FLMIvsBSMWETF Comparison
VS
Franklin Dynamic Municipal Bond ETF (FLMI) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW) belong to the same industry segment: Municipal Bonds. FLMI's top 3 sector exposures are Municipal, Consumer Services and Healthcare. In contrast, BSMW's top sector exposures are Municipal. FLMI is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.18% for BSMW. FLMI is down -3.16% year-to-date (YTD) with +$1.13B in YTD flows. BSMW performs better with -1.09% YTD performance, and +$94M in YTD flows. Run a side-by-side ETF comparison of FLMI and BSMW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FLMI vs BSMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMI BSMW | +1.21%+1.71% | -2.59%-0.89% | -3.16%-1.09% | -3.27%-0.69% | +15.37%+13.71% | +0.32%n/a |
| Flows | FLMI BSMW | +$30M+$19M | +$164M+$26M | +$1.13B+$94M | +$1.42B+$112M | +$2.32B+$212M | +$2.40B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMI BSMW | +6.05%+5.09% | +3.83%+3.22% | +3.94%+4.13% | +3.85%n/a |
| Max drawdown | FLMI BSMW | -6.74%-5.48% | -8.90%-6.62% | -8.90%-6.62% | -16.26%n/a |
| Max drawdown duration | FLMI BSMW | 71d71d | 236d236d | 236d236d | 1340dn/a |
Trading data
FLMI | BSMW | |
Last sale 10/23/2026 at 1:30 PM | $23.93 | $24.22 |
| Previous close 10/22/2026 | $23.89 | $24.15 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 26, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
FLMI
is actively managed and doesn’t replicate an indexFLMI | BSMW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FLMI | BSMW | |
|---|---|---|
| Last price | $23.93 | $24.22 |
| 1D performance | +0.17% | +0.31% |
| AuM | $2.38 B | $234.21 M |
| E/R | 0.3% | 0.18% |
Characteristics
FLMI | BSMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Invesco |
| Benchmark | - | ICE BulletShares USD Municipal Bond 2032 Index |
| N° of holdings | 214 | 629 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | March 1, 2023 |
| ESG | No | No |
Advertisement
Exposure
Countries
FLMI
USA
38.36%
Other
61.64%
BSMW
USA
40.37%
Other
59.63%
Sectors
FLMI
Municipal
38.03%
Other
61.97%
BSMW
Municipal
40.37%
Other
59.63%
Advertisement
Diversification
FLMI
Total weight of top 15 holdings out of 15
19.5%
BSMW
Total weight of top 15 holdings out of 15
5.14%
Top 15 holdings
Data as of August 31, 2026
FLMI
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
2.08%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.67%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.66%
Southeast Energy Authority, 5% 1jan2056, USD (2025A)
1.56%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.53%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.51%
US09182TGL52
1.44%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
1.33%
US592250EW01
1.21%
US771902HS55
1.09%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.96%
US292723DZ39
0.93%
US717901CC45
0.89%
US60637AFM99
0.85%
Southeast Energy Authority, 5% 1nov2035, USD (2025H)
0.80%
BSMW
University of California Medical Center, 5% 15may2047, USD (2022)
0.51%
New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023)
0.49%
US46246SAU96
0.42%
University of California, 5% 15may2032, USD (2022)
0.41%
University of California, 5% 15may2052, USD (2022)
0.38%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.35%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.31%
New Jersey, 4% 1jun2032, USD
0.30%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2051, USD (2022D)
0.29%
US13063DT817
0.29%
US89602HEY99
0.28%
US01728VWU06
0.28%
New York Transitional Finance Authority, 5% 1feb2047, USD
0.28%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.28%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.28%
Frequently asked questions about FLMI and BSMW
How have the FLMI and BSMW ETFs performed in 2026?
As of October 23, 2026, FLMI is down -3.16% year-to-date (YTD), while BSMW has lost -1.09%. That puts BSMW better performer ahead so far this year.
Which ETF is attracting more investor money: FLMI or BSMW?
Year-to-date, the FLMI ETF saw +$1.13B in flows, compared to +$94M for BSMW.
Which ETF is more volatile: FLMI or BSMW?
Over the past year, FLMI had a volatility of 3.83%, while BSMW experienced 3.22%.
Which ETF is bigger: FLMI or BSMW?
As of October 23, 2026, FLMI holds $2.38 B in assets under management (AUM), while BSMW manages $234.21 M.
What sectors do the FLMI and BSMW ETFs invest in?
FLMI leans toward sectors like Municipal. Meanwhile, BSMW focuses on Municipal.
What are the top holdings of the FLMI ETF and BSMW ETF?
FLMI top holdings include Black Belt Energy Gas District, 5% 1oct2035, USD (2025), Southeast Energy Authority, 5% 1nov2035, USD (2024A) and Kentucky Public Energy Authority, 5% 1may2036, USD (2025). BSMW holds in its top three: University of California Medical Center, 5% 15may2047, USD (2022), New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023) and US46246SAU96.
Which ETF is more diversified: FLMI or BSMW?
FLMI holds 1414 securities with 19.5% of its assets in the top 15. BSMW has 1912 securities and a top 15 weight of 5.14%.
Advertisement
Latest news about FLMI & BSMW
