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FLMB vs. PYPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FLMB and PYPY is 0.08, 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.


Performance

FLMB vs. PYPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Yieldmax PYPL Option Income Strategy ETF (PYPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FLMB:

0.18

PYPY:

0.50

Sortino Ratio

FLMB:

0.25

PYPY:

0.85

Omega Ratio

FLMB:

1.04

PYPY:

1.12

Calmar Ratio

FLMB:

0.13

PYPY:

0.47

Martin Ratio

FLMB:

0.47

PYPY:

1.22

Ulcer Index

FLMB:

2.25%

PYPY:

12.48%

Daily Std Dev

FLMB:

6.34%

PYPY:

30.10%

Max Drawdown

FLMB:

-17.90%

PYPY:

-32.33%

Current Drawdown

FLMB:

-6.05%

PYPY:

-17.83%

Returns By Period

In the year-to-date period, FLMB achieves a -2.29% return, which is significantly higher than PYPY's -13.39% return.


FLMB

YTD

-2.29%

1M

-0.11%

6M

-3.90%

1Y

1.18%

3Y*

1.71%

5Y*

-0.17%

10Y*

N/A

PYPY

YTD

-13.39%

1M

5.22%

6M

-13.93%

1Y

14.30%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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FLMB vs. PYPY - Expense Ratio Comparison

FLMB has a 0.30% expense ratio, which is lower than PYPY's 1.01% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FLMB vs. PYPY — Risk-Adjusted Performance Rank

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

FLMB
The Risk-Adjusted Performance Rank of FLMB is 2121
Overall Rank
The Sharpe Ratio Rank of FLMB is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of FLMB is 1818
Sortino Ratio Rank
The Omega Ratio Rank of FLMB is 1919
Omega Ratio Rank
The Calmar Ratio Rank of FLMB is 2323
Calmar Ratio Rank
The Martin Ratio Rank of FLMB is 2222
Martin Ratio Rank

PYPY
The Risk-Adjusted Performance Rank of PYPY is 4646
Overall Rank
The Sharpe Ratio Rank of PYPY is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of PYPY is 4848
Sortino Ratio Rank
The Omega Ratio Rank of PYPY is 5151
Omega Ratio Rank
The Calmar Ratio Rank of PYPY is 4949
Calmar Ratio Rank
The Martin Ratio Rank of PYPY is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FLMB vs. PYPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Yieldmax PYPL Option Income Strategy ETF (PYPY). 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.


The current FLMB Sharpe Ratio is 0.18, which is lower than the PYPY Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of FLMB and PYPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FLMB vs. PYPY - Dividend Comparison

FLMB's dividend yield for the trailing twelve months is around 3.92%, less than PYPY's 65.53% yield.


TTM20242023202220212020201920182017
FLMB
Franklin Liberty Federal Tax-Free Bond ETF
3.92%3.79%3.49%2.81%1.66%2.08%2.40%2.69%0.54%
PYPY
Yieldmax PYPL Option Income Strategy ETF
65.53%48.64%5.70%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FLMB vs. PYPY - Drawdown Comparison

The maximum FLMB drawdown since its inception was -17.90%, smaller than the maximum PYPY drawdown of -32.33%. Use the drawdown chart below to compare losses from any high point for FLMB and PYPY.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FLMB vs. PYPY - Volatility Comparison

The current volatility for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) is 1.27%, while Yieldmax PYPL Option Income Strategy ETF (PYPY) has a volatility of 5.14%. This indicates that FLMB experiences smaller price fluctuations and is considered to be less risky than PYPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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