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Franklin Liberty Investment Grade Corporate ETF (F...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US35473P6034

CUSIP

35473P603

Inception Date

Oct 3, 2016

Region

Developed Markets (Broad)

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Bond

Expense Ratio

FLCO has an expense ratio of 0.35%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

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FLCO vs. GABF
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Performance

Performance Chart

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


0.00%50.00%100.00%150.00%200.00%December2025FebruaryMarchAprilMay
14.46%
165.59%
FLCO (Franklin Liberty Investment Grade Corporate ETF)
Benchmark (^GSPC)

Returns By Period

Franklin Liberty Investment Grade Corporate ETF (FLCO) returned 1.51% year-to-date (YTD) and 5.10% over the past 12 months.


FLCO

YTD

1.51%

1M

1.45%

6M

0.39%

1Y

5.10%

5Y*

0.13%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.70%

1M

13.67%

6M

-5.18%

1Y

9.18%

5Y*

14.14%

10Y*

10.43%

*Annualized

Monthly Returns

The table below presents the monthly returns of FLCO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.44%1.95%-0.09%-0.01%-0.76%1.51%
2024-0.30%-1.51%1.34%-2.59%2.06%0.56%2.13%1.85%1.71%-2.54%1.42%-2.01%1.94%
20234.41%-3.25%2.32%0.70%-1.33%0.46%0.23%-0.90%-2.80%-1.78%5.76%4.29%7.94%
2022-3.12%-2.04%-2.49%-5.99%1.14%-3.07%3.74%-3.54%-4.93%-1.17%5.42%-0.72%-16.08%
2021-1.49%-2.02%-1.68%1.05%0.54%1.80%1.22%-0.20%-1.28%0.25%-0.33%0.16%-2.06%
20202.45%1.78%-9.21%6.54%2.01%2.18%3.43%-1.53%-0.58%0.06%2.66%-0.26%9.07%
20193.02%0.02%2.37%0.63%1.31%2.68%0.53%2.95%-0.40%0.44%0.24%0.41%15.06%
2018-0.63%-2.15%0.12%-0.73%0.34%-0.16%0.99%0.25%-0.26%-1.74%-0.58%1.29%-3.27%
20170.04%1.28%-0.21%0.70%1.33%0.87%0.40%0.41%0.12%0.34%0.04%0.53%5.98%
2016-1.26%-2.64%0.81%-3.09%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FLCO is 67, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FLCO is 6767
Overall Rank
The Sharpe Ratio Rank of FLCO is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of FLCO is 7474
Sortino Ratio Rank
The Omega Ratio Rank of FLCO is 6767
Omega Ratio Rank
The Calmar Ratio Rank of FLCO is 5252
Calmar Ratio Rank
The Martin Ratio Rank of FLCO is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Franklin Liberty Investment Grade Corporate ETF (FLCO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Franklin Liberty Investment Grade Corporate ETF Sharpe ratios as of May 9, 2025 (values are recalculated daily):

  • 1-Year: 0.83
  • 5-Year: 0.02
  • All Time: 0.24

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Franklin Liberty Investment Grade Corporate ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.83
0.48
FLCO (Franklin Liberty Investment Grade Corporate ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Franklin Liberty Investment Grade Corporate ETF provided a 4.50% dividend yield over the last twelve months, with an annual payout of $0.95 per share. The fund has been increasing its distributions for 3 consecutive years.


1.00%2.00%3.00%4.00%5.00%$0.00$0.20$0.40$0.60$0.80$1.00201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019201820172016
Dividend$0.95$0.98$0.83$0.80$0.74$0.85$0.87$0.89$0.83$0.12

Dividend yield

4.50%4.63%3.83%3.86%2.85%3.13%3.39%3.87%3.33%0.51%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.08$0.07$0.08$0.08$0.32
2024$0.00$0.07$0.12$0.07$0.08$0.08$0.07$0.08$0.08$0.07$0.09$0.16$0.98
2023$0.00$0.03$0.06$0.07$0.06$0.08$0.07$0.07$0.08$0.07$0.08$0.15$0.83
2022$0.00$0.11$0.06$0.07$0.06$0.06$0.07$0.08$0.07$0.06$0.06$0.10$0.80
2021$0.06$0.06$0.07$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.00$0.13$0.74
2020$0.07$0.06$0.08$0.13$0.07$0.05$0.07$0.06$0.07$0.07$0.06$0.07$0.85
2019$0.08$0.07$0.07$0.05$0.09$0.07$0.06$0.07$0.07$0.06$0.05$0.14$0.87
2018$0.06$0.06$0.08$0.06$0.09$0.07$0.07$0.09$0.07$0.09$0.08$0.07$0.89
2017$0.07$0.06$0.08$0.06$0.07$0.07$0.07$0.08$0.06$0.07$0.07$0.07$0.83
2016$0.04$0.04$0.04$0.12

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-8.68%
-7.82%
FLCO (Franklin Liberty Investment Grade Corporate ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Franklin Liberty Investment Grade Corporate 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 Investment Grade Corporate ETF was 23.12%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current Franklin Liberty Investment Grade Corporate ETF drawdown is 8.68%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-23.12%Dec 30, 2020456Oct 20, 2022
-18.62%Mar 9, 20209Mar 19, 202061Jun 16, 202070
-4.75%Dec 18, 2017170Nov 20, 201856Mar 8, 2019226
-4.15%Oct 14, 201611Dec 1, 201677Jun 2, 201788
-2.74%Aug 7, 202041Oct 5, 202039Nov 30, 202080

Volatility

Volatility Chart

The current Franklin Liberty Investment Grade Corporate ETF volatility is 2.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
2.76%
11.21%
FLCO (Franklin Liberty Investment Grade Corporate ETF)
Benchmark (^GSPC)