Franklin Liberty Intermediate Municipal Opportunities ETF

10-Year Study

FLMI.US · · US · ETF

Executive Summary: Franklin Liberty Intermediate Municipal Opportunities ETF has compounded at 3.0% annually over the last 10 years, with a maximum drawdown of 14.1% and an annualized volatility of 6.5%.

1Y CAGR
+7.3%
3Y CAGR
+5.6%
5Y CAGR
+2.0%
10Y CAGR
+3.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
14.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.22
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.30
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
5.7%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +7.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -10.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
89%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20261.01.7-2.71.0————————0.9%
20250.31.6-1.3-0.3-0.10.8-0.71.02.91.20.30.25.9%
20240.20.51.1-1.10.61.11.31.01.3-0.91.8-1.84.9%
20233.3-2.21.80.4-0.20.70.4-1.0-2.5-1.15.03.27.9%
2022-2.9-0.6-3.6-3.00.6-1.62.9-1.9-4.1-0.44.10.2-10.2%
20211.2-1.30.61.40.70.61.0-0.1-1.1-0.31.00.24.1%
20201.81.2-5.0-1.42.81.41.8-0.20.20.02.21.46.1%
20190.60.71.60.41.80.30.91.5-0.90.2-0.60.26.7%
20180.3-1.70.2—-0.3——1.3-0.4-0.8-0.02.00.4%
2017——————————-0.60.70.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 6.5%. The dominant macroeconomic risk driver is SHV.US, accounting for 39.0% of variance. Idiosyncratic stock-specific factors contribute 13.4%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2017-09-0110000
2017-11-019938.374743442968
2017-12-0110011.242097012077
2018-01-0110042.596202440258
2018-02-019868.704683519498
2018-03-019888.094722402713
2018-05-019855.91550893695
2018-08-019979.630145322153
2018-09-019935.332157554378
2018-10-019855.709231927554
2018-11-019854.987262394669
2018-12-0110055.5916540322
2019-01-0110113.6070629248
2019-02-0110179.615705931496
2019-03-0110338.758418680447
2019-04-0110375.682003362317
2019-05-0110561.33131181864
2019-06-0110591.396185938096
2019-07-0110685.871056241425
2019-08-0110846.354569551448
2019-09-0110751.467145229328
2019-10-0110773.435646729995
2019-11-0110708.922512041421
2019-12-0110730.839444289735
2020-01-0110920.09860041049
2020-02-0111052.528440442671
2020-03-0110502.7486411502
2020-04-0110355.105871675072
2020-05-0110649.566302587746
2020-06-0110801.592458512534
2020-07-0110992.759676970203
2020-08-0110973.060222572893
2020-09-0110992.759676970203
2020-10-0110994.513031550068
2020-11-0111234.36162422517
2020-12-0111386.697195664057
2021-01-0111524.954361211672
2021-02-0111375.506667904328
2021-03-0111441.051187639881
2021-04-0111601.586270202253
2021-05-0111679.146425735118
2021-06-0111748.558639396844
2021-07-0111869.746382416946
2021-08-0111863.609641387418
2021-09-0111735.356910795506
2021-10-0111698.845880132429
2021-11-0111820.085192404878
2021-12-0111848.39671194447
2022-01-0111503.75939849624
2022-02-0111430.58262941304
2022-03-0111024.165351650732
2022-04-0110688.501088111225
2022-05-0110749.146528873625
2022-06-0110578.96799612199
2022-07-0110886.630155636003
2022-08-0110683.60200913807
2022-09-0110242.323916787855
2022-10-0110196.427282197263
2022-11-0110618.263766411912
2022-12-0110636.519281743453
2023-01-0110992.140845942016
2023-02-0110751.106160462885
2023-03-0110947.94599667894
2023-04-0110995.235001082954
2023-05-0110968.986251637323
2023-06-0111048.97016203059
2023-07-0111095.795043163464
2023-08-0110980.950318182287
2023-09-0110709.335066060212
2023-10-0110586.703383974338
2023-11-0111114.720958775539
2023-12-0111475.190032694903
2024-01-0111503.553121486842
2024-02-0111557.185143929784
2024-03-0111678.579163959279
2024-04-0111545.22107738482
2024-05-0111612.364243943191
2024-06-0111742.628175376714
2024-07-0111890.013098590096
2024-08-0112006.301762637044
2024-09-0112157.038687253113
2024-10-0112042.451808533679
2024-11-0112264.148024381942
2024-12-0112039.254514888042
2025-01-0112076.178099569912
2025-02-0112274.35873634704
2025-03-0112112.276576214199
2025-04-0112071.485297606156
2025-05-0112063.027940220923
2025-06-0112155.233763420896
2025-07-0112069.731943026289
2025-08-0112186.330022587334
2025-09-0112539.785678187238
2025-10-0112691.657126354983
2025-11-0112727.858741503966
2025-12-0112748.847427210001
2026-01-0112871.891663314665
2026-02-0113085.697783553534
2026-03-0112738.636715244902
2026-04-0112866.52846107037
Annual Return Matrix
YearAnnual Return
20180.004429975480600756
20190.06715147288093881
20200.061118960429822344
20210.040547272694335224
2022-0.10228197617482826
20230.07884823302966693
20240.0491551321229553
20250.05893993780465867
20260.00923071944599485
Total Factor Risk
0.06484141599265411
VTI.US Exposure
0.1526152386222869
VEA.US Exposure
0.004901617579522141
VWO.US Exposure
0.0371809933927199
QQQ.US Exposure
-0.10368233530410348
VTV.US Exposure
-0.030992659268912214
IJR.US Exposure
0.009786109080914108
QUAL.US Exposure
0.051836783846190684
SHV.US Exposure
0.39020123050075434
TLT.US Exposure
0.1292399304502837
LQD.US Exposure
0.22338627657642185
HYG.US Exposure
0.019657119186187677
GLD.US Exposure
0.016335984802130544
USO.US Exposure
0.004672995323117179
VNQ.US Exposure
-0.0014749271042216858
BTC-USD.CC Exposure
-0.002102859252592242
CPER.US Exposure
0.0018566440609938562
VIX.INDX Exposure
-0.018455127727088485
UUP.US Exposure
-0.017938715221772816
TIP.US Exposure
-0.0012055567657232018
Idiosyncratic Exposure
0.134181257222891
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
45.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
6.5%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →3.82%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$84
Avg Yield on Cost
0.84%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$84.060.84%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.86
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Franklin Liberty Intermediate Municipal Opportunities ETF a high-risk investment?

Franklin Liberty Intermediate Municipal Opportunities ETF (FLMI.US) has an annualized volatility of 6.5% and experienced a maximum drawdown of 14.1% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of FLMI.US?

Over the past 10 years, FLMI.US has generated a Compound Annual Growth Rate (CAGR) of 3.0%. It has had a positive return in 89% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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