DFCAvsFLMBETF Comparison
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Dimensional California Municipal Bond ETF (DFCA) belongs to the Municipal Bonds segment. Franklin Municipal Green Bond ETF (FLMB) is part of the Green Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. DFCA is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.3% for FLMB. DFCA is down -1.42% year-to-date (YTD) with -$53M in YTD flows. FLMB performs worse with -5.85% YTD performance, and -$35M in YTD flows. Run a side-by-side ETF comparison of DFCA and FLMB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DFCA vs FLMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DFCA FLMB | -0.25%-1.53% | -2.57%-6.23% | -1.42%-5.85% | -0.56%-6.06% | +7.63%+7.44% | n/a-8.84% |
| Flows | DFCA FLMB | -$180M-$16M | -$157M-$18M | -$53M-$35M | +$6M-$34M | +$368M-$54M | --$51M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DFCA FLMB | +3.74%+6.82% | +2.24%+4.30% | +2.42%+4.87% | n/a+4.86% |
| Max drawdown | DFCA FLMB | -4.53%-8.59% | -4.89%-10.38% | -4.89%-10.38% | n/a-19.00% |
| Max drawdown duration | DFCA FLMB | 92d92d | 228d229d | 228d229d | n/a1747d |
Trading data
DFCA | FLMB | |
Last sale 10/19/2026 at 6:32 PM | $48.38 | $22.28 |
| Previous close 10/16/2026 | $48.39 | $22.27 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 6:32 PM
Live
Closed
DFCA | FLMB | |
|---|---|---|
| Last price | $48.38 | $22.28 |
| 1D performance | -0.03% | +0.04% |
| AuM | $522.39 M | $53.45 M |
| E/R | 0.19% | 0.3% |
Characteristics
DFCA | FLMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Dimensional | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 130 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2023 | August 31, 2017 |
| ESG | No | Yes |
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Exposure
Countries
DFCA
USA
36.89%
Other
63.11%
FLMB
USA
34.8%
Other
65.2%
Sectors
DFCA
Municipal
36.89%
Other
63.11%
FLMB
Municipal
34.8%
Other
65.2%
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Diversification
DFCA
Total weight of top 15 holdings out of 15
16.19%
FLMB
Total weight of top 15 holdings out of 15
53.21%
Top 15 holdings
Data as of August 31, 2026
DFCA
US072024YF30
2.25%
US544657JD25
1.84%
California, 5% 1apr2035, USD
1.53%
US769110DA28
1.32%
US797661G257
1.04%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.96%
US544647HM52
0.91%
US797661D510
0.90%
California, 5% 1oct2042, USD
0.88%
California, 5% 1oct2029, USD
0.79%
US013079R2J7
0.77%
California, 5% 1mar2038, USD
0.77%
US797661F424
0.76%
California, 4% 1nov2036, USD
0.74%
US13077DYZ94
0.73%
FLMB
US13013JDB98
5.24%
US13049YFL02
4.85%
US13013JCM62
4.76%
US45203NAV10
4.40%
US45884AB937
4.38%
Central Valley Water Reclamation Facility, 4% 1mar2047, USD (2021C)
4.14%
Atlanta Airport, 5.25% 1jul2043, USD (2023E)
3.49%
US7352403K70
3.30%
San Diego Regional Airport Authority, 5% 1jul2051, USD (2021B)
3.27%
US924166JC65
2.86%
US57422JBY38
2.83%
US155048EG20
2.71%
American Municipal Power Inc., 5% 15feb2044, USD (2019A)
2.37%
New York Liberty Development Corp., 2.5% 15nov2036, USD (2021A)
2.37%
US650360AD27
2.25%
Frequently asked questions about DFCA and FLMB
How have the DFCA and FLMB ETFs performed in 2026?
As of October 15, 2026, DFCA is down -1.42% year-to-date (YTD), while FLMB has lost -5.85%. That puts DFCA better performer ahead so far this year.
Which ETF is attracting more investor money: DFCA or FLMB?
Year-to-date, the DFCA ETF saw -$53M in flows, compared to -$35M for FLMB.
Which ETF is more volatile: DFCA or FLMB?
Over the past year, DFCA had a volatility of 2.24%, while FLMB experienced 4.3%.
Which ETF is bigger: DFCA or FLMB?
As of October 15, 2026, DFCA holds $522.39 M in assets under management (AUM), while FLMB manages $53.45 M.
What sectors do the DFCA and FLMB ETFs invest in?
DFCA leans toward sectors like Municipal. Meanwhile, FLMB focuses on Municipal.
What are the top holdings of the DFCA ETF and FLMB ETF?
DFCA top holdings include US072024YF30, US544657JD25 and California, 5% 1apr2035, USD. FLMB holds in its top three: US13013JDB98, US13049YFL02 and US13013JCM62.
Which ETF is more diversified: DFCA or FLMB?
DFCA holds 490 securities with 16.19% of its assets in the top 15. FLMB has 75 securities and a top 15 weight of 53.21%.
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