SMMU vs FLHY
Comparison between PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF) and FRANKLIN HIGH YIELD CORPORATE ETF (FLHY, ETF).
5-Year PerformanceFLHY has outperformed SMMU, delivering a return of +4.7% compared to +1.9%
SMMU vs FLHY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SMMU vs FLHY - Historical Returns
Returns include dividend reinvestment.
SMMU vs FLHY - Annual Returns (2010 - 2026)
Returns include dividend reinvestment.
| Year | SMMU | FLHY |
|---|---|---|
| 2026 | +1.25% | +2.77% |
| 2025 | +4.06% | +9.08% |
| 2024 | +2.65% | +8.69% |
| 2023 | +4.19% | +13.35% |
| 2022 | -2.49% | -10.35% |
| 2021 | +0.18% | +4.62% |
| 2020 | +2.85% | +7.41% |
| 2019 | +3.34% | +16.64% |
| 2018 | +1.45% | -1.32% |
| 2017 | +1.72% | N/A |
| 2016 | -0.96% | N/A |
| 2015 | +0.97% | N/A |
| 2014 | +0.38% | N/A |
| 2013 | +0.15% | N/A |
| 2012 | +1.19% | N/A |
| 2011 | +1.90% | N/A |
| 2010 | +0.74% | N/A |
SMMU vs FLHY Drawdown Comparison
The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.
The maximum drawdown for FLHY was -22.58%, occurring on Mar 23, 2020. Recovery took 116 trading sessions.
The current SMMU drawdown is -0.04%.
| Rank | SMMU | FLHY |
|---|---|---|
| #1 | -5.09% Mar 9, 2020 - Jun 4, 2020 | -22.58% Feb 12, 2020 - Jul 29, 2020 |
| #2 | -4.76% Aug 3, 2021 - Nov 22, 2023 | -15.19% Dec 27, 2021 - Dec 13, 2023 |
| #3 | -3.53% Aug 31, 2016 - Apr 21, 2017 | -5.44% Sep 28, 2018 - Jan 18, 2019 |
| #4 | -1.95% Apr 4, 2025 - Jun 5, 2025 | -4.50% Mar 3, 2025 - May 12, 2025 |
| #5 | -1.87% Apr 19, 2013 - Feb 28, 2014 | -2.48% Sep 15, 2021 - Dec 22, 2021 |
| #6 | -1.43% Sep 29, 2010 - May 16, 2011 | -2.46% Sep 2, 2020 - Oct 7, 2020 |
| #7 | -1.31% Sep 5, 2017 - Jul 23, 2018 | -2.43% Feb 18, 2026 - Apr 9, 2026 |
| #8 | -1.04% Oct 2, 2024 - Dec 3, 2024 | -2.42% Feb 12, 2021 - May 3, 2021 |
| #9 | -1.04% Jun 6, 2017 - Aug 21, 2017 | -1.75% Mar 27, 2024 - May 3, 2024 |
| #10 | -0.98% Dec 6, 2024 - Feb 4, 2025 | -1.61% Oct 12, 2020 - Nov 5, 2020 |
| #11 | -0.84% Aug 19, 2019 - Dec 13, 2019 | -1.60% Apr 30, 2019 - Jun 11, 2019 |
| #12 | -0.78% Sep 10, 2018 - Dec 6, 2018 | -1.55% Dec 4, 2024 - Jan 21, 2025 |
| #13 | -0.77% Feb 27, 2026 - Jun 11, 2026 | -1.52% Dec 27, 2023 - Jan 29, 2024 |
| #14 | -0.71% Aug 3, 2011 - Aug 18, 2011 | -1.42% Jul 3, 2019 - Aug 27, 2019 |
| #15 | -0.68% Mar 13, 2024 - May 15, 2024 | -1.40% Jan 16, 2020 - Feb 11, 2020 |
Correlation
Correlation between SMMU and FLHY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2010 - 2026)
SMMU vs FLHY dividend yield comparison.
| Year | SMMU | FLHY |
|---|---|---|
| 2026 | 1.67% | 3.76% |
| 2025 | 2.80% | 6.53% |
| 2024 | 3.03% | 6.51% |
| 2023 | 2.79% | 6.26% |
| 2022 | 1.37% | 6.54% |
| 2021 | 0.60% | 5.76% |
| 2020 | 1.19% | 5.47% |
| 2019 | 1.82% | 5.61% |
| 2018 | 1.57% | 4.27% |
| 2017 | 1.41% | 0.00% |
| 2016 | 1.03% | 0.00% |
| 2015 | 0.89% | 0.00% |
| 2014 | 0.67% | 0.00% |
| 2013 | 0.50% | 0.00% |
| 2012 | 1.05% | 0.00% |
| 2011 | 1.04% | 0.00% |
| 2010 | 1.05% | 0.00% |
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