TAXEvsFLMBETF Comparison
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T. Rowe Price Intermediate Municipal Income ETF (TAXE) 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. TAXE is less expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.3% for FLMB. TAXE is down -0.99% year-to-date (YTD) with +$252M in YTD flows. FLMB performs worse with -5.85% YTD performance, and -$35M in YTD flows. Run a side-by-side ETF comparison of TAXE 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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TAXE vs FLMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXE FLMB | -0.03%-1.53% | -2.75%-6.23% | -0.99%-5.85% | -0.00%-6.06% | n/a+7.44% | n/a-8.84% |
| Flows | TAXE FLMB | +$153M-$16M | +$184M-$18M | +$252M-$35M | +$272M-$34M | --$54M | --$51M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXE FLMB | +4.50%+6.82% | +2.78%+4.30% | n/a+4.87% | n/a+4.86% |
| Max drawdown | TAXE FLMB | -5.12%-8.59% | -5.51%-10.38% | n/a-10.38% | n/a-19.00% |
| Max drawdown duration | TAXE FLMB | 92d92d | 101d229d | n/a229d | n/a1747d |
Trading data
TAXE | FLMB | |
Last sale 10/19/2026 at 6:15 PM | $49.25 | $22.28 |
| Previous close 10/16/2026 | $49.23 | $22.27 |
| 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 6:15 PM
Live
Closed
TAXE | FLMB | |
|---|---|---|
| Last price | $49.25 | $22.28 |
| 1D performance | +0.04% | +0.04% |
| AuM | $356.20 M | $53.45 M |
| E/R | 0.24% | 0.3% |
Characteristics
TAXE | FLMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 169 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 10, 2024 | August 31, 2017 |
| ESG | No | Yes |
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Exposure
Countries
TAXE
USA
36.28%
Other
63.72%
FLMB
USA
34.8%
Other
65.2%
Sectors
TAXE
Municipal
36.28%
Other
63.72%
FLMB
Municipal
34.8%
Other
65.2%
Diversification
TAXE
Total weight of top 15 holdings out of 15
11.04%
FLMB
Total weight of top 15 holdings out of 15
53.21%
Top 15 holdings
Data as of August 31, 2026
TAXE
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
1.63%
Puerto Rico, 5.75% 1jul2031, USD
0.87%
Michigan Finance Authority, 5% 15aug2055, USD (2025B-1)
0.85%
US249182LT15
0.75%
Denver, 5% 1dec2029, USD (2018A)
0.74%
US899530AY53
0.74%
US736754TT94
0.71%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.68%
Colorado, 6% 15dec2041, USD (2022)
0.67%
US040507QB45
0.59%
Puerto Rico Sales Tax Financing Corp., 4.55% 1jul2040, USD
0.58%
South Carolina Jobs-Economic Development Authority, 5% 1may2043, USD (2018A)
0.56%
US92812XXT44
0.56%
US64972JNL88
0.56%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.55%
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 TAXE and FLMB
How have the TAXE and FLMB ETFs performed in 2026?
As of October 15, 2026, TAXE is down -0.99% year-to-date (YTD), while FLMB has lost -5.85%. That puts TAXE better performer ahead so far this year.
Which ETF is attracting more investor money: TAXE or FLMB?
Year-to-date, the TAXE ETF saw +$252M in flows, compared to -$35M for FLMB.
Which ETF is more volatile: TAXE or FLMB?
Over the past year, TAXE had a volatility of 2.78%, while FLMB experienced 4.3%.
Which ETF is bigger: TAXE or FLMB?
As of October 15, 2026, TAXE holds $356.20 M in assets under management (AUM), while FLMB manages $53.45 M.
What sectors do the TAXE and FLMB ETFs invest in?
TAXE leans toward sectors like Municipal. Meanwhile, FLMB focuses on Municipal.
What are the top holdings of the TAXE ETF and FLMB ETF?
TAXE top holdings include New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023), Puerto Rico, 5.75% 1jul2031, USD and Michigan Finance Authority, 5% 15aug2055, USD (2025B-1). FLMB holds in its top three: US13013JDB98, US13049YFL02 and US13013JCM62.
Which ETF is more diversified: TAXE or FLMB?
TAXE holds 612 securities with 11.04% of its assets in the top 15. FLMB has 75 securities and a top 15 weight of 53.21%.
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