- ISIN
- US35473P5952
- CUSIP
- 35473P595
- Issuer
- Franklin Templeton
- Inception Date
- May 30, 2018
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $851M
Highlights
- Avg. Volume (1M)
- 277K
- Avg. Volume Value (1M)
- $6.35M
Share Price Chart
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Performance
FLBL Performance Chart
Franklin Senior Loan ETF (FLBL) is up 2.3% since the beginning of the year. FLBL is currently trading at $23 per share. Investors who bought $1,000 worth of FLBL shares 5 years ago would now be looking at an investment worth $1,308.
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Returns By Period
Franklin Senior Loan ETF (FLBL) has returned 2.29% so far this year and 2.55% over the past 12 months.
Franklin Senior Loan ETF
- 1D
- 0.13%
- 1M
- 0.99%
- 6M
- 2.72%
- YTD
- 2.29%
- 1Y
- 2.55%
- 3Y*
- 6.46%
- 5Y*
- 5.52%
- 10Y*
- —
- ALL TIME*
- 4.66%
Benchmark (S&P 500 Index)
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
FLBL Monthly Returns History
Based on dividend-adjusted daily data since Jun 1, 2018, FLBL's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 69% of months were positive and 31% were negative. The best month was Jan 2023 with a return of +3.9%, while the worst month was Mar 2020 at -8.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FLBL closed higher 52% of trading days. The best single day was Mar 26, 2020 with a return of +3.1%, while the worst single day was Mar 16, 2020 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.17% | -2.13% | 1.58% | 1.34% | -0.03% | 0.37% | 1.17% | 0.20% | 2.29% | ||||
| 2025 | 0.60% | 0.12% | -0.48% | 0.05% | 1.69% | 0.65% | 0.77% | 0.23% | -0.16% | -0.10% | 0.34% | -0.16% | 3.59% |
| 2024 | -0.16% | 0.90% | 1.56% | 0.23% | 1.18% | 0.32% | 0.65% | 0.60% | 0.14% | 1.08% | 1.02% | 0.45% | 8.26% |
| 2023 | 3.92% | -0.09% | 0.98% | 0.12% | -0.41% | 3.76% | 0.82% | 1.15% | -0.01% | 0.41% | 1.45% | 1.90% | 14.83% |
| 2022 | -0.06% | -0.26% | -0.37% | -0.26% | -2.71% | -2.30% | 2.53% | 1.73% | -3.36% | 0.94% | 1.77% | -0.16% | -2.69% |
| 2021 | 0.77% | 2.00% | -1.78% | 0.88% | 0.39% | 0.04% | 0.09% | 0.41% | 0.73% | 0.19% | -0.62% | 1.22% | 4.35% |
Benchmark Metrics
Franklin Senior Loan ETF has an annualized alpha of 2.53%, beta of 0.15, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 01, 2018.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.59%) than losses (10.98%) - typical of diversified or defensive assets.
- Beta of 0.15 may look defensive, but with R2 of 0.27 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.27 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.53%
- Beta
- 0.15
- R²
- 0.27
- Upside Capture
- 16.59%
- Downside Capture
- 10.98%
Expense Ratio
FLBL has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLBL ranks 31 for risk / return — above 31% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Franklin Senior Loan ETF (FLBL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLBL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.45 | -1.65 |
| Martin ratioReturn relative to average drawdown | 2.71 | 10.40 | -7.69 |
Dividends
Dividend History
Franklin Senior Loan ETF provided a 7.50% dividend yield over the last twelve months, with an annual payout of $1.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.72 | $1.70 | $1.95 | $2.03 | $1.27 | $0.89 | $0.80 | $1.00 | $0.54 |
Dividend yield | 7.50% | 7.24% | 8.05% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Senior Loan ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.11 | $0.13 | $0.15 | $0.15 | $0.16 | $0.13 | $0.14 | $0.97 | ||||
| 2025 | $0.00 | $0.13 | $0.12 | $0.12 | $0.15 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.17 | $0.32 | $1.70 |
| 2024 | $0.00 | $0.18 | $0.17 | $0.16 | $0.20 | $0.15 | $0.15 | $0.17 | $0.16 | $0.16 | $0.17 | $0.29 | $1.95 |
| 2023 | $0.00 | $0.16 | $0.14 | $0.19 | $0.18 | $0.19 | $0.17 | $0.16 | $0.19 | $0.17 | $0.17 | $0.31 | $2.03 |
| 2022 | $0.00 | $0.07 | $0.06 | $0.09 | $0.07 | $0.10 | $0.09 | $0.10 | $0.12 | $0.11 | $0.13 | $0.33 | $1.27 |
| 2021 | $0.14 | $0.02 | $0.05 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.00 | $0.14 | $0.89 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Senior Loan ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Senior Loan ETF was 19.52%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.52%Mar 2020 | 2mo | 7mo 22d | 9mo 22dJan 2020 - Nov 2020 | COVID crash2020 |
-6.80%Jul 2022 | 5mo 19d | 6mo 18d | 1y 2dJan 2022 - Jan 2023 | Bear market2022 |
-3.91%Apr 2025 | 1mo 16d | 1mo 2d | 2mo 18dFeb 2025 - May 2025 | 2025 selloff2025 |
-3.77%Dec 2018 | 1mo 5d | 1mo 27d | 3mo 2dNov 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-3.18%Mar 2026 | 1mo 6d | 2mo 10d | 3mo 16dJan 2026 - May 2026 | — |
Drawdown Indicators
| FLBL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.52% | -56.78% | +37.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -9.10% | +5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -18.90% | +14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -6.80% | -25.43% | +18.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -10.70% | +9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.14% | -1.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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