FLBL vs. IBHD

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Liberty Senior Loan ETF (FLBL) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).

FLBL and IBHD 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. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019.

Performance

FLBL vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty Senior Loan ETF (FLBL) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

FLBL vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
FLBL Franklin Liberty Senior Loan ETF	0.06%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Returns By Period

FLBL

• 1D: 0.35%
• 1M: 1.58%
• YTD: -0.76%
• 6M: -0.68%
• 1Y: 2.56%
• 3Y*: 6.82%
• 5Y*: 5.19%
• 10Y*: —

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLBL vs. IBHD - Expense Ratio Comparison

FLBL has a 0.45% expense ratio, which is higher than IBHD's 0.35% expense ratio.

FLBL

Franklin Liberty Senior Loan ETF

IBHD

iShares iBonds 2024 Term High Yield & Income ETF

Return for Risk

FLBL vs. IBHD — Risk / Return Rank

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

FLBL

FLBL Risk / Return Rank: 34
FLBL Sharpe Ratio Rank: 34
FLBL Sortino Ratio Rank: 31
FLBL Omega Ratio Rank: 40
FLBL Calmar Ratio Rank: 33
FLBL Martin Ratio Rank: 31

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.

FLBL vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Senior Loan ETF (FLBL) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.

	FLBL	IBHD	Difference
Sharpe ratio Return per unit of total volatility	0.60	—	—
Sortino ratio Return per unit of downside risk	0.87	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	0.76	—	—
Martin ratio Return relative to average drawdown	2.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLBL	IBHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	—	—

Dividends

FLBL vs. IBHD - Dividend Comparison

FLBL's dividend yield for the trailing twelve months is around 7.32%, while IBHD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLBL Franklin Liberty Senior Loan ETF	7.32%	7.24%	8.05%	8.37%	5.53%	3.57%	3.22%	3.97%	2.21%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FLBL vs. IBHD - Drawdown Comparison

The maximum FLBL drawdown since its inception was -19.52%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FLBL and IBHD.

Drawdown Indicators

	FLBL	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-19.52%	0.00%	-19.52%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.80%	—	—
Current Drawdown Current decline from peak	-1.56%	0.00%	-1.56%
Average Drawdown Average peak-to-trough decline	-1.01%	0.00%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	—	—

Volatility

Volatility by Period

	FLBL	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.29%	0.00%	+4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	0.00%	+3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.77%	0.00%	+5.77%