FLMB vs. PYPY
Compare and contrast key facts about Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Yieldmax PYPL Option Income Strategy ETF (PYPY).
FLMB and PYPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLMB is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017. PYPY is an actively managed fund by YieldMax. It was launched on Sep 25, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLMB or PYPY.
Key characteristics
| FLMB | PYPY | |
|---|---|---|
| YTD Return | 2.69% | 43.26% |
| 1Y Return | 9.96% | 58.82% |
| Sharpe Ratio | 2.13 | 2.25 |
| Sortino Ratio | 3.15 | 2.78 |
| Omega Ratio | 1.42 | 1.41 |
| Calmar Ratio | 0.84 | 3.95 |
| Martin Ratio | 11.21 | 11.17 |
| Ulcer Index | 0.93% | 5.20% |
| Daily Std Dev | 4.89% | 25.79% |
| Max Drawdown | -17.90% | -14.70% |
| Current Drawdown | -3.65% | -0.31% |
Correlation
The correlation between FLMB and PYPY is 0.07, 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
In the year-to-date period, FLMB achieves a 2.69% return, which is significantly lower than PYPY's 43.26% 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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FLMB vs. PYPY - Expense Ratio Comparison
FLMB has a 0.30% expense ratio, which is lower than PYPY's 1.01% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FLMB vs. PYPY - Dividend Comparison
FLMB's dividend yield for the trailing twelve months is around 3.75%, less than PYPY's 42.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLMB Franklin Liberty Federal Tax-Free Bond ETF | 3.75% | 3.49% | 2.81% | 1.66% | 2.08% | 2.40% | 2.68% | 0.54% |
PYPY Yieldmax PYPL Option Income Strategy ETF | 42.35% | 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%, which is greater than PYPY's maximum drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for FLMB and PYPY. For additional features, visit the drawdowns tool.
Volatility
FLMB vs. PYPY - Volatility Comparison
The current volatility for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) is 2.21%, while Yieldmax PYPL Option Income Strategy ETF (PYPY) has a volatility of 6.93%. 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.