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 up 0.65% year-to-date (YTD) with +$97M in YTD flows. FLMB performs worse with -2.54% YTD performance, and -$20M 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 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXE FLMB | +0.06%-1.30% | -0.89%-3.40% | +0.65%-2.54% | +4.35%+1.81% | n/a+7.21% | n/a-6.90% |
| Flows | TAXE FLMB | +$14M-$4M | +$43M-$10M | +$97M-$20M | +$118M-$19M | --$38M | --$42M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXE FLMB | +2.13%+3.81% | +2.05%+3.36% | n/a+4.71% | n/a+4.66% |
| Max drawdown | TAXE FLMB | -1.72%-4.24% | -2.39%-4.82% | n/a-6.80% | n/a-19.53% |
| Max drawdown duration | TAXE FLMB | 56d63d | 122d184d | n/a282d | n/a1806d |
Trading data
TAXE | FLMB | |
Last sale 9/1/2026 at 1:30 PM | $50.03 | $23.00 |
| Previous close 09/01/2026 | $50.18 | $23.26 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
TAXE | FLMB | |
|---|---|---|
| Last price | $50.03 | $23.00 |
| 1D performance | -0.31% | -1.10% |
| AuM | $202.94 M | $70.32 M |
| E/R | 0.24% | 0.3% |
Characteristics
TAXE | FLMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 163 | 27 |
| 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
35.75%
Other
64.25%
FLMB
USA
35.22%
Other
64.78%
Sectors
TAXE
Municipal
35.75%
Other
64.25%
FLMB
Municipal
35.22%
Other
64.78%
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Diversification
TAXE
Total weight of top 15 holdings out of 15
12.17%
FLMB
Total weight of top 15 holdings out of 15
50.44%
Top 15 holdings
Data as of July 31, 2026
TAXE
US45204FME24
1.90%
US46246K5E87
0.96%
Michigan Finance Authority, 5% 15aug2055, USD (2025B-1)
0.91%
Puerto Rico, 5.75% 1jul2031, USD
0.85%
US45506EQS53
0.83%
US249182LT15
0.81%
Denver, 5% 1dec2029, USD (2018A)
0.79%
Colorado, 6% 15dec2041, USD (2022)
0.72%
US899530AY53
0.72%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.70%
Puerto Rico Sales Tax Financing Corp., 4.55% 1jul2040, USD
0.62%
US64972JNL88
0.61%
US92812XXT44
0.60%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.59%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
0.58%
FLMB
US13013JDB98
4.96%
US13049YFL02
4.63%
US13013JCM62
4.49%
US45203NAV10
4.17%
US45884AB937
4.16%
Central Valley Water Reclamation Facility, 4% 1mar2047, USD (2021C)
3.87%
Atlanta Airport, 5.25% 1jul2043, USD (2023E)
3.33%
US7352403K70
3.12%
San Diego Regional Airport Authority, 5% 1jul2051, USD (2021B)
3.09%
US924166JC65
2.70%
US57422JBY38
2.69%
US155048EG20
2.55%
American Municipal Power Inc., 5% 15feb2044, USD (2019A)
2.30%
New York Liberty Development Corp., 2.5% 15nov2036, USD (2021A)
2.24%
US650360AD27
2.14%
Frequently asked questions about TAXE and FLMB
How have the TAXE and FLMB ETFs performed in 2026?
As of August 31, 2026, TAXE is up 0.65% year-to-date (YTD), while FLMB has lost -2.54%. 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 +$97M in flows, compared to -$20M for FLMB.
Which ETF is more volatile: TAXE or FLMB?
Over the past year, TAXE had a volatility of 2.05%, while FLMB experienced 3.36%.
Which ETF is bigger: TAXE or FLMB?
As of August 31, 2026, TAXE holds $202.94 M in assets under management (AUM), while FLMB manages $70.32 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 US45204FME24, US46246K5E87 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 579 securities with 12.17% of its assets in the top 15. FLMB has 78 securities and a top 15 weight of 50.44%.
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