FLBL vs. IGBH
FLBL (Franklin Senior Loan ETF) and IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) are both exchange-traded funds - FLBL is a High Yield Bonds fund actively managed by Franklin Templeton, while IGBH is a Corporate Bonds fund tracking the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. FLBL is actively managed, while IGBH is passively managed. Over the past 5 years, FLBL returned 5.45%/yr vs 5.15%/yr for IGBH. Their 0.28 correlation means their historical movements had little consistent relationship. FLBL charges 0.45%/yr vs 0.16%/yr for IGBH.
Performance
FLBL vs. IGBH - Performance Comparison
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Returns By Period
In the year-to-date period, FLBL achieves a 2.09% return, which is significantly higher than IGBH's 1.53% return.
FLBL
- 1D
- 0.09%
- 1M
- 0.79%
- 6M
- 2.26%
- YTD
- 2.09%
- 1Y
- 2.43%
- 3Y*
- 6.35%
- 5Y*
- 5.45%
- 10Y*
- —
- ALL TIME*
- 4.64%
IGBH
- 1D
- 0.20%
- 1M
- -0.78%
- 6M
- 0.55%
- YTD
- 1.53%
- 1Y
- 6.18%
- 3Y*
- 7.36%
- 5Y*
- 5.15%
- 10Y*
- 4.73%
- ALL TIME*
- 4.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.66M | $6.56M | $4.47M | |
| $5.00M | $3.48M | $2.46M |
FLBL vs. IGBH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLBL Franklin Senior Loan ETF | 2.09% | 3.59% | 8.26% | 14.83% | -2.69% | 4.35% | 2.17% | 7.67% | -1.39% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 1.53% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -3.45% |
Correlation
The correlation between FLBL and IGBH is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018 | 0.28 |
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Return for Risk
FLBL vs. IGBH — Risk / Return Rank
FLBL
IGBH
FLBL vs. IGBH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin 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.
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 | IGBH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.41 | -0.71 |
| Martin ratioReturn relative to average drawdown | 2.37 | 5.00 | -2.63 |
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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.
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Drawdown Indicators
| FLBL | IGBH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.52% | -33.67% | +14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -4.24% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.91% | -6.93% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.80% | -10.48% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.67% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.13% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -2.64% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.19% | -0.24% |
Volatility
FLBL vs. IGBH - Volatility Comparison
The current volatility for Franklin Senior Loan ETF (FLBL) is 0.52%, while iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a volatility of 0.81%. 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.
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Volatility by Period
| FLBL | IGBH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.81% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 3.07% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 3.95% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.85% | 6.03% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 9.19% | -3.52% |
FLBL vs. IGBH - Expense Ratio Comparison
FLBL has a 0.45% expense ratio, which is higher than IGBH's 0.16% expense ratio.
Dividends
FLBL vs. IGBH - Dividend Comparison
FLBL's dividend yield for the trailing twelve months is around 7.49%, more than IGBH's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLBL Franklin Senior Loan ETF | 6.86% | 7.24% | 8.05% | 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 | 5.61% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
Frequently Asked Questions
FLBL and IGBH have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBH has higher volatility (0.81%) compared to FLBL (0.52%). In terms of maximum drawdown, FLBL dropped -19.52% vs IGBH's -33.67%.
On 5-year performance, FLBL leads with 5.45% vs 5.15% for IGBH. On fees, IGBH is cheaper at 0.16% per year. On volatility, FLBL has been the lower-risk option at 0.52%. 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 5.45% return vs 5.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.45% for FLBL.
FLBL has the higher dividend yield at 6.86%, compared with 5.61% for IGBH.
FLBL is categorized as High Yield Bonds, while IGBH is Corporate Bonds. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.45% for FLBL and 0.16% for IGBH.
IGBH currently has the higher Sharpe Ratio (1.51 vs 0.83), 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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