STAXvsFLMBETF Comparison
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Nomura Tax-Free USA Short Term ETF (STAX) belongs to the Municipal Bonds segment. Franklin Municipal Green Bond ETF (FLMB) is part of the Green Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. STAX is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.3% for FLMB. STAX is up 0.62% year-to-date (YTD) with +$6M in YTD flows. FLMB performs worse with -5.93% YTD performance, and -$35M in YTD flows. Run a side-by-side ETF comparison of STAX and FLMB 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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STAX vs FLMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | STAX FLMB | +0.07%-1.61% | -0.84%-6.13% | +0.62%-5.93% | +1.08%-6.30% | n/a+9.35% | n/a-8.84% |
| Flows | STAX FLMB | -$3K-$15M | -$2M-$18M | +$6M-$35M | +$6M-$34M | --$51M | --$51M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | STAX FLMB | +2.39%+6.88% | +1.45%+4.30% | n/a+4.83% | n/a+4.86% |
| Max drawdown | STAX FLMB | -2.49%-8.42% | -2.57%-10.38% | n/a-10.38% | n/a-19.00% |
| Max drawdown duration | STAX FLMB | 67d91d | 104d232d | n/a232d | n/a1750d |
Trading data
STAX | FLMB | |
Last sale 10/20/2026 at 1:30 PM | $24.94 | $22.28 |
| Previous close 10/19/2026 | $24.93 | $22.22 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
STAX | FLMB | |
|---|---|---|
| Last price | $24.94 | $22.28 |
| 1D performance | +0.02% | +0.26% |
| AuM | $11.24 M | $53.40 M |
| E/R | 0.29% | 0.3% |
Characteristics
STAX | FLMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 30 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 28, 2023 | August 31, 2017 |
| ESG | No | Yes |
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Exposure
Countries
STAX
USA
34.04%
Other
65.96%
FLMB
USA
34.8%
Other
65.2%
Sectors
STAX
Municipal
34.04%
Other
65.96%
FLMB
Municipal
34.8%
Other
65.2%
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Diversification
STAX
Total weight of top 15 holdings out of 15
27.98%
FLMB
Total weight of top 15 holdings out of 15
53.21%
Top 15 holdings
Data as of August 31, 2026
STAX
US650116FF84
2.40%
US4521525L18
2.31%
US85236DAK46
2.12%
Chicago, 5% 1nov2026, USD (2004)
2.08%
US45470YGF25
1.90%
US54877EAC03
1.89%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2029, USD (2018A)
1.82%
New York Transportation Development Corp., 5% 1jan2028, USD (2018)
1.80%
US472682YZ07
1.79%
US73358XNJ71
1.74%
US60374VEX73
1.73%
US46613SRN26
1.73%
US725304TX70
1.66%
US63608SAG75
1.55%
Equitable School Revolving Fund, 5% 1nov2028, USD (2022A)
1.47%
FLMB
US13013JDB98
5.24%
US13049YFL02
4.85%
US13013JCM62
4.76%
US45203NAV10
4.40%
US45884AB937
4.38%
Central Valley Water Reclamation Facility, 4% 1mar2047, USD (2021C)
4.14%
Atlanta Airport, 5.25% 1jul2043, USD (2023E)
3.49%
US7352403K70
3.30%
San Diego Regional Airport Authority, 5% 1jul2051, USD (2021B)
3.27%
US924166JC65
2.86%
US57422JBY38
2.83%
US155048EG20
2.71%
American Municipal Power Inc., 5% 15feb2044, USD (2019A)
2.37%
New York Liberty Development Corp., 2.5% 15nov2036, USD (2021A)
2.37%
US650360AD27
2.25%
Frequently asked questions about STAX and FLMB
How have the STAX and FLMB ETFs performed in 2026?
As of October 19, 2026, STAX is up 0.62% year-to-date (YTD), while FLMB has lost -5.93%. That puts STAX better performer ahead so far this year.
Which ETF is attracting more investor money: STAX or FLMB?
Year-to-date, the STAX ETF saw +$6M in flows, compared to -$35M for FLMB.
Which ETF is more volatile: STAX or FLMB?
Over the past year, STAX had a volatility of 1.45%, while FLMB experienced 4.3%.
Which ETF is bigger: STAX or FLMB?
As of October 19, 2026, STAX holds $11.24 M in assets under management (AUM), while FLMB manages $53.40 M.
What sectors do the STAX and FLMB ETFs invest in?
STAX leans toward sectors like Municipal. Meanwhile, FLMB focuses on Municipal.
What are the top holdings of the STAX ETF and FLMB ETF?
STAX top holdings include US650116FF84, US4521525L18 and US85236DAK46. FLMB holds in its top three: US13013JDB98, US13049YFL02 and US13013JCM62.
Which ETF is more diversified: STAX or FLMB?
STAX holds 82 securities with 27.98% of its assets in the top 15. FLMB has 75 securities and a top 15 weight of 53.21%.
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