FLCB vs. BYLD
Compare and contrast key facts about Franklin Liberty U.S. Core Bond ETF (FLCB) and iShares Yield Optimized Bond ETF (BYLD).
FLCB and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLCB is an actively managed fund by Franklin Templeton. It was launched on Sep 17, 2019. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLCB or BYLD.
Correlation
The correlation between FLCB and BYLD is 0.08, 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
FLCB vs. BYLD - Performance Comparison
Key characteristics
FLCB:
1.39
BYLD:
1.57
FLCB:
2.08
BYLD:
2.30
FLCB:
1.25
BYLD:
1.31
FLCB:
0.56
BYLD:
1.46
FLCB:
3.73
BYLD:
8.10
FLCB:
2.05%
BYLD:
0.95%
FLCB:
5.51%
BYLD:
4.90%
FLCB:
-19.06%
BYLD:
-14.75%
FLCB:
-6.66%
BYLD:
-0.41%
Returns By Period
In the year-to-date period, FLCB achieves a 2.82% return, which is significantly higher than BYLD's 2.17% return.
FLCB
2.82%
0.34%
2.29%
7.81%
-0.66%
N/A
BYLD
2.17%
0.13%
2.04%
7.50%
1.38%
2.56%
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FLCB vs. BYLD - Expense Ratio Comparison
FLCB has a 0.15% expense ratio, which is lower than BYLD's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLCB vs. BYLD — Risk-Adjusted Performance Rank
FLCB
BYLD
FLCB vs. BYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Core Bond ETF (FLCB) and iShares Yield Optimized Bond ETF (BYLD). 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
FLCB vs. BYLD - Dividend Comparison
FLCB's dividend yield for the trailing twelve months is around 4.18%, less than BYLD's 5.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCB Franklin Liberty U.S. Core Bond ETF | 4.18% | 4.10% | 3.40% | 2.73% | 2.28% | 2.94% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.44% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% | 2.12% |
Drawdowns
FLCB vs. BYLD - Drawdown Comparison
The maximum FLCB drawdown since its inception was -19.06%, which is greater than BYLD's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for FLCB and BYLD. For additional features, visit the drawdowns tool.
Volatility
FLCB vs. BYLD - Volatility Comparison
The current volatility for Franklin Liberty U.S. Core Bond ETF (FLCB) is 2.14%, while iShares Yield Optimized Bond ETF (BYLD) has a volatility of 2.90%. This indicates that FLCB experiences smaller price fluctuations and is considered to be less risky than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.