FLMBvsMMCAETF Comparison
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Franklin Municipal Green Bond ETF (FLMB) belongs to the Green Bonds segment. NYLI MacKay California Muni Intermediate ETF (MMCA) is part of the Municipal Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. FLMB is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.7% for MMCA. FLMB is down -2.55% year-to-date (YTD) with -$20M in YTD flows. MMCA performs better with -0.72% YTD performance, and +$23M in YTD flows. Run a side-by-side ETF comparison of FLMB and MMCA 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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FLMB vs MMCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMB MMCA | -1.59%-0.77% | -3.71%-1.79% | -2.55%-0.72% | +1.17%+2.17% | +7.33%+11.16% | -6.85%n/a |
| Flows | FLMB MMCA | -$4M- | -$10M+$3M | -$20M+$23M | -$19M+$59M | -$38M+$58M | -$42M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMB MMCA | +3.76%+2.63% | +3.32%+2.29% | +4.71%+2.96% | +4.66%n/a |
| Max drawdown | FLMB MMCA | -4.26%-2.23% | -4.83%-2.90% | -6.80%-3.70% | -19.53%n/a |
| Max drawdown duration | FLMB MMCA | 66d60d | 187d187d | 282d151d | 1809dn/a |
Trading data
FLMB | MMCA | |
Last sale 9/4/2026 at 1:30 PM | $23.03 | $21.24 |
| Previous close 09/03/2026 | $23.04 | $21.22 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
FLMB | MMCA | |
|---|---|---|
| Last price | $23.03 | $21.24 |
| 1D performance | -0.04% | +0.09% |
| AuM | $70.31 M | $89.16 M |
| E/R | 0.3% | 0.7% |
Characteristics
FLMB | MMCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 27 | 35 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | December 22, 2021 |
| ESG | Yes | No |
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Exposure
Countries
FLMB
USA
35.22%
Other
64.78%
MMCA
USA
33.52%
Other
66.48%
Sectors
FLMB
Municipal
35.22%
Other
64.78%
MMCA
Municipal
33.52%
Other
66.48%
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Diversification
FLMB
Total weight of top 15 holdings out of 15
50.44%
MMCA
Total weight of top 15 holdings out of 15
25.56%
Top 15 holdings
Data as of July 31, 2026
FLMB
US13013JDB98
4.96%
US13049YFL02
4.63%
US13013JCM62
4.49%
US45203NAV10
4.17%
US45884AB937
4.16%
Central Valley Water Reclamation Facility, 4% 1mar2047, USD (2021C)
3.87%
Atlanta Airport, 5.25% 1jul2043, USD (2023E)
3.33%
US7352403K70
3.12%
San Diego Regional Airport Authority, 5% 1jul2051, USD (2021B)
3.09%
US924166JC65
2.70%
US57422JBY38
2.69%
US155048EG20
2.55%
American Municipal Power Inc., 5% 15feb2044, USD (2019A)
2.30%
New York Liberty Development Corp., 2.5% 15nov2036, USD (2021A)
2.24%
US650360AD27
2.14%
MMCA
California Community Choice Financing Authority, 5% 1oct2034, USD (2026G)
2.70%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
2.29%
US13013JCM62
2.26%
California Public Works Board, 5% 1sep2035, USD (2026)
2.14%
US120827ES50
2.06%
US13077DYV80
1.84%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.60%
California Infrastructure and Economic Development Bank, 3.25% 1jun2033, USD (2026)
1.59%
US845389PU30
1.37%
US13032UWT14
1.37%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
1.35%
US13080SJE54
1.29%
US376087EM00
1.24%
Anaheim Community Facilities District №08-1, 4% 1sep2041, USD (2016)
1.23%
US010824PH72
1.20%
Frequently asked questions about FLMB and MMCA
How have the FLMB and MMCA ETFs performed in 2026?
As of September 4, 2026, FLMB is down -2.55% year-to-date (YTD), while MMCA has lost -0.72%. That puts MMCA better performer ahead so far this year.
Which ETF is attracting more investor money: FLMB or MMCA?
Year-to-date, the FLMB ETF saw -$20M in flows, compared to +$23M for MMCA.
Which ETF is more volatile: FLMB or MMCA?
Over the past year, FLMB had a volatility of 3.32%, while MMCA experienced 2.29%.
Which ETF is bigger: FLMB or MMCA?
As of September 4, 2026, FLMB holds $70.31 M in assets under management (AUM), while MMCA manages $89.16 M.
What sectors do the FLMB and MMCA ETFs invest in?
FLMB leans toward sectors like Municipal. Meanwhile, MMCA focuses on Municipal.
What are the top holdings of the FLMB ETF and MMCA ETF?
FLMB top holdings include US13013JDB98, US13049YFL02 and US13013JCM62. MMCA holds in its top three: California Community Choice Financing Authority, 5% 1oct2034, USD (2026G), California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C) and US13013JCM62.
Which ETF is more diversified: FLMB or MMCA?
FLMB holds 78 securities with 50.44% of its assets in the top 15. MMCA has 124 securities and a top 15 weight of 25.56%.
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