FLIA vs. TLT
Compare and contrast key facts about Franklin Liberty International Aggregate Bond ETF (FLIA) and iShares 20+ Year Treasury Bond ETF (TLT).
FLIA and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLIA or TLT.
Key characteristics
| FLIA | TLT | |
|---|---|---|
| YTD Return | -1.79% | -9.24% |
| 1Y Return | 2.35% | -13.03% |
| 3Y Return (Ann) | -0.97% | -11.50% |
| 5Y Return (Ann) | 0.32% | -4.29% |
| Sharpe Ratio | 0.54 | -0.64 |
| Daily Std Dev | 5.64% | 16.88% |
| Max Drawdown | -11.24% | -48.35% |
| Current Drawdown | -6.13% | -43.45% |
Correlation
The correlation between FLIA and TLT is 0.51, 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.
Performance
FLIA vs. TLT - Performance Comparison
In the year-to-date period, FLIA achieves a -1.79% return, which is significantly higher than TLT's -9.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLIA vs. TLT - Expense Ratio Comparison
FLIA has a 0.25% expense ratio, which is higher than TLT's 0.15% 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%.
Risk-Adjusted Performance
FLIA vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) and iShares 20+ Year Treasury Bond ETF (TLT). 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
FLIA vs. TLT - Dividend Comparison
FLIA's dividend yield for the trailing twelve months is around 0.95%, less than TLT's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 0.95% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.96% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
FLIA vs. TLT - Drawdown Comparison
The maximum FLIA drawdown since its inception was -11.24%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FLIA and TLT. For additional features, visit the drawdowns tool.
Volatility
FLIA vs. TLT - Volatility Comparison
The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 1.32%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.08%. This indicates that FLIA experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.