TMSL vs FLMI
Comparison between T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF) and FRANKLIN DYNAMIC MUNICIPAL BOND ETF (FLMI, ETF).
TMSL vs FLMI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TMSL
$2B
FLMI
$2B
Expense Ratio
TMSL
0.55%
Winner
FLMI
0.30%
Max Drawdown
TMSL
24.72%
Winner
FLMI
17.26%
Sharpe Ratio
TMSL
1.26
Winner
FLMI
1.38
5Y Beta
TMSL
1.05
Winner
FLMI
0.01
P/E Ratio
TMSL
34.01
FLMI
N/A
Forward P/E
TMSL
16.35
FLMI
N/A
5Y Dividends CAGR
TMSL
N/A
FLMI
12.68%
Debt to Equity
TMSL
68.95%
FLMI
N/A
P/S Ratio
TMSL
1.48
FLMI
N/A
P/B Ratio
TMSL
3.13
FLMI
N/A
TMSL vs FLMI - Historical Returns
Returns include dividend reinvestment.
1M
TMSL
-0.74%
Winner
FLMI
+0.89%
3M
Winner
TMSL
+7.23%
FLMI
+0.52%
6M
Winner
TMSL
+12.06%
FLMI
+2.81%
1Y
Winner
TMSL
+27.82%
FLMI
+8.10%
5Y(CAGR)
TMSL
N/A
FLMI
+2.20%
10Y(CAGR)
TMSL
N/A
FLMI
+3.05%
Max(CAGR)
Winner
TMSL
+17.79%
FLMI
+3.05%
TMSL vs FLMI - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | TMSL | FLMI |
|---|---|---|
| 2026 | +11.17% | +2.22% |
| 2025 | +12.04% | +5.73% |
| 2024 | +16.39% | +5.19% |
| 2023 | +11.22% | +7.38% |
| 2022 | N/A | -10.15% |
| 2021 | N/A | +4.02% |
| 2020 | N/A | +5.96% |
| 2019 | N/A | +6.69% |
| 2018 | N/A | +0.34% |
| 2017 | N/A | -0.02% |
TMSL vs FLMI Drawdown Comparison
The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.
The maximum drawdown for FLMI was -14.66%, occurring on Oct 25, 2022. Recovery took 751 trading sessions.
The current TMSL drawdown is -3.62%. The current FLMI drawdown is -0.33%.
| Rank | TMSL | FLMI |
|---|---|---|
| #1 | -24.39% Nov 25, 2024 - Sep 5, 2025 | -14.66% Aug 4, 2021 - Jul 31, 2024 |
| #2 | -13.22% Jul 31, 2023 - Dec 13, 2023 | -13.63% Mar 9, 2020 - Nov 17, 2020 |
| #3 | -11.19% Feb 26, 2026 - Apr 17, 2026 | -4.66% Mar 3, 2025 - Sep 5, 2025 |
| #4 | -8.33% Jul 16, 2024 - Sep 19, 2024 | -2.90% Feb 27, 2026 - Mar 24, 2026 |
| #5 | -7.68% Mar 28, 2024 - Jul 15, 2024 | -2.61% Nov 29, 2024 - Feb 25, 2025 |
| #6 | -6.69% Oct 27, 2025 - Nov 28, 2025 | -2.57% Feb 12, 2021 - May 24, 2021 |
| #7 | -4.05% May 6, 2026 - May 26, 2026 | -2.21% Jan 31, 2018 - Jan 3, 2019 |
| #8 | -4.03% Sep 18, 2025 - Oct 23, 2025 | -1.95% Oct 1, 2024 - Nov 29, 2024 |
| #9 | -3.76% Nov 11, 2024 - Nov 22, 2024 | -1.56% Sep 3, 2019 - Jan 24, 2020 |
| #10 | -3.62% May 26, 2026 - Jun 5, 2026 | -0.90% Jun 16, 2021 - Jul 8, 2021 |
| #11 | -3.27% Dec 27, 2023 - Jan 22, 2024 | -0.90% Sep 5, 2017 - Jan 8, 2018 |
| #12 | -3.18% Dec 11, 2025 - Jan 6, 2026 | -0.73% Aug 5, 2024 - Aug 20, 2024 |
| #13 | -2.93% Oct 17, 2024 - Nov 6, 2024 | -0.52% Sep 18, 2025 - Oct 1, 2025 |
| #14 | -2.59% Apr 20, 2026 - May 5, 2026 | -0.52% Oct 28, 2025 - Nov 11, 2025 |
| #15 | -2.56% Jun 15, 2023 - Jun 29, 2023 | -0.44% Aug 20, 2024 - Sep 3, 2024 |
Correlation
Correlation between TMSL and FLMI is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2017 - 2026)
TMSL vs FLMI dividend yield comparison.
| Year | TMSL | FLMI |
|---|---|---|
| 2026 | 0.00% | 1.64% |
| 2025 | 0.57% | 3.89% |
| 2024 | 0.44% | 4.08% |
| 2023 | 0.34% | 3.71% |
| 2022 | 0.00% | 3.08% |
| 2021 | 0.00% | 2.22% |
| 2020 | 0.00% | 2.09% |
| 2019 | 0.00% | 2.71% |
| 2018 | 0.00% | 2.41% |
| 2017 | 0.00% | 0.34% |
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