- ISIN
- US35471Q1067
- CUSIP
- 35471Q106
- Issuer
- Franklin Templeton
- Inception Date
- Jul 14, 2020
- Region
- North America (U.S.)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $416M
Share Price Chart
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Performance
FLUD Performance Chart
Franklin Ultra Short Bond ETF (FLUD) is up 1.6% since the beginning of the year. FLUD is currently trading at $25 per share. Investors who bought $1,000 worth of FLUD shares 5 years ago would now be looking at an investment worth $1,196.
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Returns By Period
Franklin Ultra Short Bond ETF (FLUD) has returned 1.60% so far this year and 4.25% over the past 12 months.
Franklin Ultra Short Bond ETF
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 1.60%
- 6M
- 1.77%
- 1Y
- 4.25%
- 3Y*
- 5.23%
- 5Y*
- 3.65%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLUD Monthly Returns History
Based on dividend-adjusted daily data since Jul 16, 2020, FLUD's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 83% of months were positive and 17% were negative. The best month was Dec 2023 with a return of +0.8%, while the worst month was Mar 2022 at -0.4%. The longest winning streak lasted 45 consecutive months, and the longest losing streak was 8 months.
On a daily basis, FLUD closed higher 51% of trading days. The best single day was Oct 17, 2025 with a return of +0.5%, while the worst single day was Mar 16, 2023 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.45% | 0.20% | 0.03% | 0.42% | 0.35% | 0.15% | 1.60% | ||||||
| 2025 | 0.68% | 0.35% | 0.46% | 0.25% | 0.42% | 0.58% | 0.32% | 0.51% | 0.60% | 0.28% | 0.37% | 0.40% | 5.36% |
| 2024 | 0.59% | 0.38% | 0.44% | 0.50% | 0.59% | 0.41% | 0.45% | 0.41% | 0.44% | 0.34% | 0.49% | 0.27% | 5.44% |
| 2023 | 0.43% | 0.38% | 0.34% | 0.41% | 0.59% | 0.48% | 0.44% | 0.48% | 0.48% | 0.48% | 0.45% | 0.82% | 5.95% |
| 2022 | -0.22% | -0.24% | -0.38% | -0.13% | 0.02% | -0.16% | 0.26% | 0.12% | -0.10% | 0.06% | 0.45% | 0.48% | 0.16% |
| 2021 | 0.08% | 0.00% | -0.01% | 0.03% | 0.10% | 0.09% | -0.02% | 0.08% | -0.01% | -0.11% | -0.10% | -0.04% | 0.09% |
Benchmark Metrics
Franklin Ultra Short Bond ETF has an annualized alpha of 3.23%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 16, 2020.
- This ETF captured 6.27% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.20%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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
- 3.23%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 6.27%
- Downside Capture
- -6.20%
Expense Ratio
FLUD has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
FLUD ranks 92 for risk / return — in the top 92% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Ultra Short Bond ETF (FLUD) 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.
| FLUD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.37 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 9.76 | 2.78 | +6.97 |
| Martin ratioReturn relative to average drawdown | 38.93 | 12.44 | +26.49 |
Dividends
Dividend History
Franklin Ultra Short Bond ETF provided a 4.27% dividend yield over the last twelve months, with an annual payout of $1.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.07 | $1.13 | $1.23 | $1.17 | $0.34 | $0.23 | $0.23 |
Dividend yield | 4.27% | 4.51% | 4.97% | 4.72% | 1.39% | 0.92% | 0.93% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Ultra Short Bond 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 | $0.08 | $0.08 | $0.08 | $0.09 | $0.07 | $0.39 | ||||||
| 2025 | $0.00 | $0.07 | $0.09 | $0.10 | $0.10 | $0.09 | $0.09 | $0.11 | $0.09 | $0.09 | $0.10 | $0.19 | $1.13 |
| 2024 | $0.00 | $0.11 | $0.09 | $0.10 | $0.12 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.12 | $0.19 | $1.23 |
| 2023 | $0.00 | $0.07 | $0.07 | $0.13 | $0.08 | $0.12 | $0.09 | $0.06 | $0.10 | $0.10 | $0.11 | $0.22 | $1.17 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 | $0.03 | $0.11 | $0.34 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.03 | $0.23 |
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 Ultra Short Bond 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 Ultra Short Bond ETF was 1.66%, occurring on Jun 14, 2022. Recovery took 146 trading sessions.
The current Franklin Ultra Short Bond ETF drawdown is 0.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -1.66%Jun 2022 | 9mo 23d | 7mo 2d | 1y 4moAug 2021 - Jan 2023 |
2023 pullback2023 | -0.65%Mar 2023 | 6d | 22d | 28dMar 2023 - Apr 2023 |
2024 pullback2024 | -0.59%Dec 2024 | 7d | 1mo 13d | 1mo 20dNov 2024 - Jan 2025 |
2025 pullback2025 | -0.44%Oct 2025 | 3d | 26d | 29dOct 2025 - Nov 2025 |
2024 pullback2024 | -0.40%Oct 2024 | 2d | 5d | 7dOct 2024 - Oct 2024 |
Drawdown Indicators
| FLUD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.66% | -56.78% | +55.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -9.10% | +8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.59% | -18.90% | +18.31% |
Max Drawdown (5Y)Largest decline over 5 years | -1.66% | -25.43% | +23.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.08% | -1.80% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -10.71% | +10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 2.03% | -1.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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