FLLV vs. EZBC

Last updated Jun 24, 2026

FLLV (Franklin Liberty U.S. Low Volatility ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FLLV is a Volatility Hedged Equity fund actively managed by Franklin Templeton, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. FLLV is actively managed, while EZBC is passively managed. Over the past year, FLLV returned 23.98% vs -39.76% for EZBC. At a 0.27 correlation, their price movements are largely independent. FLLV charges 0.29%/yr vs 0.19%/yr for EZBC.

Performance

FLLV vs. EZBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty U.S. Low Volatility ETF (FLLV) 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, FLLV achieves a 12.00% return, which is significantly higher than EZBC's -28.83% return.

FLLV

• 1D: 0.22%
• 1M: -0.59%
• YTD: 12.00%
• 6M: 11.92%
• 1Y: 23.98%
• 3Y*: 16.37%
• 5Y*: 10.85%
• 10Y*: —

EZBC

• 1D: -3.22%
• 1M: -17.79%
• YTD: -28.83%
• 6M: -28.96%
• 1Y: -39.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLLV vs. EZBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLLV Franklin Liberty U.S. Low Volatility ETF	12.00%	15.92%	11.03%
EZBC Franklin Bitcoin ETF	-28.83%	-6.56%	87.83%

Correlation

The correlation between FLLV and EZBC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.27

Return for Risk

FLLV vs. EZBC — Risk / Return Rank

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

FLLV

FLLV Risk / Return Rank: 90
FLLV Sharpe Ratio Rank: 90
FLLV Sortino Ratio Rank: 92
FLLV Omega Ratio Rank: 89
FLLV Calmar Ratio Rank: 89
FLLV Martin Ratio Rank: 88

EZBC

EZBC Risk / Return Rank: 2
EZBC Sharpe Ratio Rank: 2
EZBC Sortino Ratio Rank: 2
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.

FLLV vs. EZBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Low Volatility ETF (FLLV) 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.

	FLLV	EZBC	Difference
Sharpe ratio: Return per unit of total volatility	2.85	-0.90	+3.75
Sortino ratio: Return per unit of downside risk	4.13	-1.26	+5.38
Omega ratio: Gain probability vs. loss probability	1.52	0.86	+0.66
Calmar ratio: Return relative to maximum drawdown	4.91	-0.77	+5.68
Martin ratio: Return relative to average drawdown	18.21	-1.30	+19.51

FLLV vs. EZBC - Sharpe Ratio Comparison

The current FLLV Sharpe Ratio is 2.85, which is higher than the EZBC Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of FLLV 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

FLLV vs. EZBC - Drawdown Comparison

The maximum FLLV drawdown since its inception was -33.95%, smaller than the maximum EZBC drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for FLLV and EZBC.

Drawdown Indicators

	FLLV	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-52.07%	+18.12%
Max Drawdown (1Y) Largest decline over 1 year	-4.90%	-52.07%	+47.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.40%	—	—
Current Drawdown Current decline from peak	-1.77%	-50.46%	+48.69%
Average Drawdown Average peak-to-trough decline	-3.24%	-16.89%	+13.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	30.56%	-29.24%

Volatility

FLLV vs. EZBC - Volatility Comparison

The current volatility for Franklin Liberty U.S. Low Volatility ETF (FLLV) is 2.76%, while Franklin Bitcoin ETF (EZBC) has a volatility of 13.04%. This indicates that FLLV 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

	FLLV	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	13.04%	-10.28%
Volatility (6M) Calculated over the trailing 6-month period	6.18%	34.61%	-28.43%
Volatility (1Y) Calculated over the trailing 1-year period	8.46%	44.23%	-35.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.28%	50.15%	-36.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.66%	50.15%	-34.49%

FLLV vs. EZBC - Expense Ratio Comparison

FLLV has a 0.29% expense ratio, which is higher than EZBC's 0.19% expense ratio.

Dividends

FLLV vs. EZBC - Dividend Comparison

FLLV's dividend yield for the trailing twelve months is around 4.78%, while EZBC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EZBC Franklin Bitcoin ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLLV Franklin Liberty U.S. Low Volatility ETF	4.78%	4.71%	3.25%	1.75%	1.68%	1.41%	1.40%	1.31%	1.55%	1.44%	0.50%

Frequently Asked Questions

Can I hold both FLLV and EZBC in my portfolio?

FLLV and EZBC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLLV or EZBC?

EZBC has higher volatility (13.04%) compared to FLLV (2.76%). In terms of maximum drawdown, FLLV dropped -33.95% vs EZBC's -52.07%.

Which ETF is better, FLLV or EZBC?

On 1-year performance, FLLV leads with 23.98% vs -39.76% for EZBC. On fees, EZBC is cheaper at 0.19% per year. On volatility, FLLV has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLLV or EZBC?

Over the 1-year period, FLLV has performed better with a 23.98% return vs -39.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLLV or EZBC?

EZBC is cheaper with a 0.19% expense ratio, compared with 0.29% for FLLV.

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

FLLV has the higher dividend yield at 4.78%, compared with 0.00% for EZBC.

What is the main difference between FLLV and EZBC?

FLLV is categorized as Volatility Hedged Equity, while EZBC is Cryptocurrency. Their fees differ too: 0.29% for FLLV and 0.19% for EZBC.

Which has better risk-adjusted returns?

FLLV currently has the higher Sharpe Ratio (2.85 vs -0.90), 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.