EZET vs. FLBL

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Ethereum ETF (EZET) and Franklin Liberty Senior Loan ETF (FLBL).

EZET and FLBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZET is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Ether-Dollar Reference Rate - New York Variant. It was launched on Jul 23, 2024. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.

Performance

EZET vs. FLBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Ethereum ETF (EZET) and Franklin Liberty Senior Loan ETF (FLBL). The values are adjusted to include any dividend payments, if applicable.

EZET vs. FLBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EZET Franklin Ethereum ETF	-27.89%	-11.23%	-3.68%
FLBL Franklin Liberty Senior Loan ETF	-0.69%	3.59%	3.36%

Returns By Period

In the year-to-date period, EZET achieves a -27.89% return, which is significantly lower than FLBL's -0.69% return.

EZET

• 1D: 2.14%
• 1M: 5.11%
• YTD: -27.89%
• 6M: -50.71%
• 1Y: 11.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLBL

• 1D: 0.07%
• 1M: 1.52%
• YTD: -0.69%
• 6M: -0.66%
• 1Y: 2.75%
• 3Y*: 6.85%
• 5Y*: 5.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZET vs. FLBL - Expense Ratio Comparison

EZET has a 0.19% expense ratio, which is lower than FLBL's 0.45% expense ratio.

FLBL

Franklin Liberty Senior Loan ETF

EZET

Franklin Ethereum ETF

Return for Risk

EZET vs. FLBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZET

EZET Risk / Return Rank: 19
EZET Sharpe Ratio Rank: 15
EZET Sortino Ratio Rank: 25
EZET Omega Ratio Rank: 22
EZET Calmar Ratio Rank: 17
EZET Martin Ratio Rank: 15

FLBL

FLBL Risk / Return Rank: 32
FLBL Sharpe Ratio Rank: 32
FLBL Sortino Ratio Rank: 30
FLBL Omega Ratio Rank: 39
FLBL Calmar Ratio Rank: 31
FLBL Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZET vs. FLBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ethereum ETF (EZET) 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.

	EZET	FLBL	Difference
Sharpe ratio Return per unit of total volatility	0.16	0.64	-0.49
Sortino ratio Return per unit of downside risk	0.79	0.93	-0.14
Omega ratio Gain probability vs. loss probability	1.09	1.16	-0.07
Calmar ratio Return relative to maximum drawdown	0.28	0.79	-0.51
Martin ratio Return relative to average drawdown	0.56	2.63	-2.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EZET vs. FLBL - Sharpe Ratio Comparison

The current EZET Sharpe Ratio is 0.16, which is lower than the FLBL Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of EZET and FLBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EZET	FLBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	0.64	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	0.77	-1.11

Correlation

The correlation between EZET and FLBL is 0.29, 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.

Dividends

EZET vs. FLBL - Dividend Comparison

EZET has not paid dividends to shareholders, while FLBL's dividend yield for the trailing twelve months is around 7.46%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EZET Franklin Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLBL Franklin Liberty Senior Loan ETF	7.46%	7.24%	8.05%	8.37%	5.53%	3.57%	3.22%	3.97%	2.21%

Drawdowns

EZET vs. FLBL - Drawdown Comparison

The maximum EZET drawdown since its inception was -64.05%, which is greater than FLBL's maximum drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for EZET and FLBL.

Drawdown Indicators

	EZET	FLBL	Difference
Max Drawdown Largest peak-to-trough decline	-64.05%	-19.52%	-44.53%
Max Drawdown (1Y) Largest decline over 1 year	-61.68%	-3.26%	-58.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-6.80%	—
Current Drawdown Current decline from peak	-55.80%	-1.49%	-54.31%
Average Drawdown Average peak-to-trough decline	-30.49%	-1.01%	-29.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.61%	1.00%	+29.61%

Volatility

EZET vs. FLBL - Volatility Comparison

Franklin Ethereum ETF (EZET) has a higher volatility of 19.05% compared to Franklin Liberty Senior Loan ETF (FLBL) at 1.11%. This indicates that EZET's price experiences larger fluctuations and is considered to be riskier than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZET	FLBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.05%	1.11%	+17.94%
Volatility (6M) Calculated over the trailing 6-month period	53.59%	2.23%	+51.36%
Volatility (1Y) Calculated over the trailing 1-year period	75.83%	4.29%	+71.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.88%	3.88%	+71.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.88%	5.77%	+69.11%