SMBvsFLCBETF Comparison
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VanEck Short Muni ETF (SMB) belongs to the Municipal Bonds segment. Franklin U.S. Core Bond ETF (FLCB) is part of the US Corporate IG Bonds segment. SMB's top 1 sector exposures are Municipal. In contrast, FLCB's top sector exposures are Sovereign, Finance and Industrials. SMB is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.15% for FLCB. SMB is up 0.74% year-to-date (YTD) with +$24M in YTD flows. FLCB performs worse with -2.6% YTD performance, and +$373M in YTD flows. Run a side-by-side ETF comparison of SMB and FLCB 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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SMB vs FLCB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMB FLCB | +0.17%-0.46% | +0.12%-1.92% | +0.74%-2.60% | +1.66%-1.38% | +9.80%+8.40% | +5.63%-9.58% |
| Flows | SMB FLCB | +$6M+$48M | +$15M+$215M | +$24M+$373M | +$35M+$475M | +$58M+$1.50B | +$21M+$1.78B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMB FLCB | +0.99%+4.24% | +1.00%+3.90% | +1.33%+5.13% | +1.46%+5.79% |
| Max drawdown | SMB FLCB | -0.65%-2.67% | -1.33%-4.44% | -1.62%-4.81% | -6.68%-20.67% |
| Max drawdown duration | SMB FLCB | 57d64d | 184d184d | 58d284d | 1045d1813d |
Trading data
SMB | FLCB | |
Last sale 9/2/2026 at 1:30 PM | $17.12 | $20.93 |
| Previous close 09/01/2026 | $17.16 | $20.92 |
| 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 indexSMB | FLCB | |
|---|---|---|
| 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
SMB | FLCB | |
|---|---|---|
| Last price | $17.12 | $20.93 |
| 1D performance | -0.23% | +0.05% |
| AuM | $316.70 M | $3.06 B |
| E/R | 0.07% | 0.15% |
Characteristics
SMB | FLCB | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | VanEck | Franklin Templeton |
| Benchmark | ICE Short AMT-Free Broad National Municipal Index | - |
| N° of holdings | 233 | 842 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 22, 2008 | September 17, 2019 |
| ESG | No | No |
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Exposure
Countries
SMB
USA
71.89%
Other
28.11%
FLCB
USA
58.73%
Other
41.27%
Sectors
SMB
Municipal
71.89%
Other
28.11%
FLCB
Sovereign
26.14%
Finance
10.54%
Industrials
8.67%
Other
54.65%
Diversification
SMB
Total weight of top 15 holdings out of 15
13.26%
FLCB
Total weight of top 15 holdings out of 15
18.89%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about SMB and FLCB
How have the SMB and FLCB ETFs performed in 2026?
As of September 1, 2026, SMB is up 0.74% year-to-date (YTD), while FLCB has lost -2.6%. That puts SMB better performer ahead so far this year.
Which ETF is attracting more investor money: SMB or FLCB?
Year-to-date, the SMB ETF saw +$24M in flows, compared to +$373M for FLCB.
Which ETF is more volatile: SMB or FLCB?
Over the past year, SMB had a volatility of 1%, while FLCB experienced 3.9%.
Which ETF is bigger: SMB or FLCB?
As of September 1, 2026, SMB holds $316.70 M in assets under management (AUM), while FLCB manages $3.06 B.
What sectors do the SMB and FLCB ETFs invest in?
SMB leans toward sectors like Municipal. Meanwhile, FLCB focuses on Sovereign, Finance and Industrials.
What are the top holdings of the SMB ETF and FLCB ETF?
SMB top holdings include US64972LAF04, US45506EMV29 and California, 5% 1apr2030, USD. FLCB holds in its top three: 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).
Which ETF is more diversified: SMB or FLCB?
SMB holds 329 securities with 13.26% of its assets in the top 15. FLCB has 1008 securities and a top 15 weight of 18.89%.
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