FLBL vs. BSJR
FLBL (Franklin Senior Loan ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. FLBL is actively managed, while BSJR is passively managed. Over the past 5 years, FLBL returned 5.53%/yr vs 3.44%/yr for BSJR. Their 0.40 correlation means their historical movements had little consistent relationship. FLBL charges 0.45%/yr vs 0.42%/yr for BSJR.
Performance
FLBL vs. BSJR - Performance Comparison
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Returns By Period
In the year-to-date period, FLBL achieves a 2.16% return, which is significantly higher than BSJR's 2.00% return.
FLBL
- 1D
- 0.07%
- 1M
- 0.86%
- 6M
- 2.10%
- YTD
- 2.16%
- 1Y
- 2.51%
- 3Y*
- 6.42%
- 5Y*
- 5.53%
- 10Y*
- —
- ALL TIME*
- 4.64%
BSJR
- 1D
- 0.16%
- 1M
- 0.45%
- 6M
- 1.51%
- YTD
- 2.00%
- 1Y
- 4.24%
- 3Y*
- 7.66%
- 5Y*
- 3.44%
- 10Y*
- —
- ALL TIME*
- 4.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.78M | $4.29M | $3.89M | |
| $3.91M | $6.55M | $4.47M |
FLBL vs. BSJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLBL Franklin Senior Loan ETF | 2.16% | 3.59% | 8.26% | 14.83% | -2.69% | 4.35% | 2.17% | 1.57% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 2.00% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 3.00% |
Correlation
The correlation between FLBL and BSJR is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2019 | 0.40 |
The correlation between FLBL and BSJR shifts across timeframes, from 0.31 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLBL vs. BSJR — Risk / Return Rank
FLBL
BSJR
FLBL vs. BSJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Senior Loan ETF (FLBL) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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.
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.
| FLBL | BSJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.43 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 3.66 | -2.87 |
| Martin ratioReturn relative to average drawdown | 2.66 | 17.73 | -15.07 |
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Drawdowns
FLBL vs. BSJR - Drawdown Comparison
The maximum FLBL drawdown since its inception was -19.52%, smaller than the maximum BSJR drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for FLBL and BSJR.
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Drawdown Indicators
| FLBL | BSJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.52% | -22.58% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -1.16% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -3.15% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -6.80% | -16.37% | +9.57% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -3.17% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.24% | +0.71% |
Volatility
FLBL vs. BSJR - Volatility Comparison
Franklin Senior Loan ETF (FLBL) has a higher volatility of 0.52% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.39%. This indicates that FLBL's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLBL | BSJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.39% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 1.52% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 1.95% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.85% | 6.72% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 9.26% | -3.60% |
FLBL vs. BSJR - Expense Ratio Comparison
FLBL has a 0.45% expense ratio, which is higher than BSJR's 0.42% expense ratio.
Dividends
FLBL vs. BSJR - Dividend Comparison
FLBL's dividend yield for the trailing twelve months is around 7.51%, more than BSJR's 5.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.57% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% | 0.00% |
FLBL Franklin Senior Loan ETF | 7.51% | 7.24% | 8.05% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% |
Frequently Asked Questions
FLBL and BSJR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLBL has higher volatility (0.52%) compared to BSJR (0.39%). In terms of maximum drawdown, FLBL dropped -19.52% vs BSJR's -22.58%.
On 5-year performance, FLBL leads with 5.53% vs 3.44% for BSJR. On fees, BSJR is cheaper at 0.42% per year. On volatility, BSJR has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLBL has performed better with a 5.53% return vs 3.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSJR is cheaper with a 0.42% expense ratio, compared with 0.45% for FLBL.
FLBL has the higher dividend yield at 7.51%, compared with 5.57% for BSJR.
They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.45% for FLBL and 0.42% for BSJR.
BSJR currently has the higher Sharpe Ratio (2.18 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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