FLCBvsSMBETF Comparison
VS
Franklin U.S. Core Bond ETF (FLCB) belongs to the US Corporate IG Bonds segment. VanEck Short Muni ETF (SMB) is part of the Municipal Bonds segment. FLCB's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, SMB's top sector exposures are Municipal. FLCB is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.07% for SMB. FLCB is down -2.6% year-to-date (YTD) with +$373M in YTD flows. SMB performs better with 0.74% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of FLCB and SMB 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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FLCB vs SMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLCB SMB | -0.46%+0.17% | -1.92%+0.12% | -2.60%+0.74% | -1.38%+1.66% | +8.40%+9.80% | -9.58%+5.63% |
| Flows | FLCB SMB | +$48M+$6M | +$215M+$15M | +$373M+$24M | +$475M+$35M | +$1.50B+$58M | +$1.78B+$21M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLCB SMB | +4.24%+0.99% | +3.90%+1.00% | +5.13%+1.33% | +5.79%+1.46% |
| Max drawdown | FLCB SMB | -2.67%-0.65% | -4.44%-1.33% | -4.81%-1.62% | -20.67%-6.68% |
| Max drawdown duration | FLCB SMB | 64d57d | 184d184d | 284d58d | 1813d1045d |
Trading data
FLCB | SMB | |
Last sale 9/2/2026 at 1:30 PM | $20.93 | $17.12 |
| Previous close 09/01/2026 | $20.92 | $17.16 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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FLCB
is actively managed and doesn’t replicate an indexFLCB | SMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FLCB | SMB | |
|---|---|---|
| Last price | $20.93 | $17.12 |
| 1D performance | +0.05% | -0.23% |
| AuM | $3.06 B | $316.70 M |
| E/R | 0.15% | 0.07% |
Characteristics
FLCB | SMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | VanEck |
| Benchmark | - | ICE Short AMT-Free Broad National Municipal Index |
| N° of holdings | 842 | 233 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2019 | February 22, 2008 |
| ESG | No | No |
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Exposure
Countries
FLCB
USA
58.73%
Other
41.27%
SMB
USA
71.89%
Other
28.11%
Sectors
FLCB
Sovereign
26.14%
Finance
10.54%
Industrials
8.67%
Other
54.65%
SMB
Municipal
71.89%
Other
28.11%
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Diversification
FLCB
Total weight of top 15 holdings out of 15
18.89%
SMB
Total weight of top 15 holdings out of 15
13.26%
Top 15 holdings
Data as of July 31, 2026
FLCB
USA, Notes 3.25% 30jun2027, USD (AA-2027)
2.83%
USA, Notes 4.125% 30apr2033, USD (K-2033)
2.52%
USA, Notes 1.375% 31dec2028, USD (T-2028)
1.82%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.75%
USA, Bonds 1.375% 15aug2050, USD
1.14%
USA, Notes 4% 31oct2029, USD (R-2029)
1.07%
USA, Notes 3.5% 30apr2028, USD (Y-2028)
1.05%
USA, Bonds 4.75% 15aug2055, USD
1.02%
USA, Notes 0.5% 30jun2027, USD (M-2027)
0.97%
USA, Notes 1.25% 31may2028, USD (L-2028)
0.84%
USA, Bonds 3% 15nov2044, USD
0.82%
USA, Bonds 2% 15nov2041, USD
0.81%
USA, Bonds 3% 15feb2049, USD
0.81%
USA, Bonds 1.25% 15may2050, USD
0.72%
USA, Notes 4.125% 31aug2030, USD (P-2030)
0.71%
SMB
US64972LAF04
1.05%
US45506EMV29
1.03%
California, 5% 1apr2030, USD
1.03%
US160853VD67
1.03%
Southeast Energy Authority, 4% 1dec2051, USD
0.95%
Massachusetts, 5% 1may2031, USD
0.91%
US48542AFE64
0.90%
New Jersey, 2% 1jun2030, USD (2021)
0.89%
US64972KKJ33
0.84%
Massachusetts, 5% 1oct2031, USD (2022)
0.79%
US13078HAY80
0.79%
Massachusetts Water Resources Authority, 5.25% 1aug2030, USD
0.78%
US56035DGT37
0.76%
Main Street Natural Gas Inc., 5% 1apr2054, USD (2024D)
0.75%
Tennessee Energy Acquisition Corp., 5% 1may2052, USD (2020A)
0.75%
Frequently asked questions about FLCB and SMB
How have the FLCB and SMB ETFs performed in 2026?
As of September 1, 2026, FLCB is down -2.6% year-to-date (YTD), while SMB has returned 0.74%. That puts SMB better performer ahead so far this year.
Which ETF is attracting more investor money: FLCB or SMB?
Year-to-date, the FLCB ETF saw +$373M in flows, compared to +$24M for SMB.
Which ETF is more volatile: FLCB or SMB?
Over the past year, FLCB had a volatility of 3.9%, while SMB experienced 1%.
Which ETF is bigger: FLCB or SMB?
As of September 1, 2026, FLCB holds $3.06 B in assets under management (AUM), while SMB manages $316.70 M.
What sectors do the FLCB and SMB ETFs invest in?
FLCB leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, SMB focuses on Municipal.
What are the top holdings of the FLCB ETF and SMB ETF?
FLCB top holdings include USA, Notes 3.25% 30jun2027, USD (AA-2027), USA, Notes 4.125% 30apr2033, USD (K-2033) and USA, Notes 1.375% 31dec2028, USD (T-2028). SMB holds in its top three: US64972LAF04, US45506EMV29 and California, 5% 1apr2030, USD.
Which ETF is more diversified: FLCB or SMB?
FLCB holds 1008 securities with 18.89% of its assets in the top 15. SMB has 329 securities and a top 15 weight of 13.26%.
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