BFRAX vs. FLBL
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and Franklin Liberty Senior Loan ETF (FLBL).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFRAX or FLBL.
Key characteristics
| BFRAX | FLBL | |
|---|---|---|
| YTD Return | 6.14% | 6.78% |
| 1Y Return | 10.30% | 10.37% |
| 3Y Return (Ann) | 5.95% | 6.30% |
| 5Y Return (Ann) | 5.13% | 5.31% |
| Sharpe Ratio | 3.79 | 5.35 |
| Sortino Ratio | 11.22 | 8.50 |
| Omega Ratio | 3.51 | 2.40 |
| Calmar Ratio | 11.07 | 12.25 |
| Martin Ratio | 64.01 | 74.54 |
| Ulcer Index | 0.16% | 0.14% |
| Daily Std Dev | 2.71% | 1.97% |
| Max Drawdown | -20.62% | -19.52% |
| Current Drawdown | -0.10% | 0.00% |
Correlation
The correlation between BFRAX and FLBL is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BFRAX vs. FLBL - Performance Comparison
In the year-to-date period, BFRAX achieves a 6.14% return, which is significantly lower than FLBL's 6.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BFRAX vs. FLBL - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than FLBL's 0.45% expense ratio.
Risk-Adjusted Performance
BFRAX vs. FLBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and Franklin Liberty Senior Loan ETF (FLBL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BFRAX vs. FLBL - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 8.30%, more than FLBL's 8.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 8.30% | 8.25% | 4.84% | 3.15% | 3.79% | 4.62% | 4.56% | 3.79% | 3.91% | 4.02% | 4.17% | 3.82% |
FLBL Franklin Liberty Senior Loan ETF | 8.13% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BFRAX vs. FLBL - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -20.62%, which is greater than FLBL's maximum drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for BFRAX and FLBL. For additional features, visit the drawdowns tool.
Volatility
BFRAX vs. FLBL - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Fund (BFRAX) is 0.21%, while Franklin Liberty Senior Loan ETF (FLBL) has a volatility of 0.45%. This indicates that BFRAX experiences smaller price fluctuations and is considered to be less risky than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.