PSQOvsFLMIETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. Franklin Dynamic Municipal Bond ETF (FLMI) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Non-Corporate. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.3% for FLMI. PSQO is up 3.13% year-to-date (YTD) with +$192M in YTD flows. FLMI performs worse with -4.5% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of PSQO and FLMI 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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PSQO vs FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQO FLMI | +0.14%-1.00% | +0.81%-5.20% | +3.13%-4.50% | +4.40%-4.32% | n/a+12.42% | n/a-1.40% |
| Flows | PSQO FLMI | +$19M-$38M | +$46M+$143M | +$192M+$1.09B | +$214M+$1.40B | -+$2.28B | -+$2.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO FLMI | +0.59%+5.82% | +0.69%+3.69% | n/a+3.92% | n/a+3.82% |
| Max drawdown | PSQO FLMI | -0.24%-7.22% | -0.68%-8.90% | n/a-8.90% | n/a-16.26% |
| Max drawdown duration | PSQO FLMI | 22d92d | 40d229d | n/a229d | n/a1340d |
Trading data
PSQO | FLMI | |
Last sale 10/19/2026 at 1:30 PM | $20.56 | $23.62 |
| Previous close 10/16/2026 | $20.59 | $23.62 |
| 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 1:30 PM
Live
Closed
PSQO | FLMI | |
|---|---|---|
| Last price | $20.56 | $23.62 |
| 1D performance | -0.15% | +0.00% |
| AuM | $308.98 M | $2.31 B |
| E/R | 0.52% | 0.3% |
Characteristics
PSQO | FLMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Palmer Square | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 164 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
38.48%
Other
61.52%
FLMI
USA
38.36%
Other
61.64%
Sectors
PSQO
Sovereign
10.89%
Industrials
7.3%
Other
81.81%
FLMI
Municipal
38.03%
Other
61.97%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
21.52%
FLMI
Total weight of top 15 holdings out of 15
19.5%
Top 15 holdings
Data as of August 31, 2026
PSQO
Fidelity Investments Money Market Treasury Portfolio
5.68%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
2.37%
USA, Notes 4% 31may2028, USD (BC-2028)
2.37%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.84%
USA, Notes 4% 31jan2029, USD (U-2029)
1.44%
USA, Bills 0% 5nov2026, USD (182D)
1.18%
US14317KAQ76
1.02%
USA, Bills 0% 19nov2026, USD (182D)
0.84%
US38190MAJ09
0.68%
US29002GAU58
0.68%
US89640AAY29
0.68%
US14315GAW50
0.68%
US671000AL11
0.68%
US55956CAA99
0.68%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
0.68%
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%
Frequently asked questions about PSQO and FLMI
How have the PSQO and FLMI ETFs performed in 2026?
As of October 16, 2026, PSQO is up 3.13% year-to-date (YTD), while FLMI has lost -4.5%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or FLMI?
Year-to-date, the PSQO ETF saw +$192M in flows, compared to +$1.09B for FLMI.
Which ETF is more volatile: PSQO or FLMI?
Over the past year, PSQO had a volatility of 0.69%, while FLMI experienced 3.69%.
Which ETF is bigger: PSQO or FLMI?
As of October 16, 2026, PSQO holds $308.98 M in assets under management (AUM), while FLMI manages $2.31 B.
What sectors do the PSQO and FLMI ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the PSQO ETF and FLMI ETF?
PSQO top holdings include Fidelity Investments Money Market Treasury Portfolio, USA, Notes 3.875% 31dec2027, USD (AH-2027) and USA, Notes 4% 31may2028, USD (BC-2028). FLMI holds in its top three: 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).
Which ETF is more diversified: PSQO or FLMI?
PSQO holds 427 securities with 21.52% of its assets in the top 15. FLMI has 1414 securities and a top 15 weight of 19.5%.
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Latest news about PSQO & FLMI
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