FLCB vs. BBAG
FLCB (Franklin U.S. Core Bond ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds. FLCB is actively managed, while BBAG is passively managed. Over the past 5 years, FLCB returned -0.05%/yr vs -0.02%/yr for BBAG. Their correlation of 0.91 suggests significant overlap in exposure. FLCB charges 0.15%/yr vs 0.03%/yr for BBAG.
Performance
FLCB vs. BBAG - Performance Comparison
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Returns By Period
In the year-to-date period, FLCB achieves a 0.50% return, which is significantly higher than BBAG's 0.46% return.
FLCB
- 1D
- 0.09%
- 1M
- 0.68%
- YTD
- 0.50%
- 6M
- 0.64%
- 1Y
- 4.34%
- 3Y*
- 4.00%
- 5Y*
- -0.05%
- 10Y*
- —
BBAG
- 1D
- 0.13%
- 1M
- 0.76%
- YTD
- 0.46%
- 6M
- 0.63%
- 1Y
- 4.36%
- 3Y*
- 3.91%
- 5Y*
- -0.02%
- 10Y*
- —
FLCB vs. BBAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 0.50% | 6.95% | 1.59% | 5.72% | -13.54% | -1.73% | 7.66% | 0.65% |
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 0.46% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 7.31% | 0.60% |
Correlation
The correlation between FLCB and BBAG is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.91 |
The correlation between FLCB and BBAG has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
FLCB vs. BBAG — Risk / Return Rank
FLCB
BBAG
FLCB vs. BBAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Bond ETF (FLCB) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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.
| FLCB | BBAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.58 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.38 | 4.42 | -0.03 |
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Drawdowns
FLCB vs. BBAG - Drawdown Comparison
The maximum FLCB drawdown since its inception was -18.82%, roughly equal to the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for FLCB and BBAG.
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Drawdown Indicators
| FLCB | BBAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -18.73% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.78% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.16% | -6.18% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -18.06% | -0.42% |
Current DrawdownCurrent decline from peak | -2.13% | -2.56% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -6.20% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.99% | 0.00% |
Volatility
FLCB vs. BBAG - Volatility Comparison
The current volatility for Franklin U.S. Core Bond ETF (FLCB) is 1.01%, while JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a volatility of 1.13%. This indicates that FLCB experiences smaller price fluctuations and is considered to be less risky than BBAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCB | BBAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.13% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.90% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.89% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 5.93% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 5.79% | -0.30% |
FLCB vs. BBAG - Expense Ratio Comparison
FLCB has a 0.15% expense ratio, which is higher than BBAG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLCB vs. BBAG - Dividend Comparison
FLCB's dividend yield for the trailing twelve months is around 4.29%, less than BBAG's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.35% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% |
FLCB Franklin U.S. Core Bond ETF | 4.29% | 4.19% | 4.10% | 3.40% | 2.73% | 2.28% | 3.24% | 0.73% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, FLCB and BBAG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBAG has higher volatility (1.13%) compared to FLCB (1.01%). In terms of maximum drawdown, FLCB dropped -18.82% vs BBAG's -18.73%.
On 5-year performance, BBAG leads with -0.02% vs -0.05% for FLCB. On fees, BBAG is cheaper at 0.03% per year. On volatility, FLCB has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBAG has performed better with a -0.02% return vs -0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG is cheaper with a 0.03% expense ratio, compared with 0.15% for FLCB.
BBAG has the higher dividend yield at 4.35%, compared with 4.29% for FLCB.
They also come from different issuers: Franklin Templeton and JPMorgan. Their fees differ too: 0.15% for FLCB and 0.03% for BBAG.
FLCB currently has the higher Sharpe Ratio (1.15 vs 1.13), 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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