FLIA vs. MBB
Compare and contrast key facts about Franklin Liberty International Aggregate Bond ETF (FLIA) and iShares MBS Bond ETF (MBB).
FLIA and MBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLIA is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. MBB is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Mar 16, 2007.
Performance
FLIA vs. MBB - Performance Comparison
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FLIA vs. MBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 0.40% | 2.12% | 2.42% | 7.17% | -7.68% | -1.98% | 1.37% | 7.58% | -2.59% |
MBB iShares MBS Bond ETF | 0.41% | 8.38% | 1.31% | 5.01% | -11.74% | -1.43% | 4.08% | 6.18% | 2.27% |
Returns By Period
The year-to-date returns for both investments are quite close, with FLIA having a 0.40% return and MBB slightly higher at 0.41%.
FLIA
- 1D
- 0.42%
- 1M
- -1.41%
- YTD
- 0.40%
- 6M
- 1.02%
- 1Y
- 2.83%
- 3Y*
- 3.17%
- 5Y*
- 0.74%
- 10Y*
- —
MBB
- 1D
- 0.24%
- 1M
- -1.69%
- YTD
- 0.41%
- 6M
- 1.92%
- 1Y
- 5.63%
- 3Y*
- 4.09%
- 5Y*
- 0.40%
- 10Y*
- 1.34%
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FLIA vs. MBB - Expense Ratio Comparison
FLIA has a 0.25% expense ratio, which is higher than MBB's 0.06% 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%.
Return for Risk
FLIA vs. MBB — Risk / Return Rank
FLIA
MBB
FLIA vs. MBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) and iShares MBS Bond ETF (MBB). 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.
| FLIA | MBB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.14 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.63 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.18 | -0.63 |
Martin ratioReturn relative to average drawdown | 5.12 | 6.00 | -0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLIA | MBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.14 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.06 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.59 | -0.37 |
Correlation
The correlation between FLIA and MBB is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FLIA vs. MBB - Dividend Comparison
FLIA's dividend yield for the trailing twelve months is around 2.61%, less than MBB's 4.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 2.61% | 2.62% | 2.97% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% | 0.00% | 0.00% | 0.00% |
MBB iShares MBS Bond ETF | 4.22% | 4.21% | 3.94% | 3.40% | 2.31% | 1.05% | 2.10% | 2.77% | 2.64% | 2.23% | 2.58% | 2.66% |
Drawdowns
FLIA vs. MBB - Drawdown Comparison
The maximum FLIA drawdown since its inception was -11.24%, smaller than the maximum MBB drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for FLIA and MBB.
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Drawdown Indicators
| FLIA | MBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.24% | -17.64% | +6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -2.64% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -17.19% | +7.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.64% | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.69% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -2.36% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.96% | -0.34% |
Volatility
FLIA vs. MBB - Volatility Comparison
The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 1.59%, while iShares MBS Bond ETF (MBB) has a volatility of 1.98%. This indicates that FLIA experiences smaller price fluctuations and is considered to be less risky than MBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLIA | MBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.98% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 3.00% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 4.97% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 6.77% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 5.27% | -0.54% |