FLLV vs. FLBL
Compare and contrast key facts about Franklin Liberty U.S. Low Volatility ETF (FLLV) and Franklin Liberty Senior Loan ETF (FLBL).
FLLV and FLBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLLV is an actively managed fund by Franklin Templeton. It was launched on Sep 20, 2016. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Performance
FLLV vs. FLBL - Performance Comparison
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FLLV vs. FLBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLLV Franklin Liberty U.S. Low Volatility ETF | 7.36% | 15.92% | 10.70% | 13.87% | -8.54% | 23.36% | 12.33% | 32.72% | -4.60% |
FLBL Franklin Liberty Senior Loan ETF | -0.76% | 3.59% | 8.26% | 14.83% | -2.69% | 4.35% | 2.17% | 7.67% | -1.63% |
Returns By Period
In the year-to-date period, FLLV achieves a 7.36% return, which is significantly higher than FLBL's -0.76% return.
FLLV
- 1D
- 1.23%
- 1M
- -2.97%
- YTD
- 7.36%
- 6M
- 11.87%
- 1Y
- 21.14%
- 3Y*
- 15.33%
- 5Y*
- 11.11%
- 10Y*
- —
FLBL
- 1D
- 0.35%
- 1M
- 1.58%
- YTD
- -0.76%
- 6M
- -0.68%
- 1Y
- 2.56%
- 3Y*
- 6.82%
- 5Y*
- 5.19%
- 10Y*
- —
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FLLV vs. FLBL - Expense Ratio Comparison
FLLV has a 0.29% expense ratio, which is lower than FLBL's 0.45% expense ratio.
Return for Risk
FLLV vs. FLBL — Risk / Return Rank
FLLV
FLBL
FLLV vs. FLBL - 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 Liberty Senior Loan ETF (FLBL). 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.
| FLLV | FLBL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.60 | +0.95 |
Sortino ratioReturn per unit of downside risk | 2.17 | 0.87 | +1.30 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.76 | +1.22 |
Martin ratioReturn relative to average drawdown | 9.86 | 2.59 | +7.28 |
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
| FLLV | FLBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.60 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.34 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.77 | +0.04 |
Correlation
The correlation between FLLV and FLBL is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FLLV vs. FLBL - Dividend Comparison
FLLV's dividend yield for the trailing twelve months is around 4.80%, less than FLBL's 7.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLLV Franklin Liberty U.S. Low Volatility ETF | 4.80% | 4.71% | 3.25% | 1.75% | 1.68% | 1.41% | 1.40% | 1.31% | 1.55% | 1.44% | 0.50% |
FLBL Franklin Liberty Senior Loan ETF | 7.32% | 7.24% | 8.05% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.21% | 0.00% | 0.00% |
Drawdowns
FLLV vs. FLBL - Drawdown Comparison
The maximum FLLV drawdown since its inception was -33.95%, which is greater than FLBL's maximum drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for FLLV and FLBL.
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Drawdown Indicators
| FLLV | FLBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -19.52% | -14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -3.32% | -7.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -6.80% | -11.60% |
Current DrawdownCurrent decline from peak | -2.97% | -1.56% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -1.01% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.01% | +1.22% |
Volatility
FLLV vs. FLBL - Volatility Comparison
Franklin Liberty U.S. Low Volatility ETF (FLLV) has a higher volatility of 3.23% compared to Franklin Liberty Senior Loan ETF (FLBL) at 1.16%. This indicates that FLLV's price experiences larger fluctuations and is considered to be riskier than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLLV | FLBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 1.16% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 2.23% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 4.29% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 3.88% | +9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 5.77% | +10.03% |