BYLD vs. FLCB
Compare and contrast key facts about iShares Yield Optimized Bond ETF (BYLD) and Franklin U.S. Core Bond ETF (FLCB).
BYLD and FLCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014. FLCB is an actively managed fund by Franklin Templeton. It was launched on Sep 19, 2019.
Performance
BYLD vs. FLCB - Performance Comparison
Loading graphics...
BYLD vs. FLCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 0.02% | 8.41% | 4.17% | 8.30% | -10.33% | -1.25% | 4.25% | 1.74% |
FLCB Franklin U.S. Core Bond ETF | 0.08% | 6.95% | 1.59% | 5.72% | -13.54% | -1.73% | 7.66% | 0.75% |
Returns By Period
In the year-to-date period, BYLD achieves a 0.02% return, which is significantly lower than FLCB's 0.08% return.
BYLD
- 1D
- 0.22%
- 1M
- -1.20%
- YTD
- 0.02%
- 6M
- 1.02%
- 1Y
- 5.97%
- 3Y*
- 6.12%
- 5Y*
- 2.20%
- 10Y*
- 3.03%
FLCB
- 1D
- 0.03%
- 1M
- -1.39%
- YTD
- 0.08%
- 6M
- 0.76%
- 1Y
- 4.00%
- 3Y*
- 3.67%
- 5Y*
- 0.11%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BYLD vs. FLCB - Expense Ratio Comparison
BYLD has a 0.17% expense ratio, which is higher than FLCB's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BYLD vs. FLCB — Risk / Return Rank
BYLD
FLCB
BYLD vs. FLCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) and Franklin U.S. Core Bond ETF (FLCB). 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.
| BYLD | FLCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 0.93 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.32 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.66 | +0.61 |
Martin ratioReturn relative to average drawdown | 8.29 | 4.63 | +3.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BYLD | FLCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.93 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.02 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.16 | +0.40 |
Correlation
The correlation between BYLD and FLCB is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BYLD vs. FLCB - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.35%, more than FLCB's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.35% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
FLCB Franklin U.S. Core Bond ETF | 4.23% | 4.19% | 4.10% | 3.40% | 2.73% | 2.28% | 3.24% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BYLD vs. FLCB - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, smaller than the maximum FLCB drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for BYLD and FLCB.
Loading graphics...
Drawdown Indicators
| BYLD | FLCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.75% | -18.82% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.57% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -14.65% | -18.48% | +3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -14.75% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -2.54% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -6.74% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.93% | -0.18% |
Volatility
BYLD vs. FLCB - Volatility Comparison
iShares Yield Optimized Bond ETF (BYLD) has a higher volatility of 2.00% compared to Franklin U.S. Core Bond ETF (FLCB) at 1.71%. This indicates that BYLD's price experiences larger fluctuations and is considered to be riskier than FLCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BYLD | FLCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.71% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.60% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 4.31% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 5.72% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 5.54% | -0.11% |