 | N/A | +12.60% |
| 2009 | N/A | +30.14% |
| 2008 | N/A | -41.42% |
| 2007 | N/A | +12.42% |
| 2006 | N/A | +3.53% |
| 2005 | N/A | +6.67% |
FLMI vs PWB Drawdown Comparison
The maximum drawdown for FLMI was -14.66%, occurring on Oct 25, 2022. Recovery took 751 trading sessions.
The maximum drawdown for PWB was -52.58%, occurring on Mar 9, 2009. Recovery took 1121 trading sessions.
The current FLMI drawdown is -1.08%. The current PWB drawdown is -5.77%.
| Rank | FLMI | PWB |
|---|---|---|
| #1 | -14.66% Aug 4, 2021 - Jul 31, 2024 | -52.58% Oct 12, 2007 - Mar 26, 2012 |
| #2 | -13.63% Mar 9, 2020 - Nov 17, 2020 | -32.36% Feb 19, 2020 - Jul 2, 2020 |
| #3 | -4.66% Mar 3, 2025 - Sep 5, 2025 | -31.41% Dec 27, 2021 - Jan 24, 2024 |
| #4 | -2.90% Feb 27, 2026 - Jun 25, 2026 | -22.10% Feb 18, 2025 - Jun 2, 2025 |
| #5 | -2.61% Nov 29, 2024 - Feb 25, 2025 | -20.50% Oct 1, 2018 - Apr 5, 2019 |
| #6 | -2.57% Feb 12, 2021 - May 24, 2021 | -13.94% Jul 20, 2015 - Jul 8, 2016 |
| #7 | -2.21% Jan 31, 2018 - Jan 3, 2019 | -13.46% Feb 12, 2021 - Apr 15, 2021 |
| #8 | -1.95% Oct 1, 2024 - Nov 29, 2024 | -12.18% Apr 6, 2006 - Dec 11, 2006 |
| #9 | -1.56% Sep 3, 2019 - Jan 24, 2020 | -12.11% Jan 29, 2026 - Apr 13, 2026 |
| #10 | -1.08% Jul 2, 2026 - Jul 21, 2026 | -10.04% Jul 16, 2024 - Sep 19, 2024 |
| #11 | -0.90% Jun 16, 2021 - Jul 8, 2021 | -9.98% Jan 26, 2018 - May 21, 2018 |
| #12 | -0.90% Sep 5, 2017 - Jan 8, 2018 | -9.63% Sep 2, 2020 - Nov 5, 2020 |
| #13 | -0.73% Aug 5, 2024 - Aug 20, 2024 | -9.53% May 2, 2012 - Sep 6, 2012 |
| #14 | -0.52% Sep 18, 2025 - Oct 1, 2025 | -9.16% Jul 17, 2007 - Sep 21, 2007 |
| #15 | -0.52% Oct 28, 2025 - Nov 11, 2025 | -8.75% Oct 29, 2025 - Jan 6, 2026 |
Correlation
Correlation between FLMI and PWB is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2005 - 2026)
FLMI vs PWB dividend yield comparison.
| Year | FLMI | PWB |
|---|---|---|
| 2026 | 2.00% | 0.00% |
| 2025 | 3.89% | 0.00% |
| 2024 | 4.08% | 0.08% |
| 2023 | 3.71% | 0.37% |
| 2022 | 3.08% | 0.31% |
| 2021 | 2.22% | 0.04% |
| 2020 | 2.09% | 0.21% |
| 2019 | 2.71% | 0.58% |
| 2018 | 2.41% | 0.97% |
| 2017 | 0.34% | 0.54% |
| 2016 | 0.00% | 0.82% |
| 2015 | 0.00% | 0.67% |
| 2014 | 0.00% | 0.43% |
| 2013 | 0.00% | 0.42% |
| 2012 | 0.00% | 1.12% |
| 2011 | 0.00% | 0.89% |
| 2010 | 0.00% | 0.64% |
| 2009 | 0.00% | 0.60% |
| 2008 | 0.00% | 0.71% |
| 2007 | 0.00% | 0.19% |
| 2006 | 0.00% | 0.12% |
| 2005 | 0.00% | 0.02% |
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