Franklin Liberty Senior Loan ETF (FLBL)

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The chart shows the growth of an initial investment of $10,000 in Franklin Liberty Senior Loan ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Franklin Liberty Senior Loan ETF (FLBL) has returned -0.76% so far this year and 2.56% over the past 12 months.

Based on dividend-adjusted daily data since Jun 1, 2018, FLBL's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, your investment would double in approximately 15.6 years.

Historically, 68% of months were positive and 32% 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%.

Franklin Liberty Senior Loan ETF has an annualized alpha of 2.55%, beta of 0.15, and R² of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 04, 2018.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.32%) than losses (12.22%) — 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.

FLBL has an expense ratio of 0.45%, placing it in the medium range.

FLBL ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Franklin Liberty Senior Loan ETF (FLBL) and compare them to a chosen benchmark (S&P 500 Index).

Franklin Liberty Senior Loan ETF provided a 7.32% dividend yield over the last twelve months, with an annual payout of $1.68 per share.

The table displays the monthly dividend distributions for Franklin Liberty Senior Loan ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Franklin Liberty 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 Liberty Senior Loan ETF was 19.52%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.

The current Franklin Liberty Senior Loan ETF drawdown is 1.56%.

The chart below shows the rolling one-month volatility.