FLBL vs. FLOT
Compare and contrast key facts about Franklin Liberty Senior Loan ETF (FLBL) and iShares Floating Rate Bond ETF (FLOT).
FLBL and FLOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLBL or FLOT.
Key characteristics
| FLBL | FLOT | |
|---|---|---|
| YTD Return | 2.00% | 2.42% |
| 1Y Return | 11.58% | 7.00% |
| 3Y Return (Ann) | 5.34% | 3.46% |
| 5Y Return (Ann) | 4.57% | 2.67% |
| Sharpe Ratio | 4.06 | 8.64 |
| Daily Std Dev | 2.87% | 0.81% |
| Max Drawdown | -19.52% | -13.54% |
| Current Drawdown | -0.31% | 0.00% |
Correlation
The correlation between FLBL and FLOT is 0.20, 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
FLBL vs. FLOT - Performance Comparison
In the year-to-date period, FLBL achieves a 2.00% return, which is significantly lower than FLOT's 2.42% 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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FLBL vs. FLOT - Expense Ratio Comparison
FLBL has a 0.45% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Risk-Adjusted Performance
FLBL vs. FLOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Senior Loan ETF (FLBL) and iShares Floating Rate Bond ETF (FLOT). 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
FLBL vs. FLOT - Dividend Comparison
FLBL's dividend yield for the trailing twelve months is around 8.40%, more than FLOT's 5.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLBL Franklin Liberty Senior Loan ETF | 7.65% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 5.37% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% | 0.44% | 0.47% |
Drawdowns
FLBL vs. FLOT - Drawdown Comparison
The maximum FLBL drawdown since its inception was -19.52%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for FLBL and FLOT. For additional features, visit the drawdowns tool.
Volatility
FLBL vs. FLOT - Volatility Comparison
Franklin Liberty Senior Loan ETF (FLBL) has a higher volatility of 0.79% compared to iShares Floating Rate Bond ETF (FLOT) at 0.15%. This indicates that FLBL's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.