FLIA vs. EZBC

Last updated Jul 17, 2026

FLIA (Franklin Liberty International Aggregate Bond ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FLIA is a International Government Bonds fund actively managed by Franklin Templeton, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. FLIA is actively managed, while EZBC is passively managed. Over the past year, FLIA returned 2.14% vs -46.31% for EZBC. At a 0.08 correlation, their price movements are largely independent. FLIA charges 0.25%/yr vs 0.19%/yr for EZBC.

Performance

FLIA vs. EZBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty International Aggregate Bond ETF (FLIA) and Franklin Bitcoin ETF (EZBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLIA achieves a 1.19% return, which is significantly higher than EZBC's -26.62% return.

FLIA

• 1D: -0.15%
• 1M: -0.38%
• 6M: 0.79%
• YTD: 1.19%
• 1Y: 2.14%
• 3Y*: 3.35%
• 5Y*: 0.74%
• 10Y*: —

EZBC

• 1D: -1.01%
• 1M: -2.11%
• 6M: -32.60%
• YTD: -26.62%
• 1Y: -46.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLIA vs. EZBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLIA Franklin Liberty International Aggregate Bond ETF	1.19%	2.12%	3.79%
EZBC Franklin Bitcoin ETF	-26.62%	-6.56%	87.83%

Correlation

The correlation between FLIA and EZBC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.08

Return for Risk

FLIA vs. EZBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLIA

FLIA Risk / Return Rank: 23
FLIA Sharpe Ratio Rank: 23
FLIA Sortino Ratio Rank: 21
FLIA Omega Ratio Rank: 21
FLIA Calmar Ratio Rank: 26
FLIA Martin Ratio Rank: 27

EZBC

EZBC Risk / Return Rank: 2
EZBC Sharpe Ratio Rank: 1
EZBC Sortino Ratio Rank: 1
EZBC Omega Ratio Rank: 2
EZBC Calmar Ratio Rank: 2
EZBC Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLIA vs. EZBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) and Franklin Bitcoin ETF (EZBC). 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.

	FLIA	EZBC	Difference
Sharpe ratio: Return per unit of total volatility	0.66	-1.05	+1.71
Sortino ratio: Return per unit of downside risk	0.97	-1.59	+2.56
Omega ratio: Gain probability vs. loss probability	1.12	0.82	+0.29
Calmar ratio: Return relative to maximum drawdown	1.05	-0.87	+1.92
Martin ratio: Return relative to average drawdown	2.84	-1.40	+4.24

FLIA vs. EZBC - Sharpe Ratio Comparison

The current FLIA Sharpe Ratio is 0.66, which is higher than the EZBC Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of FLIA and EZBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLIA vs. EZBC - Drawdown Comparison

The maximum FLIA drawdown since its inception was -11.24%, smaller than the maximum EZBC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for FLIA and EZBC.

Drawdown Indicators

	FLIA	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-53.35%	+42.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.04%	-53.35%	+51.31%
Max Drawdown (3Y) Largest decline over 3 years	-2.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.42%	—	—
Current Drawdown Current decline from peak	-0.72%	-48.92%	+48.20%
Average Drawdown Average peak-to-trough decline	-3.75%	-17.75%	+14.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	33.13%	-32.37%

Volatility

FLIA vs. EZBC - Volatility Comparison

The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 0.78%, while Franklin Bitcoin ETF (EZBC) has a volatility of 10.76%. This indicates that FLIA experiences smaller price fluctuations and is considered to be less risky than EZBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIA	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	10.76%	-9.98%
Volatility (6M) Calculated over the trailing 6-month period	2.55%	34.80%	-32.25%
Volatility (1Y) Calculated over the trailing 1-year period	3.25%	44.30%	-41.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	49.84%	-45.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	49.84%	-45.15%

FLIA vs. EZBC - Expense Ratio Comparison

FLIA has a 0.25% expense ratio, which is higher than EZBC's 0.19% 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

FLIA vs. EZBC - Dividend Comparison

FLIA's dividend yield for the trailing twelve months is around 2.79%, while EZBC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EZBC Franklin Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLIA Franklin Liberty International Aggregate Bond ETF	2.79%	2.62%	2.97%	0.93%	18.12%	2.26%	0.43%	2.93%	1.23%

Frequently Asked Questions

Can I hold both FLIA and EZBC in my portfolio?

FLIA and EZBC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLIA or EZBC?

EZBC has higher volatility (10.76%) compared to FLIA (0.78%). In terms of maximum drawdown, FLIA dropped -11.24% vs EZBC's -53.35%.

Which ETF is better, FLIA or EZBC?

On 1-year performance, FLIA leads with 2.14% vs -46.31% for EZBC. On fees, EZBC is cheaper at 0.19% per year. On volatility, FLIA has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLIA or EZBC?

Over the 1-year period, FLIA has performed better with a 2.14% return vs -46.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLIA or EZBC?

EZBC is cheaper with a 0.19% expense ratio, compared with 0.25% for FLIA.

Which ETF pays a higher dividend yield, FLIA or EZBC?

FLIA has the higher dividend yield at 2.79%, compared with 0.00% for EZBC.

What is the main difference between FLIA and EZBC?

FLIA is categorized as International Government Bonds, while EZBC is Cryptocurrency. Their fees differ too: 0.25% for FLIA and 0.19% for EZBC.

Which has better risk-adjusted returns?

FLIA currently has the higher Sharpe Ratio (0.66 vs -1.05), 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.