Franklin Liberty 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% | 2.68B | Jul 2023 | FLBL vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.41B | Jun 2012 | FLBL vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.71B | Sep 2025 | FLBL vs NHYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.80B | Oct 2017 | FLBL vs USHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.54B | Dec 2016 | FLBL vs HYLB |
Best Risk-Adjusted Alternatives to FLBL
FLBL has a PortfoliosLab risk / return rank of 20. There are 87 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 | 907.20M | Aug 2018 | FLBL vs BSJQ | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 90 | 255.19M | Dec 2013 | FLBL vs HYZD | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 90 | 22.06M | Nov 2024 | FLBL vs LDRH | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 89 | 852.94M | Sep 2019 | FLBL vs BSJR | |
| iShares iBonds 2027 Term High Yield and Income ETF | 89 | 499.12M | Jul 2021 | FLBL vs IBHG |
Top Performing FLBL Alternatives (YTD)
FLBL is at 1.34% YTD. There are 78 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 8.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 8.74% | — | Aug 2025 | FLBL vs DADS | |
| Man Active High Yield ETF | 5.13% | 19.82M | Sep 2025 | FLBL vs MHY | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.28% | 522.28M | May 2012 | FLBL vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 3.86% | 179.11M | May 2013 | FLBL vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 3.54% | 566.14M | May 2014 | FLBL vs HYGH |
Lowest Volatility Alternatives to FLBL
FLBL has 2.66% 1-year volatility. There are 11 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 | 1.35% | 907.20M | Aug 2018 | FLBL vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.47% | 637.48M | Feb 2015 | FLBL vs FLRT | |
| State Street My2027 High Yield Corporate Bond ETF | 1.83% | 4.98M | Feb 2026 | FLBL vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.96% | 852.94M | Sep 2019 | FLBL vs BSJR |
Lowest Drawdown Alternatives to FLBL
FLBL has a 1-year max drawdown of -3.18%. There are 76 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% | 907.20M | Aug 2018 | FLBL vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 499.12M | Jul 2021 | FLBL vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 852.94M | Sep 2019 | FLBL vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 450.96M | Mar 2022 | FLBL vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 22.06M | Nov 2024 | FLBL vs LDRH |
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, FLHY. 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 Liberty 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