FLBL vs. IGBH
Compare and contrast key facts about Franklin Liberty Senior Loan ETF (FLBL) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH).
FLBL and IGBH 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. IGBH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. It was launched on Jul 22, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLBL or IGBH.
Key characteristics
| FLBL | IGBH | |
|---|---|---|
| YTD Return | 2.00% | 3.56% |
| 1Y Return | 11.58% | 12.93% |
| 3Y Return (Ann) | 5.34% | 4.06% |
| 5Y Return (Ann) | 4.57% | 3.96% |
| Sharpe Ratio | 4.06 | 2.86 |
| Daily Std Dev | 2.87% | 4.44% |
| Max Drawdown | -19.52% | -33.67% |
| Current Drawdown | -0.31% | 0.00% |
Correlation
The correlation between FLBL and IGBH 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.
Performance
FLBL vs. IGBH - Performance Comparison
In the year-to-date period, FLBL achieves a 2.00% return, which is significantly lower than IGBH's 3.56% 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. IGBH - Expense Ratio Comparison
FLBL has a 0.45% expense ratio, which is higher than IGBH's 0.16% expense ratio.
Risk-Adjusted Performance
FLBL vs. IGBH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Senior Loan ETF (FLBL) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). 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. IGBH - Dividend Comparison
FLBL's dividend yield for the trailing twelve months is around 8.40%, more than IGBH's 7.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 7.29% | 7.32% | 3.84% | 2.71% | 2.39% | 3.39% | 6.06% | 2.87% | 2.62% | 1.12% |
Drawdowns
FLBL vs. IGBH - Drawdown Comparison
The maximum FLBL drawdown since its inception was -19.52%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for FLBL and IGBH. For additional features, visit the drawdowns tool.
Volatility
FLBL vs. IGBH - Volatility Comparison
The current volatility for Franklin Liberty Senior Loan ETF (FLBL) is 0.79%, while iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a volatility of 0.90%. This indicates that FLBL experiences smaller price fluctuations and is considered to be less risky than IGBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.