FLMI vs TMSL
Comparison between FRANKLIN DYNAMIC MUNICIPAL BOND ETF (FLMI, ETF) and T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF).
FLMI vs TMSL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FLMI
$2B
TMSL
$2B
Expense Ratio
Winner
FLMI
0.30%
TMSL
0.55%
Max Drawdown
Winner
FLMI
17.26%
TMSL
24.72%
Sharpe Ratio
Winner
FLMI
1.38
TMSL
1.26
5Y Beta
Winner
FLMI
0.01
TMSL
1.05
P/E Ratio
FLMI
N/A
TMSL
34.01
Forward P/E
FLMI
N/A
TMSL
16.35
5Y Dividends CAGR
FLMI
12.68%
TMSL
N/A
Debt to Equity
FLMI
N/A
TMSL
68.95%
P/S Ratio
FLMI
N/A
TMSL
1.48
P/B Ratio
FLMI
N/A
TMSL
3.13
FLMI vs TMSL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FLMI
+0.89%
TMSL
-0.74%
3M
FLMI
+0.52%
Winner
TMSL
+7.23%
6M
FLMI
+2.81%
Winner
TMSL
+12.06%
1Y
FLMI
+8.10%
Winner
TMSL
+27.82%
5Y(CAGR)
FLMI
+2.20%
TMSL
N/A
10Y(CAGR)
FLMI
+3.05%
TMSL
N/A
Max(CAGR)
FLMI
+3.05%
Winner
TMSL
+17.79%
FLMI vs TMSL - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FLMI | TMSL |
|---|---|---|
| 2026 | +2.22% | +11.17% |
| 2025 | +5.73% | +12.04% |
| 2024 | +5.19% | +16.39% |
| 2023 | +7.38% | +11.22% |
| 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 TMSL Drawdown Comparison
The maximum drawdown for FLMI was -14.66%, occurring on Oct 25, 2022. Recovery took 751 trading sessions.
The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.
The current FLMI drawdown is -0.33%. The current TMSL drawdown is -3.62%.
| Rank | FLMI | TMSL |
|---|---|---|
| #1 | -14.66% Aug 4, 2021 - Jul 31, 2024 | -24.39% Nov 25, 2024 - Sep 5, 2025 |
| #2 | -13.63% Mar 9, 2020 - Nov 17, 2020 | -13.22% Jul 31, 2023 - Dec 13, 2023 |
| #3 | -4.66% Mar 3, 2025 - Sep 5, 2025 | -11.19% Feb 26, 2026 - Apr 17, 2026 |
| #4 | -2.90% Feb 27, 2026 - Mar 24, 2026 | -8.33% Jul 16, 2024 - Sep 19, 2024 |
| #5 | -2.61% Nov 29, 2024 - Feb 25, 2025 | -7.68% Mar 28, 2024 - Jul 15, 2024 |
| #6 | -2.57% Feb 12, 2021 - May 24, 2021 | -6.69% Oct 27, 2025 - Nov 28, 2025 |
| #7 | -2.21% Jan 31, 2018 - Jan 3, 2019 | -4.05% May 6, 2026 - May 26, 2026 |
| #8 | -1.95% Oct 1, 2024 - Nov 29, 2024 | -4.03% Sep 18, 2025 - Oct 23, 2025 |
| #9 | -1.56% Sep 3, 2019 - Jan 24, 2020 | -3.76% Nov 11, 2024 - Nov 22, 2024 |
| #10 | -0.90% Jun 16, 2021 - Jul 8, 2021 | -3.62% May 26, 2026 - Jun 5, 2026 |
| #11 | -0.90% Sep 5, 2017 - Jan 8, 2018 | -3.27% Dec 27, 2023 - Jan 22, 2024 |
| #12 | -0.73% Aug 5, 2024 - Aug 20, 2024 | -3.18% Dec 11, 2025 - Jan 6, 2026 |
| #13 | -0.52% Sep 18, 2025 - Oct 1, 2025 | -2.93% Oct 17, 2024 - Nov 6, 2024 |
| #14 | -0.52% Oct 28, 2025 - Nov 11, 2025 | -2.59% Apr 20, 2026 - May 5, 2026 |
| #15 | -0.44% Aug 20, 2024 - Sep 3, 2024 | -2.56% Jun 15, 2023 - Jun 29, 2023 |
Correlation
Correlation between FLMI and TMSL is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2017 - 2026)
FLMI vs TMSL dividend yield comparison.
| Year | FLMI | TMSL |
|---|---|---|
| 2026 | 1.64% | 0.00% |
| 2025 | 3.89% | 0.57% |
| 2024 | 4.08% | 0.44% |
| 2023 | 3.71% | 0.34% |
| 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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