FLCI.TO vs. PSB.TO
FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) and PSB.TO (Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF) are both Corporate Bonds funds. FLCI.TO is actively managed, while PSB.TO is passively managed. Over the past 5 years, FLCI.TO returned 2.15%/yr vs 2.93%/yr for PSB.TO. At a 0.33 correlation, their price movements are largely independent. FLCI.TO charges 0.39%/yr vs 0.28%/yr for PSB.TO.
Performance
FLCI.TO vs. PSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLCI.TO achieves a 1.22% return, which is significantly lower than PSB.TO's 1.49% return.
FLCI.TO
- 1D
- -0.39%
- 1M
- -0.60%
- 6M
- 0.62%
- YTD
- 1.22%
- 1Y
- 5.04%
- 3Y*
- 6.62%
- 5Y*
- 2.15%
- 10Y*
- —
PSB.TO
- 1D
- -0.11%
- 1M
- -0.07%
- 6M
- 1.15%
- YTD
- 1.49%
- 1Y
- 3.94%
- 3Y*
- 5.98%
- 5Y*
- 2.93%
- 10Y*
- 2.69%
FLCI.TO vs. PSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 1.22% | 4.88% | 8.03% | 8.31% | -10.13% | -1.62% | 7.74% | 8.29% | 0.09% | -0.28% |
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 1.49% | 4.68% | 7.08% | 6.44% | -3.89% | -0.97% | 6.08% | 4.25% | 1.59% | 0.08% |
Correlation
The correlation between FLCI.TO and PSB.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.33 |
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Return for Risk
FLCI.TO vs. PSB.TO — Risk / Return Rank
FLCI.TO
PSB.TO
FLCI.TO vs. PSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) and Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO). 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.
| FLCI.TO | PSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.86 | -0.63 |
| Martin ratioReturn relative to average drawdown | 6.32 | 8.73 | -2.41 |
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Drawdowns
FLCI.TO vs. PSB.TO - Drawdown Comparison
The maximum FLCI.TO drawdown since its inception was -17.51%, which is greater than PSB.TO's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for FLCI.TO and PSB.TO.
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Drawdown Indicators
| FLCI.TO | PSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -13.24% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -1.38% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -1.89% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | -7.93% | -6.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.24% | — |
Current DrawdownCurrent decline from peak | -1.16% | -0.28% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -1.00% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.45% | +0.35% |
Volatility
FLCI.TO vs. PSB.TO - Volatility Comparison
Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) has a higher volatility of 1.77% compared to Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) at 0.68%. This indicates that FLCI.TO's price experiences larger fluctuations and is considered to be riskier than PSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCI.TO | PSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.68% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 1.95% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 2.75% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 3.32% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 4.85% | +1.62% |
FLCI.TO vs. PSB.TO - Expense Ratio Comparison
FLCI.TO has a 0.39% expense ratio, which is higher than PSB.TO's 0.28% expense ratio.
Dividends
FLCI.TO vs. PSB.TO - Dividend Comparison
FLCI.TO's dividend yield for the trailing twelve months is around 4.47%, more than PSB.TO's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 4.47% | 4.26% | 4.41% | 4.09% | 4.95% | 3.07% | 2.99% | 3.68% | 3.87% | 0.84% | 0.00% | 0.00% |
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 3.21% | 3.18% | 3.12% | 3.09% | 3.13% | 2.91% | 2.74% | 3.00% | 3.37% | 3.61% | 4.01% | 4.04% |
Frequently Asked Questions
FLCI.TO and PSB.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSB.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSB.TO is cheaper with a 0.28% expense ratio, compared with 0.39% for FLCI.TO.
They also come from different issuers: Franklin and Invesco. Their fees differ too: 0.39% for FLCI.TO and 0.28% for PSB.TO.
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