Which returned more over the last year, FLMI or MUB?

In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and MUB −2.0%.

Which is cheaper, FLMI or MUB?

MUB is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

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FLMI vs MUB: Differences, Returns & Fees

FLMI's duration was 6.8 years on Jun 30, 2026 and MUB's 6.3 on May 31, 2026; MUB charges 0.05% to FLMI's 0.30%. Net assets on Oct 9, 2026: $2.3bn for Franklin Dynamic Municipal Bond ETF and $48.9bn for iShares National Muni Bond ETF.

MUB costs 0.25 points a year less; their one-year returns differ by 0.1 points; MUB is far larger, $48.9bn against $2.3bn.

	FLMI	MUB
Expense ratio	0.30%	0.05%
Net assets	$2.3bn	$48.9bn
Total return, 1 year	−1.9%	−2.0%
What it tracks	No index, actively managed	ICE AMT-Free US National Municipal Index
Holdings in common	0%
Below its high	6.3%, high on Jul 2, 2026	5.3%, high on Jul 6, 2026

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

−1.9%

FLMI total return, 1 year

−2.0%

MUB total return, 1 year

0.30%

FLMI expense ratio

0.05%

MUB expense ratio

What they hold in common

By the books each fund has filed, FLMI and MUB hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jun 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding FLMI MUB

NY NYSTRN 4 03/15/2044, due Mar 15, 2044 0.30% 0.09%

NY MTATRN 5 11/15/2050, due Nov 15, 2050 0.29% 0.06%

IL ILS 5 03/01/2046, due Mar 1, 2046 0.31% 0.04%

IL ILS 5.25 05/01/2047, due May 1, 2047 0.16% 0.03%

IL CHI 5 01/01/2033, due Jan 1, 2033 0.03% 0.02%

NJ NJSTRN 4.25 06/15/2040, due Jun 15, 2040 0.32% 0.02%

WA ENEPWR 4 07/01/2042, due Jul 1, 2042 0.24% 0.02%

FL MIATRN 5 07/01/2052, due Jul 1, 2052 0.30% 0.02%

NY MTATRN 4.75 11/15/2045, due Nov 15, 2045 0.11% 0.02%

IL ILS 5.25 05/01/2048, due May 1, 2048 0.38% 0.01%

IL ILS 5.25 04/01/2043, due Apr 1, 2043 0.24% 0.01%

IL ILS 4 03/01/2041, due Mar 1, 2041 0.22% 0.01%

Only in FLMI

AL SEEPWR 5 11/01/2035, due Nov 1, 2035 1.78%

KY KYSPWR 5 05/01/2036, due May 1, 2036 1.74%

KY KYSPWR 5 12/01/2033, due Dec 1, 2033 1.60%

CA CCEDEV 5 03/01/2036, due Mar 1, 2036 1.47%

TN TNSUTL 5 12/01/2035, due Dec 1, 2035 1.42%

IL MPNFAC 4 12/15/2042, due Dec 15, 2042 1.34%

AL SEEPWR 01/01/2056, due Jan 1, 2056 1.34%

AL BBEUTL 11/01/2056, due Nov 1, 2056 1.32%

Only in MUB

Board of Regents of the University of Texas System, Series 2025B, due Aug 15, 2036 0.19%

New York State Thruway Authority, Series 2022A, due Mar 15, 2048 0.15%

San Antonio Water System, Series 2025D, due May 1, 2055 0.14%

Triborough Bridge & Tunnel Authority, Series 2005B-2, due Jan 1, 2032 0.14%

New York City Transitional Finance Authority Future Tax Secured, Series 2019C-4, due Nov 1, 2044 0.13%

New York State Dormitory Authority, Series 2019D, due Feb 15, 2047 0.13%

Ohio State University (The), Series 2026A, due Jun 1, 2035 0.13%

Houston Higher Education Finance Corp., Series 2024, due May 15, 2034 0.13%

Check overlap with more funds →

On the same fields

FLMI

Franklin Dynamic Municipal Bond ETF

MUB

iShares National Muni Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Franklin iShares

What it is Actively managed Tracks an index of National Muni Bond

Total return, 1 year −1.9% −2.0%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −19.2 pts −19.3 pts

Expense ratio 0.30% 0.05%

Holdings 1336 7448

Net assets $2.3bn $48.9bn

FLMI and MUB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FLMI in plain words

FLMI is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −1.9% with distributions reinvested. The prospectus expense ratio is 0.30% a year. It sat 6.3% below its high of Jul 2, 2026 on Oct 9, 2026.

MUB in plain words

MUB tracks an index of National Muni Bond. Over the year to Oct 9, 2026 it returned −2.0% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 5.3% below its high of Jul 6, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FLMI or MUB?: In the year to Oct 9, 2026, with distributions reinvested, FLMI returned −1.9% and MUB −2.0%.
Which is cheaper, FLMI or MUB?: MUB is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FLMI vs VTEB FLMI vs JMUB FLMI vs PZA FLMI vs SCMB MUB vs VCRM FMB vs MUB MUB vs TFI MUB vs TAFM

FLMI on its own →MUB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FLMI filings on SEC EDGAR ↗FLMI prospectus with the expense ratio (SEC) ↗Franklin website ↗MUB filings on SEC EDGAR ↗MUB prospectus with the expense ratio (SEC) ↗iShares page for MUB ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FLMI against MUB, data as of Oct 9, 2026. https://etfiq.com/compare/any/flmi-vs-mub

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.