Franklin Senior Loan ETF (FLBL) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FLBL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLBL
FLBL charges 0.45% annually. There are 73 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.75B | Jul 2023 | FLBL vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.60B | Jun 2012 | FLBL vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.70B | Sep 2025 | FLBL vs NHYB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.72M | Sep 2016 | FLBL vs BBHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.59B | Oct 2017 | FLBL vs USHY |
Best Risk-Adjusted Alternatives to FLBL
FLBL has a PortfoliosLab risk / return rank of 33. There are 83 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 870.26M | Aug 2018 | FLBL vs BSJQ | |
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | FLBL vs SEIX | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 94 | 259.69M | Dec 2013 | FLBL vs HYZD | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 90 | 865.81M | Sep 2019 | FLBL vs BSJR | |
| iShares Interest Rate Hedged High Yield Bond ETF | 90 | 596.69M | May 2014 | FLBL vs HYGH |
Top Performing FLBL Alternatives (YTD)
FLBL is at 2.16% YTD. There are 37 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 8.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 8.47% | — | Aug 2025 | FLBL vs DADS | |
| Man Active High Yield ETF | 6.16% | 19.82M | Sep 2025 | FLBL vs MHY | |
| ProShares High Yield-Interest Rate Hedged | 4.39% | 185.42M | May 2013 | FLBL vs HYHG | |
| VanEck Emerging Markets High Yield Bond ETF | 4.38% | 521.46M | May 2012 | FLBL vs HYEM | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 3.90% | 259.69M | Dec 2013 | FLBL vs HYZD |
Lowest Volatility Alternatives to FLBL
FLBL has 2.69% 1-year volatility. There are 10 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | FLBL vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.29% | 870.26M | Aug 2018 | FLBL vs BSJQ | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | FLBL vs SEIX | |
| State Street My2027 High Yield Corporate Bond ETF | 1.73% | 4.98M | Feb 2026 | FLBL vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.95% | 865.81M | Sep 2019 | FLBL vs BSJR |
Lowest Drawdown Alternatives to FLBL
FLBL has a 1-year max drawdown of -3.18%. There are 77 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 870.26M | Aug 2018 | FLBL vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 507.25M | Jul 2021 | FLBL vs IBHG | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | FLBL vs SEIX | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 865.81M | Sep 2019 | FLBL vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 457.18M | Mar 2022 | FLBL vs IBHH |
Other ETFs from Franklin Templeton
The 10 most viewed Franklin Templeton ETFs shown here include LVHI, FLIN, FLKR and span 11 categories. AUM among these funds goes as high as $5B.
Often Compared With FLBL
Investors most often compare FLBL with BKLN, FFRHX, FLRT. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare FLBL with Any Fund or Stock
Compare FLBL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLBL with funds that move differently
Franklin Senior Loan ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLBL.
Explore FLBL Diversifiers