FLLV vs. KBWD
Compare and contrast key facts about Franklin Liberty U.S. Low Volatility ETF (FLLV) and Invesco KBW High Dividend Yield Financial ETF (KBWD).
FLLV and KBWD 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. KBWD is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Financial Sector Dividend Yield Index. It was launched on Dec 2, 2010.
Performance
FLLV vs. KBWD - Performance Comparison
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FLLV vs. KBWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLLV Franklin Liberty U.S. Low Volatility ETF | 7.36% | 15.92% | 10.70% | 13.87% | -8.54% | 23.36% | 12.33% | 32.72% | -2.14% | 19.66% |
KBWD Invesco KBW High Dividend Yield Financial ETF | -5.14% | 5.59% | 4.30% | 20.21% | -19.14% | 31.89% | -15.58% | 20.72% | -8.70% | 12.06% |
Returns By Period
In the year-to-date period, FLLV achieves a 7.36% return, which is significantly higher than KBWD's -5.14% return.
FLLV
- 1D
- 1.23%
- 1M
- -2.97%
- YTD
- 7.36%
- 6M
- 11.87%
- 1Y
- 21.14%
- 3Y*
- 15.33%
- 5Y*
- 11.11%
- 10Y*
- —
KBWD
- 1D
- 2.45%
- 1M
- -2.89%
- YTD
- -5.14%
- 6M
- -1.01%
- 1Y
- -1.20%
- 3Y*
- 7.16%
- 5Y*
- 1.84%
- 10Y*
- 5.16%
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FLLV vs. KBWD - Expense Ratio Comparison
FLLV has a 0.29% expense ratio, which is lower than KBWD's 1.24% expense ratio.
Return for Risk
FLLV vs. KBWD — Risk / Return Rank
FLLV
KBWD
FLLV vs. KBWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Low Volatility ETF (FLLV) and Invesco KBW High Dividend Yield Financial ETF (KBWD). 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 | KBWD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | -0.06 | +1.61 |
Sortino ratioReturn per unit of downside risk | 2.17 | 0.05 | +2.12 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.01 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.07 | +2.04 |
Martin ratioReturn relative to average drawdown | 9.86 | -0.18 | +10.04 |
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 | KBWD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | -0.06 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.09 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.27 | +0.54 |
Correlation
The correlation between FLLV and KBWD is 0.58, 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
FLLV vs. KBWD - Dividend Comparison
FLLV's dividend yield for the trailing twelve months is around 4.80%, less than KBWD's 14.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 14.06% | 12.83% | 12.45% | 11.45% | 11.32% | 7.26% | 9.68% | 8.63% | 9.47% | 8.77% | 8.68% | 8.89% |
Drawdowns
FLLV vs. KBWD - Drawdown Comparison
The maximum FLLV drawdown since its inception was -33.95%, smaller than the maximum KBWD drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for FLLV and KBWD.
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Drawdown Indicators
| FLLV | KBWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -58.63% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -15.05% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -30.74% | +12.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.63% | — |
Current DrawdownCurrent decline from peak | -2.97% | -11.88% | +8.91% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -7.39% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 5.54% | -3.31% |
Volatility
FLLV vs. KBWD - Volatility Comparison
The current volatility for Franklin Liberty U.S. Low Volatility ETF (FLLV) is 3.23%, while Invesco KBW High Dividend Yield Financial ETF (KBWD) has a volatility of 6.66%. This indicates that FLLV experiences smaller price fluctuations and is considered to be less risky than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLLV | KBWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 6.66% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 11.53% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 19.67% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 19.81% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 23.18% | -7.38% |