- Issuer
- Franklin
- Inception Date
- Jun 25, 2018
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Franklin USD Investment Grade Corporate Bond UCITS ETF
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FLUC.L Performance Chart
Franklin USD Investment Grade Corporate Bond UCITS ETF (FLUC.L) is down 1.3% since the beginning of the year. FLUC.L is currently trading at $23 per share. Investors who bought $1,000 worth of FLUC.L shares 5 years ago would now be looking at an investment worth $977.
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Returns By Period
Franklin USD Investment Grade Corporate Bond UCITS ETF (FLUC.L) has returned -1.26% so far this year and 3.65% over the past 12 months.
Franklin USD Investment Grade Corporate Bond UCITS ETF
- 1D
- -1.05%
- 1M
- -1.47%
- 6M
- -1.26%
- YTD
- -1.26%
- 1Y
- 3.65%
- 3Y*
- 4.32%
- 5Y*
- -0.47%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
FLUC.L Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 2018, FLUC.L's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +6.0%, while the worst month was Mar 2020 at -6.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FLUC.L closed higher 50% of trading days. The best single day was Mar 23, 2020 with a return of +4.2%, while the worst single day was Mar 12, 2020 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.00% | 0.74% | -1.63% | -0.00% | 1.24% | 0.30% | -1.88% | -1.26% | |||||
| 2025 | 0.51% | 1.27% | -0.25% | 0.00% | 0.25% | 1.68% | 0.04% | 0.92% | 1.62% | 0.29% | 0.41% | 0.50% | 7.46% |
| 2024 | 0.17% | -1.49% | 0.97% | -2.96% | 1.93% | 1.10% | 2.17% | 1.62% | 1.72% | -2.90% | 1.41% | -1.48% | 2.08% |
| 2023 | 3.89% | -3.12% | 2.10% | 1.09% | -1.83% | 1.23% | 0.09% | -0.98% | -2.49% | -2.07% | 5.71% | 4.34% | 7.77% |
| 2022 | -3.66% | -1.66% | -1.80% | -5.70% | 0.20% | -2.46% | 3.74% | -2.71% | -5.29% | -1.14% | 3.60% | 0.63% | -15.53% |
| 2021 | -1.16% | -2.86% | -1.13% | 0.97% | 0.57% | 1.90% | 0.91% | -0.21% | -1.32% | 0.00% | 0.07% | 0.09% | -2.24% |
Benchmark Metrics
Franklin USD Investment Grade Corporate Bond UCITS ETF has an annualized alpha of 1.95%, beta of 0.10, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since June 25, 2018.
- This ETF participated in 30.94% of S&P 500 Index downside but only 21.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.10 may look defensive, but with R2 of 0.07 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 0.07 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
- 1.95%
- Beta
- 0.10
- R²
- 0.07
- Upside Capture
- 21.57%
- Downside Capture
- 30.94%
Expense Ratio
FLUC.L has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLUC.L ranks 26 for risk / return — below 26% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF (FLUC.L) 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.
| FLUC.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.31 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.35 | -0.97 |
| Martin ratioReturn relative to average drawdown | 3.77 | 10.19 | -6.42 |
Dividends
Dividend History
Franklin USD Investment Grade Corporate Bond UCITS ETF provided a 4.26% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $0.98 | $1.00 | $0.81 | $0.64 | $0.61 | $0.67 | $0.92 | $0.40 |
Dividend yield | 4.26% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin USD Investment Grade Corporate Bond UCITS 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.00 | $0.55 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.98 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $1.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.81 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.64 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.61 |
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 USD Investment Grade Corporate Bond UCITS 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 USD Investment Grade Corporate Bond UCITS ETF was 22.30%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Franklin USD Investment Grade Corporate Bond UCITS ETF drawdown is 3.60%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.30%Oct 2022 | 1y 9mo | — | 5y 6moJan 2021 - now | Bear market2022 |
-16.39%Mar 2020 | 10d | 2mo 29d | 3mo 9dMar 2020 - Jun 2020 | COVID crash2020 |
-2.84%Oct 2020 | 2mo | 2mo 24d | 4mo 24dAug 2020 - Dec 2020 | — |
-2.47%Nov 2018 | 2mo 24d | 2mo 4d | 4mo 28dAug 2018 - Jan 2019 | Rate-hike selloffLate 2018 |
-2.35%Sep 2019 | 15d | 2mo 14d | 2mo 29dAug 2019 - Nov 2019 | — |
Drawdown Indicators
| FLUC.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -56.78% | +34.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -9.10% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -18.90% | +12.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -25.43% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.60% | -0.49% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -10.70% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.09% | -1.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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